Privatization, P3s & public services

Death of a P3

Feb 27, 2009
And so the P3 financing deal for the Port Mann Super-Bridge died, conveniently right when it will get the least media coverage. Here’s the breaking news from the Sun: The province has been unable to reach a finance-arranging deal with the consortium that was to build the new Port Mann Bridge, transportation Minister Kevin Falcon… View Article

P3s? Fairly ridiculous

They keep moving the goal posts for using public private partnerships (P3s) in BC to procure large projects. Government officials have argued in the past that the magic bullet for P3s was the combination of risk transfer and private investment. The government transferred risk to the private sector and private companies risked losing their investment… View Article

They don’t pay taxes in Surrey? Who knew?

Feb 12, 2009
Transportation Minister Keven Falcon had letters to the editor this week in both the Vancouver Sun and the Times Colonist saying, “The new Port Mann Bridge will not cost taxpayers a dime.” He was saying that the bridge will be paid for by tolls but he seems to have forgotten that people who cross the… View Article

Time to Pee on P3’s

Feb 1, 2009
Maybe it’s the Baja sun; perhaps it’s the tequila I’ve been forced to drink down here. But I just cannot understand the Vancouver Sun’s angst about the province financing one-third ($750 million) of the Port Mann project. The simple fact of the matter is that provincial government financing will reduce the tolls and/or taxes required… View Article

The utter stupidity of P3s in BC

Jan 30, 2009
For the “we told you so” file. The BC government has been insisting on P3s (so-called “public-private partnerships” where the private sector builds and operates infrastructure) all over the province. We at the CCPA have consistently argued that this practice is foolish: more complicated, more expensive, and leaving taxpayers holding the bag if anything bad… View Article

Forensic auditors say P3s expensive, biased and secret

Jan 29, 2009
So who are you going to believe about public private partnerships (P3s)? One side of the debate says they’re swell. They save money for taxpayers, they come in on budget and they transfer risk from governments to companies. But other people say details are kept secret from the public and that in fact they cost… View Article