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‘New methods of financing, building and maintaining road infrastructure are designed to benefit the user, not just now but decades from now’

Motorway and Trunk Road Finance has brought together European and International road experts involved in project finance, road policy and civils. As a road specialist take this oportunity to network with key figures at an executive project finance level.

Topics under discussion include DBFO models, Finnish road projects, South-African toll roads, Portuguese concession roads, UK road networks (with a special address on the A13 Thames Dateway DBFO) and Irish road investment.

Bring your own thoughts along and debate essential factors for road projects such as risk transfer, credit rating, refinancing, legal and contractual issues, procurement and revenue considerations like electronic road pricing or shadow/physical toll.

As a senior road executive, you will be aware of the importance and potential of this field. We would therefore like to invite you to register for SMi’s third annual event on motorway and road investment.

Please register now to guarantee your place at this important conference.

Conference programme

8:30 Registration & Coffee

9:00 Chairman's Opening Remarks

Richard Diment

Richard Diment, Chief Executive Officer, British Roads Federation

9:10 OVERVIEW OF DESIGN, BUILD, FINANCE AND OPERATE

Bryan Bamber

Bryan Bamber, Principal Engineer, Halcrow Group

  • Construction requirements; Environmental requirements
  • Operation and maintenance requirements
  • Philosophy of core requirements
  • Performance/service requirements
  • Striking the balance between prescription and flexibility
  • Review procedures; Monitoring performance
  • 9:40 LEGAL ASPECTS OF ROAD PROJECTS IN FINLAND

    Kimmo Mettala

    Kimmo Mettala, Partner, Luostarinen, Mettala & Sorri (Finland)

  • Government’s approach towards PPPs in Finland
  • The Vt 4 project (Jarvenpaa-Lahti PPP road project); The Porvoo
  • Legal issues in connection with PPPs in Finland including
  • Indexation clauses; Taxation; Lenders’ security package; Procurement issues
  • Government Accounting Rules
  • Future of PPPs and alternative methods in road financing
  • 10:20 CASE STUDY - FINANCING SOUTH AFRICAN TOLL ROADS

    Anthony Sykes

    Anthony Sykes, Deputy General Manager, The Sumitomo Bank

  • Establishing the business need for toll roads in South Africa
  • What are the best funds for road schemes?
  • Typical financial structures of toll road projects
  • Successful risk management in road projects
  • The changing role of the National Roads Authority
  • Learning from previous toll road financing
  • 11:00 Morning Coffee

    11:20 ROAD PROJECTS IN PORTUGAL

    Chris O’Gorman

    Chris O’Gorman, Head of Project Finance, Dai Ichi Kangyo Bank

  • Case study on the North and West Concession Projects
  • Analysis of the SCUT projects tendered
  • Differences between UK PFI road projects and Portuguese road projects
  • Portugal - Is this true export of PFI ?
  • 12:00 BRITAIN'S ROAD NETWORK

    Richard Diment

    Richard Diment, Chief Executive Officer, British Roads Federation

  • The changing policy agenda
  • SR2000
  • The 10-year Transport Plan
  • Desired outcomes: reducing accidents, pollution and congestion
  • Funding improved maintenance, management and capacity
  • 12:40 Lunch

    14:00 PRIVATE SECTOR PERSPECTIVE ON ROAD PROJECTS IN THE UK

    Frank. M. Coldwell

    Frank. M. Coldwell, Director - Special Projects, Amey Highways

  • What customers really need
  • What they currently get
  • What should be done about the difference?
  • How this can be best achieved
  • 14:40 CREDIT RATING

    Mike Wilkins

    Mike Wilkins, Director, Infrastructure Finance Ratings, Standard & Poor’s

  • What is a Standard & Poor’s credit rating?
  • Toll road ratings - an overview of ratings and methodology
  • DBFO and PFI ratings - the key credit risk issues
  • Case Studies: Autolink and Road Management Group
  • 15:40 ROAD INVESTMENT - NEW APPROACHES TO ROAD FINANCING

    John. B. Riordan

    John. B. Riordan, Senior Manager - Project Finance, Bank of Ireland

  • Introducing the major principles of project finance for roads
  • What are the typical problems associated with road project finance?
  • Unique aspects of finance for road sector projects
  • New ways of structuring the finance for road projects
  • What to look for when considering how to raise finance for road projects
  • Opportunities for investment in the road industry; Some international models of road financing
  • 16:20 RISK IN DBFO

    Colin Russell

    Colin Russell, Associate, Willis

  • Construction risk profiles
  • Payment arrangements and usage risk
  • Other operational risks
  • Key insurance issues
  • What does the public sector gain from risk transfer in DBFO road projects?
  • 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

    Ian Hodgson

    Ian Hodgson, Head of PFI/PPP Practice, Denton Wilde Sapte

    9:10 ELECTRONIC TOLLING

    Malcolm Noyce

    Malcolm Noyce, Business Development Director, Transport Research Laboratory

  • UK perspective - History of proposed tolling and current thinking on urban congestion charging to accommodate motorway tolling
  • Research and trials undertaken to date
  • Objective for tolling and charging
  • The assessment of the current position on available technology
  • The needs for the future
  • 9:40 EQUITY FINANCING

    Nicholas James

    Nicholas James, Division Director, Infrastructure and Specialised Funds, Macquarie Bank

  • Single Project Vehicles
  • Infrastructure Investment Funds
  • Risk and Valuation Issues
  • 10:20 REFINANCING ROAD PROJECTS

    Tim Philpotts

    Tim Philpotts, Assistant Director, Project Finance Group, Ernst & Young

  • Benefits to shareholders
  • Developments in financial markets
  • The refinancing process
  • Issues on refinancing projects
  • 11:00 Morning Coffee

    11:20 ROAD PROCUREMENT: THE PORTUGUESE EXPERIENCE

    Carlos Fernandes

    Carlos Fernandes, Senior Adviser, Secretary of State of Public Works - Portugal

  • Roll of the PPP initiative in the completion of the motorway programme
  • The Portuguese PPP programme in terms of motorways
  • Assessing and understanding the procurement process
  • Key points of the concession agreements
  • Future initiatives
  • 12:00 DBFO CONTRACTS

    Trevor Butcher

    Trevor Butcher, Partner, CMS Cameron McKenna

  • DBFO road contracts
  • Comparison to other PFI sectors
  • Comparison to international practice
  • Maintain, Finance and Operate Contracts
  • User paid tolls and road user charging
  • 12:40 Lunch

    14:00 CASE STUDY - A13 THAMES GATEWAY DBFO

    Nick Chism

    Nick Chism, Assistant Director, KPMG Corporate Finance

  • The first urban DBFO road project
  • Developing a new payment mechanism
  • Calculating availability payments
  • Defining ‘availability’
  • Implications for future projects
  • Developing a payment mechanism ‘toolkit’
  • 14:40 PERSPECTIVES ON RISK IN DBFO ROAD CONTRACTS

    Neil. B. Irwin

    Neil. B. Irwin, Director, Marsh UK

  • Risk identification techniques in DBFO road projects
  • Risk management options for DBFO road contracts
  • Commercial factors during the initial risk transfer stage
  • Optimising risk transfer solutions for a DBFO contract
  • Some considerations for future DBFO contracts
  • 15:20 Afternoon Tea

    15:40 ROAD FINANCING

    Stephen Paine

    Stephen Paine, Executive Director, Warburg Dillon Read Corporate Finance

  • Typical structures in project finance for roads
  • Trouble shooting for funding road projects
  • Developing innovative financing for road projects
  • What type of finance is best suited for road schemes?
  • Some road market opportunities
  • International examples of road financing
  • 16:20 VALUE FOR MONEY

    Andrew Kaye

    Andrew Kaye, Director, Arthur Andersen Corporate Finance

  • The public sector perspective
  • Key drivers of value for money in road schemes
  • Impact of alternative forms of finance
  • Future developments
  • 17:00 Chairman's Closing Remarks and Close of Conference

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    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

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