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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... Embattled B.C. P3 lender to be cut loose by German parent
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... 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, the treasurer of California argued that the P3 model Governor... 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 market-battered Macquarie Group -- has been unable to secure... 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... 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... Bank Linked to B.C. p3s Raided by German Prosecutors
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... 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... Ontario audits P3 hospital costs -- why not B.C.?
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... 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... Top Members Today
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