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Edinburgh, Scotland. Greta was not born yet… but she could be smiling for ours to a project like this. The vehicle? A complex PPP scheme led by Transport Initiatives Edinburgh (TIE) with multiple contractors, including Bilfinger Berger and Siemens. ​ What actually happened?
Lawyers paradise… Who sued who?
2014 — The first line finally opens. The political fallout?
Brutal lessons:
Moral: I have other interesting and horror stories about my last project in the link below.
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Something worse than pricing a mega-project with consultants? Adding a second consultant to “validate” the price. Worse? A third one doing a peer review. Don’t laugh. This happens… Every day. Governments behaving like headless chickens. Not knowing what to do… but doing something anyway. Anything. Because “we need robust numbers.” Because “we need to protect public money.” So they spend millions… just to feel safe. Good luck with that. Let me simplify it for you. When you renovate your...
They thought the deal was done. Preferred bidder. Banks aligned. Lawyers billing like there’s no tomorrow. Financial Close… just weeks away. Then Lehman Brothers collapsed (2008). And across the world… PPP deals froze. In the UK, dozens of Private Finance Initiative (PFI) projects suddenly faced: No liquidity Banks pulling out Margins exploding Some survived. Many didn’t. I remember those days well… as I was parachuted to the A30 Project in Montreal whose financial closed happened end of...
Someone lied to me yesterday. And not even a good lie. A lazy one. A client texts me on WhatsApp: “Aqualia came. They say we need to build an additional drainage point to install the final water meters. We have 10 days.” 10 days. That was the giveaway. Let me translate this for you. Aqualia. The most incompetent utility provider in Spain after Endesa (about those guys, I can talk another day). The same Aqualia that took 7 months to even show up. Now suddenly… they give us 10 days? Come on....