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Leading Lawyers
Under 40 Gala Dinner and Awards
Presentation | |
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2007 Lexpert Law
Student and Associate Recruitment Guide
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The Canadian Legal
Lexpert Directory 2007 | |
|
 |
Beyond Bricks
& Mortar | |
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The 2007 Guide to
the Leading 500 Lawyers in
Canada | |
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2006/2007
Lexpert/CCCA Directory | |
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 | |
| Amount: |
1.9B |
| Date
Closed: |
Jul 29
2005 |
| Published
in Magazine: |
Nov 01
2005 |
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| ADVERTISEMENT | On
July 29, 2005, RAV Project Management Ltd.
(RAVCO), InTransit British Columbia Limited
Partnership (InTransit BC) and the Greater
Vancouver Transportation Authority (GVTA) closed
its long-term concession agreement for the design,
construction, partial financing, operation and
maintenance of a 19.5 km rapid transit line
connecting downtown Vancouver with the City of
Richmond and Vancouver International Airport
(YVR). The project has an estimated design and
construction cost of approximately $1.9 billion
(2003$) and is the largest public-private
partnership (P3) yet to be implemented in Canada.
It is also the first rail P3 in North
America.
RAVCO is a subsidiary of GVTA and
was created to procure and manage the
implementation of the project as a public-private
partnership. The public funding for the project
will be provided to RAVCO by the Government of
Canada, the Province of British Columbia, GVTA,
the Vancouver International Airport Authority and
the City of Vancouver.
InTransit BC is a
single purpose entity formed to implement the
project. Concurrently with the execution of the
concession agreement, InTransit BC entered into an
engineering, procurement and construction
agreement with SNC-Lavalin Inc. (SNC) for the
design and construction aspects of the project. It
also entered into a 30-year operating agreement
with InTransit BC Operations Ltd. for the
operation and maintenance of the line. To finance
its capital contribution to the project, InTransit
BC raised equity through the placement of limited
partnership units with SNC, entities managed by
British Columbia Investment Management Corp.
(bcIMC) and the Caise de dépôt et placement du
Québec (the Caisse). InTransit BC also arranged
for debt financing through a long-term loan to an
intermediary from a group of European banks led by
Société Générale, Norddeutsche Landesbank
Girozentrale and Bank of Ireland.
RAVCO was
represented by Bull, Housser & Tupper LLP with
a team that included John Haythorne, Greg Lewis,
Larry Sandrin, Jay LeMoine, James Sutcliffe,
Shelley O'Callaghan, Sandra Carter, Max Collett
and Andrew Francis. Morley Koffman, Q.C., of
Koffman Kalef also advised RAVCO, acted as their
corporate counsel and negotiated all of the
funding agreements on their behalf.
InTransit
BC and SNC were represented by SNC's in-house
counsel, David Chemla and Raymond Favreau, and by
Davis & Company LLP with a team that included
Doug Buchanan, Warren Downs, Don Bell, John
Saunders, Doug Morley, Linda Parsons, Jacqueline
Kelly, Rowland McLeod, Yukiko Kojima, Ruby Chan
and Kate Bake-Paterson.
GVTA was
represented by John Smith and Nathan Daniels of
Lawson Lundell LLP. GVTA was also represented by
Gigi Chen-Kuo, general counsel. Alex Petrenko of
Clark Wilson LLP acted for YVR. Peter Fairey of
McCarthy Tétrault LLP and Maria D'Archangelo of
the legal services branch, Ministry of the
Attorney General, acted for the province at
various times during the course of the
transaction. The federal government was
represented by Francis Savage of the federal
Department of Justice.
The cities of
Vancouver and Richmond were represented by Ross
MacDonald of Stikeman Elliott LLP, who worked with
Frances Connell, director of legal services for
the city of Vancouver, and Phyllis Carlyle,
solicitor for the city of Richmond.
Andrew
Ivison, Trevor Butcher, Elizabeth van Ulft and
James Thomas of CMS Cameron McKenna LLP were UK
counsel to the lenders. The lenders' Canadian
counsel was Davies Ward Phillips & Vineberg
LLP's Carol Pennycook, Melanie Koszegi, Tarne
Whiteley, Timothy Moran, Greg Southam and Derek
Vesey (securities), Alexandria Pike
(environmental) and Siobhan Monaghan and Colin
Campbell (tax).
bcIMC was represented by
Anne Stewart, David Zacks and Joanne Lysyk of
Blake, Cassels & Graydon LLP, and, in regard
to taxation matters, Reinhold Krahn of Lawson
Lundell. The Caisse was represented by Robert
Côté, vice-president, legal affairs, private
equity, and by Marc Dorion, Q.C., Kim Thomassin,
Byran Gibson, Tim Kwan, Roger Taplin, Claude
Desaulniers and Corrie Stepan of McCarthy
Tétrault. |
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who are also ranked in the Lexpert Directory are
displayed in green. | |
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