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PPP in the Nordics
21 October - 22 October 2002
PPP in the Nordics
It is the aim of this conference to offer guidance to the pitfalls that public and private sector should avoid and the topics covered at the conference. The topics to be discussed will include all the main issues on a country by country basis, both in theoretical terms and through practical current PFI case studies.

Benefits of attending this event

Network with your peers in the industry
Learn about the PPP road programme in Norway
Understand the payment mechanism for the Norwegian Roads projects
Find out the timeframe and project plan for Fehmarn Baelt between Germany and Denmark
Learn about the projects in Estonia
Hear about the initiatives and timeframe in the Finnish Defence Sector
Learn about the best value considerations at Jernbaneverket Norway
Expand your knowledge of the initatives in Finland at the municipal level
Hear comparative case studies from the international market
Hear the findings of the financial report on the Oresundsbron project

Gain an insight from key public and private sector presentations

Ministry of Transport, Denmark
Vegvesen, Public Road Administration, Denmark
Ministry of Finance, Estonia
Ministry of Defence, Defence Staff Finland
Ministry of Trade and Industry Finland
City of Vantaa, Finland
A-BANAN Projekt, Sweden
Jernbaneverket (Rail Administration) Norway
The Confederation of Finnish Industry and Employers TT, Finland Vattenfall,
Minsitry of Transport, Finland
LB Kiel
Road Administration Finland
Femer Baelt, Denmark
Oresundsbro Konsortiet
European Investment Bank
Banc of American Securities
Depfa Bank
Skanska BOT
Nordea Denmark
Ernst and Young

Conference agenda

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9:00

Registration and Coffee

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9:30

Introduction to Briefing

  • Purpose of the day
  • Organisation
  • Outline of case studies
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    9:45

    Case study No1 – illustrating

  • Risk identification
  • Risk treatment
  • Risk transfer
  • Risk mitigation
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    10:30

    Formation of Teams & Breakout Sessions

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    11:30

    Morning Coffee

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    11:45

    Teams’ feedback of case study

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    12:30

    Lunch

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    13:30

    Case study No 2- illustrating

  • Negotiating a fair risk sharing formula
  • Factors that are fundamental to the success of a PFI project
  • Public versus private sector view of risk
  • What makes a good or bad PPP project
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    13:45

    Formulation of teams and break out sessions

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    14:45

    Afternoon Tea

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    15:00

    Teams' feedback of case study

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    16:15

    Round up of Briefing findings

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    16:30

    End of Briefing

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    8:30

    Registration and Coffee

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    9:00

    Chairman's Opening Remarks

    Jeremy Williams

    Jeremy Williams, Solicitor, Roschier Holmberg

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    9:10

    IS PPP MORE EFFICIENT THAN TRADITIONAL PROCUREMENT?

    Kjersti Billehaug

    Kjersti Billehaug, Manager - PPP Program, Vegvesen

  • The political and socio-economic reasons behind the decision
  • The objectives of the new way of procuring transport infrastructure in Norway
  • The E39 Klett-Bardshaug, Sor-Trondelag – pre-qualification 2001
  • Objectives: increased availability and traffic safety, better environment and high aesthetic standard based on the approved area development plan
  • The E39 Lyngdal-Flekkefjord, Vest-Agder – pre-qualification in 2002
  • The E18 Kristiansand-Grimstad, Aust-Agder – pre-qualification 2003/2004
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    9:30

    THE PAYMENT MECHANISM FOR THE NORWEGIAN ROAD PROJECTS

    Jan Harald Solstad

    Jan Harald Solstad, Senior Manager, Ernst and Young Norway

  • The concept
  • An annual unitary payment being available
  • The actual level of payment: varied according to performance
  • Setting pre-defined criteria
  • The four elements: - Availability payment depending on certain standards - Performance payments for operation and maintenance - Safety payments based on the record of the road (compared to other roads in Norway) - Payments related to unexpectedly high traffic volumes
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    10:00

    EFFICIENCY CONSIDERATIONS IN THE NORWEGIAN RAILROADS

    Gunnar Markussen

    Gunnar Markussen, Head of Finance, Jernbaneverket, (Norwegian Rail Administration)

  • The socio-economic impact of a possible PPP funding of rail
  • Economical benefits as a result of competition
  • Efficiency considerations
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    10:30

    Morning Coffee

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    11:00

    KEY FINANCING ISSUES OF PPP PROJECTS

    Dr Ansgar Benidek

    Dr Ansgar Benidek, Director, Head of Infrastructure Finance, LB Kiel

  • Definition and rationale for PPP projects
  • Common structural characteristics and risk distribution
  • Realisation alternatives - Availability related structures - Minimum income guarantees, caps and corridors - Shadow tolling - Real toll solutions
  • Financing alternatives
  • Public concerns and private solutions
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    11:30

    TRANSEUROPEAN NETWORKS

    Cheryl Fisher

    Cheryl Fisher, Head of Division, Structured Finance and PPPs, UK, Ireland and Nordic Countries, European Investment Bank

  • EU support for TENs
  • Role for the private sector?
  • Advantages of PPP structures
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    12:00

    THE FINNISH APPLICATION OF PPP/DBFO METHOD IN LARGE ROAD INVESTMENTS

    Pekka Jokela

    Pekka Jokela, Director, Finnish Road Administration

  • The enlargement of the responsibility concerning traffic corridors
  • The payment mechanism: financing and risk management that supports customers’ needs
  • Defining the quality in DBFO/service contracts
  • Lahti road - the first Finnish DBFO – evaluation of progress to date
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    12:40

    Lunch

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    14:00

    CREATING AND MAINTAINING COMPETITION – TOPIC TO BE CONFIRMED

    Gunnar Lundberg

    Gunnar Lundberg, Senior Vice President, Skanska BOT

  • Provisions for the use of PPP
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    14:30

    THE VIEW FROM THE INVESTOR’S OFFICE

    Duncan Caird

    Duncan Caird, Managing Director, Global Infrastructure, Banc of America Securities

  • Identifying the right projects for Project Finance investment
  • Maximum or optimum risk transfer – what can the investor control or manage?
  • Assessing the risk – case study of the Arlandabanan High Speed Rail Link
  • Mitigating and pricing risk
  • Outsourcing risk to the insurance market/monoline wraps
  • What can we contribute to the Nordic market?
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    15:00

    Afternoon Tea

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    15:20

    ARLANDABANAN - LESSONS LEARNED FROM A REAL LIFE PPP PROJECT ON TRACK

  • Financial structure (risks, rewards)
  • The role of each party during implementation and lessons learned: - Concession company - Sponsors/shareholders - Contractor - Banks - Government
  • Current situation and future prospects
  • What could/should have been done differently?
  • Göran Lundgren was involved with the Arlandabanan project from the start and CEO 1996-2001 for A-Train, the concession company which built the project and now operates the Arlanda Express airport shuttle services
  • Göran Lundgren

    Göran Lundgren, CEO 1996-2001, A-Train

    Kjell Sundberg

    Kjell Sundberg, Managing Director, A-Train Projekt

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    15:50

    FINANCING SWEDISH TRANSPORT INFRASTRUCTURE

    Per Olof Lingwall

    Per Olof Lingwall, Head of Unit Financing, Banverket,( National Rail Administration Sweden)

  • Understanding infrastructure financing
  • The Infrastructure Bill
  • Developing new pricing and investment models
  • The financing situation of investment in the railways in Sweden
  • Experiences from the 1990s’ investment climate
  • The impact of the 2004-2015 plans
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    16:20

    PREPARING FOR THE DEFENCE REVIEW 2004

    Colonel Tapani Rahko

    Colonel Tapani Rahko, Chief of Control Unit, Finnish Defence Staff

  • Efficiency considerations in the Defence sector in Finland
  • Involving the private sector at the first phase of the project
  • Potential projects
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    17:00

    PANEL DISCUSSION – WHICH PFI TEMPLATES CAN BE ADAPTED FROM ONE COUNTRY TO THE OTHER?

  • Outline of the common issues in PPP

    Resource management

  • Handling transition and change
  • Creating sustainable value for money initiatives
  • Examining the role of public sector finance

    Are PPPs adaptable enough to accommodate the differing priorities of the Governments?

  • What challenges have Nordic countries faced in implementing PPP structures?
  • Chair: John Nelson, Independent Advisor

    Pertti Valtonen, Counsellor, Ministry of Trade and Industry, Finland

    Peter Lundhus, Managing Director, Femer Baelt, Denmark

    Gunnar Lundberg, Senior Vice President, Investment Manager, Skanska BOT

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    17:30

    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

    Dr John Nelson

    Dr John Nelson, Independent Advisor,

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    9:10

    THE POLITICAL AND SOCIO-ECONOMIC BACKGROUND OF THE FIXED LINKS

    Jorn Holdt

    Jorn Holdt, Head of Division, Ministry of Transport, Denmark

  • Financing infrastructure with high economic risk
  • Socio-economic considerations
  • Experience with co-operation between two countries on large projects
  • Ensuring transparency and dividing responsibilities between the parties involved
  • Retaining national government control while capitalising on the advantages of the private sector
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    9:40

    CONCLUSIONS OF THE FINANCIAL REPORT - THE ØRESUND LINK

    Kaj V. Holm

    Kaj V. Holm, Director, Finance, Øresundsbro Konsortiet

  • Findings of the financial report
  • Market conditions and commercial aspects
  • The pros and cons of guaranteed financing compared to private financing
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    10:20

    THE FEHMARN BELT LINK - DENMARK AND GERMANY MOVING TOWARDS A DECISION

    Peter Lundhus

    Peter Lundhus, Managing Director, Fehmarn Belt, Denmark

  • Framework and timetable
  • Results from the ECI (Enquiry of Commercial Interest)
  • Challenges
  • Risk distribution

    Financial requirements

  • Results from the corresponding financial modelling
  • The next steps
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    11:00

    Morning Coffee

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    11:20

    THE ROLE OF BANKS IN NORDIC PPP/PFI PROJECTS

    Egil Rindolf

    Egil Rindolf, Head of Export and Project Finance, Nordea Denmark

  • Why private sector funding?
  • Is the private sector better placed to manage risk?
  • The advantages of PPP finance as opposed to traditional financing methods
  • Best value considerations
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    12:00

    CREATING THE ENABLING ENVIRONMENT TO IMPLEMENT A PPP PROGRAM IN ESTONIA

    Margus Uudam

    Margus Uudam, Deputy Secretary General, Ministry of Finance, Estonia

  • Alternative financing initiatives in Estonia
  • Establishing the political will on the part of the government to consider PPP
  • Outlining the benefits of alternative financing
  • Possible projects and timeframes
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    12:20

    THE UNIQUE POSITION OF THE BALTIC STATES

    Dr John Nelson

    Dr John Nelson, Independent Advisor,

  • The socio-economic needs of the region
  • Does the legal structure favour development?
  • Potential projects at national and municipality level
  • Examples: the potential in infrastructure and social infrastructure
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    13:00

    Lunch

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    14:00

    CITY OF VANTAA – CREATING THE ENABLING ENVIRONMENT TO IMPLEMENT A PPP PROGRAM

    Martti Lipponen

    Martti Lipponen, Deputy Mayor, City of Vantaa, Finland

  • Ensuring political commitment from the government
  • Overview of the current market
  • Potential projects
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    14:30

    CREATING AN ENABLING ENVIRONMENT TO IMPLEMENT A PPP PROGRAM

    Juhani Huttunen

    Juhani Huttunen, Head of Corporate Finance, The Confederation of Finnish Industry and Employers TT

  • Ensuring political commitment from the government
  • Overview of the current market
  • Potential projects
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    15:00

    Afternoon Tea

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    15:20

    TIMEFRAME FOR FUTURE PROJECTS

    Pertti Valtonen

    Pertti Valtonen, Counsellor, Ministry of Trade and Industry, Finland

  • Future opportunities in the Finnish public sector
  • The advantages of involving private sector funding
  • Efficiency considerations
  • Lessons learned from the two projects so far
  • The potential in healthcare and education
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    15:50

    INITIATIVES AND POTENTIAL PROJECTS

    Kaisa Leena Valipirtti

    Kaisa Leena Valipirtti, Senior Adviser, Legal Affairs, Ministry of Transport and Communications, Finland

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    16:20

    MANAGING TRAFFIC RISK FROM THE LENDERS PERSPECTIVE

    Magnus d'Oldenburg

    Magnus d'Oldenburg, Associate Director Special Finance, DePfa Bank

  • Payment schemes
  • Traffic forecast
  • Pricing of traffic risk
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    17:00

    Chairman's Closing Remarks and Close of Conference

    Workshops

    Practical Risk Transfer Techniques in Project Finance

    Practical Risk Transfer Techniques in Project Finance

    Radisson SAS Scandinavia Hotel
    23 October 2002
    Copenhagen, Denmark

    Practical Risk Transfer Techniques in Project Finance

    Practical Risk Transfer Techniques in Project Finance

    Radisson SAS Scandinavia Hotel
    23 October 2002
    Copenhagen, Denmark

    Radisson Blu Royal Hotel

    Hammerichsgade 1
    Copenhagen DK-1611
    Denmark

    Radisson Blu Royal Hotel

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    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

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