April 30, 2013
Leading infrastructure partner Mark Bain weighs in on the burgeoning possibilities for the P3 structure in Canadian infrastructure projects in this article from the Financial Post. Below is an excerpt.
The public-private partnership (P3) model for building infrastructure has made inroads into provincial projects such as hospitals and schools.
Now, municipalities are the targets, legal experts say, as Canada’s growing P3 industry looks to evolve and expand its reach. Sitting in the bulls-eye are water and waste treatment facilities.
"I think the market is evolving," says Mark Bain, an infrastructure and project finance lawyer at Torys LLP in Toronto. "I think we are getting away from big provincial hospital projects to different kind of projects at different levels. Water needs a huge capital investment."
However, with an election in British Columbia and a new government in Québec — a province that is also probing corruption in the construction industry — questions remain whether the P3 push into new infrastructure areas will stall.
To read the full article, click here.