In the News Detail

2008   |   2007  

Nick Williams and Andrew Fleming of the Business Law Group discuss in EuroWeek magazine the trend towards private-public partnership loans maintaining its status as Canadian investors' favourite assets.

Excerpt

"The turmoil in financial markets isn't having a major impact on the PPP market, which many of the provinces are embracing," says Nick Williams, a partner at Canadian law firm Ogilvy Renault in Toronto. "They know they need more efficient ways of delivering infrastructure."

"Canadian banks initially tended to be less active in PPP," says Andrew Fleming, a senior partner at Ogilvy Renault. "Foreign financial institutions, especially European ones, were more used to these types of deals and had more expertise. And Canadian banks aren't the fastest movers into any market space. But if they decide to go after this market in a big way, they could easily swamp foreign banks."

This has not yet been the case, but domestic lenders are growing their market share, typified by the presence of RBC on deals such as the Edmonton Ring Road and the Autoroute 30 in Quebec.

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