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PPP and Concessions in France - Partenariats Public-Privé en France
24 February - 25 February 2003
PPP and Concessions in France - Partenariats Public-Privé en France
This is the second annual conference of Public Private Partnerships in France. Although a very small number of PPP has been undertaken to date in France a number of project finance deals have been closed. France is also interested in the possibility of procuring prison buildings and facilities under the PPP/PFI scheme.

With French construction companies and French banks actively involved in PFI/PPP projects in other countries, project finance has seen limited application in France itself. This appears to be due to a combination of economic, political and cultural reasons. The typical sectors project finance is applied to in other developed and emerging countries is often under state control or controlled by state monopolies.

Market liberalisation does enjoy support from some quarters including the renewable energy sector, autoroute concessions and prison services. It is also likely that the public finance policies will have to be reassessed as the French demographic profile changes and private pension plans are uncommon.

Benefits of attending this event:
· FIND out about recent changes to the legislative framework
· UNDERSTAND the obligations as a consortium
· LEARN about delivering the operational results – deadlines and cost control in PPP initiatives
· HEAR about the future position of the contractor in Public Private Partnership schemes
· DISCOVER French PPPs in action

Major contributions from senior representatives:
· Patrick Vieu, Head of the Toll Highways and Infrastructures Department, Ministry for Infrastructure, Transport, Housing, Tourism and the Sea, France
· Jean-Yves Leclercq, Head of Transport & Urbanism, Ministry of Economy, Finance & Industry, France
· Paul Freiermuth, Controleur Général des Armeés, Ministry of Defence, France
· Michel Zulberty, Président, Agence de Maîtrise d'Ouvrage des Travaux du Ministère de la Justice (Building Management Agency of the Ministry of Justice), France
· Adrian Montague, Senior Adviser to Societe Generale and Deputy Chairman, Network Rail
· Gilles Le Chatelier, Commissaire du Gouvernement au Conseil d'Etat, Chargé de mission à l'Institut de la Gestion Déléguée
· Matthias Woitok, Senior Loan Officer, European Investment Bank
· Jerome Fleury, Technical Director, ALIS

“Good mix of legal, technical and financial initiatives” Previous SAE Media Group delegate: Michael Polkinghorne, Avocat à la cour, Coudert Frères

Conference Language: English

Conference agenda

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8:30

Registration and Coffee

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9:00

Chairman's Opening Remarks

Corinne Namblard-Bouverot

Corinne Namblard-Bouverot, Managing Director, Galaxy Fund Management

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9:10

PPP ACCEPTANCE AND OVERALL PROGRESS

Gilles Le Chatelier

Gilles Le Chatelier, Commissaire du Gouvernement au Conseil d'Etat, Chargé de mission à l'Institut de la Gestion Déléguée

  • Present government policy towards PPP
  • Overcoming the barriers to PPP
  • Current progressions taking place
  • Acceptance of PPP as a solution
  • Future of PPP in the long term
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    9:40

    THE ROLE OF EIB IN THE FINANCE AND PROVISION OF PUBLIC SERVICES

    Matthias Woitok

    Matthias Woitok, Senior Loan Officer, European Investment Bank

  • Which sector is a priority for EIB involvement in France?
  • The EIB experience with PPP projects in France
  • Approach to financing
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    10:20

    DEVELOPING RAIL PPPS IN FRANCE

  • The regulatory framework and industry background
  • Special challenges of cross-border projects
  • Financing constraints
  • Lessons learnt from projects in other EU countries
  • Adrian Montague

    Adrian Montague, Senior Adviser to Societe Generale and Deputy Chairman, Network Rail

    Bertrand Heysch de la Borde

    Bertrand Heysch de la Borde, Director, Infrastructure Project Finance, Société Générale

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    11:00

    Morning Coffee

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    11:20

    THE USE OF PPP AND PFI IN TRANSPORT PROJECTS

    Jean-Yves Leclercq

    Jean-Yves Leclercq, Head of Transport & Urbanism, Ministry of Economy, Finance & Industry, France

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    12:00

    THE HEAVY GOODS VEHICLE TOLL COLLECTION SYSTEM IN GERMANY

  • ETC and interoperability in France
  • Cofiroute’s involvement in GPS based ETC systems
  • Future applications for GPS based ETC systems to PPP projects in France and in Europe
  • Gérard Charpentier

    Gérard Charpentier, Senior Executive Vice-President for Business Development, Cofiroute

    Guy Fremont

    Guy Fremont, Research and Development Manager, Cofiroute

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    12:40

    Networking Lunch

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    14:00

    ISSUES OF RISK AND ALLOCATION OF RISK

    Patrice Vabre

    Patrice Vabre, Executive Vice President Structured Finance, Dexia Crédit Local

  • Risk identification, assessment and quantification
  • Risk allocation
  • Contractual arrangements
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    14:40

    THE A28 MOTORWAY

    Jérôme Fleury

    Jérôme Fleury, Technical Director, ALIS

  • New initiatives to motorway concessions in France A28: project description
  • An innovative financing challenge
  • A benchmark for future projects in France?
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    15:20

    Afternoon Tea

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    15:40

    TAILORING PPP TO A FRENCH MODEL

  • The traditional concession model
  • Recent changes to the legislative framework
  • UK PFI - lessons learnt
  • French PPPs in action
  • An innovative financing challenge
  • Noël Chahid-Nourai

    Noël Chahid-Nourai, Head of Public Law, Allen & Overy

    Tim Scales

    Tim Scales, Senior Associate, Allen & Overy

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    16:20

    PPP IN FRENCH PRISONS

    Michel Zulberty

    Michel Zulberty, Président, Agence de Maîtrise d'Ouvrage des Travaux du Ministère de la Justice, (Building Management Agency of the Ministry of Justice), France

  • Does PPP in French prisons exist?
  • Financing and management issues
  • How do public and private sectors benefit?
  • What effects will the new law have?
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    17:00

    Chairman’s Closing Remarks and Close of Day One

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    8:30

    Re-registration and Coffee

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    9:00

    Chairman's Opening Remarks

    Pierre Coindreau

    Pierre Coindreau, Partner, PricewaterhouseCoopers

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    9:10

    LESSONS LEARNT FROM PAST PROJECTS

    Patrick Vieu

    Patrick Vieu, Head of the Toll Highways and Infrastructures Department, Ministry for Infrastructure, Transport, Housing, Tourism and the Sea

  • Overview of the awarding process
  • What are the goals of the State?
  • What is a good candidate?
  • What is a good bid?
  • What is a good concession contract?
  • What is a good partnership?
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    9:40

    BOND VS COMMERCIAL DEBT

  • Fixed or floating interest rates
  • Allowing project sponsors increased financial flexibility
  • Costs, rates and loan duration
  • Assessing the competition between these two sources of finance for project funding
  • Benefiting from more competitive rates and growing tenors
  • Widening the lender profile
  • Stéphane Rainard

    Stéphane Rainard, Structured and Acquisition Finance, Project Finance, Senior Project Manager, Crédit Lyonnais

    Anne-Sophie Morel

    Anne-Sophie Morel, Head of Fixed Income Origination, Crédit Lyonnais

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    10:20

    PPP IN DEFENCE

    Paul Freiermuth

    Paul Freiermuth, Controleur Général des Armeés, Ministry of Defence, France

  • French acquisition strategy
  • Implementation of modernisation reforms
  • Provision of defence related services by the private sector
  • The way ahead
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    11:00

    Morning Coffee

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    11:20

    PPP IN DEFENCE

    Frank Patalong

    Frank Patalong, Associate, Wragge & Co

  • The scope of the project
  • Workable, appropriate and economic?
  • Defence specific teams
  • Building a team
  • Getting the process right
  • Key issues -Output specification -Payment regime -Remedies

    Lessons learnt

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    12:00

    CASE STUDY LOCAL AUTHORITY

    Martine Vullierme

    Martine Vullierme, Adjoint au Directeur des Relations Contractuelles, Compagnie Générale des Eaux (Vivendi Environment Group)

  • General structure of the water distribution services in France
  • Different types of private sector participation in the operation of water services - Provision of partial services to a public operator - Operating the water service as a "delegated" operator - The current situation - The trends - The benefits for populations
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    12:40

    Networking Lunch

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    14:00

    CONSTRUCTION COMPANIES’ PERCEPTION OF PPP

    Michel Lyonnet du Moutier

    Michel Lyonnet du Moutier, Professeur, Paris 10 - Nanterre University, ENPC

  • Project finance and the importance of the constructor
  • Understanding the obligations as a consortium
  • Bidding for a project – providing what the public wants, what makes a project worth bidding for
  • Delivering the operational results – deadlines and cost control in PPP initiatives
  • The future position of the contractor in Public Private Partnership schemes
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    14:40

    PANEL DISCUSSSION

    Gilles Le Chatelier

    Gilles Le Chatelier, Commissaire du Gouvernement au Conseil d'Etat, Chargé de mission à l'Institut de la Gestion Déléguée

    Paul Lignières

    Paul Lignières, Lawyer & Head of the PPP/Public Economic Law Department, Landwell

    Paul Lignières

    Paul Lignières, Lawyer & Head of the PPP/Public Economic Law Department, Landwell

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    15:20

    Afternoon Tea

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    15:40

    PPP AND THE FRENCH LEGAL FRAMEWORK

    Emmannuel Fontaine

    Emmannuel Fontaine, Partner, Gide Loyrette Nouël

  • Overview of different law concepts
  • What impact does this have on PPP projects in France?
  • What improvements have to be made?
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    16:20

    PPP WITH LOCAL AUTHORITIES

  • Decentralisation: new opportunities?
  • Experimentation and pilot projects
  • Experimentation: the lessons learnt from railway projects
  • Local infrastructure and public services
  • New fields of intervention for local authorities (ports, airports)
  • Paul Lignières

    Paul Lignières, Lawyer & Head of the PPP/Public Economic Law Department, Landwell

    Paul Lignières

    Paul Lignières, Lawyer & Head of the PPP/Public Economic Law Department, Landwell

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    17:00

    Chairman’s Closing Remarks and Close of Conference

    Hotel Lutetia

    45 Boulevard Raspail
    Paris 75006
    France

    Hotel Lutetia

    HOTEL BOOKING FORM

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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, SAE Media 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@saemediagroup.com

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