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Canada: Private Health Care Continues to Erode
Canada still has a good public system, one that must not be taken for granted. One that must be supported. One that must be remember at election time.Making a profit at the expense of people's health, what does... Port Mann P3 scuttled by Victoria over lack of private finance
The B.C. Liberal government has ditched plans to build the new Port Mann bridge crossing through a so-called public-private partnership (P3) and will now finance the project directly. That's a dramatic reversal for... 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... 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... Privatization linked to higher death rate in former Soviet Union
The British medical journal The Lancet has released a study that shows that rapid privatization of state industries in the 1990s led to significant increase in the death rate in the former Soviet Union.... 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... Indian insurance workers strike to fend off privatization
It seems like the Indian government is determined to privatize the country's insurance industry by raising the limit on foreign investment to 49 per cent. Workers say the insurance companies in India were insulated... B.C. P3 banker sued over alleged lack of financial disclosure
Investors are suing the German bank that's financing two hospital projects in British Columbia. Hypo Real Estate clients are alleging that the bank failed to disclose in a timely manner its exposure to the market... British Columbia P3 Lender Has Exposure in Madoff Scandal
Dexia, the Belgian-French bank that's backing a number of the B.C. Liberal government's public-private partnership (P3) schemes to build bridges and hospitals, has admitted that it could face serious losses as a result of the Madoff fraud case. " Franco-Belgian lender... Hansen, Baird Continue to Push p3s Despite Global Warnings
The federal minister in charge of transportation and infrastructure, John Baird, will be meeting today with B.C. finance minister Colin Hansen to talk about fast-tracking infrastructure investments to offset the slowdown in the economy. Both the B.C. and federal... B.C. bridge banker short on cash for U.K highway project
A British newspaper is reporting that Dexia, the Franco-Belgian bank involved in financing B.C.'s Golden Ears Bridge project through a so-called public-private partnership (P3) deal, has failed to come up with the... NZ executive questions P3s; Canadian politicians should pay attention
The top executive of New Zealand's largest construction firm has told the country's new national government that its plans for massive infrastructure investments would be delayed if financed through so-called...
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