3 Day Master Class on PPP and Project Finance

Transcription

1 3 Day Master Class on PPP and Project Finance Venue: Radisson Blu Hotel, Dubai Deira Creek, Dubai, UAE Dates: November 2017 Delivery Type: Group Live Duration: 3 Days Non-residential Organised by BRICSA EVENTS For more information, please contact us T: / 12 or marketing@bricsaevents.in

2 3 Day Master Class on PPP and Project Finance Course Information Overview The Middle East needs new infrastructure. Roads, airports, schools, hospitals and housing: the list is enormous and growing. Yet severely limited budgets and deficits continue to prevent government at all levels from delivering the kinds of structural change that has always been needed. In response, Saudi Arabia, Egypt and other countries in the Middle East have moved forward slowly with PPP initiatives. They have every reason to be cautious. Other countries have had a very varied experience with PPP. Challenges remain throughout the continent and are intensifying in the current environment. This course faces these head on and delivers expertise in an interactive environment filled with case studies, group discussions and technical evaluation. Meet Your Course Director Dr. Julian Spencer Roche Real Estate Consultant and Trainer, UK and Australia From an old real estate family in the UK, Dr. Julian Roche worked as an economist for DRI McGraw-Hill and as a partner in a real estate development company with US investments before launching his own real estate consultancy specialising in global data provision. Later he spent five years as a senior consultant to a venture capital company in the UK, where he advised on corporate structure, flotations, trade sales and business valuations. He has also published a number of books on real estate derivatives and business valuations and has presented real estate courses internationally for a number of years. Why attend? The investment industry has changed profoundly in recent years. Today s investment managers and advisors have to deal with a low interest environment, an abundance of new products, robot advisors and new clients' expectations. To continue adding value for their clients, they have to enrich their offering - most notably with alternative investments. Increasing their knowledge of the latest industry news and trends is critical; not only to gain the trust of their clients, but to gain a sustainable competitive advantage. This course will review the main alternative asset classes in depth with a range of current and practical examples. It starts with a review on the latest market and regulatory developments before covering all of the alternative asset classes, with a key focus on Private Equity and Hedge Funds. The workshop will also allow delegates to share their experiences and perspectives regarding various products and interacting with clients. An action plan will conclude the workshop, allowing participants to immediately put their learnings into practice upon their return to the office. Who Should Attend All professionals involved in infrastructure finance from across government and government agencies, project sponsors, contractors, financial institutions including multilaterals and export credit agencies, as well as consulting and advisory firms. This includes: Head of Project Finance Head of Corporate Finance Head of Structured Finance Treasurer Project Manager Accountant Analyst Sales Manager Understand the latest market and regulatory developments Enhance your knowledge of all alternative asset classes Widen your investments offering for your clients

3 3 Day Master Class on PPP and Project Finance Agenda Day One The debate: what should the State provide? The social democratic contract Why involve the private sector Government borrowing in the Middle East and worldwide Case Study: The role of PPP in Vision 2030 What do creditor nations do? Methods for mobilizing private finance Private finance for infrastructure arguments for and against Case Study: The privatization agenda Rationale and objectives of PPP Case Study: PPP experience in the Middle East the good, bad and ugly Benefits and drawbacks of using PPP Case Study: Why is the PPP model not universal? Alternatives to PPP (infrastructure bonds, joint ventures, government financing) Taxation issues at government and private sector level Cross-border restrictions on capital movement The politics of PPP Case Study: Taxation structures for private investment in infrastructure What really matters Getting the structure right from BOO to DBFO Case Studies in structure: Lease-Develop-Operate (LDO) and Wrap-Around Addition (WAA) Achieving design quality Appointing and managing advisers Group discussion: technical skills and the public sector what needs fixing? Appointing and working with preferred bidders Public sector comparators (use, selection, construction and application) Managing long-term delivery of PPP Case Study: corruption and inefficiency in PPP delivery causes, course and consequences Sectoral Analysis: case studies Energy: renewable energy and the future of the grid Transport: toll roads Case Studies: power, hospitals and roads in Egypt what went right, what went wrong Transport: railways Case Study: funding a light rail project in a tight timescale Schools and Hospitals

4 Agenda 3 Day Master Class on PPP and Project Finance Case Study: The Edinburgh Hospital debacle Housing how to mobilise private finance for low-cost housing Case Study: subsidized accommodation in Ireland, lessons learned Office accommodation and commercial property why use the model? National parks and government facilities Case Study: National Parks Hospitals and clinics Case Study: Private hospitals in the Gulf Day 2 Project Evaluation Existing criteria Examples of assessment programmes Case Study: International comparison of best practice guides in PPP experience and their application Feedback systems Capital assessment programmes Planned improvements PPP procedures Initial approval process (outline business case) Publication in national press/journals Formation of bidding consortia The role of economic criteria Separating economic from technical evaluation Case Study: Gulf Treasury procedures compared to PF2 and other international practice PPP monitoring procedures Stakeholders in the PPP process Appeals and arbitration Court case law Case Study: What happens when projects fail? Financing the project Potential financiers Case Study: The role of the Islamic Development Bank Types of funding; terms and tenors (senior debt, bonds, junior debt, equity) The role of Islamic finance in PPP (with examples) Case Study: Review of a PPP funding structure Specific Contract Issues

5 Agenda 3 Day Master Class on PPP and Project Finance Off-balance sheet funding Contract length and size Whole lifecycle costing Syndicated debt - secondary market Asset financing and leasing Debt and inter creditor issues. Special Purpose Vehicles - SPVs and project financing Case Study: how to rate a PPP transaction Credit enhancement any hope now? Islamic finance and legal issues Case Study: Types of project finance structures appropriate for infrastructure finance Guarantees and other forms of credit enhancement Worked exercises: resolving finance and structural issues in infrastructure provision Day 3 Overview of Risk and Risk Allocation Risk evaluation and types of risk Allocation and mitigation of risk Possibility of renegotiation Payment mechanisms Alteration in government policy and the law Case Study: Comparative risk evaluation in water and sanitation treatment plants More to Consider Human Resources Environmental due diligence Third party revenue Organising legal agreements Evolution of PPP Project Agreements and Contracts The Standard PPP Contract Case Study: The standard PPP contract (including guidance and contracts in Africa) Local Government variants Case Study: the UK Local Government contract how useful? Concession Contracts Case Study: Concession contract for a toll road - evaluation Future contract structures The future of private finance for infrastructure Case Study: International comparison of best practice guides in PPP experience and their application The financing of PPP in an era of counter-globalisation Country risk in the new environment Specific issues for PPP/other private finance infrastructure projects Where is government policy and regulation headed in the Gulf? Summary and conclusion remarks

6 PPP and Project Finance November 2017 Course Duration - 3 Days Radisson Blu Residence Dubai Marina, Dubai, UAE Sales Contract Please write in BLOCK letters DELEGATE DETAILS COMPANY DETAILS Company Address: City: Tel: Country: AUTHORISATION Name Position Date Signature* : : : : / / COURSE FEE: Course fee will cover training materials, luncheon and refreshments for the respective training days. This course is non-residential hence participants need to take care of the accommodation and logistics separately. For accommodation you may contact us to get a special rate at the venue. I/we hereby confirm to the above and authorise our participants. * This booking is invalid without signature. BOOK EARLY SAVE US$ 400 Early Bird Discounts Register before Sept 30, US$2590 Register before Oct 31, US$2790 Final Price.....US$2990 Group Discounts* 3-4 Delegates 10% 5 Delegates 15% *please note that all group discounts are given on the final price marketing@bricsaevents.in 3 Easy ways to Register TERMS & CONDITIONS 100% payment of the full amount upon receipt of the invoice. All cancellations must be done in writing. Full refund for cancellations will only be paid to a maximum of one week from the invoice date. 50% refund for cancellations will only be paid to a maximum of two weeks from the invoice date. No refund for cancellations done after 2 weeks from the invoice date. Substitute is always welcomed; if not possible a credit note will be given which can be used for any of Bricsa Events up to 1 year. Force Majeure/indemnity: If the event is postponed, canceled or abandoned by reason of war, fire, storm, explosion, national emergency, labor dispute, strike, lock-out, civil, disturbance, actual or threatened violence by any terrorist group, or any other cause not within the control of our organization, we shall be under no liability to Company for non-performance or delay in performance of obligations under this contract or otherwise in respect of any actions, claims, losses (including consequential losses) costs or expenses whatsoever which may be brought against or suffered or incurred by Company, as the result of the happening of any such events. Complaint and Refund: For more information regarding administrative policies such as complaint and refund, please contact us at: Tel: , Fax: , marketing@bricsaevents.in Governing Law: This contract shall be governed by and construed in accordance with the Laws and Regulations of India and the High Court of Bombay shall have exclusive jurisdiction without regard to conflict of law provisions.