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PFI Scheme's Cripple NHS Hospitals
Taxpayers are having to pay more than £200billion for schools, hospitals and other projects whose capital value is little more than £50billion.In one example, a hospital in Bromley, south east London, will... Montreal P3 'superhospitals' in doubt as private financing tanks
Public-private partnerships, the infrastructure development model hailed by some as a superior way for governments to provide hospitals, highways, schools and other large-scale projects to taxpayers, have taken... Britain's PFI projects may look for huge government bailout
Public finance initiative (PFI) projects in Britain may be looking for a multi-billion pound bailout from government as funding sources dry up in the wake of the global economic crisis. Some think that when the... Port Mann bridge partner reports massive losses on toll roads
The key investor behind the public-private partnership building and operating the new ten-lane Port Mann toll bridge today reported a loss of over $1 billion (CAD). Macquarie Group's infrastructure arm took the bath on its toll road assets around the world. " Macquarie... Macquarie signals huge losses day after P3 mega-bridge announced
Just a day after the B.C. Liberal government announced plans to supersize the new Port Mann bridge crossing comes news that the project's private partner is facing major write-downs on its other infrastructure funds and equity investments. In an operating update released... P3s cost more, says prominent B.C. forensic accountant
A new study by B.C.'s best-known forensic accountant concludes that so-called public-private partnerships (P3s) for public projects cost more than if they were financed directly by government. The study also finds... B.C. government bails out Port Mann P3
There's a lot of questions being raised about the future of using so-called public-private partnerships to provide major infrastructure projects like the Port Mann Bridge and Highway 1 expansion. Just yesterday,... Schwarzenegger's P3 schemes rapped by California treasurer
In an op-ed published in today's Sacramento Bee, California's state treasurer takes on proponents of public-private partnerships and makes the case for funding public infrastructure projects by issuing municipal... World credit crunch makes local P3 projects risky propositions
The Vancouver Sun has published a major feature that raises serious questions about the financial health of privately-financed infrastructure projects in British Columbia.The investigative report comes a day... Will the German government become defacto shareholder in BC P3s?
The German bank that's involved in the financing of three high profile public-private partnership (P3) projects in British Columbia may be partially nationalized by the German government. Hypo Real Estate (HRE)... P3 financing for Port Mann bridge uncertain
A plan to privately finance the twinning of the Port Mann Bridge and widen Highway 1 through a public-private partnership (P3) appears to be on shaky ground. The Australian financial partner in the scheme -- the... BC P3 banker embroiled in Italian bond scandal
Depfa Bank, a major lender to public infrastructure projects in British Columbia, has found itself embroiled in a major bond scandal involving Italian local governments, according to The Telegraph newspaper. The... Claimants sought for class action against bank linked to BC P3s
A Frankfurt-based law firm is warning investors in Hypo Real Estate (HRE) that time may be running out to make claims for damages against the troubled German lender.The firm Winheller Attorneys says that... B.C. P3 lender posts largest 2008 loss on key European index
Dexia, the Belgian-French bank that's bankrolling three major infrastructure projects in British Columbia, saw its stock value plummet by more than 81 per cent in 2008. It was the largest loss by a company listed... Insider trading investigated at bank linked to BC P3s
Hypo Real Estate (HRE), the real estate and public finance bank linked to several high profile government projects in British Columbia, is being investigated by German prosecutors for suspicion of insider trading.... NowPublic on Facebook
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