16 LEXPERT
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2019
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WWW.LEXPERT.CA
Jackson, Richard J. Stikeman Elliott LLP
(604) 631-1357 rjackson@stikeman.com
Mr. Jackson is the Managing Partner and former Head of the Real Estate Group
in Vancouver. His practice emphasizes large commercial and residential real
estate transactions, including advising on all aspects of major multi-use real
estate development projects. His practice also includes acting for the Province
of British Columbia on all four modern-day land claims treaties
with First Nations.
Imerti, Vince F. Stikeman Elliott LLP
(416) 869-5555 vimerti@stikeman.com
Mr. Imerti is a partner in the Real Estate, Private Equity and Tax Groups. His
practice focuses on domestic and cross-border corporate, trust and partnership
matters. He has extensive experience forming funds and structuring, negotiating
and implementing direct and indirect infrastructure, real estate and private-
equity investment transactions for both Canadian and international clients.
Hudec, Albert J. FARRIS LLP
(604) 661-9356 ahudec@farris.com
Mr. Hudec is an M&A and securities practitioner with 30+ years experience
in cross-border mergers & acquisitions, public- and private-equity and debt
financings (including bought deals and tax-incentive financings), corporate
governance and board and independent committee representation. He also
practises extensively in the area of Aboriginal law, leading consultations
on major resource projects.
Howe, Robert Goodmans LLP
(416) 597-5158 rhowe@goodmans.ca
Mr. Howe practises infrastructure, administrative and regulatory law,
emphasizing municipal and land development matters. He focuses on all
aspects of land development for private- and public-sector clients throughout
Ontario, especially the financial aspects of land development, including the
financing of significant public infrastructure projects and development
charge matters.
Holmstrom, Jon J. Fasken Martineau DuMoulin LLP
(416) 865-5125 jholmstrom@fasken.com
Mr. Holmstrom's practice is focused on corporate and commercial banking
transactions, cross-border acquisition financing, project finance (mining, wind
power and infrastructure), derivative products, corporate loan workouts and
restructurings and securitizations. He provides strategic advice to both financial
institutions and commercial borrowers across a multiplicity of industries.
Helmstadter, Jane C. Bennett Jones LLP
(416) 777-7470 helmstadterj@bennettjones.com
Ms. Helmstadter acts for real estate, natural resources and renewable energy
clients in domestic and cross-border transactions. She advises on matters
related to real estate: acquisition/disposition, financing and structure of
ownership vehicles. She assists clients in transactions involving office,
retail & industrial property, multi-family residential developments
and renewable energy projects.
LEXPERT-RANKED LAWYERS
vestment by the Infrastructure Bank and CDPQ
Infra completed the $6.3-billion financing of the
Réseau express métropolitain (REM) light rail in
the Montréal area through an "ultra-low interest-
rate loan."
e Bank's mandate is to provide grants or loans
to finance large public infrastructure projects,
helping to attract investors by absorbing some of
the financial risk. In June, the federal government
announced that the Bank would help to develop
Via Rail's multibillion-dollar high-frequency rail
project between Toronto and Montréal, at least in
financing further studies for the project.
And a discussion is starting as to who is the ap-
propriate payor for infrastructure, says Bain. Tra-
ditionally the payor would pay for facilities such
as hospitals, and users of infrastructure such as
toll roads, power and water systems. ere may be
a little more user-pay in future, he says, in part as
consumers expect to pay something for their tran-
sit and utilities.
"We had a long run of projects that were fi-
nanced purely by government, such as power
plants, and then other projects that were largely
privately financed on the back of government's
commitment to pay," such as hospital projects, he
says. Canada has now gone from this binary model
to a hybrid one, blending private and government
finance. is includes telecommunications proj-
ects in ex-urban areas, which are underpinned by
a public policy imperative "to make sure everyone
has good internet.
"ose sorts of projects have some revenue asso-
ciated with them, but the Bells and the Teluses of
the world aren't going to build their own systems,"
Bain points out. "e solution to those kinds of
projects is some kind of government subsidy or
contribution" to make the project viable finan-
cially, particularly, for example, in more remote
regions with a smaller pool of users.
e government-funded model may be less
popular for shorter-term projects, where in Brit-
ish Columbia, at least, there has been a slight
shi in the market towards the design-build, or
build-finance model where there is no long-term
component to the infrastructure projects, says
"P3 IS A VIBRANT
MARKET. WE'VE SEEN
THE ENTIRE WORLD
LAND ON THE CANADIAN
DOORSTEP TO GET
A PIECE OF THAT
MARKET."
Mark Bain; Torys LLP
