PwC ranked top Financial Adviser for Canadian PPP projects

TORONTO, November 13, 2008 — PricewaterhouseCoopers (PwC) Canada has been ranked the top Financial Adviser — Canada Public-Private Partnerships (PPP) from 2004 to October 2008, in terms of both number of deals and dollar volume, by Project Finance magazine. Over the past four years, PwC was engaged on a leading total of six PPP deals worth close to $3 billion.

"PwC has worked on a number of important PPP projects, helping to link the public and private sectors to develop a clear and common purpose, " said Rod Johnston, PwC partner and National Infrastructure & Project Finance practice leader. "This ranking is recognition that we deliver a distinctive experience for our clients and provide effective solutions to get projects completed."

Shamshad Madhok, managing director, PwC's Infrastructure & Project Finance practice, adds, "Despite continued difficulties in debt markets and constraints in construction capacity, the pipeline of PPP deals in Canada is growing. We look forward to continuing to meet the needs of governments, communities and investors by delivering value at the public/private interface."

Between 2004 and October 2008, PwC played an important role in helping to understand and solve the complexities involved in transactions in a number of high profile deals. Some of these include:

• Advisor to Alberta, Infrastructure & Transportation for the $650 million North East Stoney Trail road project
• Advisor to Infrastructure Ontario for the $511 million North Bay Regional Health Centre joint redevelopment project
• Advisor to Canada Line Rapid Transit Inc. on the $1.9 billion Canada Line (formerly Richmond Airport Vancouver Line) automated rail-based rapid transit service
• Advisor to the Quebec Ministry of Transportation on the $500 million Highway A25, Québec's first PPP in the transportation sector

PwC's PPP experience lies in its Infrastructure and Project Finance (IPF) practice. Organized by infrastructure and service industries, the practice is a connected global network of over 400 PPP advisors who provide personal, hands-on service. In Canada, more than 20 experienced professionals with strong industry and technical skills deliver advice through our Toronto, Montréal and Vancouver offices. For more information, visit www.pwc.com/ca/ipf.

About PricewaterhouseCoopers
PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 155,000 people in 153 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice. In Canada, PricewaterhouseCoopers LLP (www.pwc.com/ca) and its related entities have more than 5,200 partners and staff in offices across the country.

“PricewaterhouseCoopers” refers to PricewaterhouseCoopers LLP, an Ontario limited liability partnership, or, as the context requires, the PricewaterhouseCoopers global network or other member firms of the network, each of which is a separate and independent legal entity.