12 LEXPERT
|
2019
|
WWW.LEXPERT.CA
PHOTO
COURTESY
OF
THE
CANADIAN
COUNCIL
FOR
PUBLIC-PRIVATE
PARTNERSHIPS.
WITH AN INTERNATIONALLY recognized
model for public-private partnerships and no short-
age of projects, the Canadian infrastructure mar-
ket is going strong with no signs of abating.
Making long-term projects possible is long-term
finance and debt.
"It's typical that the life insurance companies are
engaged in providing long-term debt for these proj-
ects … while long-term financing is also made avail-
able through institutional investors, private equity
and so on," says Mark Romoff, President and CEO
of e Canadian Council for Public-Private Part-
nerships, from his Toronto office.
Public-private partnerships by their nature tend
to be long-term, created for infrastructure projects
such as public transit and hospitals, and "the pri-
vate sector takes on responsibility for designing
an asset like a hospital building and arranging for
FINANCING LONG-TERM PROJECTS
By Elizabeth Raymer
FINANCING
Canadian
infrastructure
projects attract
international
investors, as the
market shifts
from facilities
and roads toward
transportation and
transit projects
