In Canada, the proponents of some of the first P3s here in Ottawa just walked away from it, and the government had to pick it up. They didn't go bankrupt. One was backed by a U.K. firm, the other by Sensplex. Three years into the 30-year project, they said they wanted more money because the revenue wasn't there. The City of Ottawa caved in and gave them more money.
There haven't been many bankruptcies, partly because they say they're going to need more money. I think there is a lot of money in it anyhow, partly because there isn't a demand risk. The problem here is that there will be that demand risk, the revenue risk with these infrastructure bank projects, so there is a higher possibility for them to go bankrupt.
Most of the P3s in Canada are backstopped. They have guaranteed availability payments from the government. There are a few exceptions, but most of them have guaranteed revenues, so there is less possibility that they would go bankrupt.
Hamilton water.... I don't know if that went bankrupt but it was started by Enron. There are a number of different examples there.