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...
created by mike_yvr | 39 wks ago | updated 39 wks ago 576 views | 3 recommendations | 1 comment
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...
created by mike_yvr | 41 wks ago | updated 41 wks ago 950 views | 18 recommendations | 3 comments
Depfa Bank PLC, a key source of credit to several British Columbia public-private partnership projects and a financial sink hole for its German parent, will be cut loose according to media sources. The...
created by mike_yvr | 42 wks ago | updated 42 wks ago 156 views | 2 recommendations | 0 comments
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,...
created by mike_yvr | 42 wks ago | updated 42 wks ago 270 views | 12 recommendations | 4 comments
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...
created by mike_yvr | 43 wks ago | updated 43 wks ago 364 views | 4 recommendations | 1 comment
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)...
created by mike_yvr | 44 wks ago | updated 44 wks ago 139 views | 3 recommendations | 0 comments
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...
created by mike_yvr | 44 wks ago | updated 44 wks ago 315 views | 0 recommendations | 0 comments
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...
created by mike_yvr | 46 wks ago | updated 46 wks ago 285 views | 10 recommendations | 1 comment
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...
created by mike_yvr | 48 wks ago | updated 47 wks ago 204 views | 7 recommendations | 0 comments
German prosecutors have raided the offices of a company linked to two high profile hospital projects in B.C. " German prosecutors said Wednesday they have searched the offices of troubled lender Hypo Real Estate...
created by mike_yvr | 48 wks ago | updated 48 wks ago 115 views | 2 recommendations | 0 comments
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...
created by mike_yvr | 48 wks ago | updated 48 wks ago 267 views | 4 recommendations | 0 comments
On Monday, the Ontario auditor general released a value-for-money report on a controversial hospital that was built using private finance as a so-called public-private partnership. It's a model for providing...
created by mike_yvr | 49 wks ago | updated 49 wks ago 326 views | 4 recommendations | 0 comments
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...
created by mike_yvr | 50 wks ago | updated 50 wks ago 393 views | 13 recommendations | 0 comments