Could California's governor advisor on PPP benefit from new PPP projects?

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A company with close personal and financial ties to the California's governor economic advisor (Babcock&Brown) is said to be positioned to benefit from California's steps to include private investment in public infrastructure.Between 2004 and 2007, Crane (california's governor advisor) reported more than $700,000 in income related to Babcock, including deferred compensation that he described as fees he was still owed from former clients, and proceeds from real estate investments in public-private partnership projects, such as courthouses managed by Babcock in the United Kingdom."There is nothing that Babcock & Brown could do, or any company in public-private partnerships, that could benefit me," Crane said, according to L.A Times.These comments about Crane could slow down PPP legislation development in California and new projects appearance.The projects the administration wants built privately include a $6-billion truck tollway between Los Angeles and Long Beach and the $1-billion replacement of the Schuyler Heim Bridge in the Port of Los Angeles, according to administration documents.All speculations on David Crane's possible illegalities will be commented here but from my point this is just a mere response to private investment in infrastructure in the state. This company, Babcock and Brown have not executed any PPP contract in California, as far as I know.

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