Key Topics Covered:
· The status of infrastructure financing in the Benelux region and beyond
· The continuing effect of the financial crisis and the impact on PPP projects
· The future of PPP post-recession
· The most interesting and relevant case studies from those directly involved
· Analysing the state of DBFM as well as the new model contracts
Periklis Saragiotis, Public Private Partnership (PPP) Program
World Bank Institute
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Michiel Engelaar, Project Finance,
European Investment Bank
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Erik Jan Snik, Coordinator, Public-Private Partnerships,
Financing Directorate of the Dutch Ministry of Finance
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Dr. Steven Van Garsse, Manager,
Flemish PPP Knowledge Centre (Flemish Government)
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Wim L. Leendertse, Senior Advisor,
Dutch Ministry of Transport, Public Works & Water Management
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Christophe Nicodème, Director General,
European Union Road Federation (ERF)
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Benoît Theys, Director,
BNP Paribas Fortis
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Karel Joos
(Former) Director, Cabinet of the Minister of Public Sector Enterprises,
(Former) Advisor, Cabinet of the Flemish Minister-President
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Julien Touzot, Director, Head of Benelux Markets,
Depfa Bank
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Also providing expert insight:
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Charles-Antoine Leunen, Advocaat bij de balie van Brussel, (Solicitor),
Freshfields Bruckhaus Deringer LLP
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Rogier Joosten, SPC Director,
Strukton Integrale Projecten
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Marco Schweer, Senior Manager, Structured Finance Department,
Sumitomo Mitsui Banking Corporation Europe
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Dick Spinder, Director,
Coentunnel Company
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Gijs Voskuyl, Associate Director,
Dutch Infrastructure Fund
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Errol Scholten, Investment Director,
NIBC
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Roeland van der Zee, Senior Consultant,
Aon Global
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Fabien De Jonge, Project Financing Manager,
CFE
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Jan Van De Voorde, Senior Investment Manager,
ParticipatieMaatschappij Vlaanderen (PMV)
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Edwin Birkhoff, Team Leader Engineering Lines Benelux,
Zurich Global Corporate Benelux, Zurich Insurance
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Leonie Ebbekink, General Counsel Benelux,
Zurich Global Corporate Benelux, Zurich Insurance
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Conference agenda
Chairman's Opening Remarks Steven Van Garsse, Manager, Flemish PPP Knowledge Centre Erik Jan Snik, Coordinator Public-Private Partnerships, Ministry of Finance, Netherlands
- What is the PPP climate in the Netherlands in these times of economic crisis?
- How the new Dutch cabinet views PPP and which measures it will take
- How can pension funds play a role in the financing of PPP?
Michiel Engelaar, Project Finance, European Investment Bank
- Reflecting on Coentunnel and Liefkenshoek
- Comparing projects planned for close this and next year that EIB is involved in.
- Reflecting on typical trends we see on infrastructure PPPs in the Netherlands and Belgium, particularly Flanders, against other European markets
PPP Renovation; Ministry of Finance Rogier Joosten, SPC Director, Strukton Integrale Projecten
- First large government accommodation PPP in operation
- Main contract structure
- M&O organisation
- Results of two years of operation
Hands-On Experiences on PPPs in the Benelux Region Marco Schweer, Structured Finance Department, Sumitomo Mitsui Banking Corporation (SMBC)
- Lessons learnt from closed deals
- What are the key challenges during construction/operation?
- Based on experiences made do deal structures for future projects need to be revised
Second Coentunnel Project - Creating Capacity Gerard Minten, CFO, Coentunnel Company
- Changed roles of Contractor and Contracting Authorities
- The tunnel safety law in the Netherlands
- Planning & Organisation
- Money flow
- Payment mechanism
Wim Leendertse, Senior Advisor, Ministry of Transport & Public Works
- An overview of the actual development of PPP in the Netherlands
- DBFM: ongoing
- The combination of infrastructure and area development: the new perspective
- Case: Amsterdam Zuidas development and reconstruction of infrastructure
- Case A2 Maastricht
2010 from a PPP Equity Perspective Gijs Voskuyl, Associate Director, DIF
- PPP Developments 2010 versus 2009
- Benelux PPP market highlights
- Changing risk profile in PPP projects:
- Counter party risk – governments
- Counter party risk – contractors and financiers
- Equity liquidity and funds developments
Changing Infrastructure Investors Appetites Errol Scholten, Investment Director – NIBC European Infrastructure Fund, NIBC
· Development of the infrastructure market
· Sector focus
· Country focus
· Limited partner’s behaviour
· Fund managers new world
Risk Pricing and Transfer in DBFMO Contracting
- Put the risk where it belongs
- Process of determining transferable risks
- Quantifying / pricing of risks (costs and delays)
- Cooperation of financial, technical, juridical and risk management
- Political and market aspects
- Case Study: Belgian infrastructure project
Roeland van der Zee, Senior Consultant, Aon EMEA North East Sonja Janicijevic, Senior Risk Consultant , Aon Global Risk Consulting Chairman’s Closing Remarks and Close of Day One Chairman's Opening Remarks Charles - Antoine Leunen, Solicitor, Freshfields Bruckhaus Deringer Steven Van Garsse, Manager, Flemish PPP Knowledge Centre
- A brief overview of the most important PPP projects
- Current trends
- Lessons to learn
- Issues to consider
Why Can Belgium Not Yet Be Considered A Mature PPP Market? Benoit Theys, Director, BNP Paribas Fortis Bank · Political will versus legal backlog;
· Is the "value for money" principle the real driver for PPP?
· The overall use (and abuse) of the "PPP" label
· The profile and experience of the players on the market Infrastructure Case Study Bert Hofstee, Managing Director, Amber Infrastructure
Diabolo PPP project
History
Overview
Structure
Involvement in the project
Status of the project and operation of the assets
Learned
The Road Infrastructure Challenge in Europe 2011 – 2020 Christophe Nicodème, Director General, International Road Federation · Lessons from the past
o Socio-economic aspects
o Safety
o Economic
· Challenges ahead
o Ageing population
o Better Mobility
o Performance
o Sustainability
o Financing
· Proposals for the future
o The proposals of the Road Infrastructure Sector Government Stimulus Plan as a Driver to the EU PPP Pipeline Julien Touzot, Director, DEPFA Bank · What are the new considerations/constraints post Lehman for closing a PPP
· Co-financing tools and limits
· An example: French Measures and outcome so far
Financing and Building of the Belwind Offshore Windpark Jan Van De Voorde, Senior Investment Manager, PMV · Belgian offshore wind fundamentals
· The take-over of the Belwind project out of the Econcern bankruptcy
· Non-recourse financing during the financial crisis
· Building progress, incidents & uncertainties Measures Enhancing the Bankability of PPP Projects Post-Credit Crunch Charles - Antoine Leunen, Solicitor, Freshfields Bruckhaus Deringer
- The need for additional structural features following the credit crunch
- Government guarantees and other forms of government support
- Participation of authorities in the funding of projects
- Impact on the tender process
Project Insurance Program Design
- Introduction on the Benelux PPP insurance market practice
- The challenges;
- The advantages of multi-line multi-year insurance programs (cradle-to-grave approach);
- Key ingredients for success.
The Position of Lenders:
- The importance of PPP insurance for the protection of the interests of the lenders (the project insurance program forms a vital part of the lenders' security);
- Lenders clauses
- The non-vitiation clause
Leonie Ebbekink, Advocaat (member of the Dutch Bar), Zurich Insurance, Netherlands Branch Edwin Birkhoff, Team Leader, Underwriter Engineering Lines, Zurich Insurance, Netherlands Branch PPP in Belgium – The Birth of an Investment Government Karel Joos, Director, Interel Belgium · Introduction
· PPP in Belgium prior to 2004
· PPP in Belgium since 2004
· PPP in Belgium today
· PPP in Belgium tomorrow
· Conclusions Chairman’s Closing Remarks and Close of Conference
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