Lawyers love public-private partnerships
Behind maturing, growth industry is Canada's desperate need for infrastructure renewal.
by Julius Melnitzer, Financial Post
May 14, 2008 — Lawyers love public-private partnerships, known as P3s. And the reason is simple: "The credit crunch and weakening economy have had barely any impact on P3 activity," says Nicholas Williams of Ogilvy Renault.
To be sure, there are fewer banks — some beset by their own capitalization problems — looking for a piece of the action than there were a year ago.
"Pricing is on the upswing and credit terms are significantly more difficult," says Ian Bendell of Davis LLP.
Still, the appetite for and growth of the P3 phenomenon hasn't stalled. . .
Links and sources
The P3 boom: Legal Post special report, by Julius Melnitzer, Financial Post, May 14, 2008
Posted: May 14, 2008
Voices of privatization
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