Public Private Partnership (PPP) Financing, Projects & Contracts

DAY 1

• The Debate: What Should the State Provide?

• Case Study: The privatisation agenda

• Case Study: PPP experience in Africa / the Gulf – the good, bad and ugly

• Case Study: Why has the UK rejected PPP?

• Case Study: Taxation structures for private investment in infrastructure

• What Really Matters

• Case Study in structure: Lease-Develop-Operate (LDO) and Wrap-Around Addition (WAA)

• Group Discussion: Technical skills and the public sector – what needs fixing?

• Case Study: Corruption and inefficiency in PPP delivery – causes, course and consequences

• Sectoral Analysis: Toll Roads / Railways / Schools and Hospitals / Housing etc.

DAY 2

• Project Evaluation

• Case Study: International comparison of best practice guides in PPP experience and their application

• PPP Procedures

• Case Study: National PPP procedures compared to PF2 and other international practice

• Case Study: What happens when projects fail?

• Financing the Project

• Case Study: The role of the African Development Bank / Islamic Development Bank

• Case Study: Review of a PPP funding structure

• Module 7: Specific Contract Issues

• Case Study: How to rate a PPP transaction

• Case Study: Types of project finance structures appropriate for infrastructure finance

• Exercise: Resolving finance and structural issues in infrastructure provision

DAY 3

• Overview of Risk and Risk Allocation

• Case Study: Comparative risk evaluation in water and sanitation treatment plants

• More to Consider

• Organizing Legal Agreements

• Case Study: The standard PPP contract (including guidance and contracts in Africa / Middle East)

• Case Study: the UK Local Government contract – how useful?

• Case Study: Indian concession contract for a toll road – evaluation

• The Future of Private Finance for Infrastructure

• Case Study: International comparison of best practice guides in PPP experience and their application

DAY 4

• PPP Modelling

• Project Cash Flow

• Project Finance and PPP Models

• Case Study: Valuation and Cash Flow models

• Case Study: Revenue and cost models

• Project Finance in Practice

• Project Finance/PPP Model Issues

• Case Study: Modelling cash flow waterfalls

• Approaches to Rating in Project Finance/PPP Models

• Using Project Finance/PPP Models

• Case Study: Review of several project finance models and their decision-making input

DAY 5

• Building a PPP Model

• Project review

• Analyzing the inputs

• Dealing with input priorities

• Data plausibility

• Cash flow projections

• Loan assessment

• IRR NPV and other valuation analysis