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Capital Cities Build PPP Disasters. Small Towns Build Infrastructure.
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Some of the worst PPPs in the world come from capital cities trying to look impressive. Huge buildings. Architectural statements. Politicians cutting ribbons. And budgets exploding. But some of the best PPPs? They come from places nobody talks about. Take Ferguson Place Recreation Centre PPP. It sits in Fort St. John, Canada… Oh Canada! Population: about 21,000 people. Not exactly Tokyo. The city needed something simple: A recreation centre. Swimming pools. Ice rinks. Fitness facilities. Community spaces. Nothing glamorous. Just common sense stuff. And they made one important decision. They procured it as a PPP with support from Partnerships BC… they type of agency I’m an advocate in New Zealand… but well… this is for another story. The private consortium, led by Plenary Group and PCL Construction, designed, built, financed and maintains the facility. Financial close: 2018. Project value: about CAD $100 million. The payment mechanism? Simple. Availability payments. If the facility works, the city pays. If it doesn’t, deductions apply. No traffic forecasts. No political theatre. No heroic architecture. Just a building the city actually needed. The result? The project was delivered. The facility works. The city has long-term maintenance locked in. No headlines. No scandals. Just infrastructure doing its job. And that is the quiet truth about PPPs… especially when they don’t appear in the press. Some of the worst PPPs in the world come from capital cities trying to look impressive. And some of the best ones? Come from small towns that just want a building that works. Pure and simple. Just as the course you can find below. ​The 100 Q&A You Must Know about PPPs​ PD 1: If you liked this email, don't keep it in secret and forward it to a friend. They will thank you enormously one day. PD 2: If somebody has sent you this email and you want to receive emails like this yourself, visit vicentevalencia.com PD 3: If you want unsubscribe, click the link below. |
Vicente Valencia
I talk about Personal Growth, Management, Infrastructure and More | 👇JOIN +2k readers 👇
A toll road. In one of the richest regions of Europe. Northern Italy. Lombardy. Industrial powerhouse. Traffic everywhere. What could possibly go wrong? The project was called the Autostrada Pedemontana Lombarda. A massive motorway designed to connect cities north of Milan and relieve congestion around the region. On paper, it looked like a dream. Economic powerhouse region. Millions of inhabitants. Constant truck traffic. Banks were queuing to through their money to the asphalt plant. Making...
The system worked perfectly. The satellites tracked the trucks. The software calculated the tolls. The invoices were ready. The gantries were already installed across France. 173 of them. Steel structures over highways, quietly waiting for trucks to pass and pay. The project cost almost €1 billion. It was called the Écotaxe Poids Lourds. The idea was simple. Heavy trucks should pay for using the roads. Especially foreign trucks crossing France. Elegant. Who would say no to such a great idea?...
My wife had been unsuccessful for a while. She tried three times. Her ads expired those three times. $75 the higher bid. She wanted at least 100$ for an almost new bike that our son used 5-10 times max. She published the ads with 100$. The price new: 160$. She told me. I listened. Shall I call the buyer that offered me 75$? No, I said. Increase the price to $120 in the ad. Seriously? But new it’s 160 and this one is almost 2 years old. 120$, go, try. 24 hours later… Sold, 100$. WOW! My...