Public risks, private profits

Source: Canadian Union Of Public Employees (CUPE) and the Polaris Institute, 2014

….The Public risks, private profits series shines a spotlight on water and wastewater services corporations who may bid on Canadian P3s. The profiles provide overviews of corporate structures and governance, lobby activity, past and present P3 contracts, and background on legal troubles or controversies.

The companies being profiled are diverse, ranging from international corporations to smaller Canadian-based financers and contractors. All have been identified by federal P3 promotion agency PPP Canada as likely bidders on Canadian water and wastewater P3s.

The Public risks, private profits series is an important tool for communities challenging P3s. Pressure to privatize is mounting, with federal crown corporation PPP Canada targeting municipal water systems, and the Conservative government’s Building Canada Fund forcing all infrastructure projects worth $100 million or more to be screened for P3 suitability.

The first profile exposed the controversial track record of SNC-Lavalin Group Inc. Future profiles will include Bilfinger Berger, Black & Veatch, CH2M Hill, Epcor and Suez. All are corporations identified in a PPP Canada-commissioned study on Canada’s water and wastewater systems…..

Profiles include:
Corporate profile: Black & Veatch eyes Canadian water P3s
Corporate profile: Veolia P3s put public water at risk
Corporate profile: Bilfinger Berger avoids taxes on its P3s
Corporate profile: Public interest at risk for SNC-Lavalin’s profits