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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... 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... 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... B.C. P3 lender burning through government loan guarantees
The Belgian-French bank that's supplying the financing to several public-private partnership (P3) projects in British Columbia has exhausted half of the government guarantees it received in a September bailout.... 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... 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... 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... 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.... European bank funding BC P3s may be broken up by new owners
Dexia, the Belgian-French bank that's involved in several public-private partnership schemes in British Columbia, may be broken up by the governments who bailed it out. The bank is providing financing for the Royal Jubilee Hospital expansion in Victoria, a new Surrey... 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... 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... P3s lead to delays in infrastructure spending
Government's around the world are scrambling to fast-track infrastructure projects to help bolster flagging economies and put people to work.On Monday, federal finance minister Jim Flaherty said his government wants to deliver those projects using so-called public-private... Privatization proponents seek new rationale for P3s in face of credit collapse
Federal finance minister Jim Flaherty told a national privatization lobby group on Monday that investments in public infrastructure are a key part of the government's plan to stimulate a flagging economy."The government wants to deliver the projects through so-called... Government privatization agency downplays financial risk to Victoria hospital...
The head of the B.C. government agency charged with promoting privately financed public infrastructure has a rosy view of the current credit crisis facing the European banks that are putting up the capital for an...
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