ABOUT PEI
PEI is the leading financial information group dedicated to the alternative asset classes of infrastructure, private equity and real estate globally.
Two things set PEI apart. The first is our global remit. The industries we cover are inherently international and resolutely cross-border, and can only be covered effectively by a publishing company that can connect with them in every market and in any time zone. That's why PEI has offices in London, New York and Singapore, with a dedicated team in each location - allowing us to identify and analyse the market's big picture trends.
The second and most important difference is the quality of our news, insight and intelligence. Our market-leading publications include Infrastructure Investor and www.infrastructureinvestor.com. Our agenda-setting conferences attract the industry's top players from across the world. Our library of books, directories and databases provide vital know-how and analysis on fundamental aspects of alternative assets.
|
|
Report Editor: Senior Editor: Contributor: Editorial Director : Editor-at-Large: Senior Writer: Reporter: Special Projects Manager: Head of Production: Design & Production Manager: Subscriptions & Reprints: Sales and Marketing Director: Group Managing Director: Co-founders: Published by PEI Media. www.InfrastructureInvestor.com
| Go north In 1851, As legend has it, an American newspaperman named John Soule famously told his countrymen, "Go West, young man", for that was where opportunity and prosperity was to be found. In the late 2000s, taking a cue from Soule, Europe's public-private partnership (PPP) investors went west in search of riches in the US. Finding few opportunities - and many liabilities in the form of broken deal fees and idle office space - the time came for a strategic rethink. They realised that perhaps a more apt direction would be to head north. For Canada is fast becoming a land of opportunity for PPPs - looking poised to outgrow both its tutor in the UK and its toddler cousin in the US. As the leaders of the country's foremost PPP programmes in British Columbia, Québec, Ontario and Alberta point out, they've got a steady pipeline of projects that will need financing. Moreover, they tend to stick to their guns: once a decision has been made to bring a project to conclusion, there is very little danger of it going the way of the US' failed 2008 Pennsylvania Turnpike lease. In Canada, deals close: consistently and often. And the latest tool for helping PPPs reach completion - the $1.25 billion PPP Canada Fund - is now up and running, encouraging for the first time numerous municipalities to consider PPPs as a way to deliver their infrastructure. There is now growing federal, provincial and municipal awareness of the benefits of infrastructure procurement with the help of private capital. Combined with a buoyant bond market and a growing base of equity players and institutional investors interested in the country's PPP sector, you have a solid recipe for a PPP market as attractive as any in the world. In this intelligence report, you will find plenty of compelling evidence of the progress Canada has made in the PPP sphere. For example between pages 12 and 15, we focus on the work of provincial PPP organisations and, from page 23 to 26, we feature case studies of some of the most high-profile projects undertaken so far. We also have interviews with the likes of James Flaherty, Canada's Finance Minister (p7); John McBride, chief executive of PPP Canada (p9); and Cynthia Robertson of the Canadian Council for Public Private Partnerships (p27). And much more besides. After examining all the evidence in the pages that follow, you will likely conclude that "Go North, young man" is a sensible instruction.
Enjoy the report, Cezary Podkul
|
