PPP Masters Training Institute
Washington, DC Jun 7-10, 2011
- Gain a comprehensive understanding of Public-Private Partnerships
- from Quantitative, Technical, Financial, Political and Legal experts - Match all major quantitative and qualitative elements of PPPs
- Build an extensive concessionaire bid model
- Learn to effectively negotiate Terms & Conditions from the model
- Identify crucial relationships between project documents and financing
- Engage in current market discussions with active practitioners from all fields of PPP
WHO SHOULD ATTEND
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FEATURED PRESENTERS
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COURSE OBJECTIVES
A first-ever dissection of the anatomy of an actual PPP deal... and more! Public-Private Partnership Masters Training Institute effectively brings together essential PPP quantitative, technical, financial, political and legal components - in one single event. Learn from those who have "been there and done that" on how to pick the right deal, including shaping the politics, the financial model and the procurement process.
The growing need for infrastructure, coupled with competing projects on limited available resources, is giving increasing attention to Public-Private Partnerships ("PPPs"). A PPP can be a complex process with several differing views - from concept to execution. Ensuring a PPP undertaking makes it across the finish line demands the collaboration of several different industry fields. All of these industry players are assembled under one roof for this comprehensive training event.
From technical-and-legal to analytical-and-financing, none of these elements are mutually exclusive. The instructors assembled are highly-trained professional practitioners with billions of dollars of project experience who will walk course participants through the "do's" and the "don'ts" of a successfully structured PPP project.
Starting with the analytical, participants are given a case study that takes an infrastructure project from Request-for-Proposal ("RFP") through contractual structures and finally to due-diligence financial close, all the while using quantitative methods to negotiate project and financing Terms and Conditions, including a view on Value-for-Money ("VFM") calculations. A primary objective of this section is to demonstrate how contracts and credit facilities should dove-tail from a risk-reward analysis perspective. This session takes great lengths to demonstrate commercial concerns for each respective participant.
Next, the course ties in technical aspects of the project. While the analytical may have some basic assumptions, how are they derived? This session looks at cost estimations from both top-down and bottom-up, examining life-cycle costs, capital-costs estimations and contingencies, among several others. This portion also explores VFM calculations and payment mechanisms from a technical viewpoint, along with important calculations on Liquidated Damages ("LDs") for non-performance.
"People don't sign models, they sign contracts" is the mantra of the legal section of the course. Participants are alerted to the pitfalls that occur when documenting projects. This session demonstrates how financial models and project documents must accurately reflect what is being structured. Legal also examines qualitative issues surrounding PPP projects, along with a more macro view on why and how parties can set the framework to ensure the possibility and potential success of the undertaking.
COURSE OUTLINE
Tuesday, June 7 and Wednesday, June 8
Focus: Quantitative/Financial Modeling. Presenter: VAIR
| Part 1 | Project Finance for PPP |
| Part 2 | The Role of the Model and Common Rules |
| Part 3 | The Risk Matrix |
| Part 4 | Introduction of the Case Study |
| Part 5 | The Project Documents and SPV Structuring |
| Part 6 | The Assumption Page |
| Part 7 | Revenue: Availability vs. Service & Unitary Payment |
| Part 8 | Operations |
| Part 9 | Construction |
| Part 10 | Insurance |
| Part 11 | Taxes |
| Part 12 | Depreciation |
| Part 13 | Financing(s) |
| Part 14 | The Income Statement |
| Part 15 | The Balance Sheet |
| Part 16 | The Statement of Cash Flows |
Thursday, June 9 (Morning)
Focus: Quantitative/Financial Modeling. Presenter: VAIR
| Part 17 | Equity Returns |
| Part 18 | Loan Values |
| Part 19 | "Pricing the Deal" and Analysis |
| Part 20 | Documenting Changes to the model |
| Part 21 | Non-Performance Analysis |
| Part 22 | Value-for-Money Calculations |
Thursday, June 9 (Afternoon)
Focus: Technical. Presenter: HALCROW
| Part 1 | Cost Estimations: Construction/Capital, Routine Operation and Maintenance, Life-Cycle, Toll Operations, etc. |
| Part 2 | Risk Analysis and Development of Contingencies and Risk Management Processes |
| Part 3 | Value-for-Money Analysis (qualitative and quantitative) |
| Part 4 | Payment Mechanisms |
| Part 5 | Deduction & Abatement Mechanisms and Calculation of Liquidated Damages |
Friday, June 10 (Morning)
Focus: Legal. Presenter: McKENNA LONG & ALDRIDGE
| Part 1 | Political, Legal and Regulatory Risks |
| Part 2 | New PPP Geographic Markets |
| Part 3 | Selecting the Right Deal to Chase |
| Part 4 | Shaping the Politics of the Deal |
Friday, June 10 (Afternoon)
Focus: Financial. Presenter: ING
| Part 1 | Financing Different Types of PPPs: Tenor of Financing, Comparing Greenfields and Brownfields, Comparing Demand Risk vs. Availability-Based Financing, Perceived Financing Risk (appropriation, toll services), Construction |
| Part 2 | Impact of Government-Supported Financing: TIFIA, PABs,Appropriation, Milestones |
| Part 3 | Covenants and Model: Key Covenants, How Does the Model Live Together with the Termsheet and Financing Documents |
VENUE
The Mayflower Renaissance Washington, DC Hotel
1127 Connecticut Avenue NW - Washington, District of Columbia 20036 USA
Opened in 1925 and quickly labeled Washington, DC's "Second Best Address"
by President Harry Truman, The Mayflower Renaissance Washington, DC Hotel
is the Progressive Grand Dame
Comprehensive PPP training sessions will be conducted 9:00am-5:00pm daily. Course participants will enjoy continental breakfasts, networking lunches and afternoon refreshments, included in the registration fee. Special keynote speakers will be featured during group luncheons. All attendees are invited to join instructors, presenters and fellow course delegates for a Cocktail Reception at The Mayflower Lounge on Thursday evening, June 9th.
For guest-room accomodations, please enquire at Tel +1 800 228 7697 or online at www.marriott.com
