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Aimed at Governments, Heads of Infrastructure Finance from the European banking community and other senior rail strategists, this highly focused one day summit provides an essential meeting place for all decision makers involved in, or considering, PPP as a means of financing rail infrastructure

Hear presentations on:
  • Whether PPP is the financing solution for rail infrastructure – the EIB perspective
  • Why banks invest – case studies on major rail PPP across Europe
  • The UK privatisation experience and the evolving role of private finance – a UK government perspective
  • What role PPP/PFI will play in future investment in CEE rail projects – a regional analysis
  • A lenders’ perspective that focuses on traffic risk in rail projects
  • Railway stations: an emerging asset class? Opportunities for both public sector and lender
  • EU support for TEN Transport PPP – a European Commission update
  • From opponent to advocate: dealing with public and workforce opinion – lessons you can learn
  • An overview of the Brenner Railway Axis – progress so far, finance required and PPP possibilities in later stages
Speakers include:
ING Bank, Han Claessens,
Head of Infrastructure Finance
DEPFA BANK, Christian Kummert,
Managing Director
Royal Bank of Scotland, Kevin Maddick,
Senior Director
European Commission, Joachim Schneider,
Directorate-General for Energy and Transport, Unit B1 – TransEuropean Network Policy
Community of Railways and Infrastructure Companies, Ad Toet,
Advisor Central and Eastern Europe
European Investment Bank, Ale Jan Gercama,
Managerial Advisior, Directorate for Lending Operations
Simmons & Simmons, Juliet Reingold and Rachel Robinson,
Partners, Projects Group
Grandi Stazioni, Massimo Paglialunga,
Head of International Projects
Department for Transport (UK), Mark Lambirth
Director, Rail Strategy and Finance
…and featuring Lewis Adams OBE, International Industrial Relations Consultant and former General Secretary, ASLEF – UK train drivers union

Also including two half day workshops: "PPP Training Course" and "Become an Informed Client" on the 27th of May- take the opportunity to learn about the processes involved in utilising PPP as a finance option.

Conference programme

8:30 Registration and Coffee

9:00 Chairman's opening remarks

Johannes Seiringer

Johannes Seiringer, General Manager PublicPrivate, Head of Project Finance, Investkredit Bank A G

From January 2003 Johannes Seiringer has been working for the Investkredit Bank AG and is responsible for project financing, PPP and infrastructure projects.

Within the Investkredit group, Johannes is Managing director for the Public Private Consulting GmbH & Co OEG, which offers financial advisory activities for PPP projects. From 1994 to 2002 he has been Managing Director of the Austro Control GmbH, the outsourced Austrian air traffic control, where he was responsible for the public area among other things. Before he was a dedicated employee in the Ministry of Economic Affairs as a political-economic advisor of state secretary Mrs. Fekter (1991-1994).

9:10 PPP: LEARNING FROM THE UK EXPERIENCE

Lew Adams

Lew Adams, International Industrial Relations Consultant, Strategic Railway Authority

  • The railway experience
  • Public Private Partnerships objectives
  • Trade Union concerns relating to PPP/PFI
  • The honest approach
  • What Trade Unions require
  • Conclusions: win-win aspiration
  • Lewis Adams is the former General Secretary of the British Train Drivers’ Union ASLEF. In this position he provided leadership and direction during the privatisation of Britain’s Railways. Initially an opponent of PPP/PFI in rail, Mr Adams now believes this to be one of the key financing strategies in maintaining a strong rail industry. He is currently an International Industrial Relations Consultation and an authority on PPP issues.

    9:40 PPP RAIL PROJECTS IN EUROPE

    Han Claessens

    Han Claessens, Director, Infrastructure Finance , ING Bank

  • HSL South
  • HSL Perpignan – Figueras (France/Spain)
  • Liefkenshoek rail tunnel (Belgium) / TGV rail projects in France
  • Lessons learned
  • ING offer a wide range of services including Government/sell side advisory, bid advisory and Infrastructure debt and equity.  Involved in multiple rail deals across Europe work includes the first cross border high speed train line financed by the private sector (Perpignan – Figueras HSL in 2005) for which they won industry awards. 

    Han Claessens heads the Amsterdam based Infrastructure Team, current projects include advising on the €600m Liefkenshoek availability based rail tunnel (Belgium).

     

    10:10 FUNDING RAIL PROJECTS

  • Key features required for successful project financing
  • Key risks in rail PPP projects
  • Optimising risk allocation
  • Outlook for rail PPP projects
  • Simmons & Simmons advise clients worldwide in all sectors of the railway industry and on all legal aspects of their business.  Major  rail PFI/PPP projects on which they have advised include the Channel Tunnel High Speed Rail Link (CTRL), London Underground PPP , the Sunderland Metro PPP and advising the Irish Republic’s Department of Public Enterprise on the policy frameworks for PPP in the rail industry.
    Juliet Reingold heads up the firm's Rail Group and advises Network Rail and Transport for London. David Nelligan is a project finance lawyer and is currently advising the lenders supporting one of the autobahnplus consortium on the A - Model roads projects in Germany including the A8  Road Project

    Juliet Reingold

    Juliet Reingold, Partner, Simmons & Simmons

    Rachael Robinson

    Rachael Robinson, Solicitor, Simmons & Simmons

    10:40 Morning Coffee

    11:10 THE FUTURE ROLE OF THE EIB IN THE CEE REGION

    Ale Jan Germica

    Ale Jan Germica, Managerial Advisor, European Investment Bank

  • Objectives and priorities of the EIB
  • The role of the EIB in CEE rail
  • Risks of investing
  • Reasons for investing
  • Is this the answer to building rail infrastructure in the region?
  • The European Investment Bank’s Structured Finance and Advisory Department has a special focus on activities under the Trans-European Network Investment Facility (TIF).  Seeking to accelerate the implementation of the Trans-European Network programme, including expansion into neighbouring countries, they focus on the transport sector.  Activities include the development of new financial instruments for that purpose and supporting the EIB’s lending activity through Public-Private Partnerships.

    11:40 EASTERN EUROPE AND PPP/PFI IN RAIL

    Ad Toet

    Ad Toet, Director, Community of European Railways & Inftrastructure Companies

  • Financing of rolling stock through PFI
  • Financing of real estate through PFI
  • A scope for financing networks in rail?
  • The CER brings together 54 railway undertakings and infrastructure companies from the right across the European continent. It represents all of their interests to the European Parliament. 
    Ad Toet has particular responsibility for providing and delivering CER support to governments from the CEE region

    12:40 Networking lunch

    14:00 CHALLENGES IN PPP RAIL FINANCING

    Kevin Maddick

    Kevin Maddick, Senior Director, Infrastructure Finance Group, Royal Bank of Scotland

  • What are the key risks for funders
  • The experience of risk
  • Appropriate public vs. private sector risk allocation
  • Managing the risks
  • Efficient funding structures
  • RBS has been involved in the majority of PPP rail transactions both in the UK (Altram Manchester, Tramtrack Croydon, Docklands Light Rail Scheme (Woolwich-Arsenal extension), Nottingham Light Rail, Chiltern Railways, the LUL Metronet PPP’s and Docklands Light Rail Scheme (City Airport extension)) and elsewhere in Europe (Arlanda Stockholm, Metro de Tenerife, Florence Light Rail, Dutch High Speed Rail Link and Perpignan-Figueras Rail Link). RBS has had various roles, including senior debt arranger/underwriter, equity sponsor and financial adviser, both to the private and public sector.

    Kevin Maddick is Head of Transport at RBS Project Finance and has 10 years experience of the financing of PPP infrastructure transactions in the UK, mainland Europe and North America. Specifically in rail, Kevin lead the MLA role for RBS in the £2.6 billion senior debt financing to Metronet Rail for upgrade and maintenance of the LUL network over 30 years, and prior to this was seconded to Metronet Rail whilst with Balfour Beatty.

    14:30 TRAFFIC RISK IN RAIL PROJECTS

    Christian Kummert

    Christian Kummert, Managing Director, DEPFA Bank Plc

  • Traffic related risks
  • Payment Schemes
  • Traffic forecasts
  • Lenders’ requirements
  • Outlook
  • DEPFA BANK Is actively advising on and funding essential public infrastructure projects, including rail, in the European Union, the CEE region, Australia, Canada, Japan and the U.S.A. Christian Kummert is primarily responsible for the arranging and financing infrastructure projects in Europe.

    Christian Kummert is primarily responsible for arranging and financing infrastructure projects in Europe.

    15:00 POSSIBLE EU SUPPORT GOT TEN TRANSPORT PPP

    Joachim Schneider

    Joachim Schneider, Directorate-General for Energy and Transport, Unit B1 - Transeuropean Network Policy, European Commission

  • Increasing financing needs for TEN transport project
  • Role of the private sector
  • EU guarantees for TEN transport project
  • Availability payment support for TEN transport projects
  • Other forms of support for TEN transport PPPs
  • Trans-European Networks for Transport include all European Transport infrastructures which carry international traffic and which are included in the Community guidelines for the development of the trans-European transport network, as amended by decision No 884/2004/EC of the European Parliament and the Council.

    Joachim Schneider's task is to coordinate the development of policies and capacities to increase private sector participation in the implementation of TEN projects

    15:30 Afternoon tea

    16:00 UK PRIVATISATION EXPERIENCE AND THE EVOLVING ROLE OF PRIVATE FINANCE

    Mark Lambirth

    Mark Lambirth, Director, Rail Strategy & Resources, Department For Transport

  • How rail privatisation was originally structured
  • Consequences of privatisation and lessons learned
  • The Government’s role as specifier
  • The private sector’s roles in delivery and finance
  • The UK Department for Transport undertook the privatisation of rail in 1993. After nearly 15 years there is now a move towards a large single PPP structure and away from individual smaller PFI arrangements.

    Mark Lambirth became Under Secretary at the Department for Transport in 1995 and joined the Government Office for London as Director for Planning & Transport.  He was Director of Local Government Finance from 1998 to 2001, when he joined Railways in the Department of Transport.  With the recent increase in Department of Transport in rail responsibilities, Mark has taken on the job of Director of Rail Strategy & Finance.

    16:30 BRENNER RAILWAY AXIS

    Alexander Luschin

    Alexander Luschin, General Manager, Brenner Eisenbahn GmbH

  • Overview of the Brenner Railway axis up-grade
  • Progress so far
  • Finance required
  • PPP possibilites in later stages
  • The Brenner Eisenbahn GmbH (BEG) is an infrastructure development company fully owned by the ÖBB Infratruktur Bau AG (Austrian Federal Railways).  Since 1996 the BEG has been implementing the European railway up-grade project for the Brenner axis on Austrian territory based on a special law.  The BEG has organised the finance, completed the environmental impact assessments and obtained necessary approvals for the first section of the project – construction work began in 2003.  Dr Alexander Luschin reviews here the timetable and financial arrangements including the use of private finance in the Brenner Base Tunnel section of the project.

    17:00 Chairman's Closing Remarks and Close of Conference

    Johannes Seiringer

    Johannes Seiringer, General Manager PublicPrivate, Head of Project Finance, Investkredit Bank A G

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    Workshops

    PPP Training Course
    Workshop

    PPP Training Course

    Vienna Marriott Hotel
    27th March 2007
    Vienna, Austria

    Vienna Marriott Hotel

    Parkring 12a
    Vienna 1010
    Austria

    Vienna Marriott Hotel

    HOTEL BOOKING FORM

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