On May 16th British Columbia’s Auditor General published a report on Vancouver General Hospital P3 that raised serious doubts about public private partnerships in British Columbia. In the UK, where P3s have been around a lot longer, the doubts are getting even graver. Under P3s, or private finance initiative (PFI) as they are known in [...]
Entries Tagged as 'Partnerships BC'
Suspicion about private finance schemes growing in the UK
June 2nd, 2011 · Keith Reynolds · 5 Comments · Privatization, P3s & public services, Transparency & accountability
How flipping equity in P3s boosts profits and ends up with the projects being run from Channel Islands tax havens
March 9th, 2011 · Keith Reynolds · 1 Comment · Privatization, P3s & public services
Just like good stilton cheese, public private partnerships (P3s) were imported to British Columbia from the United Kingdom. And like good stilton, in the UK P3s are starting to smell. In 2003, as part of its privatization agenda, BC’s government created Partnerships BC as a private company owned by the Ministry of Finance. Partnerships BC’s [...]
Tags: ABN Ambro·Bilfinger·John Laing·Macquarie·Partnerships BC
Problems for the South Fraser Perimeter Road P3?
May 12th, 2010 · Keith Reynolds · 2 Comments · Environment, resources & sustainability, Privatization, P3s & public services, Transparency & accountability
There are some interesting recent developments on the South Fraser Perimeter Road (SFPR) public private partnership project. A press release issued Friday afternoon announced the successful bidder in response to a Requests for Proposal. The results may not be what we were led to expect. The SFPR project is part of the Province’s Gateway project [...]
Tags: Gateway·Ministry of Transportation·P3·Partnerships BC·South Fraser Perimeter Road
BC opens door to private jails
May 2nd, 2010 · Keith Reynolds · 2 Comments · Human rights, Law & legal issues, Privatization, P3s & public services, Transparency & accountability
The BC government has taken the next step down the privatization road by opening the door to private prisons. On April 28th Partnerships BC posted a request for qualification on the BC Bid web site for a public private partnership (P3) for the Surrey Pretrial Centre. You need to register with Bid BC to see [...]
