Emakpor, Tobor
Osler, Hoskin
& Harcourt LLP
(416) 862-4268
temakpor@osler.com
Mr. Emakpor's experience
includes leading P3 projects
acting for equity sponsors,
lenders, procuring author-
ities and subcontractors in
Canada, the UK and West
Africa with an emphasis on
the transportation, health
care and education sectors.
Fairey, Peter D.
Gowling Lafleur
Henderson LLP
(604) 891-2266
peter.fairey@gowlings.com
Mr. Fairey has a 33-year
diversified corporate/
commercial private M&A
practice including PPP
across many sectors. His
over 25 PPP mandates
span port, highway, data
services, corrections and
social/hospital projects.
Fews, Stefan
Stikeman Elliott LLP
(514) 397-6493
sfews@stikeman.com
Mr. Fews focuses on com-
mercial real estate, secured
financing and JVs. He acts for
pension funds and institu-
tional investors in negotiat-
ing and structuring partner-
ships and other entities
for real estate transactions
in Canada and abroad.
Emes, Aaron S.
Torys LLP
(416) 865-7669
aemes@torys.com
Mr. Emes practises extensive-
ly in the areas of infrastruc-
ture and energy, M&A and
project development, includ-
ing having worked in the
electricity and nuclear sec-
tors virtually his whole career.
Feldman, Michael K.
Torys LLP
(416) 865-7513
mfeldman@torys.com
Mr. Feldman's practice fo-
cuses on corporate and com-
mercial law, with an emphasis
on structured asset-backed
financing, securitization,
private M&A, capital mar-
kets, secured lending, aircra
financing and derivatives.
Finlay, QC, David G.
Bennett Jones LLP
(780) 917-5236
finlayd@bennettjones.com
Mr. Finlay acts in the
acquisition, development,
leasing and financing of
commercial and industrial
real estate developments.
He also advises on corporate
and governance issues, and
counsels public and private
clients in the health sector.
12
|
MUNICIPAL P3S
LEXPERT
®
RANKED LAWYERS
In fact, municipal P3s differ greatly from
their larger brethren in various ways, say
lawyers in the field. ere is oen a wide
disparity in credit worthiness among mu-
nicipalities, multiple levels of stakeholders,
a high level of public scrutiny and a lack of
consistent, commoditized documentation.
Still, all of these challenges invite new and
creative ways to adapt the P3 model.
"Currently, we're seeing a growing
number of municipal P3 projects moving
forward through the procurement and
construction process, over 20 at present,
in many parts of the country, and in many
sectors," says Mark Romoff, president and
CEO of e Canadian Council for Public-
Private Partnerships (CCPPP). He cites
the Saint John Safe Clean Drinking Water
Project, Pan-Am Athletes' Village in To-
ronto, Confederation Line LRT in Otta-
wa, Saskatoon North Commuter Parkway
and Traffic Bridge Replacement, and the
Surrey Biofuel Processing Facility as cur-
rent examples.
According to Romoff, there are now
225 P3 projects across Canada with a value
of over $72 billion among those that have
"WHAT LENDERS TO THESE [MUNICIPAL]
PROJECTS ARE LENDING ON IS BASICALLY
THE CONTRACTS. THE PROJECT COMPANY
DOESN'T OWN THE ASSET, AS THAT ASSET
IS STILL OWNED BY THE PUBLIC. SO LACK OF
CONSISTENCY AMONG THE DOCUMENTATION
CREATES HIGHER BID COSTS, AS WELL
AS REQUIRES MORE DUE DILIGENCE
ON THE PART OF THE PRIVATE SECTOR."
– Catherine Doyle, Blake, Cassels & Graydon LLP
