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4 I Editorial

SPIHE AST OF THE LASCanadian P3s have come a longway since the building of the Cana-dian Pacific Railway in the late 1880s.While it is true that Great Britain's for-mer Prime Minister, Margaret Thatcher,i s general ly considered the inventor ofP3s, surely our own national railway wasa . contender.And while the accomplishment ofbuilding the CPR may be impressive,the ways and means by. which it wasbuilt were not. It was rife with corrup-tion, scandal, and WOrst of all, Starvationwages and deathly danger for the work-ers.A successful country no longer buildsits infrastructure that way. Corporationsworking with governments and inves-tors must work through various "con-structions before the project iseven ini-tiated. Likewise, the steps from projectstart to finish are complicared. At eachand every stage, we have come to needexcellent lawyers,Infrastructure isn't irself a legal "prac-tice area (such as Corporate, Insol-vency; ..). However, law firms servingbusiness clients have organized "practice

groups" of lawyers with vaence and skill sets, to work tdeals with you.Infrastructure legal spectend to go global. In otherects in other countries ofrom the multi-practice apCanadian law firms bring toSo how do you find theada's Inh astrucrure lawyerifyou are seeking from elsterral, most definitely, is ahow these lawyers move fromproject to completed projecin the increasingly formalizeP3s, a ranking system basedveys can be a vital source othat these.are the lawyers toThose listed here are Lelawyers. This means that thdicated on our surveys thatrecommend these colleaguesnificant recognition - espthat Lexpert has an 80 per crate to its peer surveys.\\7e refer you to this Lexpeit may well help avoid certaithe past.

Lexpert Ranked Lawyers

Ackerley. Glenn W. Ainley, William M. Allen, Michael S. Alter, Matthew R. Anderson, Garth Apps, WWeirFoulds LLP Davies Ward Phillips & Stikernan Ell iott LLP Borden Ladner Gervais Blake, Cassels & Fasken(416) 947-5008 Vineberg LlP (604) 631-1346 LL P Graydon LLP DuMoulingackerley@weirfoulds. (416) 863-5509 mallen@stikeman.com (416) 367-6196 (403) 260-9778 (416) 86com wainley@dwpv.com malter@blg.com garth.andersQn@blak.es. aappsesta

Mr. Allen's project finance comMr. Ackerley represents Mr. Ainley practises practioe includes PPPs/ Mr..Alter practises Mr. Appsowners, contractors, in M&A. securities, infrastructure. jlnergy. construction and Mr. Anderson focuses growth atrades, suppliers and corporate governance min in9 and forestry . He procurement law, on the acquisition, mid-markconsu l tants iq his and infrastructure. He acts 10 r both fende rs and assisti ng publ ic and development and with 11glconstruct ion law practice. has been lead counsel borrowers on domestic private owne rs and financing of infrastructure well as leHis expe rti se extends to for bidders and target and international contractors with domestic and commercial real an d forecontracts, procurement, boards in numerous transacti ons, and international estate. His experience who servr isk avoidance strategies, M&A and priva te-equi ty construction and includes structuring expertiseclaims litigation and transactions, and tor infrastructure projects, DBFO P3s in the debt finaa lte rn ative dispute developers of major and with related disputes trans porta tio n s ector transactioresol ution. infrastructure projects. and litigation, including and advis In 9 o n ene rgy- formation

appeals. related infrastru ctu reprojects.

mailto:mallen@stikeman.commailto:wainley@dwpv.commailto:malter@blg.commailto:garth.andersQn@blak.es.mailto:garth.andersQn@blak.es.mailto:malter@blg.commailto:wainley@dwpv.commailto:mallen@stikeman.com

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6 1 T he Lon g R oad

Lexpert" Ranked Lawyers

Ayotte, Daniel Babinski, Marc A.

Borde n Lad n e r G e rvaisLL P( 51 4) ? lS A -3 13 3dayotte@btg:.com

Borden Ladner GsrvatsLL P( 51 4 ) 9 5 4, 2 5 66mbal:iinski@blg.com

Mr. Ayotte's practiceinc! u d ss.a s p scta Ity inlitigation, arbitration andmediation in constructionlaw and commerciallitigation. His clientsincl ude mu ltinati onals,governments, insurers,ctmtractors, engineersandrnanutacturers,

Mr. Babins ki's corpo ratecommercia l andprivate equity practiceem b r ac es a cq p isitlonsand divesti tures, jointventures, tina~cing,ln tras tru ctu re and P P p.He serves public andprivate clie nts, andspe a ks and writessxtsnsivs Iy.

Banfal, Geza Barber, ac, Darryl J. Bames, Ja in , Mark W.S .Heenan Blaikie LL P(416) 643-6968gbanfai@heenan.ca

Bennett Jones LL P(403) 298"3001barberd@benneltjones.Gam

Borden LLL P(416) 367jbarnes@b

lorysLUP(41'6) 8657349mball\@tClrYS.comMr. Bain has acted onover 40 major PP P andA FP t ransac tlons ,i nwhich he has counsel led.all p rincipa I parti es,Recent projects includeWindsor Essex Parkway,Communications SecurityEstabliehment Canadaand Women's Cal l.egeHospital.

Mr. Banlal focuseson domestic andin la r na tl o n al constructionlaw; He rep r a s e ntsall p a ru c ip a nt s I n theconstru clio n pyram id.His e xp e rie n ee in clu de sPP P and ioint ve ntu recontracts, schools, powergene ration, ai rpa r ts an dhospitals.

Mr. Sa rn includes tand f inancETR, theot CanadiaRa i tway Ccro ss-bordeoffering aon the TorRevital izat

Mr..Sarber is a lawyerand l icen sed realestate bra ker , Hislegal practice inC!udesacting for institutionalc lie n ts e xp lo ri I1g P P Pop portu n i t ies. He adv i se so~ property value .maxi m iza tion , p u r c ha sesand sales, f inancing andiDint vantures.

mailto:dayotte@btg:.commailto:mbal:iinski@blg.commailto:gbanfai@heenan.camailto:gbanfai@heenan.camailto:mbal:iinski@blg.commailto:dayotte@btg:.com

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Barrett. Roderick F.S1ikeman Elliott LLP(416) 869-5524ri:larrett@stikemart,comMr. Barrett is the flrrn 'sToronto managingpa rtne r. His p rac f c eincludes PPPs,infrastructure, projectfi nance , jo in l ven tu rssand strateg ic a ll t a n c es,with afocus on privateequity- He aIso servesas counse l on complexcontractuai matters.

Bauer , 'Robert T. Beaud'otn, YannlckDavies Ward Phillips &.Vineberg LLP(41(3) 863-5552rbauer@dwpv,com

B lake . Cas se l s &Graydon LLP(514) 982-4025yannlck.beaudoinesblakes.corn

Mr. Baller specializesin domestic andinternationalin t ras t rue tu re projects,PPPs, project linancing,development andj oi n t ventures. Hi'se xp e rt l s e includesh osplta Is, tol l roads,urban redevelopment,and government andm lxsd-u se projects,

Mr. Beaudoin's pracficsembraces ,Intrastruct U re,reaJ estate, financialserv ices and structu redfnance, His cI isntsinclude financialinsti tutions, and asset-based Ien de rs andborrowers in secured,un se cu red, syn dicatedand project financing_

T he Lon g

Lexp ert Ran ked Law

Beaumont, ,Robert D_ Bennett, Chris B~rtoldi, LindOsler, Hoskin & HarcourtLLP(416) 862-5861rbeaumont@osler,com

McMil la ll LLP(416) 865-7858chris, bennetl@mcmillan.ca

Borden Lad n8LLP(416) 367-6647Ibertoldi@blg,co

Mr. Beaumont, alsoan eng ineer, 'focuseson infrastructure,P P P , con s tru ctl o n andprocurement I'aw,Hisclie n ts inc Iud e owne rs r-developers, contractorsand lenders, His;i n f ra s tr u c fu r e e xp e ri e neeembraces power andtr an sp o r ta ti on f ac l I ities.

M r_ Bennett's pracdcsfocuses on projec\f inance with an emphasisani n t ras t ru c tu reandPPPs, His experienceincludes acf ng fordevelopers andfunders .on major socialand transpo rtati oninfrastructure prcjects inOntar io, Alber ta and BG_

Ms. BertOldi'spractice embraproject oeve Iopand structu rlngconstructlonconrisk assessmenlinance; regulatissu e s: and popurchase, enerto IIing, and opeand maintenancagreements.

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8 I T he Lon g R oadBring up the subject of Public-Private-Partn ersh ips (P3s) -: an alternativefinancing source and delivery model forpublic infrastructure - and you're sureto get an earful. Proponents advocate atlength about its benefits; detractors feelequally strongly about what they perceiveas the disadvantages of the process.

Yet almost everyone will agree on onepoint": in the case of the "P3" model, theprocess from initial Request For Proposalto shovel in the ground is often lengthy."P3s start with a lot of baggage atthe beginning of the process;' explainsStephen Messinger, a partner 'in theCommercial Leasing Group at MindenGross LLP, in Toronto. "These are large,expensive and, moreover; long-termdeals;' he says."You don't build a hospital, bridge ortoll road for a short period of time. Inaddition to deciding how the projectis financed, who will build it, there arelong-term issues mat can extend 20, 25or 30 years to agree on; he says. ''As an .example, it needs to be decided who willoperate the asset and who owns the assetat the end of the term.""It's a fact of life that the P3 procure-ment process is lengthy;" says DanielFerguson, Co-Chair of the Infrastruc-ture and Public Projects Practice Group

at WeirFoulds LLP in Toronto."The complexity of the projects, andthe public nature of the projects, givesrise to a tremendous amount of ac-countability and transparency on thepublic sector's side;' he says. "Theseprojects really do require both the publicsector and the private sector to be verycognizant of the pressures imposed oneach of them in each of their respectivegoals."

The use of theword 'pa rtnership 'is more akinto the word'collaboration.'

Historically, typical govecureraenr involved solicitibuilcling a project, says Mcdiscussions were very straThe government said, 'Tell mit.will cost to build this bridbids and made a decision," SOver time, public-sectorknown as "design/build;' epublic sector wants a lOover a river and asks the privdesign it and 'tell us what itexplains. "In this case, theis gaining the innovation osector."But the P3 procuremenmuch more complex, aincludes an operatingMcKenzie, "adding anotherplexity to discussions and n

Nomenclature confusionPerhaps it is the nomenbelies the collaborative nprojects, suggests BradleyCo-Chair with Ferguson oLLP's Infrastructure and PuPractice Group. "The very u'partnership' in the term 'p

pannershipis misleading;"There is no legal partnersthe public sector and the p

Lex pert R anked Law yers

Collaborative process"By their very nature, P3s are designedto be a collaborative process;' says MariaMcKenzie, a partner in the P3 Groupat Farris, Vaughan, Wills & MurphyLLP. The goal, says the Vancouver-basedlawyer, "is to figure out the best risk allo-cation between the public and the privatesector."

Bogaty, Jane Booth, ac, RobertT. Borsook, LisaA. Boudreault, Deflis Bouvette, Sylvie Brossard,Fraser Milner Casgrain Bennet t Jones LLP WeirFoulds LLP Blake. Cassels & Borden Ladner Gervais Miller ThoLLP (403) 298-.3252 (416) 947-5003 Graydon LLP LLP (514) 871(514) 878-5846 boothb@bennettjones. Iborsook@Weirfoulds. (514) 982-4004 (514) 954-2507 cjbrossardjane.bogaty@fmc-Iaw. com com denis.boudreault@ sbouvette@blg.com rnillerthomcom blakes.com com

Mr. Booth's commercial Ms. Borsook repre sents Ms. Bouvette representsMs. Bogaty's domestic p racti ce focuses on local and international Mr Boudrsault, who is se IIsrs, purchasers Mr. Brossaand cross-border energy and resources, landlords, tenants and fluently bilingual. focuses and joint venturers in constructiofinancial services servihg clien ts in the corporate c lients in on M&A, commercial her rea l esta te and covers allp racti ce involves a wide oil and gas, pipeline, her leasing. property agreements and prope rty development includingvari ely of Ii nanc ings. LNG, mining, electric development and fi na ncl ng in connecti on practice. She has negotia tjoShe -advises corpo rate power and energy uti li ty business law practice. with private equity special expe rtise In issues relborrowers, individual businesses He advises Her experience and venture capital the development and for bids, rlenders and lending on purchases and sales. embraces retail, investments, partnerships fihancing of hydro and proposalssyndicates, She also business creation and ind ustrial , off ice, 9rou nd and strategic alliances. wind farm projects, as of contractcounsels equipment joint ventures. lease and brownlields well as bu siness plants. preventi onmanufacture rs and matters. of confl ic tsdistributors. litigation o

mailto:jane.bogaty@fmc-Iaw.mailto:denis.boudreault@mailto:sbouvette@blg.commailto:sbouvette@blg.commailto:denis.boudreault@mailto:jane.bogaty@fmc-Iaw.

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in a public-private partnership;' saysMclellan. "The public sector certainlywould not want to bein asituation wherethere is a legalpartnership, b.ecausethatwould mean that the public sector couldvery well be responsible for liabilitiesincurred by the private sector in theordinary course of the development oroperation of the asset,"he says."Instead, the use of the word 'partner-ship' ismore akin to the word 'collabora-tion' and simplyrefers to the fact that theprivate sector and the public sector arecollaborating on a project and allocatingproject risksbetween them."Calling the P3 process a "very delicateand intricate dance;' Messinger suggeststhat "perhaps the 'P3' process should berenamed 'P4; with the fourth 'P' being'politics.'''1don't necessarilymean capital 'P' or'P' with a problem," he says."But therehas to be an acknowledgment that thereis sensitivityin the process sincegovern-ment is involved and that can add to thelengcll of the process."Many participantsThe P3 process involves much morethan simply one or two public- andprivate-sector partipants, explainsMcLellan. "Often there are different

levels of government involved; forexample,a municipality receivesfundingfrom the provincial and/or federal gov-ernment. There can be a number of pri-vate-sector entities involved, includingprivate financing. Stakeholderswill wantto have their input heard too; public-sector unions who will want to know theimpact on their members,"he says.

Perha ps th e 'P 3'p rocess shouldbe renamed 'P4,'w ith the fourth 'P 'being 'politics.'

T he Lon g R

into the political process with itsfive-yearelection cycle;' saysMc"It can be a hard sellfor governmexplain what it believes are theof structuring a project a certathat being through the P3 procea 30-year timeline,'Stephen Messinger agree~: "Tprocess has to be absolutely perfgovernment does not want to blenged later,"he says.Shorten timelinesStill, Messinger believes that aP3 projects come onsrream, the rin getting the deal done will short"The more the parties are expein doing these types of transactilearning curve will shorten;' hethe government of Ontario wbuild a toll road with one of theentities, or with any other grolawyers involved will likely hasome experience and the detoursprocesswill be overcome."Consequently, "while the coities in putting together the deal mlessen, the ability to deal with thhopefully be reduced: he says.

"Allthese aspects have to be carefullythought out and a propet balance[struck] between the public-sector re-quirements and the practical realitiesof the project from an economic pointof view," he says. "Through all of thisprocess, there has to be transparency;there are a lot ofparties; alot of contractsand everyone has to be protected."P3 projects are "a challenge in thatthey are long term and don't fi t nicely Be u C l i f t I ' is { l _ fr e e L m c e Y I i J i il e ., ; ,l lui l e g a l t t j f o it lNd e d i t o r In J O},IJlItO.

Lexp ert Ranked Lawy

Brown, Linda G. Buchanan, ac, Burrell, QC, Keith E. Bursey, David Callaghan, Frank S. Carrier, JeanDouglasB.

McCarthy Tetrault LLP McCarthy Tetrault LLP Bull. Hous$er & Tupper Borden Ladner Gervais Stikeman Elliott L(604) 643-7191 Davis LLP (604) 6437939 LLP LLP (514) 3973101Ibrown@mccarthyca (604) 6432907 kburrell@mccarthy.ca (604) 641-4969 (416) 3676014 jcarrier@stikeman.

dbuchanan@davis.ca dwb@bht.com fcallaghan@blg.comMs. Browri's financial Mr. Burrell focuses Mr. Carriersservices practice Mr. Buchanan, formerly on commercial real Mr. Bursey's regUlatory Mr. Callaghan's environmental. eincludes PPP and the firm's managing estate transactio ns, practice toe uses on co rporate practice and naturaI resouinfrast ruetu re I i nanci ng. partner, leads its Project development and energy, environmental focuses on project practice extendsHer mandates include Finance, Infrastructure financing. He represents assessment, water linance, securities, M&A., PPPs, infrastructuhospitals, courthouses, and PPP Group. He has local an c I offsh ore resource management corpo rate finance and' including power-dete ntlon centres, particular expertise in developers, and and First Nations law. commercial transactions. generation facilitibridges. SChools and project and infrasnucture investors. His experience He advises energy He represents domestic and project f inanchi9hways. She represen IS development and ineludes stru ctu ring companies, First Nations and foreign companies, cllents Inelude dolenders and borrowers. finance, as well as complex joint venture and natural resource shareholders, issuers, and foreign gover

banking, corporate law and partnership stakeholders, including banks and asset-basedand M&A. arrangements. industry associations. lenders.

mailto:kburrell@mccarthy.camailto:jcarrier@stikeman.commailto:dbuchanan@davis.camailto:dwb@bht.commailto:fcallaghan@blg.commailto:fcallaghan@blg.commailto:dwb@bht.commailto:dbuchanan@davis.camailto:jcarrier@stikeman.commailto:kburrell@mccarthy.ca

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Lexpert= Ranked Lawyers

Carson, La me Clark, R on Cossetta-, Sylva inM cC ar th y(416) 601acost i n@m

C l' ar k , R i ch a rd ' E, Corn~tt"Lloyd Costin, AO sle r, H os kin & Harcour tLLP(403) 260-7083Ica,son@osler,com

Sljkeman E ll io tt L L P( 41 6) 8 69 -5 54 6rclark@stikemi ln,com

Aird & B er l i8 L.LP(416) 865-7701fclark@airdberl is,com

Aird s Berl is LL P( 41 6) 8 65 -7 7 57Icornel t@aitdberl is,com

D av ie s W ar d P hillip s &V ine be rg LLP(514) B416412SCo$stte~dwpv.tom

Mr.Carson, also ane n g ,i ne e r, f oc u se son dom estic an din t e r n a t io na l p ro j se tdeve lopm en t as we llas ban k an d cap ita lrnark ets financ inq in thein t ra s t r u c l u te " e le c tr ic a lp ow er an d o th er s ec to rs.H is e xp eri", n ce e m b ra ce sm ulti-p arty a nd join tvsnturss.

M r, C la rk 's b us in es sla wp ra cllc e e mb ra ce sP PPs , i nf ra s tr u ct u re ,jo in t ve ntures and M&AH e has a broad ly base d0 1ie n te l e , r ep re se n tln gvi r t u a lly e ve ry in du str yse ctor w ith . a la rg en umb er o f in te rn at io n al'cl ients

M r, C la rk a dv is ess ta ke h old er s, r et aile rs ,d is lr i b u 1 0 rs an d .g en era to rs o rr p olic ym a tta rs inn ation a I an di me rn a tio n a l e le ct ric i Iym arke ts . H e. works onp ow e r p ro cu re m e nt s,9 8 n e r at i o n r ac i I it ie sde ve lop men ts andO nta rio 's d ean e ne rg ysl lpplyRFPs,

M r. C or ne tt c ou ns elsowners, manage rs ,lnvestors, deve lope rs ,brokers and l ende rsin r ea l e sta tem atte rs. H is w orke n ga g es c omm e rc ia ll e a si n g , a cqu is i ti on s ,deve lopmen ts ,s ale s, j oin t v en tu re s,c on st ru ct io n c on tr ac tsa nd p ro je ct m an ag em en t.

M r. C osse tte h ass ub stan tia l e xp ertise inIh e a re as 01 cross-borderm e r ge rs & a c ou i s i ti on s ,p u bi ic o ff er i n g s,CD rp orale Ii n a n e ean di n in fras tru ctu retr an sa ct i o n s , H ere p re se n ts both p u bi l ccom pan ie s an d Ii n an cla linsti tutions,

Mr. ' Cost i ne st at e I rap r ac ti c siI e a sin q, adeve lop mf in an cin g.for de ve lopl inanc ia :1in clu dingM an ag em .;C an ada aP r op e r f ie s

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Lexp ert Ran ked Law

Currie, John C. Dahme, Harry D'Amour, Normand Daoust, J.E. Dennis Dell, David A. Depelteau, JeMcCarthy Tetrault LLP Gowling Lafleur Miller Thomson LLP Daoust Vukovich LLP Torys LLP Frsser Milner(416) 601-8154 Henderson LLP (514) 871-54.97 (416) 5979339 (416) 865-8100 LLF'jcurrie@mccarthy.ca (416) 862-4300 ndamour@ ddaoust@dvlaw,com ddell@torys.com (514) 8788814harry,dahme@gowlings. millerthomsonpoiJliot. JeanPierre.DepMr. Currie's real estate corn com Mr. Daoust. formerly Mr. Dell focuses on fmc-Iaw.comtransactional practice General Counsel of commercial real estate,cove rs con struetion and Mr. Dahme has extensive Mr. Dl'\mour focuses on Cadillac Fairview infrastructure and energy Mr. Depelteau'sope rati n9 contracts, expe rtise In the lu I ' ran ge writing and negotiating Shopping Centres, projects. His experience emb races infra'f,inancing 01large and of environmental law contracts as we'll as focuses 0n retail, incl udss joint ventu res; and con structimid-scale con structl on, services, with med i ation, a rb Itration and office an d ind u strl a l project development, including contrasset management particular expertise in litigation in claims relaling leasing development, construction, operation analysis, tendeand development water and wastewater, to tendering process construction and and management; preparation, liagreements, leasing, brownfield remediation, compliance; unforeseen telecommunication lending; acquisi tion and and insurance,licensing and structured environmental site conditions, latent service access disposition; and leasing, PPP mandatesfinancing, assessment design and construction agreements. advis ing the Q

and' approvals, waste defects, government omanagement, and and A30 highwchemical registration andapprovals.

mailto:jcurrie@mccarthy.camailto:ddell@torys.commailto:ddell@torys.commailto:jcurrie@mccarthy.ca

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12 I Procurer:nentThe cornerstone of one of the world'slargest hospital projects, the $2.1-billionCenert Hospiralier de L'Universite deMontreal (CHUM), isa set of legaldocuments 12 inches thick.These are the yroject and lendingagreements, as well as the constructionand services contracts, flowing from a

procurement process that saw an inter-natioilal consortium win the contract todesign, build, finance and main min the25'0,000~square-metre building, the firststage of which is scheduled for comple-tion in 2016.The scale and complexity of thesedocuments is typical of major public-private infrastructure projects involvinga large number of parmers and serviceproviders with multiple interdepend-encies, according to Linda Brown,a Vancouver-based parmer withMcCarthy Tetrault LLP, counsel to theunderwriters RBC Capital Markets inthe CHUM project:Although these documents are not.actually cast in stone, they just as wellcould be, since they are relied upon forbond deals and other investments, as wellas construction schedules and mainten-ance -agreements, budgeting for life-cyclecosts and many other elements that mustfit together astightly asbricks and mortar.

"There's an incredible amount ofreliance on the documents as drafted,"says Gordon Willcocks, a Toronto-basedpartner at McCarthy Tetrault. "Whensome issue arises after the financial doseo r d u ri ng construction, there's a potentialfor a very big ripple effect given theinherent complexity of these projects."So what can lawyers do to preventmissteps in the procurement process thatcould lead tohavoc lata on?A lawyer's first responsibility inthe bidding process is to ensure that

A macho 'W e'vego t. to get it done'a ttitu de canc rea te h avoc.

Massicotte maintains, "Thafford to participate in a pthe wheel isbeing reinventedBut standardization canaccording to Brian Kelsall,

the Toronto office of FaskeDuMouLn LLP. He says hesituations where the standthat a government body hfor requests for proposalson a hospital project, buthighway development. 'Ihthat there is no provisiontitle risks involved in acquswath of land or for environthat could be greater than fment on one self-contained"It takes a lot of work to baround," says Kelsall, whoit may be "very difficult togovernment todepart from.process so the risk canallocated."This is an issue that Daniefamiliar with. A partner inoffice of Torys LLP, hebidders in Infrastructure Otwo pilot projects andhelped ehe provincial agebest practices for public-privships before switching basenting the private sector,

Lex pert R anked Law yers

everyone complies with rules of fairnessand transparency, says Alain Massicotte,a Montreal-based partner with Blake,Cassels &Graydon LLP.The cost of developing aproposal foramajor inirastmcture project is extremelyhigh; therefore, it is important to makethe procurement process efficient bystandardizing it as much as possible,

Deyholos, R.on Dietrich, Nicholas Dietze, Sterling H. Dodd, ac, Herbert D. Doolan, John A. Dorion. aIorys lLP . Gowling Lafleur Slikemarl Ell iott LLP Farris, Vaughan. Wills & McCarthy Tetrault LLP McCarthy(403) 776-3718 Henderson LLP (514) 397-3076 Murphy LLP (6(}4) 6437938 (418') 521rdeYhQlos@tolj!s.com (416) 369-7288 sdietze@stikeman.com (604) 661-9352 jdoolan@mccarthy.ca mdorion@

nicholas.dietrich@ hdodd@farriscomMr. Deyholos's energy gowlmgs.com Mr. Dietze's domestic Mr. Doolan has Mr. Dorionpractice engages and foreign institutional Mr. Dodd acts on PPPs considerable the firm'sintrastructure projects. Mr. Dietrich practises financinq and banking and project financings. experience in the and energHis expe rience includes corpo rate and practice extends to PPPs He represents lenders planning, -structurlnq He tocu sadvice on joint ventures, commercial law, with and infrastructure. He an c I borrowers on and Implementation of finance. MS II Pply contracts, extensive exposure advises bo rrowers and syndicated transactions, major projects. He has privatizatioand construct ion and to M&A and private- lenders. His experience private placements worked on a significant advises lopera ting matters in the equity investment. His embraces infrastructure, and IPOs. His practice number of sophisticated financialoil .and gas. oil sands. experience embraces project and international engages commercial transactions involving and devecogeneration and wind the infrastructure, utility. financing transactions. transactions. corporate First Nations. energy. inpower. sectors. financ ial services, finance, securit ies and environme

pharrnacsutical and barjkinq. sectors.tech nology secto rs.

mailto:sdietze@stikeman.commailto:jdoolan@mccarthy.camailto:mdorion@mccalthy.camailto:mdorion@mccalthy.camailto:jdoolan@mccarthy.camailto:sdietze@stikeman.com

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"Government should be open to flex-ibility and adaptation in the forms oftheir project documents:' Ford says. Henotes that a standardized document mayreduce the costs of negotiation and savetime, but "a one-size-fits-all approach"can lead to inefficient risk allocation andhence higher bids, as well as "project in-congruities; ' such as a hospital templatebeing used for it road or nuclear powerplant. And; in the most severe cases, headds, would-be bidders may decide notto bid.Kelsall observes that inflexible timeframes can create problems for aUinvolved in the procurement process. "Amacho 'We've got to get it done' attitudecan create havoc sometimes - and slop-piness, because there's not enough time toget things done and people cut corners;'he says" "People should sit down earlyand work together to conceive a timeframe that makes sense."Willcocks says major infrastruc-ture projects often require what hecalls "proactive drafting." He cites theexample of a long-term project, inwhich equity investors may want torecoup their high-risk investment afterthe construction phase of the projectby replacing it with equity from lessrisk-tolerant investors. But a change in

equity is a change in ownership and theproject agreement may not allow forthis. A lawyer who anticipates this issuecan ensure that the agreement is draftedso as to include provision for an equityreplacement program. This kind ofproactive drafting, he says, "allows thingsthat people are looking at doing later tobe implcmenrable,"Ford says some future problems canbe avoided through consultation duringthe procurement process between pri-vate-sector bidders and end users of thedevelopment and their employees. Thiswould, for example, allow key hospitalstaff members to specify what theirdesign requirements are, or it could allaythe concerns of employees, whose jobsmay be transferred as the consortiumassumes responsibility for services andmaintenance.By working dosely with diems,lawyers can often anticipate and addressissues that are not at all apparent inthe initial project proposal, Willcocksoffers the example of a hospital thatplans an ancillary development, such asa long-term care facility on the same site.Even though this would be outside thescope of the public-private partnershipproject and not mentioned in the requestfor proposals, it could affect the project

Procureme

implementation in many wayscould be complications in preparsite so as to accommodate both fin providing shared access, ensurinis space for cranes to swing and fmachinery to operate, and inwith risks and other issues invohaving two contractors workinby-side. A lawyer can help find"setting the table for the secondtor to carry out work withoutinterference with the Iirsr conWillcocks says.Lawyers involved with infrastprojects generally agree that Cansome of the best procurement pin the world. Nevertheless, they sfor improvement, particularly wlevel of flexibility and responsthat government agencies showprivate-sector lawyers identifythe process."They're very good at the digiving an opportunity to commethe substance of it isa little suspeKelsall. "It takes time and it's offrustrating. But I don't thinka procurement process anywhthe world that doesn't suffer froproblem." -__--- -

Kell in Matron is a fce /ana l e g a l . a j j a i r J

Lex pert R an ked Law

Doumani, Robert G. Ellingson, Beverly G. Estrin, DaVid Fairey, Peter D. Finlay, QC, David G. Ford, Daniel A.Aird & Berlis LLP McCarthy Tetrault LLP Gowling Lafleur Gowling Lafleur Be nnett Jone s L.LP Torys LLP(416) 865-3060 (604) 6437122 Hen derson LLP Henderson LLP (780) 917-5236 (416)865-7372rdoumani@airdberlis. bellingson@mccartlly.ca (416) 862-4301 (604)891-2266 finlayd@bennettjones. dford@torys.comcom david.estrin@gowlings. peter.fairey@gowlings. com

Ms. Ellingson's real com com Mr. Ford's practicMr. Doumani's property practice Mr. Finlay acts in the foeuses on publia.d'ministralive law incl udes counsell ing Mr. Estrin advises Mr. Fai rey's co rporate acquisition, development, infrastructu rs anpractice, with its public and private government agencies. commercial practice leasing and financing project f inance,emphasis on municipal, companies on corporations, financial embraces tax and of commercia l and for sponsors, lenplanning, servicing and development. commercial institutions, Aboriginal securities. His clients industrial real estate governments anIinance, engages source acquisitions. sales and people and law exten d to the PPP developments. He also providers. His exprotection, municipal leasi ng. S he also advises firms across North and alternative energy ad vises on 00rporate Includes some 2servicing, finance. ppps. on construction disputes, America in aillacets of industries. His PPP and governance issues, and alternative fhouslnq and assessment lease defaults and environmental law. He mandates include acting and counsels public and and procurementissues. He acts for the builders' liens. has appeared as for BC on the Canada private c lients in the projects.public and private sector. counsel in Ontario, Line, and on port, health secto r.

A Ibe rta and Fede ral highway and hospitalCourts. and before projects.environmental tribunals.

mailto:bellingson@mccartlly.camailto:dford@torys.commailto:david.estrin@gowlings.mailto:david.estrin@gowlings.mailto:dford@torys.commailto:bellingson@mccartlly.ca

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Mclnnes Cooper(902) 444-8411suian,ljazer@mci nnascooper .com

Gendron,agnon, Nicolasyfe,Slephen J.urlan. Stephenreitag, Shane L a ve r y, d e BilLy, L.LP,(514) 877-3046ngagnon@,iavery,ca

Fask.en MDuMoulin(514) 397cgendron@

McCarthy Tetrault LLP(416) 601-7708sfurlan@mocar~hy_ca

Borden Ladner GervaisLLP'(416) 367-6650slyfe@blg.com M r, G agnon is a partne r

in the firm's commerciall it igation team. He actsfor surety companies,owne rs and contractorsa t every sta .ge ofc o n s tru ctio n p ro] e cts,from drafting contracts 10managing the work andany claims Of disputestherefrom.

M r_ Gendrdeve loperfina nciafpensiongovernmei nfrastructupro j sets..includeseducationinfrastruct

Borden Ladner Gerv1;l isLLP(4l6) 367-6137slTeitag@blg,com Mr: Furlan's project

'finance and securedlend In 9 p ra ctl c e se rvtc s stenders on PPP,i n trastru ctu re a n c powe rproject f inan oing. HisPPP experience inctudesoridge s and hospitals,

Mr. Fyfe focuses on theta x implications of M&A ,corpo rate f n a nc e andreorganizations. He actsfo r p u 01 ic a n d p r i va tedavelo pers of efectri.citygeneration and otherihlrastructu re pro] e cts,municipal corporationsand collective investmentfunds.

Ms, Frazer's corporatefinance and securitiespractice embracesintrastructu re andPPP projects.Bherepresents a ll leve ls o fgovernment and thepriv

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Lexpert Ranked Law

.Glbson, QC,Byran Glaholt, Duncan W .i llott, Roger Godber, H. John Goldman,. Pauo ldenberg, Rona ld A .Goodrnans(604) 608-4550pgoldmall@gooea

M c C ar th y T e tr au lt L LP(604) 643-7941bgi tJsQf l@meearthy.caOsler, Hoskin & HarcourtLLP(416) 862-6818rg iNott@osl'er.Gom

Glaholt LL P(416) 368-8280 Ext 118dwg@gleholt.com

Borden Ladner GervaisLL P(514) 954-3165jgodber@blg_com

F r as e r M i ln e r C a sq ra lnLL P(416) 863-4724ronald.goldenberg@fmc-law. comr. Gibson advisesp ro p on e n ts and

financiers ofinfrastructure projects,ine l ud i ng ' t rans po r ta t io n ,.eherg,y.hiea l th, justice,re cre atlo n an d defencedevelopmenls in Be,Alberta, Ontar io, NewBrunSWick a nd th eledera I s sc to r,

Mr, Gil lot t focuses onconstruction litigation,arb l tration and disp uteresolution alalllevels of co u r! andtribunals. He adviseson risk management inconstruction contracts,and tendsr inq andp r ocu r e rne nt in the pu bl lcand priva Ie sectors.

M r. Gla:holt is oneof Canada's leadingconstruction lawyers,arbit rators and media tors,with extensive experiencein infrastru cture and P3projects . He is a cer ti fiedspscla Iistcjn constructionlaw, Past Pres ident o fthe CCCL and author ofseveral title s.

Mr..GodbertOClJses onM&A,. corporate finance,private equity, sec u ritiesand lntematlon al joi ntve ntu res for closely andwidely held companies.He advised TheGo-ope rators on Itsacquisition of AddendaCapital.

Mr. Goldenberg's realestate practice embracesPPPs. He focuseson lh e acquisition,financing, sale,laasl ng, constructionand development 01inco me prope rtles, ands tru ctu ri n g~oi n t ve n tu res.His clients includeinstitutional investors.

Mr. GOldman'sand internationco rpo ra te / secupractice embraproject developfinancing. Hishave inc ludedand BC governand companiesmining, f lnanclaestate secto rs ,

mailto:bgitJsQfl@meearthy.camailto:dwg@gleholt.commailto:dwg@gleholt.commailto:bgitJsQfl@meearthy.ca

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16 I Publ ic-Private Inf rast ructureAs governments look to public-private partnerships rather than cash-strapped taxpayers to shore up Canada'saging infrastructure, the link betweenpolitiCSand major building projects isbecoming increasingly hard to ignore.Think politics and P3s aren't alreadybedfellows? Talk to Robert Bauer, appp partner at Davies Ward Phillips &Vineberg LLP ill Toronto. The finn wasacting for one of the parties involved inOttawa's proposed light-rail system thatwas to run through the downtown."The project was a fairly significantscale, $700 to $800 million, and it wasgoing tobe financed equally by the feds,the province and the city:' says Bauer."All the documents had been negoti-ated, settled and actually signed - butbefore anyone started moving on it, itbecame a huge election issue. One ofthe people running for mayor madehis opposition to it a main plank in hisplatform. -"He won the election and they cannedthe deal, Youcould say it ended badly."Although the new council is consid-ering an even laJ:gerproject that wouldsee the downtown portion of the LRTmoved underground, the incident un-derscores how important government -and changes of government - can be in

the infrastructure universe.Take Quebec. The former PartiQuebecois government had a smallinternal lobby group to sell the benefitsofP3 tovarious provincial departments.The province was lining up a couple ofsmaller road projects with the privatesector when Quebec voters handed JeanCharest's Liberals a majority govern-ment in 2003.British Co lumb iawas one of thefirs t p rovinces toreally embracepublic-privatepartnerships fo rinfrastructureprojects.

and up. Guess what? Tois working on tWOdozenthem very large, includinhighways worth about $1two Montreal super .hospto cost more than $4 billio"TIle big challenge into sell the projects to votskeptical about the use ofPDorion, a paJ:tner at McCLLP in Montreal, "They hname in Quebec until last"The Liberal governmstart with bigprojects.whica gutsy call because a lot otelling them to start smalleit went. But they selectehighways and two majorsome of the largest projecThe first highway project,completed within budgetwell, so they're off to agooIf Quebecers were initiato the idea of P3s, it coubuilding or repairing rsystems, hospitals, schoolbridges- is enormously einfrastructure projects havwith taxpayers due to a hoverruns.British Columbia was oprovinces co really emb

Lexpert Ra nked L awyers

Premier Charest soon transformedthe small lobby group into Infrastruc-ture Quebec, an agency that works onpublic-private projects of $40 million

Grandil ii , Danny e. Gross, ae, Morton G. Hamilton, Peter E. Hammel, Scott J. HameU, James (Jim) W. HardwickMungo

McCarthy Tetrault LLP Borden Ladner Gervais Stikeman Elliott LLP Miller Thomson LLP S!ikeman Elliott LLP(416) 601-7597 LLP (416) 8695564 (780) 429-9726 (4i6) 8695690 Blake. Cdgrandil@mccarthy.ca (416) 367-6205 phamiltor1@s!ikemen. -shammei@ jharbell@stikeman_com Graydon

mgross@blg_CQm com millerthomson.com (403) 26Represents private- Mr. Harbel! focuses on MH8@blequity funds, pension Mr. Gross's property Mr. Hamilton's banking Mr_Hammel's commercial PPPs, infrastructure,funds and institutional development practice and corporate finance litigation practice focuses real estate and Mr. Hardinvestors in his practice, focuses on PPPs, pract ice extends to PPPs, on construction disputes, energy_ He acts for M&A, cowhich is focused on including those related infrastructure, project professional liability developers, investors and finance alimited partnerships, joint to water facilities and toll and structured finance, and insurance. He has government agencies practiceventures, equity fund highways; proposals on financial institution represented Clients in on power project natural rstructuring, infrastructure environmental and other regulation, derivatives proceedings throughout developmenllinance infrastrucprojects and property matters; acquisitions and and insolvency. He western Canada and in and transmission. His expea cq ui sit io n s/ di sp o s lt io n s, dispositions; leasing; joint lectures on banking law international arbitrations. negotiations with the petro

ventures; ano flnancings. at Queen's and Osgoode utilities, hospitals and gas, oil sHall. municipalities. potash.

LNG sec

mailto:dgrandil@mccarthy.camailto:H8@blakas.commailto:H8@blakas.commailto:dgrandil@mccarthy.ca

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18 I Publi c-Pri va te In f ras tuc tu reprivate partn~rships. for infrastructureprojects, and itwas Inlarge part due tothe fact that the model had a championin former premier Gordon Campbell."BC has consulted lots to other juris-diCtions in Canada," says Anne Stewart,a parmer at Blake, Cassels & GraydonLLP in Vancouver. "When Quebec wassetting up its agency, BC worked veryclosely with them. There have been a lotof 'projects in BC done on time and onbud&;t, and so there's a lot of experiencehere.BC, Quebec and Ontario havededicated agencies or corporations tohelp manage public-private infrastruc-ture projects. In Alberta, the provincehas people do the same job, but as partof the provincial Treasury Department.Kerry Powell, a partner at GowlingLafleur Henderson LLP in Calgary,says Alberta did not warm to jointpublic-private infrastructure projectsthe way other provinces did (see "Buildit and more will come" by MarzellaCzarnecka, page 20)."Alberta was slow off the mark becauseunlike some other provinces, it had themoney to do _projects:' says Powell. "Italso had very strong government depart-ments in both transportation and in-frastructure, which had handled infra-

structure for many, many years and werereluctant to let it go."Another factor is the private sectorhere never really embraced P3s. Theyviewed them initially as taking awaytheir business. And government herereally listens to its industries; there's alot o f political sensitivity to industry."A lb erta w a s slowoff thema.rkb ec ause ... it hadthe m oney to doprojects.

interests. But Alberta is scautious. There's not theyou See in Ontario, QuebecThe model is not limithree provinces. Jurisdictiaccess to a dedicated P 3into the federal governCanada, a Crown corporain 2009. It's been involvedprojects including the ComSecurity Establishment'sand the RCMP "E" divisiters, and also has a programcilitate and even help funture improvements for mterritorial and First Natmerits.Stewart believes h'avingcentralized agency helpscan be a large and unwieldy"It's very expensive tobidding for one of theseone of the things all theseorganizations try to do iswhen they can;' she says.also bring objectivity. 'Iheirbe the minister of .health,Well that client is focushospital and sometimes it'ssomeone with more objec'What about doing it thisyou considered this?'

Lexp ert Ra nked Lawyers

The idea of public-private partner-ships started to pick up a bit five orsix years ago with P3s being used suc-cessfully to build ring roads aroundEdmonton and Calgary, and for a seriesof school projects."Success breeds political comfort,"Powell says. "The ring roads have beendone quite well and the first of the schoolprojects has won awards so, politically,it becomes something that the govern-ment can use to further its political

Harquail, Michael R. Harricks, Paul H. Haythorne, John S. Hebert, Brenda Helbronner, Valerie Hill, KristBlake, Cassels & Gowling Lafleur ' Fraser Milner Casgrain Stikeman Elliott LLP TorY8 LLP TOIYs LLPGraydon LLP Henderson LLP LLP (416) 869-5578 (416) 865-7516 (416) 865(416) 863-2929 (416) 369-7296 (604) 6916456 bhebert@stikeman.com vhelbrormer@torys.com khill@t.orymichael.harquail@ pal.ll.harricks@gowlings. john.haythorne@fmc-Iaw.blakss.com com com Ms. Hebert's real estate, Ms. Helbronner's Ms. HfII fo

energy and banking intrastructure, PPP and and projeMr. Harquai I advise s Mr. Harrlcks's Mr. Hay thome, also an practice includes PPP energy pract ice includes in the inlrf inancial insti tutlons and Iran sactlon-bassd engineer, focuses on and infrastructu re the development and and energ'corpo ra tions with a focus practice embraces PPP, infrastructure and transactions. She financing of combined powe r) son corporate banking, infrast ru cture, en ergy, ccnstructlon law, with is experienced in heat and power, gas- domeslicaasset-based lending and project development emphasis on contract structuring and fired, wind, hydro, solar intemat lonand project finance. and finance. He acts for a negotiation and drafting, developing new projects, and biomass projects. widely reHis experience also wide range of Canadian and procurement issues. and negot ia ting the Her experience includes leading laembraces syndications, and foreign corporations, His infrastructure full range of contracts heal thcare, t ransportat ion areas.structured finance, investment dealers, mand ales include 'hyd ro, requi red for such and mining.subordinated debt and banks and f inancia I road and ra pi d t rans il transactions.hi9hyie Id offerings insli tutio ns. projects.

mailto:bhebert@stikeman.commailto:vhelbrormer@torys.commailto:khill@t.orys.commailto:khill@t.orys.commailto:vhelbrormer@torys.commailto:bhebert@stikeman.com

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..The experience of agencies like Parr-nership Be means they can really helpbridge cl1e dist~nce between what thegovernment entity ,;ants, and what ~hep~iV:i;e sector and Its lenders can livewieh."Anyone who cdoubcs the relationshipbetween government and infrastructurehas only to look at the pace of infra-structure dealll .ow earlier this year, saysRobert Bauer of Davies Ward Phillips& VinebergLLP."There's been quite a lagbecause of various provincialelections around the country," hesays, ~I think what we've been seeing isa slowdown in deal low until the dustsettles ifter an election, The industry hasbeen seeing a bit of a diy in the numberof projects out there for bidding, andthat's why", \: 1I 'I dm R u 6i n i s a T o 1 ' O I J { o ~ b 4 S e d wt i tr : r and s t r a t e g i C

consultant.

Hi lt o n , J im

Mr . Hoy t' s p r a c ti c ein clu de s P P Ps a n dm an da te s in th e g as ,e l e ct ri ci ty a nd r enewabl 'er e so u r c e s e ct or s. H ere pre ss n Is puol l c- se c to rand pr i va te-sec to rd e ve lo p e rs . H e a p p ea rsr e g ul ar ly b e fo re . t h e N ewB r u n sw i ck E n e rgy an dUt il it ies Board .

Hol l ingworth, ac,Alar iS. Houle.Yven Hoyt, ac, Leonard(Len)T.B l a ke , Cas s e ls &Grayd ( )n L t .P(416) 8B3-2714I lrr l,hrHon@blakes,com

B o rd e n L ad ne r G e rv aisLL P(514) 954-0146yhoule@blg,com

Gowl in g L af le u r'Henderson LL P(403 ) 298 -18 24alan,hol l ingworth@gowl ings,com

MC i nnes Cooper(S06) 4S(l-1'622len:lloyt@mclnnesccopecccmM r. H I ft o n 's r ea l: e st atep ra o ti c( i em p h a s i z e s j o in tv e ii tu re s , . acq u l sh lo n s ,dave lop men ta , I in a n c ingsand d is pOS it io ns .H i scl ients i r ;ro l 'ud~domest icend in l e rna t i ona l lenders ,In v ss to rs a n d d e ve lo p e r sInvOI ix l .d in diversep r ope rties,

Mr . Hou le ' s c onst ru c ti ona n d p r oc u r em e n tp ra ctic e em br ac e s P P Ps ,i n fr a st ru c tu r e , ene r gy ,i nd u st ri a i, DB F 'M a n dE C PM p ro je cts , a s w ella s le n d e r d is p ut e s.Owne r s , a r ch i te c ts ,e n g ; n e s r s, c on tr ac to r s,s u r etie s a n d s up p l ie r sa re am o n 9 h is c lie n t s.

Mr_Hol l ingworthp ra ct is e s i n the a r eas . 01r e g ula to ry l aw r e la ti ngto e n e rg y ma tt e rsi n vo I , vi n go i I , na t u r a I gas ,e l s ct rl cit y a n d r e la te de n l li r o nm e n ta l i ss u e s .H e h as a pp ea re d b efo ren um e r o us Ir i bu n a ls inC an ada a nd th e U S.

Publ ic-Private Inf rast ruc

Lex pert R anked Law

Hube r , H am Id Hude c , A lb e rtTorys LL P(403) 776-3769I lhuber@torys_com

Fa r ri s, VaughanMu rphy lLP(604) 661-9356ahudec@larr is ,coMr . Hube r' s c o rpo rat ep ra ctic e e n g a g a si nf ra st ru c tu re a n d e n e rg y ,H i s ex pe r ti seex t endsto m e st ru c iu rl n g ,d ev e lo pmen t , f in a nc inga n d c on s tr uo tl o n o f o il ,g a s, p ip e lin e a n d p ow e rp ro je c ts . H e a ls o a d vis e so n c oa l, w in d a nd n u cle a rprojects.

M r . H u de c 's c o rf in a n ce a n d s e cp ra ctic e fo cu se sc ro ss -b o rd e r M&eq uit y a n d verrtuf i nanc in g. an d bin d e p en d e n t c omrepresentation,e m ph asis o n th er e so u rc e a n d t eindustrles,

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Lex pert Ranked Lawyers

Hughes, Frank EMcinnes Cooper(506) 861-1921frank,hughes@rncinnescooper.comMr. Hug he s p raot lsesPPP, infrastructure,secured transactlons,real p rope rty andcorpo ra te law. He actsfor borrowers, Iendersand property developersregard in9 com me rc ialcontracts, the purchaseand sale o f businesses,secu red Iinanei n9s andrsa l p roper ly matte rs

Iczkovit z, Steven N. Ivanoff, Paul' Jetten, C. Dawn Johannsenurtey, JohnBorden Ladner GervaisLL P(416) 367-6214siezkovitz@blg,com

Osler, Hoskin & HarcourtLL P(416) 8624223pivanoff@osler,com

Blate, Cassels &Graydon LL P(416) 863-2958dawn,jetten@blakes,com

Fasken MDuMoulin(604) 631hjohannse

Gowling LalleurHenderson LL P(514) 392-9431john ,hurley@gowlings.com Mr. lczkovltz practisescommercial and real

property law, includingP3s, real estatedevelopment, proposalcalls, mixed-useddevelopments, jointventures and real estatefinancing. His clientsinclude lenders, hospitalsand private devetopers.

Mr. lvanof l i s a partnerin the LitigationDepartment of Osler.His p racti ce focuseson the l it igat ion andarbltration of disputesrelated to infrastruct ureand construction p rejectsin clu dl n 9 al r po rts, powerplants, hosp ltals androadways.

Ms. Jetten servesdome sn c and to reig nfinanclal institutions,insurers and: othercompan ies in herfin a n c ia I servicespractlce, Her advi'ceem b race s reg u Ia lory,com piianoe and productdeve top rne nt iS5ues,and complex financingtransactions,

Mr. Johanprofessionfocuse s olaw in c l uinfrastru eprocu remresolution,contracts.includestransi t, Loth e r proj

M r. Hurley ha se xte ns lve experiencein commercial taw, with.specia l emphasis onFi rs t Nati o n s, e n e r g yand i~trastructu re,environmental taw,regulatory mattersand internatlonaldevelopment

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Keizer. Charles Kierans,. David B. Kirsh, Harveyelsall, Brian C. Keyes, Colleen R.en'ny, ac,William J',Osler, HoskinLLP(416) 862-6844hkirsh@oslerco

Iorys LLP(416) 8657512ck,eizer@torys.comMr. 'Keizer's domesticand internationalinf rastruciurs andPPP practlcs focuseson a dm i n i st ra tl vs andco rp orate /corn ms rcla Il aw in the energy sectors,and inclu des finar iel~g,project development andre 9 u 1 1 . 1 tory ma tte rs forsecto r pa rtlci pan IS.

Fasken MartineauDuMoulin LLP(4j6) 8655493bkelsall@fasken.oom

Miller Thomson LLP(780) 4299784wkenoy@millerlhomson.com

Mcinnes Cooper(902) 444-8432colleen.keyes@mcinnescooper.com

Gowling LafleurHenderson LLP(514) 392-9551david .kjerans@gowlings.eomM r. Kelsa.lliocuses

on domestic andinternational projectf inance with an emphasison in tra stru c tu reand PPPs, includingrepr"senting lenders,s po n so rs and 'i nvssto IS.His PPP experienceinclude sealth,transportation and otherintrastructure.

M r, Kenny practise sconstrueti on andtransportation law, clviland regulatory lil igation,corporate commercial lawand lnsurance r a w . Hehas ap P ea re d before a III'eve:lsof court in Alberta,Saskatchewan and theNorthwesl Territories.

'Ms. Keyes's corporatef inance and seeu r i t l espractice inc ludss PPPand infrastructu reprojects, on whichshe r ep rasen ts bothgovernments and theprivate sector ..Herexperie nee also ineludesjoi nl ve ntures, eqUotyIin an cl ngsand M&A .

Mr. Kie rans practisescorpo rate andcommercial law withparticular emphasis onsec u red le n d ing, realestate acquisi tion andfinance, and asset-backed fi na ncing. H rSexperience inciudesen s rgy g e n e r at l onprojects, joint ventu resand partn erships.

Mr. Kirsh hasexpe r isncs inIjl igation,. arbitrmediation ot cconstruction cdisputes a r isinsignificant Canand internationainfrastructure,commercial aninstitutional pro

mailto:ck,eizer@torys.commailto:colleen.keyes@mailto:colleen.keyes@mailto:ck,eizer@torys.com

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22 I T he W est

Uke th~ idea of government andindustry working together tobuUda road, a school or hospital? So didGoraon Campbell.The former British Columbia premierand Vancouver mayor had a thing forP3s (pJ;ivate-public partnerships), andhis policies jurnpstarted the movementin the province, some would argue thecountry. Whether addressing BritishColumbia's infrastructure deficit ortadding its contribution to the massiveconstruction projects demanded by theVancouver 2010 \XTintel' Games, theCampbell government actively encour-aged the P3 approach. Any governmentinfrastructure project over a certainprice tag -first $20 million, then $50million - had to consider a P3 solution,and if its proponents rejected it, theyhad to justify to the government why.The legacy is considerable. 111W: areSOme 14 completed and operatlonalP3 projects in British Columbia, sevenmore under construction, four newlyannounced ones and a handful morein the pipeline. Completed projectsinclude the Canada Line that connects,among other things, Vancouver's airportwith its downtown. the infamous Sea toSky Highway, and the award-winningGolden Ears Bridge, plus severalmore

roads, bridges and specialty healthcentres. Projects under constructioninclude the BC Cancer Agency Centrefor the North, hospitals in Fort St.John,Keiowna and Vernon, the redevelop-ment of the Surrey Memorial Hospital,improvements. to Port Mann/Highway1 and the South Fraser PerimeterRoad. On the drawing board - that is,committed to by the government and atsome stage of the procuremen t process -are the Evergreen Line Rapid Transit, asmart metering program fat BC Hydro,the Surrey Pretrial Services Centre, andthe Interior Heart and Surgical Centre.A veritable smorgasbord of projects.But that doesn't mean the P3 model isa panacea to British Columbia's, or thecountry's, infrastructure deficit. ."It's not the answer to' everything:'says Doug Buchanan, a partner withDavis LLP in Vancouver, arguably theCanadian law firm with the largest shareofP3 work not just in British Columbiabut across Canada. "111ings that attractthe P3 model are projects where thereis a performance-related aspect thatpossibly th e private sector might beable todo better than the public sector."And of course, one in which the publicsector is willing and able to cede someaspect of control and revenue - and:

on the profitability of whicsector is willing to gamble.And make no mistakerisk involved, sufhcienttypes of lenders shy arouall proponents on theirout the procurement andprocess, says Anne Stewawith Blake, Cassels & Gin Vancouver. A typicalproject, for example, inguesswork - and thus heigby all parties, including leprivate sector. Guess rightestimate - and Y01,I're laugtimate, and you could befor two or three decades.Although British Columeschew toll highways - lothan the Sea to Sky Highwthinks th e province owesmsuccess to its application o"availability" structureapproach is found with prhospitals and other care/ties, where the private seccome not from level of trabut rather from maintaininties to an appropriate standEven these less risky avarures, however, were a lifor some parties eady o

Lex pert Ranked Lawyers

,Koval , Patr ic ia A.

Ms. LeBlanc's corporateand real. estate p ract Ice'Incl u de s PP Ps an dinfraslructu fa. i'1er d ie ntsi n cl u de institutionalIenders on securedpreject transactions aswel l as major developerson resIdential andcom me rclal projects.

leBlanc, oc, ,[}anise A .'lorys LL P(416) 8657356pkoval@torys.com

Mcinnes Cooper(506) 877-0862denlse.leblanc@rncmnescooper.corn

Ms, 'Koval Is activein al I in frastru ctu re ,corporate and securitieslaw, and M&A a sp e ctsof cI Imale change.Her domest ic andImerna tlo nal expe rieneealso lncludes financlngsan o acq u Isitio ns; ineometru sts ~and mutual,pooled and hec!ge funds.

Leroux, Pie~reDenis Lever, Dalll(l.A.N.

McCarthy Tetrau I t LLP(514) 397-4~2tpdleroux@mccarlhy.ca

M cCarth y Tetrau It L LP(416) '6017655dlever@rnccarthy.ca

M r. Leroux's real, propertyand l in anc la l s e r v l cespractice incl udesadVising con so rli u msand work. provide rs oninf:rastructu re and PPPs.His main focus is onmortgage and rea l estalefinancl ng. Includi ngsecurlt lzatlon andproperty development.

M r. Lever leads thef irm's Power Group. Hefocuses 0n PPPs, projectand corporate finance,and M&A relati'ng toenergy and infraslruCtu reprojects . He acts fordevelo pers, 1nve stors andIenders on projects inCanada and the US,

Lewis, Greg Lissair,

Bull. Heusser & TupperLLP(604) 6414923gdl@bht.com

GowllngHe n d ers(514) 39luc.: Isso

M r. Lewis, who leadsthe firm's Energyand In t rast ructu regroups" focuses oncommercial transactionsand financl n 9 sinIn tr as tr u c tu r e, energyand otn er industrysectors. His e x p e r l e n c eincludes P PP s as well ashydro and co-qe neral ionprojects.

Mr . L issoppPs, pprivate esecu rit isand comHe actsgovern mInvestmeequity. dof fe r ingsinternatio

mailto:pkoval@torys.commailto:pdleroux@mccarlhy.camailto:dlever@rnccarthy.camailto:gdl@bht.commailto:ssoir@gowlings.corrmailto:ssoir@gowlings.corrmailto:gdl@bht.commailto:dlever@rnccarthy.camailto:pdleroux@mccarlhy.camailto:pkoval@torys.com

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wave. IfBritish Columbia has been thecountry's leader in P3, neighbouringAlberta has taken a much more conser-vative approach. I ts first P3 would havebeen the Calgary Courthouse, but thepublic and private partners could. notget to a commercial dose, That mayhave made future proponents, and theprovince's government, skittish, agreesMungo Hardwicke-Browne, a partnerwith the Calgary office of Blakes. Blakesis another Canadian P3 powerhouse:

[The P3 m odel] isnot the answ er toeverything.

its Vancouver office is involved in alarge chunk of British Columbia's P3spast and present, and its Calgary officehas participated in all six of Alberta'scompleted projects.But then, Alberta could afford to beskittish and conservative. Irs treasuryhas, traditionally; had more spend init for infrastructure than British Co-lumbia's. But as P3s gained groundand credibility next door, Alberta has'gained comfort with the model as well.

To date, the province has completed six:P3s, choosing the model for ring roadsin both Calgary and Edmonton andthe construction and operation of newschools in both cities, No P3 medicalfacilities in the province yet - but theymight come.Before hospitals, however, Albertamay well see P3 sports arenas. "\Vhat Isee coming up is an application of theP3 fu1ancing model to social infrastruc-ture: sports facilities, entertainmentfacilities, things that municipalitiesneed and that they have a hard timegetting financing for," says David Finlay,a partner with Bennett Jones LLP inEdmonton.Edmonton considered a P3 model fora sports arena in the ciry's south end; theCity of Calgary is reportedly looking atfinancing two new recreational centresthat way as well.It makes sense, When the federalgovernment cuts its budget and theprovincial governments trim theirsin turn, "Guess who's at the end ofthe food chain?" says Buchanan, Thecurrent financial budget tightening, hesays, "tells you municipal P3s are wherethe action is going to be." In BritishColumbia, he predicts, as well as inAlberta,

T he We st

But he's not predicting an explin either P3 or otherwise financedStructure projects in the West. "WeCanada is not as much of a grstory for infrastructure as it is atrolled strategic use of the model:'Buchanan. That means that eachstrU(;rure!rfoject's suitabil ity to tmodel wi I continue to be individevaluated, despite past successes anheightened level of comfort withmodel in both British ColumbiaAlberta. Still, with the prominentplayed by Partnerships BC, the goment of British Columbia-ownedresponsible for bringing togetheristries, agencies and the private sto develop projects through puprivate partnerships, to promotemodel - and to educate other jurtions, including those in the l:JS,it, it's unlikely even the disappearof Gordon Campbell from Britishlumbia's political landscape willthe clock back on BC P3s. And asis no change of government predfor Alberta, the public sector therplenty of time to get comfortablethe model and apply it as needed.Mal'zena (,z,tmecka is ' lj Tee lanr : eumter al ld

contributor (0 Lexperr.

Lexpert Ran k ed L awy

MacDonald, RossA. Madras, Mark L. Mahony, Dennis E. Mantini, S.Paul Marchand, Bruce A. Martin, Kar~n

Stikernan Elliott LLP Gowling Lafleur Iorys llP Bennet t Jones LLP Mcinnes Cooper Fraser Milner Casgr(604) 631-l367 Henderson LlP (416) 865-8214 (416) 777-4837 (902) 444-8417 LLPrmacdonal d@stikeman. (416) 862-4296 dmahony@!oryS.com manlinisp@bellnettjones, bruce.rnarcnandes (604) 691-6455com mark,madras@gowlings. com mcinnescooper.com karen ,marlin@fmc-Ia

com Mr, Mahony's comMr. MacDonald's environmental health Mr, Mantini practises M r; Marchand's corporatecommercial reaI Mr. Madras's domestic and safety and climate pu bl ic i nfra stru ctu re, and banking practice Ms. Martin practisesestate expertise in and international change practices extend commercial real encompasses PPPsand infrastructure, PPPproject development environmental to infrastru ctu re and estate, lending and infrastructure projects .. and construction lawand PPPprojects practice focuses on energy issues, His clients project finance law. His Headvises clients 0n She advises on riskincIudes aoquisiti oris, regulation, liability, come from vir tual ly every experience embraces projectaqreements minimization duringconstructio n, climate change, toxic industrial sector aswell retainers on some ind uding f nancing, procurement andremediation, financing, and new substa n ces, as financial tnstitutlons of Canada's largest development and construction, and acleasing, marketing, contaminated lands, and real estate projects, including operating aqreements, ascounsel in ppp,concessionag reements, emissions, waste companies .. Toronto Eaton Centre He has related expertise infrastructure andjoint ventures and other rnanaqernent, and Toronto Waterfront in ventu re cap ita I co nstructlo n disputestrategic alliances. and environmental ReVitalization. and private-equity mediation, arbitration

issues in commercial transactions. litigation.transactions.

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2 .4 I B ig Deals

BIG DEALSFrom the pages of Lexpert" MagazineAn update on recent deals reported in

Lexpert" Magazine

Lexpert Ra nked Lawyers

M ass ico tte , A lain McCul l ough , William 0, McFadde n , ac, David J,F ra se r M iln er C as gra inLL P(604) 443-7128cof

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B ig D e als

Lex pert R anked Law y

McLellan, Bradley N. Merrick, Jeffrey Messinger, Stephen J. Miller, Bernard F. Morrison, Patricia L. Movat, Kenneth W

WeirFoulds LLP Blake, Cassels & Minden Gross LLP Mcinnes Cooper Borden Ladner Gervais Gowling Lafleur(416) 9475017 Graydon LLP (416) 3694147 (506) 877mm LLP Henderson LLPbmclellan@weirfoulds, (604) 6313386 smessinger@ bernard.miller@ (403) 232-9472 (416) 3697211com jeff_lnerrick@blakes,com mindengross.com mcinnescooper.com pmorrison@blg_com kenneth.movat@gowlings.comMr. McLel lan acts for Mr, Merrick's real estate. Mr, Messinger focuses on Mr_ Millers energy, Ms, Morrison's

public-sector clients business law and project commercial development natural resources, construction practice Mr, Movat practisesin the planning and finanCing practice and Isasi ng. He acts for environmental and real serves owners, sole Iy in the are,!-development; of emphasizes buying, developers, property estate practice embraces contractors, lenders of constru ction lawinfrastructure projects selling, leasing, finanCing manage rs, trust PPPs and infrastructure. and sureties in the y.tith an emphasis oincluoing rapid transit and developing P3s companies, pension His mandates include negotiation and drafting dispute liti!;!ation. Hprojects, sports and AFP infrastructu re funds and retail chains. LNG projects, power of PPP and other provides legal counand entertainment pro] ec Is. His cl ients A frequent lecturer, he is plants, highways, agreements; tendering to owners, architectscent res, ene rgy include pensions and recognized as an expert pipelines and wind power mat ters; and litigation, engineers, contractoprojeots and downtown private-equity funds, witness on commercial projects. mediat ion and arbi trat ion subcontractors, maredevelopments. leasing. of construction disputes. suppliers and surety

bonding companies,

mailto:bernard.miller@mailto:kenneth.movat@mailto:kenneth.movat@mailto:bernard.miller@

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26 I B ig Dea lsQulnte Consolidated CourthouseReaches Financial CloseOn June 21, 2011, the Ministry ofthe Attorney General and Ontario In-frastructure and lands Corporationreached financial closewirh BrookfieldInfrastructure. Partnerships Quinre todesign, build, finance and maintain a newQuinte Consolidated Courthouse in Bel-le:ville,Ontario. Brookfield InfrastructurePartnerships Quinte is a partnership es-tablished by Brookfield and MorguardCorporation. The Brookfield team forthis project includes PCl ConstructorsCanada Inc. providing design and con-struction services and Morguard Invest-ments Limited as service provider.The 'project is structured as a design-buiki-finance-mainrain project and willhe delivered under the provincial govern-ment of Ontario's Alternative Financingand Procurement (AFP) delivery model.After construction is completed,Brookfield will receive.annual service pay-ments from InfrastructureOntaric over a30-year period. Payments cover construc-tion, building maintenance, lifecycle re-pair and renewal and project financing.The payments will total approximately$270.7 million after 30 years. In todaysdollars this is equivalent to approximately. $247.4 million,

The Ministry of me Attorney Generaland . Infrastructure Ontario legal teamwas led in-house by Simon Finlayson,Agnes von dern Hagen and Tariq Ta-herbhai. Norton Rose OR LLP acted ascounsel toInfrastructure Ontario and theMinistry of the Attorney General in thestructuring, procurement, negotiationand.setdement of the project documents,with a team that included Sandra Nissan,

ITS w ill receivea nnu al p aymentsfrom MHCP over a3 0-y ea r p erio d.

sented in-house by Beverleassistance from CatherineChris Bennett ofMcMiliallThe lenders to the project(both short and long term)sented by Fasken Martinealin lLP with a team mat inKelsall, Ella Plotkin, MarcClinton and Sean Morley.Clients of AIMCo ComInvestmentOn April 28, 2011, CentS.id., an entity funded bylie sector pension plans anernment funds whose invmanaged by Alberta Invesagemenr Corporationcompleted the acquisition50 per cent interest in Sodesionaria Au topisra Centralpista") from Skanska Kraftska") for proceeds of aUS$887 million.Autopista is the ownerhighway, Autopista Centraago, Chile. CLOSing of thewas conditional on, amongobtaining the approval ofance Corporation ("MBIA"tor of certain outstandingby Autopista.

Lexpert R a n k e d Lawyers

Andrew Pritchard, Victoria Everett, Jo-seph Hillier and Penny Adams.Brookfield was represented by DavisLlP with a team that included AndrewBurton, Yukiko Kojima, Elizabeth Mayer.AIi Owaisi, Jonathan Gilhen and lind-say Krauss. PCl Constructors CanadaInc. was represented by Reynolds MirthRichards & Farmer LLP with a reamthat included Donald Lucky, John PaulJanssens and Mark Hildebrand. Mor-guard Investments limited was repre-

M ullb ack , K le lh R . N ixo n , C h r ls to p h e rW . O 'C alia gh an , S he lle y F . O 'D o he r ty , R i ch a rd Pearce , R . K en n e th S . pe n n ycookM c C arth y T e tr au lt L LP S ti kems n E ll io tt L LP B u ll, H e u ss e r & Tuppe r M cC a rt hy T e tr au tt L LP B l ak e . Ca sse ls & Da vi es W(403) 260-3617 (403) 2669017 lLP (514) 3975467 G raydon LLP Vin ebe rgkmul lback@mccarthy.ca cn i xon@st i keman .com (604 )641-4801 rodoherty@mccart l ly.ca (416) 863-3286 (416)863-5soc@bh t . com kenne th .pea rce@b lakes . cpennycooM r . M u li ba ck 'S r e al M r . N i xo n p r ac t is e s M r . O ' D oh e rt y f oc u se s co mp ro pe rty p ra ctic e e xte nd s d om e stic a nd c ro ss - M s . Q 'C a ll ag h a n a dv is e s o n p ro je c t f in a n ce , M s . P e n nt o l ea s in g , c o nv e ya n cin g , b ord er M & A a nd o n en v i ro nmen t al c o rp o ra te le n d in g a n d M r. P earce spe cia liz e s on fin an ceacqu is ition , sa le s an d co rpo rate fin an ce . I ssues , i nc lud i ng se cu rifiza tlon s. He acts in in lin an e in g for pub lic M &A , PPPfin an cin g . He acts C lie n ts in c lu de oil e n v ir onme n ta l r e vie w pa rt ic u la r f or d e ve lo p e rs an d p riv ate co mp an ie s, re org an iz af o r ma j or l an d lo rd s , a n d g a s e x p lo ra ti on fo r P PP s. S h e a dv is e s a nd fin an cia l in stitu tio ns p ro je cts a nd M & A .. His r e p re se n t st e na n ts a n d d e ve Io p sr s, co rpo ra non s, o i .l fi e ld u t i li ne5 , mu n i c i pa l it i es in th e d ev elo pm e nt a nd e xpe rie n ce em brace s arran g e rsH i s m a nd ate s in c Iu de S9 r vlc e c o r p or at i o n s a nd c om p an ie s in the fi nan cl n 9 o f p ro j acts in e ne rg y-re la te d an d PPP s yn dic ate ss h op p in g c e ntr es , c o- a n d in v e st m en t d e ale r s i ndustr ia l , f inanc i a l, t h e in f ra s tr uc tu re a n d p ro je c ts , in c lu din g h y dr o, in fra str uc tuowne r in te re sts and land in C anada , th e US an d n a tu ra l r e so u rc e . e n e rg y e n e rg y s e ct or s. n atu ra l g as g en era tion de bt offe riSUbdivisions. e l sewhere . a n d d e ve lo pmen t s e c to rs . an d w in d e n e rg y fin an cin g sde ve lopmen ts, tran saction

mailto:kmullback@mccarthy.camailto:cnixon@stikeman.commailto:rodoherty@mccartlly.camailto:soc@bht.commailto:kenneth.pearce@blakes.mailto:cpennycook@dwpv.commailto:cpennycook@dwpv.commailto:kenneth.pearce@blakes.mailto:soc@bht.commailto:rodoherty@mccartlly.camailto:cnixon@stikeman.commailto:kmullback@mccarthy.ca

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B ig De

Gro ud br ei l k in g c er emon y l or t he Qui nteConso li da ted Cour thouse ,Photo : I n fr . st ruc t u re Ontr a lo

Lex pert R anked Law

Pigott, William (Bill) M, Plotkin, Ella Posen, Stephen J. Powell, Kerry R. Quinn, Peter D. Rajpal, DeepakMiller Thomson lLP Fasken Martinesu Minden Gross LLP Gowling Lafleur McCarthy Tetrault LLP Slikeman Elliott(416) 595-8179 DuMoulin LLP (416) 369-4103 Henderson LLP (416) 601-7668 (416) 869-5576wpigott@millerthomSO!1. (416) 855-4489 sposen@mindengross. (403) 292-9805 pquinn@mccarthy.ca drajpal@stikeman.com eplotki!1@fasken.com com kerry.powell@gowlings.

com Mr. Quinn's commercial Mr. Rajpa.I 's pracMr. Pigott's construction Ms. Plotkin focuses- Mr. Posen foe use s on real property embraces PPPs,and procurement law on domestic and complex commercial real Mr. Powell's construction practice focuses on lntrastructure,practice is at the "f ront International project estate and leasing. He law practice embraces construction law, project finance, Jend" of projects and finance with an emphasis acts for sophisticated infrastructure projects project financing, joint ventures and straincI udes execution on infrastructure landlo rds and te nants. and focuses on ve ntu res, aeq ulsitl on s, alliances. His cliestraleg Ies, .servlce. and. PPPs, including A frequent au th or and contracts and l it lgal ion. condominium inctude internationconstruction and representing lenders, lecturer, he has served His clients include develop me nt and conglomerates,equipment procurement sponsors and investors. as arbhrator, mediator owners, contractors environmental law. He dealers, institutionand the corresponding Her PPP experience and expert witness on and governments. His co-authored Real Estate private-equity invcontracts. Includes health, various leasing issues. mandates extend to Practice in Ontario. and investment f

transportation 'and other oil, natural gas and co-Infrastructure. ge ne ratio n pro[acts.

mailto:pquinn@mccarthy.camailto:drajpal@stikeman.commailto:drajpal@stikeman.commailto:pquinn@mccarthy.ca

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2S I B ig Deals

Lex pert R an ked L aw y ers

!Ramsay, ac, LynnMiller Thomson LL P(604) 643 -1201 .lIramsay@millerthomson.comMs. Ramsay specializesin commercial' r",al estatelaw with an emphasison P3s and projectf n anci n g, She providesad vi ce to develope rs ,lenders ,Ia nd lordsandtenants on all aspectsot land dsvelopmentorganization, structureand Iina nc inq ,

Reyno.lds, FCIAr'b.,Bruce R.Borden L a dn e r G e rv a isLL P(416) 367-6255breynolds@blg.comMr, ReyQolds'sc on st ru c t io n :p racti ceembraces the drafting-and, neqotlatlon01 contracts fo rin t ras truc tu re andindu stria I projects,including PPPs. Healsospecial tzes in thelitigation, arbitrationand mediat ion 01constru ction- relatedclaims.

Richer La' Fleche, Erik

Stikeman Ell iott LLP(514) 3973109ericherlalleche@stikeman.cornMr. Richer La Fleche'scornmerclaltransactlonpractice in.Canada andabroad exte nd s 10 PPP s ,inlra structo re, ene rgyand project I inanceoHehas completed mandatesin more th an 25 COUntriesand is a member of theOntar io and QuebecBars.

Rodger, J. Mark

Mr. RumbIina r ic e pe m bra ce sinfrastructI i h a n c e ,road finainstitutioand o th eintermedihis clients

Rubinoff, Fred M. Rumball,

Borden Ladner GervaisLL P(416) 367"61'90mrodger@blg,com

McCa rt l\ Y T e t ra u lt LLP(416) 601-7824Irub.inof@mccarlhy.ca

Slikeman(4 t!6) 86mrumball

Mr, Rodger's energ,ymarkets practicefocuses on thereg u Ia to ry , c o r por at e andgovernment relationsaspects of infrast ructurerenewal in the eIectrici ty,naturalgaa and watersectors. He represents,gove rnments and the'private sector.

M r. Rubinoff's realestate practce inc ludesconstruction financing,land development,seemed transactions,asset pur ch a se s andsale S, and sho pp i n gcentre and office leasing.H i s el ie n ts inel ud e G E ,the TO and the TorontoTransit Commission.

mailto:breynolds@blg.commailto:Irub.inof@mccarlhy.camailto:mrumball@st.ikeman..commailto:mrumball@st.ikeman..commailto:Irub.inof@mccarlhy.camailto:breynolds@blg.com

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AIM Co isa leading institutionalinvestment fund manager, with an in-vestment portfolio of approximately$69 billion. AIMeo invests globallyon behalf of its clients, 26 ension, en-dowment and government funds in theProvince of Alberta. Skanska is a leaderin the global PPP market. The businessunir invests in, develops and operatesroads, hospitals, schools, power plantsand other social infrastructure in part-nership with the public sector.AIMCo was represented by CarolineKowall, Senior Legal Consultant, andJeff Wispinski, Legal Counsel, and byLeland Corbett, Lisa McDowell, BenHudyand Kyle Banbury (corporate);David Weekes and Julie D'Avignon(tax) and Gary Nachshen (pensions) ofStikeman Elliott LLP, and KathleenPenny (tax) of Blake, Cassels & Gray-don LLP. AIMCo was also representedby Jose Luis Letelier, Felipe Benavides,Tomas Vidal and Pablo Menchaca (cor-porate) and Pedro Deutsch (tax) ofCariola Diez Perez-Compos & Cia,Ltda. on Chilean law matters, DanielRosvall, Maria Schulrzberg, Malin Hel-gesen and Josefin Nowen of Advokat-firman Vinge KB on Swedish law mat-tersand by Rueger Zaal and GregoryBeltrame of Loyens & Loeff (USA)

B.Y. on Luxembourg law matters. .Skanska was represented by AgneSandberg, General Counsel, and by Ri-chard Shutran, Betty Cerini and Dan-iel Losk of Dewey & LeBoeuf LLP.Skanska was also represented by Ro-berto Guerrero, Sebastian Yunge, Gab-riela Correa and Benjamin Novoa ofGuerrero, Olivos, Novoa y Errazuriz

US$280,883,OOOcredit facility forth e financing o fthe rehabilita tionand moderniza tionof the M ata lahydroelec tr ic dam

B ig Deal

and Patricio Middleton of Claroon Chilean law matters.MHCP Project Reaches FinaCloseOn January 28, 2011, Mental HCentre Penetanguishene (MHCP)Infrastructure Ontario reachedcial Close with Integrated Teamtions (ITS) to design, build, financmaintain a new forensic mentalfacility.Financing for the MHCP procomposed oElong-term fixed ratecing provided by Sun Life AssuCompany of Canada and The CLife Assurance Company andterm financing provided by NaBank of Canada and The Torontominion Bank. The ITS team foproject indudes Fengate Capitalagement, OE Infrastructure FundLPF Infrastructure Fund and EllInc., together with EllisD6n Cortion providing construction sand Honeywell Limited as servicvider.MHCP is a 3l2-bed psychiatricpital, located in the Town of Peguishene, that provides a range oacute and longer-term psychiatripatient and outpatient.services. In

on Chilean law matters and by PatrikLilieblad, Tom Wehtje, Helena Rieseand Josefin Westin of MannheimerSwarclmg Advokathyra AB on Swed-ish law matters.MBLA was represented by David Rey-nolds and Aaron Levy of Debevoise &Plimpton LLP and by Jorge Martin

Lex pert R anked Law y

Saibi l, Norm Sanders, Doug R. Sanderson, Laurie J. Sandrin, Larry R. Salo, Gordon S. Saul, Dean

Blake, Cassels & Borden Ladner Gervais Gowling Lafleur BUll, Heusser & Tupper McCarthy Tetrault LLP Gowling LafleurGraydon LLP LLP Henderson LLP LLP (416) 601-7682 Henderson LLP(514) 982-4001 (604) 640-4128 (613) 786-0169 (604) 641-4873 gsato@mccarlhy.ca (613) 783"8836normsaibil@blakes.com dsanders@blg.com laulie.sanderson@ Irs@bh\.com dean.saul@gQwlings

gowlings.com Mr. Sate's real estate cornMr. Saibil focuses on Mr. Sanders, also a Mr. Sandr in's commerc ial t ransaction practicefinanci al, real estate, prolessional engineer, Ms. Sande rson p racti ses real estate p racti ce in cl ud es inl rast ructu r e Mr. Saul is commercommercial and business focuses 0n PPPs in the area 01 commercial includes advising on projects, office and administrativelaw. His practice includes and projects in many leasing and has numerous ppp developments, hotels, law counsel to theem phyte utic leases, joint sectors; co nstrucli on exte nsi va ex perie nce in infrastructu re projects, shopping centres, joint tran spo rts lion an dventures, consortiums, and engineering contract ground leasing and the He focuses on major ventures, bank financing, transportation-relatedshareholders' negotiation, drafting and design build process. Her governmen~al approval private placements, fund industries. His pracand management review. He is co-author clients include Ille federal processes in form ation and prlvate- j ncludes repress nlaqresrnents. He of P ra ct ic al L aw o f government and the comprehensive. equity investments. for the road, rail, arepresents corporations, Architecture, Engineering Ontario Realty Corp. development projects, as lntermodal transporbanks, Iende rs and and Geoscience. wel l as development -and service providers aborrowers. leaSing generally. their customers.

mailto:gsato@mccarlhy.camailto:normsaibil@blakes.commailto:dsanders@blg.commailto:laulie.sanderson@mailto:dean.saul@gQwlings.mailto:dean.saul@gQwlings.mailto:laulie.sanderson@mailto:dsanders@blg.commailto:normsaibil@blakes.commailto:gsato@mccarlhy.ca

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30 I B ig D ea ls

tion, MHCP provides Ontario's onlymaximum Secure forensic hospital forclients served by both the mental healthand j ustice systems.The new facility will replace l\1HCP's160-bed Oak Ridge Facility and the20-bed Brebeuf Facility and will have '9.total building area of approx. 350,000sq. ft . an~ :will ~unct,~or: as a s.r~nd-alone tacilicy with distinct services.It will be connected to the e:dstingAdministration and Toanche build-ings.ITS will receive annual pay-ments from MH CP over a 30-yearperiod. These payments encom-pass design, construction, pro-jeer financing, life-cycle repair

and renewal, and buildingmaintenance. The totalvalue of the payments toITS spread over 30 years isapproximately $634.1million.TheMHCPand Infra-

te P la te au W i nd Powe rw il lp ow er m ore than 45,000homes,P M " ! "; R ' " t e "

structure Ontario legal team were ledin-house by Simon Finlayson and Agnesvon dern Hagen of Infrastructure On-tario and by BQrden Ladner GervaisLLP with a team that included RichardShabaa, William McLean, Shane Pearl-man, Dan Boan, Steven Iczkovitz, An-drew Smith and Kaivin Sie.ITS was represented by McMillanLLP with a team that included ChrisBennett, Catherine Doyle, Peter Willis,Rob Scavone, Shahen Mirakian, ValerieGarda and Amaan Gangji. LPF Infra-structure Fund, OE Inhastructure FundL.P. and Fengate Capital ManagemeritLtd. were-also represented by Gowl-ing Lafleur Henderson LLP with ateam that included Paul Harrlcks, AlanJames, Rob Blacksteir, and Johl1 Whyte.The ITS team also included KristenWittman of Taylor McCaffrey LLP.EllisDon Corporation was representedin-house by jody Hecker and Jim Kara-halios (formedy of EUisDon), with sup-port from Peter Schwanz of HarrisonPcnsaLLP.Honeywell Limited and HooeY\'1cJ1Imernationallnc. were led in-house byElliott Gwosdy, with support from A n-drew MacDougall and Tabor Ernak-por of Osler, Hoskin & HarcourtLLP and Louis Hering and

Jesse Jones of Morris, Nic& Tunnell LLP.T he Lenders were represeearthy Tetrault LLP withincluded Byran Gibson, Saphen Curran and Grant BoLe PlateaU Wind PowProject Financing00 May 9, 2011, Le PPower L.P. ("Le Plateau"owned subsidiary of InveLLC, entered into arnent with Royal Bank of"Agent") , as administrationthe lenders party thereto a"Lenders"), establishing pring credit facilities in excesslion (the "Project Financingect Financing related to aenergy generation facility lRuisseau-Ferguson unorgatory in the MRC dAvignon(the "Project"). The Projewill be used for the develostruction, ownership andthe. Project. .RBC Capital Markets,York Branch ("Natixis"),Mitsui Banking Corporation("SMBC"), BaverischeNew York Branch ("BLB")

Lexpert Ra nked Lawyers

Scott, TrevorR. Sebas1iano, RoccoFarr is, Vaughan, Wills &Murphy LL?(604) 66H732tscott@farriscom

Osler. Hoskin & HarcourtLLP(416) 862,5859rsebastiano@osier.com

Mr,.Scott a dv is e s o ninfrastructure acquisitionsand dispositions.He also adv ises onb on d 1 in a n c r n ,g s f orInlrastructu re projects.

M r. Sebastiano, a ls o a neng ineer, focuses onl n fr a st ru c fu r e , PPPs ,procurement andconstruction law..Hea dv i se s 0n prove n t a tl v econtract s tr u ct u rl n g.His cllents includeowners, governmants.developers. lenders,contractors andoperators.

Shabao .Richard. H. Shouldi.ce, Robert R.Borden Ladner.GervaisLLP(416) 367-6262rsMban@blg.com

BOlden L . ad n s r Ge r vai sLL P(604 )l;i404145rshouldice@blg.comMr.5hould ice 'sdo m esn e a n d . cros s-bo rder co r po ra te a n dcommercral Iaw practiceemb r ace s l ol 'o a $ tructurep r oj e c ts . M&A , .e n a rg yand Iransportatfontransactions, andcorporate reorqanlzatlonsand governance.

Mr ..Shaban'Sc o ns tr u c tl on law practiceemb races inl rastructursrenewal, andconstru ction contractsa n d p ro je c t d e liv e rymethods. His cI ientsincIude gove rnments,h osp ita Is , ba nks, owne rs,de v e Iope rs, contracto rs,supp l Ie r s and Insure rs.

Sidnett. Jibay , Godyne N.L.McCa r thy Ietrau I t LL P(416) 6017748gsibay@mccarthy.ca

Fraser MLLP(403) 268jane.sldnecoms . 5 1bay is 0n th e firm's

Boaid 01 Partners. Herpractice fo c uses oninfrastructure, AFPIPPP,project developmentand rea l estate withmore than 25 majorgovernment, hospital,tr an sp orta fio n , u n ivarsityand athletic lacl lilyin fra stru ct u r e projects.

Ms . .S i dn epro ject adco n s tr u c tS he d ra ftspro j ect cop ro vi de sa nd med iand Iitlga5 he alsoArch Itectu

mailto:rsebastiano@osier.commailto:rsMban@blg.commailto:rshouldice@blg.commailto:gsibay@mccarthy.camailto:gsibay@mccarthy.camailto:rshouldice@blg.commailto:rsMban@blg.commailto:rsebastiano@osier.com

5/13/2018 The Last of the Last Spike

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atieve Centrale Raiffe is en-Boerenleen-bank B.A., New York Branch ("Rabo-bank") acted as joint lead arrangers forthe Project Financing. The Lenders.under the Project Financing consist ofRoyal Bank of Canada, Natixis, 5MBC,BLB, Rabobank and Union Bank, Can-ada Branch.The Project is a 138.6 MW windpower project, scheduled for completionin December of 20 I l. The Project willutilize 60 Enercon -70 wind turbinessupplied by Enercon Canada Inc. ("En-ercon ") and will genedtte enough renew-able energy to power more than 45,000homes. .Le Plateau was represented ill Quebec,Ontario and Alberta by McCarthy Te-trault LLP with a team that was led byMarc Dorion, QC, and Kim Thomassin

(energy and project financing) and in-cluded Richard O'Doherty, Mary JeannePhelan and Sabine Andetre-Hali (proj-ect financing); Louis-Nicolas Boulanger(energy and project financing); MathieuLeblanc (energy); Danielle Drolet andMarie-Pier Gosselin, (real estate); Isa-belle Blouin (permitting); Frederic Har-vey and Lindsay Hollinger (tax) of theMontreal office: Sean O'Neill (energy)and Justin Lapedus and Jennifer McGo-ey (project financing) of the Toronto of-

fice and Ira Cooper (project Jinancing)of the Calgary office. Le Plateau was rep-resented in Manitoba by Glen Agar ofThompson Dorfman Sweatman LLPand in the United States by Winston &Strawn LLP by Jim Klempir, MichaelO'Brien and Laurette Petersen. Enerconwas represented by Peter Ascherl (corpo-rate); Jon Holmstrom and Louise Ken-nedy (banking and finance) and Chris-topher Steeves (tax) of Fasken Martin-eau DuMonHn LLP.The Agent and Lenders were repre-sented by Fraser Milner Casgrain LLPwith a team that consisted of Joe Palin,Trevor Morawski, Megan Cole, ColinYeo and Shaun Hohman of the ProjectFinance Group of the Calgary office, andMylany David (real estate and regulato-ry); Barbara Farina, Mylene Henrie andCharles Cote-Lepine (financial servic-es); Ann Bigue and Jan-Martin LeBlanc(First Nations) of the Montreal office.Societe Generale ProvidesFinancing for Angola DamOn May 19, 2011, Societe Generale(Canada Branch) ( "SGC") and Repub-lic of Angola, acting through its Min-istry of Finance, entered a credit agree-ment in respect of a US$280,883,000credit facility for the financing of the

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rehabilitation and modernizationMatala hydroelectric dam andrelated facilities by SNC-LavalinLirnitada, a subsidiary of SNC-LInc. The credit facility consists oftured. export loan, which is inseart by Export Development.C'EDC"). SNC-Lavalin Capitalfinancial advisor.SNC-Lavalin Angola was conto supply goods, works andin connection with the rehabiproject pursuant to an EnginProcurement and ConstructionAgreement with Empresa NacioElectricidade.Societe Generate (Canada Bwas represented byJuliette D'HolSenior Legal Counsel at SGC,Heenan Blaikie LLP, with a teasistingofllan Dunsky, Marie-joseture and Joel Cabelli.Republic of Angola was reprby FBL Advogados of Luanda,team consisting of Guiomar LopTeresinha Lopes.Export Development Canada wresented by Jennifer Sullivan, Sengal Counsel, Legal Services, InsurSNC-Lavalin was representedna Wynn)'cky, Legal Counsel, aHoffman Zukowski, Legal C

Lex pert R anked L aw

Simpson, ae, Robert J. Smeliie, James H. Smith, John Smythe,Scott D. Southam, Gregory G. Steiner, Daniel EFraser Milner Casgrain Gowling Lafleur Lawson Lundell LLP McCarthy Tetrault LLP Davies Ward Phillips & Stikeman Ell iott LLLP Henderson LLP (604) 6319120 (604) 643-7152 Vineberg LLP (604) 631-'1356(403) 268-7021 (403) 298-1816 jsmith@lawsonlundell_ ssmythe@mcCarl'hy,ca (416) 367-6986 dsteiner@stikemanrobert simpson@fmo-Iaw. james.smellie@gowlings, com gSQutham@dwpv.comcom com Mr, Smythe's expertise Mr. Steiner advise

Mr, Smith's business embraces infrastructure, Mr. Southam acts clients regardingMr. Simpson's Mr. Smellie's practice law practice embraces real estate financing as transaction or purchase and saconstruction law focuses on energy representation of large and development, lenders' counsel on infrastru ct ure asspract ice. steeped in his re gu lato ry matte rs, Infrastructu re projects, leasing, acquisitions transpo rtati on, social and and oth er buslnssengineering education, administrative law and including P3s. Notabls and dispositions, and urban redevelopment He was recognizeranges from preparing litigatiol'l. His clie