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PPPs have a long history in Spain. Previously concentrated solely in the roads sector, 2006 has been a dynamic year for PPP projects with many developments. The recent expansion into new markets - healthcare, education, prisons, government buildings and accommodation projects more generally - creates many new opportunities for 2007 and beyond. Also, because projects are tendered at regional rather than central level, Spain has the potential to become a diverse market in terms of PPP product.

Attend SMI’s PPP in Spain to hear the latest developments from high-level key public and private sector speakers.

Programme highlights

  • Discover the latest developments and opportunities in Spain: the Spanish bidding model, legislation and recent evolution
  • Hear central and regional Government perspectives on financing infrastructure projects and the future of PPP
  • Negotiate to get the most out of your contracts: focus on dispute resolution procedures and risk allocation
  • Unique experience! Benefit from an interactive panel with key members of the Burgos hospital consortium - Castilla-León Regional Government, Gerens Management Group, Ahorro Corporación & Arup
  • Opportunities for investors: acquire the latest knowledge regarding investing in infrastructure and PPPs
  • The future for investors? Be ahead of the game: learn about the ‘Secondary Market’ and how to be involved


Leading expert speakers include:

Bárbara Fernández Álvarez-Robles,
Councillor of Health, Department of Health and Civil Protection, Municipality of Majadahonda
Enrique Navarro Gil, Assistant Managing Director, Industrial Cooperation Agency, Spanish Ministry of Defence
Pilar de Torres, President and CEO, GISA (Gestión de Infraestructuras de Cataluña)
Antonio Álvarez-Cedrón Rodríguez, Head of Department Project Development for Europe, Cintra, S.A.
Cristina Simon Morientes, Director, Asesores de Infraestructuras
Iñigo Velázquez,
Head of Public Infrastructure – Project Finance, Caja Madrid
Gabriel Saro, Director, Project & Export Finance, Spain and Portugal, The Royal Bank of Scotland, plc
Lucas Martínez Vuillier, Head of Project Finance, Espirito Santo Investment
José Abós,
Associate Director, Infrastructure Finance Ratings , Standard & Poors

Conference programme

9:00 Registration & Coffee

9:30 Chairman's Opening Remarks

Cristina  Morientes

Cristina Morientes, Director, Infrastructure Financing, Asesores de Infraestructuras

9:40 AN OVERVIEW OF THE SPANISH PPPs SITUATION

Luis F. Castresana

Luis F. Castresana, Partner, Simmons & Simmons

  • Concept and conditions to qualify as PPP, setting the differences with other figures: outsourcing, lease, PFI, contractorisation, etc
  • Overview of the Spanish situation vis à vis the most relevant European countries (UK, Germany, France and Italy), comparing legal instruments, projects, sectors of activity, administrative units to establish doctrine and to survey projects, etc.
  • Schemes more relevant
  • Lessons learnt from experience
  • "By way of conclusions" for the future
  • 10:20 SPANISH LEGISLATION REGARDING PPP/PFI

    Enrique Navarro Gil

    Enrique Navarro Gil, Assistant Managing Director, Spanish Ministry of Defence

    ·               PPP/PFI in local and regional governments

    ·               PPP/PFI experiences in Spanish Ministry of Defence

    ·               Future projects in PPP/PFI in Spanish Ministry of Defence

    11:00 Morning Coffee

    11:30 FINANCING INFRASTRUCTURES AND PUBLIC BUILDINGS IN CATALONIA

    Pilar de Torres

    Pilar de Torres, President and CEO, GISA

    ·                Shadow tolls and explicit tolls

    ·                Financing public buildings: prisons, courts, schools, police stations…

     

    12:10 FINDING AN EFFICIENT PPP MODEL

    Antonio  Álvarez-Cedrón Rodríguez

    Antonio Álvarez-Cedrón Rodríguez, Head of Department Project Development for Europe, Cintra, S.A.

    ·               The risk balance

    ·               The different procurement models

    ·               The Spanish model

    ·               Comparison with other countries

    12:50 ROAD FINANCING IN SPAIN: THE FINANCIER’S VIEW

    Gabriel Saro

    Gabriel Saro, Director Project & Export Finance, Spain & Portugal, Royal Bank of Scotland

    ·                Financing trade offs: commercial banks, capital markets and multilateral financing

    ·                What’s next in Spain?

    ·                Spanish motorway financing: recent practical examples

    13:30 Networking Lunch

    15:00 GOVERNMENT ACCOMMODATION CASE STUDY: BARCELONA CIUTAT JUDICIAL

    Ignacio Alcaraz Garcia

    Ignacio Alcaraz Garcia, Head of Structured Finance, Banco Santander

    15:40 PARQUE DE VALDEBEBAS’ FINANCING

    Iñigo  Velázquez

    Iñigo Velázquez, Head of Public Infrastructure – Project Finance, Caja Madrid

     

    ·               Features of “Parque de Valdebebas”

    ·               Details of the financing

    ·               Advantages of the structured financing to the members of a Junta de Compensación

    16:20 DISPUTE RESOLUTION MECHANISMS IN INTERNATIONAL PPP CONTRACTS

    Santiago Klein

    Santiago Klein, Director, Currie & Brown

    ·               Risk allocation in PPP contracts

    ·               Dispute resolution

    ·               Why Arbitration?

    ·               Pre arbitration procedures

    ·               Arbitration procedures

    ·               Conclusions

    17:00 Afternoon Tea followed by Chairman’s Closing Remarks and Close of Day One

    9:00 Registration & Coffee

    9:30 Chairman's Opening Remarks

    Richard Armitage

    Richard Armitage, Partner, Simmons & Simmons

    9:40 PPP HOSPITAL CREDIT RISK

    José   Abós

    José Abós, Associate Director, Infrastructure Finance Ratings , Standard & Poors

  • Standard & Poor's analytical framework for analyzing Healthcare PPPs  
  • Key credit  factors of the Spanish PPP model
  • A comparison of UK PFI and Spanish Models. Strengths and weaknesses
  • 10:20 CASE STUDY: PUERTA DE HIERRO HOSPITAL

    Bárbara  Fernández Álvarez-Robles

    Bárbara Fernández Álvarez-Robles, Councillor of Health, Department of Health and Civil Protection, Municipality of Majadahonda

    11:00 Morning Coffee

    11:30 PANEL CASE STUDY

    Antonio  León Hervás

    Antonio León Hervás, General Manager of Sanitary Infrastructure, Castilla-León Regional Government

    Fernando  Pallarés D’Ocon

    Fernando Pallarés D’Ocon, Head of Infrastructures and Public Concessions, Gerens Management Group

    Ignacio Alcaraz Garcia

    Ignacio Alcaraz Garcia, Head of Structured Finance, Banco Santander

    Javier Barrenechea

    Javier Barrenechea, Deputy Director of Project Finance, Ahorro Corporacion Financiera S V S A

    Antonio Capilla

    Antonio Capilla, Director of Project Management, Arup

    12:50 A PUBLIC PERSPECTIVE ON STRUCTURING PPP

    Cristina  Morientes

    Cristina Morientes, Director, Infrastructure Financing, Asesores de Infraestructuras

  • Private financing and PPPs
  • Main features
  • Contractual structures
  • Typical scheme
  • The value (and need) of the private initiative (when to use it)
  • Structuring PPPs
  • Budgetary and financial structuring
  • Financial feasibility and public support
  • Public support alternatives
  • Risk structuring
  • Main keys in PPP structuring
  • 13:30 Networking Lunch

    15:00 ROLE OF THE EQUITY IN AN INFRASTRUCTURE CONCESSION

    Andrés Navarro Estévez

    Andrés Navarro Estévez, Finance Director, Grupo Ploder

    ·               The role of a construction company

    ·               The role of a bank

    ·               The role of specialised infrastructure funds

    ·               The role of other kind of investors

    ·               The role of Government and Local Authorities

    ·               The RPA as an alternative instrument to the step-in rights

    15:40 PFI LIFE CYCLE ISSUES FROM INCEPTION AND INTO THE SECONDARY MARKET

    John Rose

    John Rose, Associate Director, Arup

    ·               Issues at inception

    ·               Issues for preferred bidder

    ·               Issues for financial close

    ·               Issues during design and construction

    ·               Issues at refinancing

    ·               Issues at the Secondary market

    16:20 INVESTING IN PUBLIC PRIVATE INFRASTRUCTURE COMPANIES and projects

    Luis Abraira

    Luis Abraira, C. E. O., Capital Grupo Santander SGECR

    ·                Issues affecting the Spanish Case

    ·                Vehicles for PFI in Spain

    ·                The Investor point of view

    ·                Recent transactions

    17:00 Chairman’s Closing Remarks followed by Afternoon Tea and Close of Conference

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