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Partnerships BC
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The enormous cost of public-private partnerships
Three recent BC public private partnership (P3) hospitals developed in co-operation with the province’s Partnerships BC (PBC) will cost the public $260 million more than…
13 years on, BC Finance Ministry finds big problems with its public private partnership program
The BC Finance Ministry has produced a report much more critical of Partnerships BC and its activities around public private partnerships (P3s) than might have…
Britain and British Columbia now moving in different directions on P3s. BC taxpayers may be the losers
A dozen years ago when Gordon Campbell’s newly elected British Columbia government decided it wanted to build its infrastructure with public private partnerships (P3s) it…
How the rules got fiddled to make sure a public private partnership got pushed through
In 2008 British Columbia’s controversial public private partnership (P3) program was in trouble. With P3s private companies put up financing for public services and infrastructure…
Suspicion about private finance schemes growing in the UK
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…
How flipping equity in P3s boosts profits and ends up with the projects being run from Channel Islands tax havens
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…
Problems for the South Fraser Perimeter Road P3?
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…
BC opens door to private jails
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…