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P3 Alert - Summer 2004

Campbell’s push for transit P3 fails

Jun 24, 2004 11:24 AM Despite premier Gordon Campbell’s offer to assume cost overruns and ridership risks, the deal to build the Richmond-Airport-Vancouver P3 transit line was voted down for the second time last week.

Brampton hospital’s costs balloon

Jun 24, 2004 11:27 AM The budget for the new P3 hospital in Brampton has gone from $165 million to $325 million to $550 million. And the consortium slated to build and operate the hospital is asking for an extra $22 million before closing the deal.

Saskatoon studies P3 toll bridge

Jun 24, 2004 11:28 AM If increased federal funding to cities doesn’t materialize, cash-strapped Saskatoon is planning to build a new bridge as a P3.

Alberta to finance P3 courthouse

Jun 24, 2004 11:30 AM The Alberta government has backed away from a proposal to privately finance a new super courthouse in Calgary.

BC’s privacy commissioner looks into US Patriot Act

Jun 24, 2004 11:31 AM The BC privacy commissioner is asking the FBI and the US Attorney General to clarify the implications of the US Patriot Act on Canadian information handled by American companies.

Klein promises to fund new Calgary hospital

Jun 24, 2004 11:32 AM As the anticipated fall provincial election draws near, Alberta premier Ralph Klein has said the province will fund a much-needed hospital in the south of fast-growing Calgary.

Ontario passes Bill 8

Jun 24, 2004 11:33 AM After months of protests, the Ontario government passed Bill 8 on June 7.

P3 CEO: I work for shareholders

Jun 24, 2004 11:37 AM “I’m here for our patients, but I work for our shareholders,” says Jay Grinney, CEO of HealthSouth Corp.

Fiasco in UK’s privatized transportation

Jun 24, 2004 11:40 AM The National Audit Office in Britain questions whether the partial privatization of the London Underground is good value for money.

Huge payouts to end privatization contracts in UK

Jun 24, 2004 11:42 AM Higher borrowing costs, built-in profit margins, and now a big bill to end contracts have taught Britons privatization is nothing but a bad deal.

World Bank: Privatization hits the wall

Jun 24, 2004 11:43 AM A recent report by the World Bank confirms that privatization has failed to address the needs of the poor worldwide.