Course dates
Course overview
The project finance market has grown substantially over the past two years and the concept is being practised in a large number of emerging markets. Projects carried out in one location are being adapted for use in other countries. In addition, Islamic financing is playing an important part where projects in the Middle East and Asia are concerned, as are the Equator principles on a more global basis.
This Euromoney Legal Training course explains how project finance works in detailed and practical terms. This programme aims to expose delegates to the rapidly changing face of project finance across the world and thus ensure a full awareness of the different methods being adopted in various countries and sectors. With interactive workshops being an integral part of this course, delegates will examine real life examples of project finance, receive up-todate information on current projects, and benefit from the new ideas being implemented globally.
Why you should attend
This course will cover:
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Project structure including key documents
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Funding structure including key financing documents
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Risk identification and allocation
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New financial concepts and instruments
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World trends in project finance
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Operational issues
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Toll road agreements
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Term sheets
Case studies
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Real life case studies will be used during workshops to illustrate the key concepts in practical terms.
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Case studies will include: power generation, toll roads, hospitals & government accommodation.
Who should attend?
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In-house lawyers for lenders and equity investors
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Bankers working in project finance
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Project sponsors and advisors
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Lawyers in private practice
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Contractors
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FM operators
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Public sector officials procuring deals
Course documents
Extensive documentation will be provided including:
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Introduction to project finance – concept, tructure, understanding risks, financing issues and general background
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Power project and power purchase agreements
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Toll road agreements
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Term sheets
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Forms of Islamic financing
- Equator principles
Supported by:
Day 1
Introduction to PPP
· History
· Concept structure
· Acronyms explained (ie. PPP/BOT)
Understanding PPP
· Public policy issues why the process?
· Issues for governments
· Developing a legal framework
· The benefits of PPP
Risk identification
· The players and their risks
· Types of risk
· Internal risks
· External risks
Risk evaluation and allocation
· Understanding and evaluating project risks
· How best can these risks be mitigated or avoided?
· How best to allocate and transfer risks
Workshop 1:
Preparation of Risk Matrix for projects in different sectors (ie. trains, prisons, roads, hospitals etc.)
Day 2
Project documents
· Special Purpose Vehicle (SPV)
· Project agreement
· Construction agreement
· Operations agreement
· Finance agreement
Workshop 2:
A review of the practical steps to finance and construct a power station in the private sector. The case study will look at it from sponsor, banking and government viewpoints and will review set up; risk analysis, documentation required, integration to grid and regulation.
Day 3
Financing sources
· Characteristics
· Funding spectrum
· Equity, bonds, debt, credit ratings
Financing issues
· Structure examples
· Cost of capital
· Infrastructure funds
· Debt service cover ratios
· Value for money
· Pricing and payment mechanisms
Public procurement process
· The project business case
· Public sector comparator
· Procurement stages
· Evaluation options
· Best & Final Offers (BAFO)
Workshop 3:
A review of selected case studies of completed projects in the Middle East and across the world to illustrate best practice in project finance; healthcare, education, power (and renewables), and transportation (roads, rail, airports).
Events post contract
· Monitoring construction
· Performance benchmarking, market testing and penalties
· Force majeure events
· Disputes with the SPV
· Contract termination
Workshop 4:
Wind Farms
Workshop 5:
Islamic Financing
Dubai Hotel, Dubai, United Arab Emirates
This programme takes place on a non-residential basis at a central Dubai hotel. Non-residential course fees include training facilities, documentation, lunches and refreshments for the duration of the programme. Delegates are responsible for arranging their own accommodation, however, a list of convenient hotels (many at specially negotiated rates) is available upon registration.
Dubai has an incredible number of hotels. Courses held here are mainly held at the J.W. Marriot hotel, Sheraton Dubai Creek and Le Meridien all in central Dubai.
J.W. Marriott Hotel – Abu Baker Al Siddique Road, PO Box 16590, Dubai, U.A.E
Phone +971 4 607 7811; Fax +971 4 607 7011
www.marriott.com
At the JW Marriott Dubai you will enjoy luxury on your terms; impeccable service and elegant surroundings allow you to relax and focus on your own agenda. With 344 luxuriously appointed rooms and suites the J.W. Marriott provides an oasis of calm in a busy city while the award-winning restaurants have the recipe for satisfying a taste for international flavour.
Sheraton Dubai Creek – Baniyas Street, PO Box 4250, Dubai, U.A.E
Phone +971 4 228 1111; Fax +971 4 221 3468
www.starwoodhotels.com
After undergoing a complete renovation, the Sheraton Dubai Creek Hotel& Towers reopened October 10th, 2002 with a fully refurbished interior and exterior. The 255 room hotel now offers more creek-view rooms, redesigned atrium lobby, outstanding food and beverage facilities, upgraded rooms with state-of-the-art data connectivity, and Dubai's newest conference facilities.
Le Meridien – PO Box 10001, Airport Road, Dubai, U.A.E
Phone +971 4 282 4040; Fax +971 4 282 5540
www.lemeridien-dubai.com
Le Meridien Dubai is a five star deluxe hotel built on two floors and surrounded by 38 acres of landscaped gardens. The hotel is elegantly furnished with a french accent that incorporates the individual character and flair of the local culture. The hotel is minutes away from the commercial districts and shopping centres and a short distance from Dubai International Airport. Facilities include a choice of 15 restaurants and bars, 24-hour room and laundry service, two fully equipped business centres and a state-of-the-art Spa and fitness club.
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Geoff Haley
Geoff Haley is a highly regarded practicing lawyer within the project finance industry. He lectures extensively on BOOT and privatisation issues both in the UK and overseas, has had many articles published and contributed to several books on project finance.
Geoff is a lawyer specialising in project finance, Public Private Partnerships and construction both in the UK and overseas. He has specialist expertise in large and complex projects in the fields of energy, waste management, water treatment, transportation, healthcare and education. Projects include Channel Tunnel; Channel Tunnel Rail Link; UK DBFO Roads; Jordanian BOOT Projects; Tbilisi City Water; Belfast Courts; Government Accommodation Projects.
He is the founder and Chairman of IPFA (International Project Finance Association), a honorary Professor of Project Finance and visiting lecturer to the University of Dundee. He is the author of numerous publications including “A-Z of Boot”.
Courses run by this instructor
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.
Course dates