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May 21 2008
With significant experience on major project financing and public-private partnership deals in Canada and abroad, Charles Spector, Managing Partner of our New York office and Doug Younger, Co-Chair of our firm’s P3 Group, have watched closely as public-private partnerships become an acceptable and often preferable method to restore and replace Canada’s aging infrastructure.

"In terms of financing public infrastructure, public-private partnerships are going to be the wave of the future, the reason being that much of Canada’s infrastructure was built in the ’50s, ’60s and ’70s and is nearing the end of its useful life. Infrastructure demands are in the billions of dollars," Doug points out. Following British Columbia’s lead, several provinces, including Ontario, Québec and Alberta have used public-private partnerships to finance highways, hospitals and courthouses.

FMC is particularly well-positioned to act on infrastructure and project finance activities across the country. "Each of the firm’s offices actually has a long history in project finance acting on behalf of lenders, developers, sponsors, and borrowers…our strength in Canada resides in the fact that we have had the ability to leverage the skill set from each of our offices into a combined knowledge and competency which we believe is the finest in Canada," notes Chuck.

The Metropolitan Corporate Counsel interviews Chuck and Doug on Canada’s project finance and P3 history in, "Canada’s Public-Private Partnerships, an innovation whose time has come" (The Metropolitan Corporate Counsel, May 2008, pg. 35).

Click here to view interview.