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British Columbia bridge P3 collapses
http://www.bclocalnews.com/surrey_area/surreyleader/news/404...
Submitted by
northvank
9 months, 5 days, 17 hours agoPrivate financing out in bridge project
#1 - By northvank, 9 months, 5 days, 17 hours ago.
BC's P3 boss Larry Blain admits cancelling the P3 will save $200 million
#2 - By anxora, 9 months, 5 days, 10 hours ago.
I have been following this project for a long time, it seemed that the private consortium was going to get financing for it at the beggining, then they were supposed to share it with the BC government and now the government has taken it over.
This is a huge collapse and I´m very surprised that Macquarie was not able to get the money, they have a lot of experience doing it. Flatiron and Kiewit still get the construction contract so for them it´s ok, but Macquarie is the biggest loser of the deal. #3 - By northvank, 9 months, 4 days, 2 hours ago.
I don't thnk its just Macquarie. A lot of others like Babcock and Brown are also having problems.
#4 - By anxora, 9 months, 4 days, 2 hours ago.
yes, Babcock&Brown is also having too much trouble, although theirs problems are even worse. They don´t have money to invest anymore and their goal now is to sell as many assets as they can...
Australia investing companies have many financial problems. But we have to take into account that the Port Mann deal was a huge one and with the current situation was not an easy one! |
