XII. Public Private Partnerships for Public Transport Investments

Size: px
Start display at page:

Download "XII. Public Private Partnerships for Public Transport Investments"

Transcription

1 XII. Public Private Partnerships for Public Transport Investments Introduction to Public Transport Planning and Reform XII-1

2 What is PPP? Agreement between Public and Private sector entities Often (but not always) on a long term basis For the provision of services or a facility, most often defined as outputs Payments may flow in either direction between private sector and the government (sometimes both) Risks are shared between the private sector and the government But foremost this is a partnership XII-2

3 Potential Benefits of PPP Use private sector expertise/know-how Reduce costs through better efficiency Focus state role on service improvement p Link quality of services to payments Focus public resources in areas where e private money cannot be channeled Mobilize private funds Meet expectations for more/better services Address backlogs in infrastructure maintenance XII-3

4 What can go wrong with PPP? Some external elements are difficult to manage Macro economic shocks (e.g. financial crisis) Lack of interest of international investors Enron crisis International banks withdrawal Design problems often can be overcome with the right preparation: Partial feasibility study Unrealistic risk allocation Poorly defined financial viability of project Unclear legal environment, urban context maybe more so in urban context - decentralization?) Lack of capacity for project follow-up during implementation XII-4

5 Overview: Forms of PPP Focus is payment for delivery of services rendered and transfer of the performance risk Public Private Partnership Works & Services Contracts Managemen t & Maintenanc e Contracts Operation and Maintenanc e Concessions Build Operate Transfer Concessions Full Privatizatio n Low Extent of private sector participation High XII-5

6 Overview: Some Examples Urban Highway 407 ETR, Toronto New Light Rail Transit Line, Madrid Street and Bridges Maintenance, Management and Preservation, Washington DC Fleet Operations and Maintenance, Several cities Off-Street Parking, Paris XII-6

7 Investor Perspective Financial Return and Risks Objective Concerns/Approach Debt (Banks) Debt (Principal & Interest) paid every 6 months - Ensure revenue covers debt - Minimize Risks Equity High return on - Focus on profits (Investors) equity invested - Maximize potential Talking to investors is not enough! Lenders will ultimately dictate what is financially feasible XII-7

8 Lesson 1 What Should You Do? PPP Project should be Projects with High Economic/Social Benefits XII-8

9 Lesson 2 When Should You Proceed? Value-for-Money Demonstrated value in bringing the private sector - Cost efficiency (main) - Investment (secondary) Optimum risk transfer to the private sector Affordability Risk allocated to party best able to manage it e.g. construction to private sector Issue of demand and economic risks? - City/Government can afford short and long-term payments - Guarantees are accounted for - Users can afford tariffs XII-9

10 Lesson 3 Good PPP Framework Encourages Private Sector Participation Policy (Do you know what you want?) Legal/Regulatory Institutional (Make sure private (Coordination, sector is allowed Decision making, to participate!) Capacity) Procurement (Competitive process, transparency) XII-10

11 Developing Successful PPPs Requires Time and Money We know what we want!!! Can we start Construction in 6 months? Timeline 1 month 2-6 months 6-24 months Africa National T reasury years South XII-11

12 Feasibility Study is Critical for Success and Saving Time/Money Recent review by World Bank of PPP transport projects in Central/Southeast Europe: Most issues/delays during procurement/operations could have been avoided with a solid feasibility study. Examples include: 1. Project failures during operations due to weak demand analysis and estimation of user willingness to pay 2. Delays in procurements often linked to important legal review not done prior to bidding stage Other common reasons for failure: Poor legal framework and enforcement Weak institutional capacity and PPP strategy Unrealistic revenue and cost estimates Lack of thorough financial and economic analysis Inappropriate sharing of risks Lack of competitive procurement Public resistance (willingness to pay not assessed) XII-12

13 Financial Equilibrium of Project Should Be Checked Frequently entl Dividends id d (Equity) = CAPEX GRANT (PUBLIC) Taxes/Fees Debt Servicing (Interest & Principal) OPEX Taxes/Fees EQUITY (PRIVATE) Operating Revenues and/or Availability Payment DEBT (PRIVATE) Construction Operations Do you have a sufficient and reliable REVENUE STREAM? XII-13

14 Public Financial Share Should Reflect Financial Model Projections 80,000 in Feasibility Analysis Equity Shareholders account Interests CAPEX 60, Debt Dividends Taxes Required Revenues or Capital Grant Principal Operating Availability payments 40,000 20, ,000-40,000-60,000-80,000 XII-14

15 Risk Allocation Transfer What Each Manages Best Risk should be allocated to the party best able to manage it If the private sector is asked to take over a risk it cannot manage (macro, demand ), it will either not participate or price it with a premium Availability Insurance Residual value Completion Cost overrun Design Environmental Exchange rate Force majeure Inflation Insolvency Interest rate Latent defect Maintenance Market, demand or volume Operating Planning Political Regulatory Resource or input Subcontractor Tax rate change Technology utilities XII-15

16 Risk Allocation An Illustration City/Government Reference Engineering Design Timely delivery of land Removal of public utilities Support in obtaining the permits and licenses Revenue and ridership risk Pay the Availability Fee Pay the Capital Grant Private Partner All risks associated with the detailed design, construction and operation (incl. construction price, operating cost, etc ) Performance during project operation in line with Agreement Take all risks related to raising the private financing necessary to complete the project XII-16

17 Competitive Bidding Brings Value Reduces costs and increases transparency Many failures directly linked to public/political opposition to non-transparent procurement Direct negotiations Can take longer than competitive bidding Unsolicited proposals Requests for direct negotiation rarely justified Can be done using competitive process XII-17

18 Close Supervision and Monitoring is Necessary Issues during operation can often be linked to contract design and to preparation p phase Contract Monitoring and Regulation can be complex and time consuming Close Monitoring is essential for the life of the contract (often as long as 30 years) Importance of institutional memory: ensure people and institution involved in preparation and procurement remain involved in monitoring Importance of human and financial resources: ensure that sufficient financial resources are dedicated to monitoring contracts and that people with the right skills are involved XII-18

19 Example of PPP Washington DC Street and Bridges Maintenance/Management/ t/ Preservation Client: Washington DC Contractor: VMS Inc. Type: Performance-Based Contract Contract Amount: US$84 million Total Center line km = 120 Total Lane km = 544 Contract Duration: 6 years Contract executed on June 22, 2000 Contract End on June Categories of Assets to be Managed: Pavement Structure Roadway Cleaning Drainage Roadside (curbs, gutters and sidewalks) Traffic Safety (guardrails, barriers) Roadside cleaning Roadside vegetation Bridges & Tunnels Pavement Markings Snow and Ice control Traffic Signs Highway Lighting XII-19

20 Example of PPP Washington DC Street and Bridges Maintenance/Management/ Preservation Contractor must meet a specified standard for each defined asset Contractor was told what outcomes to achieve No mention of inputs A asset condition inventory was prepared dfor the Request for Proposals XII-20

21 Example of PPP Sao Paulo Metro Line 4 Line 4 XII-21

22 Sao Paulo Metro Line 4 Content Investment (Phase I): 12.8 km metro, 9 stations, rail operating systems, 1 depot, rolling stock 30-year concession for the operation (Phases I and II) Beyond Vila Sonia: concessionaire-owned bus line operation, without additional fare. Primary Award criterion Lowest State investment required XII-22

23 Sao Paulo Metro Line 4 Investment t and Risk Sharing Investment Phase I Phase II Total Public $734M $188M $922M 73% Private $184M $156M $340M 27% Total $918M $344M $1262M 100% Private Sector Risks Construction delay Ridership (fare revenues) Exchange risk Inter-municipal bus integration risk XII-23

24 Best Practice in PPP Need serious commitment at all government levels Also coordinated approach by government counterparts The better the preparation, the quicker the process to financial close The more hurried the preparation, the longer the process to financial close and the higher the chance of failure Bid award is not the end of the story Larger scope for project modification Half time in development process Start small, be pragmatic and innovative, learn from experience, develop domestic expertise, then expand XII-24

25 Summary Projects should be integrated/consistent with overall urban transport strategy Solid demand forecasts are key to PPP viability Institutional set up is key to success Roles of local/central l/ l governments, sources of revenues and funding, integration of services and infrastructure, regulation Government help likely l needed d to ensure a reliable revenue stream Options include government contribution, provision of guarantees, or legally binding public service contracts Start with simple and small projects with established demand XII-25

Appendix E: Revenues and Cost Estimates

Appendix E: Revenues and Cost Estimates Appendix E: Revenues and Cost Estimates Photo Source: Mission Media Regional Financial Plan 2020-2040 Each metropolitan transportation plan must include a financial plan. In this financial plan, the region

More information

Draft PPP Policy Outline

Draft PPP Policy Outline Note 7 May 2012 Draft PPP Policy Outline This note is the seventh in a series of notes on developing a comprehensive policy, legal, and institution framework for public-private partnership (PPP) programs.

More information

Workshop on PPP in Roads and Highways

Workshop on PPP in Roads and Highways Workshop on PPP in Roads and Highways Vickram Cuttaree, PPP-Coordinator, Europe & Central Asia Member of the Global Expert Team on PPP June 7, 2011 Agenda Rationale for PPP and International Experience

More information

SECTOR ASSESSMENT (SUMMARY): ROAD TRANSPORT

SECTOR ASSESSMENT (SUMMARY): ROAD TRANSPORT A. Sector Road Map Road Improvement and Institutional Development Project (RRP PHI 41076) SECTOR ASSESSMENT (SUMMARY): ROAD TRANSPORT 1. Sector Performance, Problems and Opportunities 1. Roads provide

More information

Life-Cycle Project Delivery

Life-Cycle Project Delivery Life-Cycle Project Delivery A Note for Discussion IndII Round Table 11 th December 2012 Concerns with Conventional Project Delivery Government pays for inputs, not outputs Incentive for time/cost over-runs

More information

PROJECT INFORMATION DOCUMENT (PID) CONCEPT STAGE Report No.: AB3202 Project Name. Kenya Nairobi Urban Toll Road PRG Region

PROJECT INFORMATION DOCUMENT (PID) CONCEPT STAGE Report No.: AB3202 Project Name. Kenya Nairobi Urban Toll Road PRG Region Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized PROJECT INFORMATION DOCUMENT (PID) CONCEPT STAGE Report No.: AB3202 Project Name Kenya

More information

Alternative ways of Financing Urban Development

Alternative ways of Financing Urban Development External Support for Decentralization Reforms & Local Governance Systems in the Asia Pacific: Better Performance, Higher Impact? Cities Development Initiative for Asia Alternative ways of Financing Urban

More information

QUALITY TRANSPORTATION SUMMARY

QUALITY TRANSPORTATION SUMMARY QUALITY TRANSPORTATION SUMMARY Quality Transportation Overview... 126 Department of Transportation... 127 Traffic Field Operations... 129 Winston-Salem Transit Authority... 131 Quality Transportation Non-Departmental...

More information

I-66 RFI Response Vinci Concessions USA 25 November 2013

I-66 RFI Response Vinci Concessions USA 25 November 2013 General: 1. Please describe your firm, its experience in relation to public-private partnership projects, and its potential interest in relation to the Project (e.g., design/engineering firm, construction

More information

Public-Private Partnerships Association of Government Accountants

Public-Private Partnerships Association of Government Accountants Public-Private Partnerships Association of Government Accountants Fall Education Seminar Bob Childree November 2010 America's Infrastructure Report Card America s Infrastructure Report Card (American Society

More information

Introduction to the Toolkit Financial Models

Introduction to the Toolkit Financial Models World Bank & Brazilian Ministry of Transport Workshop on the Toolkit for PPP in Roads and Highways Introduction to the Toolkit Financial Models Cesar Queiroz World Bank Brasilia, Brazil, June 8-9, 2010

More information

Model Concession Agreement for Highways: An Overview

Model Concession Agreement for Highways: An Overview Model Concession Agreement for Highways: An Overview - Gajendra Haldea The highways sector in India is witnessing significant interest from both domestic as well as foreign investors following the policy

More information

T o o l k i t f o r P u b l i c - P r i v a t e P a r t n e r s h i p s i n r o a d s & H i g h w a y s. Advantages of PPP

T o o l k i t f o r P u b l i c - P r i v a t e P a r t n e r s h i p s i n r o a d s & H i g h w a y s. Advantages of PPP Advantages of PPP A key advantage of having the private sector provide public services is that it allows public administrators to concentrate on planning, policy and regulation. The private sector, in

More information

Public Works and Development Services

Public Works and Development Services City of Commerce Capital Improvement Program Prioritization Policy Public Works and Development Services SOP 101 Version No. 1.0 Effective 05/19/15 Purpose The City of Commerce s (City) Capital Improvement

More information

Applicability of Spanish PPP experience to Russian market

Applicability of Spanish PPP experience to Russian market Applicability of Spanish PPP experience to Russian market Fernando Gutiérrez de Vera Chairman of SEOPAN Concessions Commission 21 October 2008 1 What is SEOPAN? The Association of Major Spanish Contractors

More information

Yanino Waste Processing Plant City of St. Petersburg

Yanino Waste Processing Plant City of St. Petersburg Yanino Waste Processing Plant City of St. Petersburg Project Briefing 26 October 2009 Page 1 Table of Contents Sections 1. Executive Summary. 3 2. Waste Processing Industry in St. Petersburg.....4 3. Project

More information

MAINTENANCE DEPARTMENT

MAINTENANCE DEPARTMENT MAINTENANCE DEPARTMENT E-78 City of Mercer Island 2007-2008 Budget Department: Maintenance The Maintenance Department consists of the following functions: 1) administration, 2) capital projects engineering,

More information

LONG-TERM WARRANTY CONTRACTS RISK OR REWARD?

LONG-TERM WARRANTY CONTRACTS RISK OR REWARD? LONG-TERM WARRANTY CONTRACTS RISK OR REWARD? Anne Holt, P.Eng. Senior Engineer aholt@ara.com David K. Hein, P.Eng. Principal Engineer Vice-President, Transportation dhein@ara.com Applied Research Associates

More information

RTD Board Briefing. Eagle P3 Project Draft RFP. January 6, 2009

RTD Board Briefing. Eagle P3 Project Draft RFP. January 6, 2009 RTD Board Briefing Eagle P3 Project Draft RFP January 6, 2009 Eagle P3 Draft RFP Background Outline of Draft RFP Major Deal Points Payment Structure Page 2 Page 3 Background Eagle P3 Project Eagle P3 Project

More information

THE OFFICE OF TRANSPORTATION PUBLIC PRIVATE PARTNERSHIPS ( OTP3 )

THE OFFICE OF TRANSPORTATION PUBLIC PRIVATE PARTNERSHIPS ( OTP3 ) THE OFFICE OF TRANSPORTATION PUBLIC PRIVATE PARTNERSHIPS ( OTP3 ) VIRGINIA DEPARTMENT OF TRANSPORTATION ( VDOT ) VIRGINIA DEPARTMENT OF RAIL AND PUBLIC TRANSPORTATION ( DRPT ) RESPONSE TO REQUEST FOR INFORMATION

More information

Improving infrastructure outcomes through better capital allocation

Improving infrastructure outcomes through better capital allocation Improving infrastructure outcomes through better capital allocation Capital Projects & Infrastructure November 2017 Jose Luis Blanco André Dua Tyler Duvall Needham Hurst Jonathan Law Ben Safran Improving

More information

Public Private Partnerships. Gautrain Rapid Rail Link. in St Petersburg. World Bank Institute. CEO: Gautrain Management Agency

Public Private Partnerships. Gautrain Rapid Rail Link. in St Petersburg. World Bank Institute. CEO: Gautrain Management Agency Public Private Partnerships in St Petersburg Gautrain Rapid Rail Link World Bank Institute Jack van der Merwe (Pr.Eng) CEO: Gautrain Management Agency 07-08 December 2007 Why Gauteng... why Gautrain? The

More information

Funding and financing solutions for urban rail systems

Funding and financing solutions for urban rail systems Funding and financing solutions for urban rail systems Arturs Alksnis Public Affairs Manager 5 th European Conference on Sustainable Urban Mobility Plans 15 May 2018, Nicosia, Cyprus UNIFE is the European

More information

Asset Management Plan 2016 Township of King

Asset Management Plan 2016 Township of King Asset Management Plan 206 Township of King GHD Allstate Parkway Suite 30 Markham Ontario L3R 9T8 T 905 752 4300 F 905 752 430 5432 Table of Contents. 2. 3. 4. 5. 6. Executive Summary. Introduction.2 State

More information

Best Practice in National Support for Urban Transportation

Best Practice in National Support for Urban Transportation São Paulo, Brazil. Image: Ana Paula Hirama Best Practice in National Support for Urban Transportation Part 2: Growing Rapid Transit Infrastructure Funding, Financing, and Capacity November 2015 Lead Authors:

More information

PROJECT OVERVIEW PROJECT HIGHLIGHTS. August The first multi-asset PPP to be undertaken in the US using a bundled approach;

PROJECT OVERVIEW PROJECT HIGHLIGHTS. August The first multi-asset PPP to be undertaken in the US using a bundled approach; Image courtesy of Plenary Group (https://plenarygroup.com) August 2017 PROJECT OVERVIEW The USD 1.1 billion Pennsylvania Rapid Bridge Replacement (RBR) Project is the first multi-asset public-private partnership

More information

New Financing Trends Impact on Tunnelling Contracts

New Financing Trends Impact on Tunnelling Contracts Martin Holfelder, Dipl.-Ing., Member of Management, Bilfinger Berger AG, Civil Tunnelling Arne Speer, Dipl.-Ing., Regional Director East, Bilfinger Berger BOT Europe GmbH Contents of PPP Projects Return

More information

Master Development Plan for the TxDOT North Tarrant Express Project, Segments 2-4. Chapter 6: Preliminary Cost Estimates.

Master Development Plan for the TxDOT North Tarrant Express Project, Segments 2-4. Chapter 6: Preliminary Cost Estimates. , Segments 2-4 Chapter 6: Preliminary Cost Estimates Table of Contents 6.1 Details of Facilities... 17 6.2 Pre-Development and Facility Feasibility... 1 6.2.1 Planning... 1 6.2.2 Environmental Mitigation...

More information

SPAIN Zaragoza Tramway SUMMARY OVERVIEW ZARAGOZA TRAMWAY. Location Zaragoza, Aragón, Spain

SPAIN Zaragoza Tramway SUMMARY OVERVIEW ZARAGOZA TRAMWAY. Location Zaragoza, Aragón, Spain SPAIN Zaragoza Tramway Image: Tramway through Plaza Lanuza in Zaragoza by Thierry Llansades / CC BY-NC-ND 2.0 OVERVIEW Location Zaragoza, Aragón, Spain Sector Transport Rail Procuring Authority Municipality

More information

Mind the Maintenance Gap: Framework, Global Trends, and Maintenance in OIC Member States

Mind the Maintenance Gap: Framework, Global Trends, and Maintenance in OIC Member States Mind the Maintenance Gap: Framework, Global Trends, and Maintenance in OIC Member States Dr Adnan Rahman Director General, IRF www.irfnet.ch THE INTERNATIONAL ROAD FEDERATION Promoting the development

More information

PROJECT INFORMATION DOCUMENT (PID) APPRAISAL STAGE. Second Additional Financing to Road Rehabilitation & Maintenance Project Region

PROJECT INFORMATION DOCUMENT (PID) APPRAISAL STAGE. Second Additional Financing to Road Rehabilitation & Maintenance Project Region Project Name PROJECT INFORMATION DOCUMENT (PID) APPRAISAL STAGE Second Additional Financing to Road Rehabilitation & Maintenance Project Region AFRICA Sector Roads and highways (100%) Project ID P120723

More information

Overview of the framework

Overview of the framework Overview of the framework Need for a framework The highways sector in India is witnessing a significant interest from both domestic as well as foreign investors following the policy initiatives taken by

More information

P3: OPPORTUNITIES FOR AMERICA S INFRASTRUCTURE. Greg Hummel

P3: OPPORTUNITIES FOR AMERICA S INFRASTRUCTURE. Greg Hummel P3: OPPORTUNITIES FOR AMERICA S INFRASTRUCTURE Greg Hummel Public Private Partnerships ( P3 ) Broadly refers to a variety of transactions in which a public or quasi-public entity shifts some degree of

More information

QUALITY TRANSPORTATION SUMMARY

QUALITY TRANSPORTATION SUMMARY SUMMARY Transportation systems influence virtually every aspect of community life. They are the means for moving people, goods, and services throughout the community, and they play a significant role in

More information

Investing in our Region Investing in our Future

Investing in our Region Investing in our Future Investing in our Region Investing in our Future 1 The Challenge GTHA is facing consequences of its success 2 The Solution We have a plan Adopted in 2008 after a comprehensive public process The $34 billion

More information

Mn/DOT Highway Systems Operations Plan Update. Sue Lodahl, Mn/DOT Andrew Mielke, SRF Consulting Group

Mn/DOT Highway Systems Operations Plan Update. Sue Lodahl, Mn/DOT Andrew Mielke, SRF Consulting Group Mn/DOT Highway Systems Operations Plan Update Sue Lodahl, Mn/DOT Andrew Mielke, SRF Consulting Group Why A Highway Systems Operations Plan? Responsible for the maintenance and operations on over 30,000

More information

Project financing: guidelines & best practices

Project financing: guidelines & best practices Project Organizing in the construction industry Project financing: guidelines & best practices Padova, March 28th 2014 Palazzo del Bo Put simply: a PPP Project is considered bankable if lenders are willing

More information

FINDINGS FOR INFRASTRUCTURE 2014

FINDINGS FOR INFRASTRUCTURE 2014 Opinion Research Strategic Communication FINDINGS FOR INFRASTRUCTURE 2014 Introduction The following report covers the results for the Infrastructure 2014 survey of decision makers in the public and private

More information

Auditing Public Sector Projects and Programs. Speaker : Sanjay Vani The World Bank Washington DC

Auditing Public Sector Projects and Programs. Speaker : Sanjay Vani The World Bank Washington DC Auditing Public Sector Projects and Programs By Speaker : Sanjay Vani The World Bank Washington DC What is a Project and What is a Program? Auditing Public Sector Projects and Programs - Outline Stages

More information

CHAPTER 4 1 Transportation Financial Analysis

CHAPTER 4 1 Transportation Financial Analysis CHAPTER 4 1 Transportation Financial Analysis COMPASS commissioned a financial analysis, finalized in 2012, to support the CIM 2040 update. The analysis, Financial Forecast for the Funding of Transportation

More information

Public Private Partnerships (PPPs) Projects

Public Private Partnerships (PPPs) Projects Development Process of Public Private Partnerships (PPPs) Projects By Dr Paul H K Ho 1 Disclaimer Funded by Commerce, Industry and Technology Bureau, The Government of the Hong Kong Special Administrative

More information

URBAN TRANSPORT Funding and Financing solutions of the European Investment Bank

URBAN TRANSPORT Funding and Financing solutions of the European Investment Bank URBAN TRANSPORT Funding and Financing solutions of the European Investment Bank International Association of Public Transport Strategies for Public Transport in Cities Leipzig, 17-18 April 2008 Krzysztof

More information

Islamic Republic of Pakistan: Karachi Bus Rapid Transit Project

Islamic Republic of Pakistan: Karachi Bus Rapid Transit Project Project Design Advance Project Number: 47279-003 September 2016 Islamic Republic of Pakistan: Karachi Bus Rapid Transit Project This document is being disclosed to the public in accordance with ADB's Public

More information

The 2016 Business Plan and Budget Process: Issues and Options for Service Level Adjustments

The 2016 Business Plan and Budget Process: Issues and Options for Service Level Adjustments The 2016 Business Plan and Budget Process: Issues and Options for Service Level Adjustments Recommendation That the Executive Committee: 1. Direct the Administration to include the service level adjustments

More information

PPP in the Netherlands

PPP in the Netherlands PPP in the Netherlands Lessons learned (road infrastructure) Danny Zwerk Praha, 27-11-2018 RWS INFORMATIE Outline Introduction Rijkswaterstaat PPP History & Dutch government PPP policy DBFM Theory and

More information

Financing Transport Infrastructure. September 2014

Financing Transport Infrastructure. September 2014 Financing Transport Infrastructure September 2014 Financing Transport Infrastructure PPP Definition Project Risks Contract Structures Case Studies Key Issues Conclusions 2 PPP Definition Public Private

More information

Note No. 183 April Rail and Subway Concessions in Rio de Janeiro. Designing contracts and bidding processes

Note No. 183 April Rail and Subway Concessions in Rio de Janeiro. Designing contracts and bidding processes Public Disclosure Authorized Public Disclosure Authorized Privatesector P U B L I C P O L I C Y F O R T H E Note No. 183 April 1999 Jorge M. Rebelo Rail and Subway Concessions in Rio de Janeiro Designing

More information

TRUST AND CONFIDENCE

TRUST AND CONFIDENCE -2019- BU1.3 Torontonians City Council TRUST AND CONFIDENCE STRATEGY Public Service 2 2.9 million 3.1 million 3.8 million people call Toronto people call Toronto people will call Toronto home each night

More information

The Evolution of Public-Private Partnerships & Best Practices for States

The Evolution of Public-Private Partnerships & Best Practices for States The Evolution of Public-Private Partnerships & Best Practices for States The CSG Transportation Policy Academy Washington, DC September 17, 2014 Jonathan L. Gifford, Ph.D. George Mason University School

More information

The Role of the Public and Private Sector in Transport Infrastructure

The Role of the Public and Private Sector in Transport Infrastructure The Role of the Public and Private Sector in Transport Infrastructure Infrastructure Finance and the Challenges of Improving Transport Infrastructure and Services Transport Forum 2005 Washington DC, March

More information

Building a Better Tomorrow

Building a Better Tomorrow Building a Better Tomorrow Investing in Ontario s Infrastructure to Deliver Real, Positive Change A Discussion Paper on Infrastructure Financing and Procurement February 2004 2 BUILDING A BETTER TOMORROW

More information

REPORT TO THE CAPITAL REGIONAL DISTRICT BOARD MEETING OF WEDNESDAY, SEPTEMBER 8, 2010

REPORT TO THE CAPITAL REGIONAL DISTRICT BOARD MEETING OF WEDNESDAY, SEPTEMBER 8, 2010 REPORT TO THE CAPITAL REGIONAL DISTRICT BOARD MEETING OF WEDNESDAY, SEPTEMBER 8, 2010 SUBJECT City of Victoria Request for General Strategic Priorities Funding Application Support Johnson Street Bridge

More information

Selecting the Right Projects / Sectors for PPP Implementation

Selecting the Right Projects / Sectors for PPP Implementation the Right s / Sectors for PPP Implementation Policy Dialogue on PPP for Infrastructure Development in South Asia Organized by UN ESCAP 21-22 September 2015 PPP Macro Level Large number of commercial banks,

More information

Gautrain Rapid Rail Link - A Public Private Partnership Development Model

Gautrain Rapid Rail Link - A Public Private Partnership Development Model Gautrain Rapid Rail Link - A Public Private Partnership Development Model T E R R Y R A M A B U L A N A M. C O M ; A G A ( S A ) ; D I P ( F A ) ; M I S T D E X E C U T I V E D I R E C T O R T I S H O

More information

Updated Financial Analysis Final Draft

Updated Financial Analysis Final Draft Solar Market Pathways: San Francisco Solar and Storage for Resilience Project December 2017 Final Draft Important Notice This report was prepared by Arup North America Ltd. ( Arup ) in its capacity as

More information

Financing Strategies: Improving Public Expenditure Efficiency

Financing Strategies: Improving Public Expenditure Efficiency Financing Strategies: Improving Public Expenditure Efficiency National Workshop on Infrastructure Financing Strategies for Sustainable Development Organized by The United Nations ESCAP and National Planning

More information

TRUST AND CONFIDENCE

TRUST AND CONFIDENCE Torontonians City Council TRUST AND CONFIDENCE STRATEGY Public Service 2 2.9 million people call Toronto home each night 3.1 million people call Toronto home each day 3.8 million people will call Toronto

More information

Public Disclosure Authorized. Public Disclosure Authorized. Public Disclosure Authorized. Public Disclosure Authorized. Report No.

Public Disclosure Authorized. Public Disclosure Authorized. Public Disclosure Authorized. Public Disclosure Authorized. Report No. Report No. PID6809 Project Pakistan-Punjab Municipal Development (+) Fund Project Region Sector Project ID Borrower Implementing Agencies South Asia Urban PKPE55293 Government of Pakistan (GOP) Date PID

More information

The Federal Perspective: Project Finance, TIFIA and Public Private Partnerships

The Federal Perspective: Project Finance, TIFIA and Public Private Partnerships The Federal Perspective: Project Finance, TIFIA and Public Private Partnerships Mark Sullivan, Federal Highway Administration Innovative Transportation Finance Workshop Shoreview, Minnesota October 20,

More information

Reforming PPP in Infrastructure. Lessons from Chilean Experience

Reforming PPP in Infrastructure. Lessons from Chilean Experience Reforming PPP in Infrastructure Lessons from Chilean Experience Index: I. Advantages of long term contracts for Public Works Concession II. Contract Renegotiation III. Problems with Public Works Concession

More information

SUSTAINABLE URBAN MOBILITY PLAN TRAINING WORKSHOP. Module 6 Implementation Plan

SUSTAINABLE URBAN MOBILITY PLAN TRAINING WORKSHOP. Module 6 Implementation Plan SUSTAINABLE URBAN MOBILITY PLAN TRAINING WORKSHOP Module 6 Implementation Plan Sustainable Urban Mobility Plans: Delivery & Implementation Plans Identifying phased approach to delivery and programming

More information

FY Annual Budget: Mobility Solutions, Infrastructure, & Sustainability

FY Annual Budget: Mobility Solutions, Infrastructure, & Sustainability FY 2018-19 Annual Budget: Mobility Solutions, Infrastructure, & Sustainability City Council Briefing August 15, 2018 Majed Al-Ghafry, Assistant City Manager Overview FY 2018-19 Budget by Strategic Priority

More information

THE ROAD TO ECONOMIC GROWTH

THE ROAD TO ECONOMIC GROWTH THE ROAD TO ECONOMIC GROWTH Introduction 1. As in many countries, the road sector accounts for the major share of domestic freight and inter-urban passenger land travel in Indonesia, playing a crucial

More information

Public Private Partnerships 101

Public Private Partnerships 101 Public Private Partnerships 101 Tony Elkins, Commercial Director October 6, 2016 Cintra s LBJ Managed Lanes P3, Dallas, Texas The Ferrovial Group Development Over The Entire Infrastructure Lifecycle INFRASTRUCTURE

More information

India: Public Private Partnerships in Highways Sector

India: Public Private Partnerships in Highways Sector India: Public Private Partnerships in Highways Sector Prepared by World Bank as input for IDA paper, 2008 (provided by Tarun Sankar, PPIAF office, South Asia) India s transport program is one of the most

More information

MUNICIPALITY OF MISSISSIPPI MILLS. plan. December, 2016

MUNICIPALITY OF MISSISSIPPI MILLS. plan. December, 2016 MUNICIPALITY OF MISSISSIPPI MILLS plan December, 2016 PREFACE This Asset Management Plan is intended to describe the infrastructure owned, operated and maintained by the Municipality of Mississippi Mills

More information

In addition to embarking on a new dialogue on Ohio s transportation priorities,

In addition to embarking on a new dialogue on Ohio s transportation priorities, Strategic Initiatives for 2008-2009 ODOT Action to Answer the Challenges of Today In addition to embarking on a new dialogue on Ohio s transportation priorities, the Strategic Initiatives set forth by

More information

A P3 Success Story RTD s EAGLE P3 Project

A P3 Success Story RTD s EAGLE P3 Project A P3 Success Story RTD s EAGLE P3 Project September 20, 2011 STATE WORKSHOP ON PUBLIC PRIVATE PARTNERSHIPS FOR TRANSPORTATION WASHINGTON, DC Overview of the EAGLE P3 East Corridor 22.8 miles of commuter

More information

THE MANAGEMENT OF ROAD PROJECTS IN PAPUA NEW GUINEA

THE MANAGEMENT OF ROAD PROJECTS IN PAPUA NEW GUINEA THE MANAGEMENT OF ROAD PROJECTS IN PAPUA NEW GUINEA Roy Harry MUMU, John Belly Kelly KAIO PNG National Roads Authority Boroko, National Capital District, Papua New Guinea roymumu@daltron.com.pg, johnkaio@datec.net.pg

More information

CONFEDERATION LINE PROCUREMENT AS A PUBLIC PRIVATE PARTNERSHIP. Nancy Schepers Deputy City Manager, Planning and Infrastructure City of Ottawa

CONFEDERATION LINE PROCUREMENT AS A PUBLIC PRIVATE PARTNERSHIP. Nancy Schepers Deputy City Manager, Planning and Infrastructure City of Ottawa CONFEDERATION LINE PROCUREMENT AS A PUBLIC PRIVATE PARTNERSHIP Nancy Schepers Deputy City Manager, Planning and Infrastructure City of Ottawa OVERVIEW Project Overview Business Case & Benefits Procurement

More information

Applied Workshop on Preparing Infrastructure Projects 21 th - 25 th March Bangkok DAY 2

Applied Workshop on Preparing Infrastructure Projects 21 th - 25 th March Bangkok DAY 2 Applied Workshop on Preparing Infrastructure Projects 21 th - 25 th March Bangkok DAY 2 1 2 Recap of Day 1 Applying central concepts to structuring PPP projects S1: Project screening S2: Defining project

More information

Nigeria Infrastructure Building Conference 2014

Nigeria Infrastructure Building Conference 2014 Nigeria Infrastructure Building Conference 2014 May 2011 Project Finance as a viable option for financing Infrastructure Projects P R E P A R E D B Y: Helen Brume Divisional Head, Power, Infrastructure

More information

US$M): Sector Board : Transport Cofinancing (US$M (US$M US$M): US$M): Closing Date : 06/30/ /31/2011.

US$M): Sector Board : Transport Cofinancing (US$M (US$M US$M): US$M): Closing Date : 06/30/ /31/2011. Public Disclosure Authorized IEG ICR Review Independent Evaluation Group Report Number : ICRR14009 1. Project Data: Date Posted : 04/23/2013 Public Disclosure Authorized Public Disclosure Authorized Country:

More information

B. Whereas the development of infrastructure requires debt of longer maturity to supplement the debt funds presently available; and

B. Whereas the development of infrastructure requires debt of longer maturity to supplement the debt funds presently available; and Scheme for Financing Viable Infrastructure Projects through a Special Purpose Vehicle called the India Infrastructure Finance Company Limited (IIFCL) (Revised) 1. Preamble A. Whereas the Government of

More information

Public Private Partnerships, The Rules Oranjestad February 18, Paul Swanenvleugel

Public Private Partnerships, The Rules Oranjestad February 18, Paul Swanenvleugel Public Private Partnerships, The Rules Oranjestad Paul Swanenvleugel Paul Swanenvleugel Director PricewaterhouseCoopers Advisory N.V. P.O.Box 9616 1006 GC Amsterdam The Netherlands Ph: +31 88 792 32 19

More information

Bylaw No The Capital Reserve Bylaw. Codified to Bylaw No (December 18, 2017)

Bylaw No The Capital Reserve Bylaw. Codified to Bylaw No (December 18, 2017) Bylaw No. 6774 The Capital Reserve Bylaw Codified to Bylaw No. 9476 (December 18, 2017) Page 1 Bylaw No. 6774 The Capital Reserve Bylaw The Council of The City of Saskatoon enacts: Purpose 1. The purpose

More information

The Future: What s in Store for the Next Generation?

The Future: What s in Store for the Next Generation? The Future: What s in Store for the Next Generation? 3 rd Annual Texas Transportation Forum Adam Nicolopoulos ADN Capital Ventures, Inc. April 20 22, 2008 The Future - Financial Innovation? Where and How?

More information

Developing a PPP market: Getting the fundamentals right

Developing a PPP market: Getting the fundamentals right Developing a PPP market: Getting the fundamentals right Essentials for private sector participation 17 March 2016 Why does private sector care about PPP projects? PPP projects offers stable cash flows

More information

UCI Legislative Update. May 26, 2016 Julie Brown Local Assistance Division

UCI Legislative Update. May 26, 2016 Julie Brown Local Assistance Division UCI Legislative Update May 26, 2016 Julie Brown Local Assistance Division Legislative Updates HB 1402 (2015) Payments to City of Richmond for movinglanes converted to bicycle lanes; also required study.

More information

Scaling up investment in Infrastructure: The Indian experience

Scaling up investment in Infrastructure: The Indian experience Scaling up investment in Infrastructure: The Indian experience - Gajendra Haldea November 30, 2010 IMF, Washington Infrastructure Deficit Power 14% peaking deficit and 11% energy shortage; 27% T&D losses;

More information

10-Year Capital Highway Investment Plan DRAFT

10-Year Capital Highway Investment Plan DRAFT This document is made available electronically by the Minnesota Legislative Reference Library as part of an ongoing digital archiving project. http://www.leg.state.mn.us/lrl/lrl.asp 10-Year Capital Highway

More information

International Seminar on Strengthening Public Investment and Managing Fiscal Risks from Public-Private Partnerships

International Seminar on Strengthening Public Investment and Managing Fiscal Risks from Public-Private Partnerships International Seminar on Strengthening Public Investment and Managing Fiscal Risks from Public-Private Partnerships Budapest, Hungary March 7 8, 2007 The views expressed in this paper are those of the

More information

ECONOMIC ANALYSIS. Table 1: Total Cost Estimate (Economic Costs) (CNY million)

ECONOMIC ANALYSIS. Table 1: Total Cost Estimate (Economic Costs) (CNY million) Jiangxi Ji an Sustainable Urban Transport Project (RRP PRC 45022) ECONOMIC ANALYSIS A. Project Costs 1. This chapter outlines the methodology and results of the economic analysis for the project, comprising

More information

IPP TRANSACTION ADVISOR TERMS OF REFERENCE

IPP TRANSACTION ADVISOR TERMS OF REFERENCE IPP TRANSACTION ADVISOR TERMS OF REFERENCE Terms of reference for transaction advisor services to the Government of [ ] for the [insert description of the project] (the Project ). Contents 1. Introduction

More information

Presentation to the Ethiopia Government Delegation to Canada on PPP. Peter Kieran May 15, 2014 Ottawa, Ontario

Presentation to the Ethiopia Government Delegation to Canada on PPP. Peter Kieran May 15, 2014 Ottawa, Ontario Presentation to the Ethiopia Government Delegation to Canada on PPP Peter Kieran May 15, 2014 Ottawa, Ontario Overview Who is CPCS? Public-Private Partnerships / Transaction Advisory Services Example:

More information

P3 Fundamentals and Best Practices in Resource and Project Management

P3 Fundamentals and Best Practices in Resource and Project Management Achieving better value, timeliness and accountability through public-private partnerships P3 Fundamentals and Best Practices in Resource and Project Management Ottawa, Ontario November 26, 2015 Greg Smith

More information

FY2020 Budget Outlook

FY2020 Budget Outlook Finance and Capital Committee Information Item IV-A October 11, 2018 FY2020 Budget Outlook 35 of 60 Washington Metropolitan Area Transit Authority Board Action/Information Summary Action Information MEAD

More information

PPP initiative in the health sector

PPP initiative in the health sector PPP initiative in the health sector Stephen Batts PPP Key Consultant, EU Health Facility Day 2-3rd December 2016 EU Health Facility, Vietnam A Project funded by the European Union 1 2 Demand and Supply

More information

CONSTRUCTION OF THE BYPASS OF 3 VILLAGES ALONG THE M3 NATIONAL ROAD CHISINAU- GIURGIULESTI

CONSTRUCTION OF THE BYPASS OF 3 VILLAGES ALONG THE M3 NATIONAL ROAD CHISINAU- GIURGIULESTI TRACECA PROJECT FICHE CONSTRUCTION OF THE BYPASS OF 3 VILLAGES ALONG THE M3 NATIONAL ROAD CHISINAU- GIURGIULESTI 1. BASIC INFORMATION TITLE: Construction of the bypass of 3 villages along the M3 National

More information

AIRPORT BOTS/ CONCESSIONS CHECKLIST OF LEGAL AND REGULATORY ISSUES

AIRPORT BOTS/ CONCESSIONS CHECKLIST OF LEGAL AND REGULATORY ISSUES AIRPORT BOTS/ CONCESSIONS CHECKLIST OF LEGAL AND REGULATORY ISSUES The list below highlights the key legal issues that need to be considered in relation to Airport Concessions (assuming single site airport

More information

Success story: Slovak D4 R7 PPP & lessons learnt for Czech PPPs

Success story: Slovak D4 R7 PPP & lessons learnt for Czech PPPs www.pwc.com Success story: Slovak D4 R7 PPP & lessons learnt for Czech PPPs November 2016 Jan Brazda, (Head of PPP in CEE) Agenda 1 Key highlights of the D4/R7 PPP project 2 EU financial instruments 3

More information

Financing Megaprojects In The Rail Sector. Andreas Klocke, Head of KfW Regional Office, Bangkok

Financing Megaprojects In The Rail Sector. Andreas Klocke, Head of KfW Regional Office, Bangkok Financing Megaprojects In The Rail Sector Andreas Klocke, Head of KfW Regional Office, Bangkok Agenda 1. Background to KfW 2. PPP and the allocation interests and risks 3. Examples of PPP projects in the

More information

Capital Improvements Program. City Council October 14, 2014

Capital Improvements Program. City Council October 14, 2014 Capital Improvements Program City Council October 14, 2014 Neighborhood Attendees ~15 (Paul Kaspar) Presentation Today CIP Advantages/Process Approved CIP Program (FY14 - FY18 CIP) Financial Forecast Projects

More information

ECONOMIC AND FINANCIAL ANALYSIS

ECONOMIC AND FINANCIAL ANALYSIS Bihar New Ganga Bridge Project (RRP IND 48373) ECONOMIC AND FINANCIAL ANALYSIS A. Introduction 1. The proposed project is to build a new six-lane bridge across the Ganges River near Patna in the state

More information

GOLDEN EARS BRIDGE. Alternative Transportation Financing ITE Quad Conference - May Fred Cummings Vice-President, Major Construction Projects

GOLDEN EARS BRIDGE. Alternative Transportation Financing ITE Quad Conference - May Fred Cummings Vice-President, Major Construction Projects GOLDEN EARS BRIDGE Alternative Transportation Financing ITE Quad Conference - May 2009 Fred Cummings Vice-President, Major Construction Projects Golden Ears Bridge Project Context/Project Overview Project

More information

Introduction to Alternative Procurement Delivery

Introduction to Alternative Procurement Delivery Introduction to Alternative Procurement Delivery for Florida Transportation Commission January 24, 2013 TABLE OF CONTENTS Alternative Project Delivery (APD) US Market Overview APD Funding and Financing

More information

PUBLIC PRIVATE PARTNERSHIP IN NEPAL. Sushil Bhatta Member, National Planning Commission Government of Nepal

PUBLIC PRIVATE PARTNERSHIP IN NEPAL. Sushil Bhatta Member, National Planning Commission Government of Nepal PUBLIC PRIVATE PARTNERSHIP IN NEPAL Sushil Bhatta Member, National Planning Commission Government of Nepal 1 Outline Context Role of PPP in Infrastructure Evolution of Legal Framework for PPP PPP Practice

More information

Maintaining roads Experience with output-based contracts in Argentina

Maintaining roads Experience with output-based contracts in Argentina Maintaining roads Experience with output-based contracts in Argentina Gerard Liautaud Gerard Liautaud (gliautaud@ worldbank.org) works in the Latin America and the Caribbean Region of the World Bank. He

More information

Chapter 3: Regional Transportation Finance

Chapter 3: Regional Transportation Finance Chapter 3: Regional Transportation Finance This chapter examines the sources of funding for transportation investments in the coming years. It describes recent legislative actions that have changed the

More information

Group Exercise to Screen a PPP Project for Financial Feasibility

Group Exercise to Screen a PPP Project for Financial Feasibility World Bank & Brazilian Ministry of Transport Workshop on the Toolkit for PPP in Roads and Highways Group Exercise to Screen a PPP Project for Financial Feasibility Cesar Queiroz, Ph.D. World Bank Brasilia,

More information