Home
overview
The success of PPP/PFI projects heavily depends on financing arrangements. Whether you are involved in debt, equity, mezzanine financing, or refinancing; the bottom line is that these arrangements need to be efficient and cost-effective.

How do you ensure that your projects remain economically viable, without losing their competitive edge? How will current trends in innovative funding structures impact on the market?

SMi’s sixth annual Debt and Equity Financing for PPP/PFI Projects is the only event this year that will provide you with the latest developments, opinions and trends in this market.

You will have the opportunity to hear from industry experts who have been directly involved in the financing of PPP/PFI projects. But please don’t take my word for this, have a look at the speakers we have on board for this event. § David Finlay, Private Finance Initiative Unit, National Audit Office § Alan Douglas, Vice President for Project Finance, Bank of America § David Newby, Director, Asset Backed Finance, UBS Warburg § Stephen Paine, Executive Director, Corporate Finance, UBS Warburg § Graham Beazley-Long, Director, Global Debt, Dresdner Kleinwort Wasserstein § Hilary Sorensen, Director, Project Finance, Deutsche Bank § Themis Kouvarakis, Head of Structured Finance & PPP, European Investment Bank

A half day interactive workshop on Flexible Financing will also be run in conjuction with this conference. Presented by Michael Watson of McGrigor Donald, it will be looking at the current trends and potential developments of financing in the PPP/PFI market.

Conference programme

8:30 Registration and Coffee

9:00 Chairman's Opening Remarks

David Webster

David Webster, Senior Director, Royal Bank of Scotland

9:10 ALLOCATING FINANCIAL RISKS IN PPP/PFI PROJECTS

Alan Douglas

Alan Douglas, Vice President for Project Finance, Bank of America

  • Interest rate risk evaluation and management
  • Identifying Best Value funding alternatives
  • Funding structures and refinancing issues
  • Lessons learnt
  • Future financing alternatives
  • 9:40 CASE STUDY – FAZAKERLEY PRISON

    Robin Herzberg

    Robin Herzberg, Concessions Director, Carillion

  • Overview of the refinancing
  • Background to the refinancing
  • The contractual position
  • Sharing benefits with the Authority
  • Opportunities for refinancings in a developing market
  • Lessons for future projects
  • 10:20 REFINANCING OF PPP/PFI PROJECTS

    David Finlay

    David Finlay, Private Finance Initiative Unit, National Audit Office

  • Role the NAO plays in PFI projects
  • Why refinancings occur
  • Issues arising in refinancings
  • Lessons from the Fazakerley Prison refinancing
  • 11:00 Morning Coffee

    11:20 THE CHANGING IMPLICATIONS OF PRICING RISK

    Gary Sumray

    Gary Sumray, Assistant General Manager, Head of PFI and Infrastructure Project Finance Team, Sumitomo Mitsui Banking Corporation

  • Traditional methods of pricing
  • Pricing for Risk and Capital Allocation
  • Probability of Default and Recovery Rates
  • Examples of Risk Adjusted Pricing
  • Implications and Future Developments
  • 12:00 BANK VS BOND FINANCING

    Graham Beazley-Long

    Graham Beazley-Long, Director, Global Debt, Dresdner Kleinwort Wasserstein

  • Overview of the projects
  • Advantages/disadvantages of bank and bond finance
  • Why different methods of financing for the GCHQ and MoD Main Buildings?
  • Possible implications with the introduction of the Euro
  • Lessons learnt
  • 12:40 Lunch

    13:40 EQUITY FINANCING

    Julia Prescot

    Julia Prescot, Senior Director, Infrastructure Finance, Bank of Scotland

  • Factors associated with equity financing of PFI projects
  • What risks are transferred to equity providers
  • Understanding mezzanine and share capital
  • Identifying equity investors and their interests
  • Opportunities for investors
  • 14:20 BOND FINANCING

    David Newby and Stephen Paine

    David Newby and Stephen Paine, Director, Asset Backed Finance and Executive Director, Corporate Finance, UBS Warburg

  • Adapting bond financing: the key drivers
  • Why is it ‘Value for Money’?
  • Structure of a PFI deal – how does this effect the financing
  • Risk management
  • Advantages & disadvantages
  • The future
  • 15:00 CASE STUDY – BOURNEMOUTH LIBRARY & IT PROJECT

    John Tibbitts

    John Tibbitts, Investment Manager, Kier Group

  • Key issues of the PFI project
  • Project structuring and development
  • Assessing the ‘Best Value’ benchmarking factor for local authority tendering
  • Lessons learnt from the project
  • 15:40 Afternoon Tea

    16:00 CASE STUDY

    Simon Phillips

    Simon Phillips, Director, NUPPP Fund/Mill Group

  • Overview of the project
  • Project structuring and development
  • Ensuring cost effective facilities for schools through PFI
  • Assessment of Risk Transfer
  • Dealing with long-term PFI education financing
  • Lessons learnt from the project
  • 16:30 GREENWICH MEDICAL EQUIPMENT SERVICE

    Andrew Doyle

    Andrew Doyle, Director, PPP Group

  • Creating new ways of managing equipment
  • Partnership arrangements
  • Equipment managed over 15 years with significant risk transferred
  • Issues for the NHS – is this the way forward for medical equipment
  • 17:00 Chairman's Closing Remarks and Close of Day One

    17:10 Drinks Reception for Delegates and Speakers

    8:30 Re-registration and Coffee

    9:00 Chairman's Opening Remarks

    Michael Kerr

    Michael Kerr, Head of PFI, Deloitte and Touche

    9:10 EIB FINANCING FOR PPP/PFI PROJECTS

    Themis Kouvarakis

    Themis Kouvarakis, Head of Structured Finance and PPP, European Investment Bank

  • EIB: a bank and an institution
  • Available funding form EIB
  • Forms of financing
  • Maximising the value of EIB’s involvement
  • 9:40 CASE STUDY – UK GOVERNMENT COMMUNICATIONS HEADQUARTERS

    Hilary Sorensen

    Hilary Sorensen, Director, Project Finance, Deutsche Bank

  • Overview of the project
  • Structure of financing for the GCHQ building – how was this decided?
  • Level of mezzanine finance involved in the project
  • Performance and the business relationship within a consortium
  • Lessons learnt from the project
  • Future developments
  • 10:20 CURRENT INSURANCE MARKET POSITION ON PPP/PFI PROJECTS

    Mark Courtneidge

    Mark Courtneidge, Director, AON

  • Attractiveness of the insurance market to PPP/PFI projects
  • Unique risk profiles of a PPP/PFI project
  • Issues and concerns associated with financing from the insurance market
  • Lessons learnt
  • Future financing alternatives
  • 11:00 Morning Coffee

    11:20 CASE STUDY

    Martin Kitterick

    Martin Kitterick, Partner, Project Finance and Privatisation, PricewaterhouseCoopers

  • Scope of the project
  • Consortium structure
  • Financing structure
  • Payment mechanism issues
  • Risk issues
  • 12:00 CASE STUDY – PRESTIGE PROJECT

    Liam Tumulty

    Liam Tumulty, Prestige Accountant, Prestige

  • The PFI Partnership
  • How have we specified our requirements?
  • The Payment Regime
  • Lessons learned from PFI procurement
  • 12:40 Lunch

    14:00 CASE STUDY – UNIVERSITY PARTNERSHIPS PROGRAMME

    David Gavaghan

    David Gavaghan, Director, David Wylde Project Finance

  • Type of financing options available to Universities
  • Limitations placed on borrowings for Universities
  • Risk factors involved with financing
  • Benefits of the University Partnerships Programme
  • Lessons learnt along the way
  • 14:40 CASE STUDY

    Kevin Murphy

    Kevin Murphy, Associate Director, European Capital

  • Overview of the project
  • Project structuring and development
  • Financial and contractual aspects of NET scheme
  • Cash flow and investment risk implications
  • Dealing with long-term PFI financing
  • Lessons learnt from the project
  • 15:20 Afternoon Tea

    15:40 ANALYSING THE IMPACT OF FUNDING STRUCTURES IN PPP/PFI PROJECTS

    Julian Macmillan

    Julian Macmillan, Consultant, Corporate Finance, Berkshire Consultancy

  • Methods for reflecting debt vs equity financing in measurement of project IRRs
  • Cost of debt vs cost of equity
  • Impact of financial structures on rates of return
  • Practical issues and lessons to be learned
  • 16:20 RECENT INNOVATIONS IN RAILWAY FINANCING AND ITS APPLICATION TO PPP MODELS

    Philip Wright

    Philip Wright, Solicitor, Simmons and Simmons

  • The reasons for the development of PPPs in the rail sector
  • The domestic environment necessary to implement the development of new rail projects in Europe on a PPP basis – can generic and uniform characteristics be identified?
  • Case Studies of steps being taken by selected European countries to enable the provision of new rail infrastructure to be provided on a PPP basis
  • Case studies of the successful UK and adoption of PPPs in the rail sector in selected European countries
  • The common trends emerging in Europe for PPPs in the rail sector which will be of interest to financiers
  • 17:00 Chairman's Closing Remarks and Close of Conference

    +

    Workshops

    Flexible Financing
    Workshop

    Flexible Financing

    The Hatton, at etc. venues
    8th June 2001
    London, United Kingdom

    Flexible Financing
    Workshop

    Flexible Financing

    The Hatton, at etc. venues
    8th June 2001
    London, United Kingdom

    The Hatton, at etc. venues

    51/53 Hatton Garden
    London EC1N 8HN
    United Kingdom

    The Hatton, at etc. venues

    HOTEL BOOKING FORM

    Title

    SubTitle
    speaker image

    Content


    Title


    Description

    Download


    WHAT IS CPD?

    CPD stands for Continuing Professional Development’. It is essentially a philosophy, which maintains that in order to be effective, learning should be organised and structured. The most common definition is:

    ‘A commitment to structured skills and knowledge enhancement for Personal or Professional competence’

    CPD is a common requirement of individual membership with professional bodies and Institutes. Increasingly, employers also expect their staff to undertake regular CPD activities.

    Undertaken over a period of time, CPD ensures that educational qualifications do not become obsolete, and allows for best practice and professional standards to be upheld.

    CPD can be undertaken through a variety of learning activities including instructor led training courses, seminars and conferences, e:learning modules or structured reading.

    CPD AND PROFESSIONAL INSTITUTES

    There are approximately 470 institutes in the UK across all industry sectors, with a collective membership of circa 4 million professionals, and they all expect their members to undertake CPD.

    For some institutes undertaking CPD is mandatory e.g. accountancy and law, and linked to a licence to practice, for others it’s obligatory. By ensuring that their members undertake CPD, the professional bodies seek to ensure that professional standards, legislative awareness and ethical practices are maintained.

    CPD Schemes often run over the period of a year and the institutes generally provide online tools for their members to record and reflect on their CPD activities.

    TYPICAL CPD SCHEMES AND RECORDING OF CPD (CPD points and hours)

    Professional bodies and Institutes CPD schemes are either structured as ‘Input’ or ‘Output’ based.

    ‘Input’ based schemes list a precise number of CPD hours that individuals must achieve within a given time period. These schemes can also use different ‘currencies’ such as points, merits, units or credits, where an individual must accumulate the number required. These currencies are usually based on time i.e. 1 CPD point = 1 hour of learning.

    ‘Output’ based schemes are learner centred. They require individuals to set learning goals that align to professional competencies, or personal development objectives. These schemes also list different ways to achieve the learning goals e.g. training courses, seminars or e:learning, which enables an individual to complete their CPD through their preferred mode of learning.

    The majority of Input and Output based schemes actively encourage individuals to seek appropriate CPD activities independently.

    As a formal provider of CPD certified activities, SMI Group can provide an indication of the learning benefit gained and the typical completion. However, it is ultimately the responsibility of the delegate to evaluate their learning, and record it correctly in line with their professional body’s or employers requirements.

    GLOBAL CPD

    Increasingly, international and emerging markets are ‘professionalising’ their workforces and looking to the UK to benchmark educational standards. The undertaking of CPD is now increasingly expected of any individual employed within today’s global marketplace.

    CPD Certificates

    We can provide a certificate for all our accredited events. To request a CPD certificate for a conference , workshop, master classes you have attended please email events@smi-online.co.uk

    Event Title

    Headline

    Text
    Read More

    I would like to speak at an event

    I would like to attend an event

    I would like to sponsor/exhibit at an event

    SIGN UP OR LOGIN

    Sign up
    Forgotten Password?

    Contact SMi GROUP LTD

    UK Office
    Opening Hours: 9.00 - 17.30 (local time)
    SMi Group Ltd, 1 Westminster Bridge Road, London, SE1 7XW, United Kingdom
    Tel: +44 (0) 20 7827 6000 Fax: +44 (0) 20 7827 6001
    Website: http://www.smi-online.co.uk Email: events@smi-online.co.uk
    Registered in England No: 3779287 VAT No: GB 976 2951 71




    Forgotten Password

    Please enter the email address you registered with. We will email you a new password.