November 21, 2022
Mark Bain, Partner at Torys LLP, saluted at P3 2022 as he announces departure as CCPPP board chair
Successor to be named at Annual General Meeting on November 30
Leading Canadian infrastructure and project finance lawyer Mark Bain is
stepping down after six years as CCPPP's chair of the board of
Bain, a Partner at Torys LLP, made the announcement today
in front of a crowd of more than 800 leaders in finance, engineering,
law, construction, O&M, procurement and consulting gathered for the
opening of P3 2022, the 30th anniversary of the Council’s annual
“It’s been a tremendous honour to serve for more than 20
years on CCPPP’s board, including the last 6 years as Chair,” he said.
“The P3 market and the Council have grown and matured in tandem. The
Council has provided me with a fascinating opportunity to observe and
help shape policy discussions on public-private partnerships, champion
changes needed to evolve the model and learn from the best in the
business across Canada and globally.
“I would like to thank my fellow
volunteer board members and staff — those serving with me now and those
that I’ve had the pleasure of working with in the past. Your market
awareness, your friendships, your senses of humour and your dedication
have been tremendously inspiring.”
Known as a soft-spoken, diplomatic,
meticulous and collaborative leader at the table, and an effective
negotiator, Bain is consistently named one of the top lawyers in his
field with an incredibly deep knowledge of the ‘made in Canada’ P3 model
and the intricacies of project agreements. Over the past 30 years, he
has acted on more than 80 major P3 transactions across Canada and
internationally, and has been lead counsel on many pathfinder and
notable transactions recognized by the Council.
As Chair, Bain oversaw
the development of an updated Strategic Plan, responses to the COVID-19
pandemic, increased engagement with members on market challenges, an
increase in board diversity, and the recruitment and onboarding of the
Council’s new President and CEO Lisa Mitchell.
Fellow CCPPP board
member Steve Nackan, Executive Vice President & President, Aecon
Concessions, saluted Bain this morning at P3 2022, noting how much of a
pleasure it has been to serve with him on the board.
“I believe I
speak for everyone here today — and the entire Canadian P3 community —
when I say thank you for your tireless work, leadership, wisdom and
dedication to the Council and the whole industry,” he said.
comments were echoed by Johanne Mullen, Vice Chair of CCPPP’s board of
directors and Partner, National Capital Projects and Infrastructure
Leader, PwC Canada.
“Mark perfectly exemplifies the most important ‘p’
in P3. He’s all about fostering partnerships and finding common ground
where both the public and private sector benefit. He has been a
tremendous asset to the growth of our industry and to members of the
Lisa Mitchell also thanked Bain for his guidance and
unflagging enthusiasm in her first year as CCPPP’s President and CEO:
“Mark’s knowledge, kindness and sense of humour have been invaluable as
we work to evolve the Council’s vision and mission in this evolving and
“The P3 sector — though sometimes challenged —
remains tremendously dynamic,” Bain added. “Well structured P3s continue
to offer tremendous value for Canadians and deliver quality
infrastructure, services and management. With strong leadership in place
and a renewed strategic vision, the Council is well poised to continue
to support and influence the next generation of P3s. Though I’m stepping
down from my board duties, I will continue to be actively involved in
the industry, and Iook forward to celebrating the Council’s ongoing
His successor will be named following CCPPP’s annual general
meeting on November 30.