Course dates
Attend this 3 Day Training Course And You will learn:
- What are the investment options for Government?:-
Fund developments using the Government budget
Use private (equity & debt) capital, e.g. PPP
Privatise existing state public service utilities
- What are the benefits (& dis-benefits) of using these options as a procurement mechanism?
- How successful has privatisation been in delivering investments?
- What are the funding options for power, infrastructure and PPP projects? How much debt? How much equity? Why?
- Who are the key investors in such projects? Why?
- What do investors seek, & what are their expectations and limits?
- What do bank lenders require, & what constraints do they impose?
- How best to attract capital markets (e.g. pension funds, life insurance companies and sovereign wealth funds) to such investments.
- Which funding options best match specific project opportunities, & why?
- What is the best recipe for success? Why have some projects failed? What have been the problems? Could they have been spotted earlier?
- What has been the international experience across sectors?
- How can failure be avoided? What steps should be taken in project preparation? How can political risk be mitigated?
- What clauses are key in the underlying project documents to ensure success?
- What role should Government take? Should they be a shareholder? What remedies are there when projects fail, or are faced with changing circumstances?
Who should attend?
All professionals involved in infrastructure finance from across government and government agencies, project sponsors, contractors, financial institutions including multilaterals and export credit agencies, as well as consulting and advisory firms.
- Head of Project Finance
- Head of Corporate Finance
- Head of Structured Finance
- Treasurer
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Project Manager
- Accountant
- Analyst
- Sales Manager
Supported by:
Day 1
Theme: the essential components which make up an infrastructure Project Finance / PPP deal:
Overview:
- Characteristics of infrastructure projects: public v. private
- Key players in an infrastructure Project Finance transaction
- Terminology & acronyms used (PPP, IFI, IPP, etc.)
- Origins & recent history of privatisations, Project Finance & PFI/PPP in infrastructure
- How are Project Financings initiated? What steps have to be taken?
- What is the state of the infrastructure Project Finance / PPP market post-the Financial Crisis?
- What is the impact of Basel III on infrastructure Project Finance & PPP?
Funding Structures
Introduction to infrastructure & Public Services Project Finance Concessions(PPP):
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What is PPP: why the recent interest?
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The choices for Government: Public Sector Comparators & Value for Money analysis.
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On/Off balance sheet: rationale, issues & criteria for PPPs
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Advantages / disadvantages of PPPs in infrastructure
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The Bid Process & PPPs
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Common problems arising in PPP projects
Risk Identification & Analysis
- What is risk? Why are Lenders risk averse?
- Identification of risk types
- Environmental risks : EQUATOR Principles
- Evaluation of the impacts of risk
- Creation of a risk matrix
- Risk mitigation: how can risk be mitigated and controlled, e.g. political risk?
- Role of the capital market derivatives in risk mitigation
- Role of insurance to mitigate risk: commercial, financial, political.
Sources of Debt & Equity
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Equity funds: their requirements & expectations
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Developers & Investors
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Private equity & SWF’s
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Pension funds & life insurance companies
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Key issues for Investors
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Privatisations of public services: how are they funded?
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Debt: availability, terms, conditions & key issues for Lenders:
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Development bank funding
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Export credits
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Commercial Loans & Term Sheet
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The bond markets: how they work & what are ratings
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Islamic funding
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Miscellaneous sources: Offsets, leasing & barter
Project Appraisal & Bid Process
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Cash-flow models: how to structure a Model. What measures to calculate
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Issues to look out for
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DCF, NPV & IRR: what do they mean?
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Criteria & Ratios used by lenders & investors to measure performance
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Project documents: Information Memoranda, etc.
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Role of Financial Advisor & other Consultants
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Due diligence : what is it ? Who pays?
Cash-flow & Term Sheet Exercises
Course participants will be invited to discuss a project cash-flow and Term Sheet to identify key issues.
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Day 2
Theme 1: (a) what contract documents are required, and (b) what are the key clauses?
Project Documents: Project Finance & PPP Concessions
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EPC / Construction contract
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Operations & Maintenance contract
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Supplies contract
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Sales contract
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Loan agreement: typical loan covenants
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Shareholders Agreement
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PPP Concession Agreement
Theme 2: what has been the experience of Project Finance / PPP in the power sector?
Real-life Case Histories from developed and/or emerging markets worldwide will be taken and discussed for a range of projects in all the sectors mentioned below. Why have some succeeded, whereas others have failed? Is privatisation a realistic option? Lessons from each will be identified and noted.
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Day 3
Theme: what has been the experience of Project Finance / PPP in the transport sector?
Real-life Case Histories from developed and/or emerging markets worldwide will be taken and discussed for a range of projects in all the sectors mentioned below. Why have some succeeded, whereas others have failed? Is privatisation an option? Lessons from each will be identified and noted.
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Roads: including:-
- M6 Toll, UK
- M1/M15, Hungary
- R1, Slovakia
- Bina Istra, Croatia
- Toll-road model in Chile
- N1/N4 Platinum Highway, S. Africa
- Lekki Expressway, Nigeria
Private Investment in the Municipal and Public Accommodation Sectors
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Hospitals: including:- West Middlesex & UCH, London; Braga, Portugal
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Schools: including:- Argyll & Bute, Scotland
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Prisons: including:- Fazakerley, UK
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Govt. & Office Buildings: including:- HM Treasury Building, UK; Mapeley STEPS, UK
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Water Treatment Plants: including:- Seafield, Scotland; Muharreq, Bahrain
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Waste Management: including:- Manchester PPP, UK
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Stadiums: including: Wembley Stadium; Lille Stadium, France
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Telecommunications: including:- Broadband PPP, Bucharest:
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Central London Hotel Venue, London, UK
Accommodation
The course venue will be confirmed by your course manager. Please see below information regarding venues commonly used for our training courses.
Accommodation in Central London
Please find below a list of venues used by Euromoney Training Financial UK & Ireland. To access each hotel, please click where indicated to access the relevant hotel website. Rates have been negotiated for Euromoney delegates at some of these hotels. See below for more details.
Venues located near to Oxford Circus, Central London
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De Vere West One
De Vere West One does not provide accommodation, however is often used as a training venue by Euromoney Financial Training. Below you will find a number of hotels located near by. Please click here to find out more about De Vere Business Events. |
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The Marylebone Hotel
Euromoney Financial Training have negotiated a discounted rate for delegates at this hotel. If booking accommodation please quote “Euromoney” when making your reservation to see if you qualify. Please click here to go to their website. (This hotel is located within a five minute walk of De Vere West One/Oxford Circus) |
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The Langham London
Please click on here to go to their website. (This hotel is located within a five minute walk of De Vere West One/Oxford Circus) |
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The Grange Fitzrovia
Please click here to go to their website. (This hotel is located within a five minute walk of De Vere West One/Oxford Circus) |
Venues located near to Marble Arch, Central London
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The Hyatt Regency Churchill
Euromoney Financial Training have negotiated a discounted rate at this hotel, provided that the course you are attending is located here. Please quote Euromoney when making your reservation to see if you qualify. Please click here to go to their website. |
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The Radisson SAS Portman
Euromoney Financial Training have negotiated a discounted rate at this hotel, provided that the course you are attending is located here. Please quote Euromoney when making your reservation to see if you qualify. Please click here to go to their website. |
Other accommodation
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Zibrant
Zibrant are our appointed agent for accommodation bookings and are able to provide preferential rates at a number of hotels close to your training venue. Go to www.zibrant.co.uk/euromoney to enquire out about accommodation for any of our London courses. Alternatively:
Email : euromoney@zibrant.co.uk
Tel : +44 (0)1332 285 521
Fax : +44 (0)1332 287 604 |
Recommended Hotels
Euromoney work closely with the following hotel groups and would recommend the listed hotels for accommodation.
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Marriott Kensington
Marriott Park Lane
Marriott County Hall
Please click here to be taken to the Marriott Hotels London webpage. From there you can access each hotel. |
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Guoman Charing Cross
Guoman Cumberland
Please click here to be taken to the Guoman Hotels webpage. From there you can access each hotel. |
Accommodation outside of London for residential courses
Our residential courses include accommodation as part of the delegate fee. If you need to book extra accommodation, please contact your course manager, or the venue directly.Below is a link to our main residential venue.
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Wotton House
Please click here for more information about the Wotton House Hotel. |
For more information please find our contact details below:
Euromoney Training Financial UK & Ireland
Nestor House
Playhouse Yard
London EC4V 5EX
United Kingdom
Tel +44 (0)207 779 8870
Fax +44 (0) 207 779 8693
email: info@euromoneytraining.com
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Martin Blaiklock
After 30 years experience as an investment, commercial, and development banker in Project Finance/PPP throughout most of the World, Martin Blaiklock regularly presents Seminars and Training Courses to governments, banks and companies on Project Finance and PPPs.
He has undertaken Courses include: the World Bank, EBRD (a 3 year program of 3-day Courses), the Governments of Romania, India, Ghana, Kenya and Uganda, major London and Gulf banks, leading UK, Dutch and Egyptian contractors and consultants, and Imperial College (London).
has over 25 years experience of structuring, developing, evaluating and implementing the funding of public and private sector projects [ i.e. PFI’s, PPP’s, BOOT’s; PSP’s, IPP’s, etc.] in infrastructure, energy, and the process industries. He has been involved in many of the major UK PFI & PPP Projects. He was Expert Witness for the Parliamentary Enquiry into the London Underground PPP and has contributed to many Parliamentary and National Audit Office Enquiries.
Martin also continues to operate as a consultant on a wide range of projects proposed by developers. Hence, the underlying data and material used for Courses reflects current market opportunities, conditions and constraints.
Infrastructure Project Finance
Interested in holding this course in-house? Please fill out your details and a member of our team will be in touch with more information.
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Course dates