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Could BC’s P3 projects be in trouble with the current financial crisis?

first_imgPublic Private Partnerships could be in trouble with the current financial crisis. The Vancouver Sun has published an article which shows several of BC’s privately financed public infrastructure projects are connected to international lenders who are facing serious problems. The new Fort St. John Hospital is one of those projects.  The plan is to start construction on the new hospital this year with it being completed by 2011.  The Vancouver Sun says one of the initial equity partners in one of two consortiums, Babcock had to be bailed out by a company called Bilfinger Berger.   – Advertisement -Babcock is an Australian based investment firm, that saw 98 per cent of its market value disappear because of the credit crunch.  On January 8th the company temporarily halted the trading its stock.   In the second consortium a South African investment bank Investec is involved in a multi-million-dollar lawsuit.  The lawsuit alleges wrongdoing in the selling of shares by an associated company whose CEO was later murdered. For more on this story Click Here and read the full article from the Vancouver SunAdvertisementlast_img read more


first_imgAnne Marie and Natasha after their superb runs. Pic by Gerry Farnan.Another chapter in the resurgence of Lifford AC was written yesterday in the Phoenix Park, Dublin when Senior athletes Ann Marie McGlynn and Natasha Adams had two outstanding runs to claim Irish vests for forthcoming international meets.The Gerry Farnan event marks the opening of the Irish Cross Country season in which Ireland’s leading senior, junior and masters cross country runners participate. The double European cross country champion of 2011 and 2012, Fionnuala Britton, commenced her seasons by winning the Gerry Farnan in each of those years and yet again, Britton was in action yesterday having just returned from altitude training in France.It was in a field of this class that both McGlynn and Adams took to the starting line.In McGlynn’s case, a top four berth would secure selection to the Irish team for the Lotto Cross Cup in Antwerp, while Adams knew a top four placing in her Masters event would secure a first Irish vest for the upcoming international in Wales.In recent months, all the superlatives have been written about Lifford AC athletes and their performances and progress. However, yesterdays race by Ann Marie and Natasha was simply outstanding from start to finish. Fionnuala Britton, as expected, led straight from the gun and opened up a big gap early in the race. While a group of up to ten runners tried to keep with Britton’s blistering pace, Ann Marie ran a composed race off this chasing pack.As the race progressed, Ann Marie worked her way through the field and on the last lap, dug deep into her reserves to pick the front runners off one by one to work her way through to a fourth placed finish behind internationals Britton, Sara Louise Tracey and Laura Crowe.This secures an international vest for Ann Marie, certainly turning back the clock to such appearances many years ago, and showing she is coming back to her very best.While Ann Marie ran a composed race, the same could be said of Natasha Adams, whose consistent pace was evident throughout the race.Going into the race, Natasha would have settled for a fourth place in the Masters.However, after her front running Masters victory in Donegal last week, Natasha showed her fearless nature by mixing it not just with the Masters, but with the top class senior opposition in this race. From an early stage, Natasha led the Masters race with Kilmore’s Jackie Carthy not far behind. Going into the last lap, Carthy closed the gap on Natasha, but with about 800m to go, the Lifford girl put some distance between the two to claim the Masters title and a well deserved first Irish vest.A thoroughly satisfying day out, great to see the Lifford vest at the forefront of such a high quality race, and fingers crossed for even better days to come.LIFFORD ATHLETES SECURE IRISH TEAM BERTHS WITH SUPERB RUNS was last modified: October 21st, 2013 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:athleticsCross CountryIrelandLIfford AClast_img read more