The International Project Finance Association (IPFA) is delighted to announce the first course of our New Zealand training programme, Understanding Project Finance & PPPs. The programme will take place in Auckland between 4-5 May 2016 and will be kindly hosted by corporate members, EY.
Through discussion of project contractual structures and risk management techniques used in Project Finance and PPP projects, participants will gain a comprehensive understanding of Project Finance, negotiating techniques and ways to successfully implement Project Finance deals. The course will be facilitated by leading practitioners in the project finance market and will include detailed course materials, with interactive discussions, working groups and case studies. Each delegate will also receive a Certificate on satisfactory completion of the course, plus 18 CPD points.
Full details of our course instructors can be found via our website.
The course will be held over two days – the full programme and course fees are set out below. To register your place, please complete the online booking form.
DAY ONE
08.30 - 09.00 REGISTRATION
09.00 - 09.30 INTRODUCTION TO COURSE
09.30 - 10.45 INTRODUCTION TO PPP PROJECT FINANCE
Example PPP Project Finance Structure
Qualitative Risk Analysis and the importance of Counterparty
Typical financial structure and quantitative risk analysis
The Sponsor needs and limited recourse
Bankable Transactions
Construction and Operations Phases
Due Diligence
Monitoring
10.45 - 11.00 COFFEE BREAK
11.00 - 12.00 UNDERSTANDING PPPs
Infrastructure Funding/Financing
Why PPPs
Financing the SPV
Distinction between Economic and Social Infrastructure
Developing Business Case/Procurement Strategy
Evaluation/Public Sector Comparator
Economic/Financial Appraisal
12.00 - 13.00 RISK CASE STUDY
Risk Allocation Discussion – Light Rail
Risk Workshop for hospital project
13.00 - 14.00 LUNCH
14.00 - 15.00 EVOLUTION OF PPP
Hybrid financing models
Government capital contributions
Government SPV (build, operate, sell)
Subordinated Debt
Capital Recycling
Value Capture
Operator-led PPPs
15.00 - 15.30 COFFEE BREAK
15.30 – 16.00 PREVIOUS SESSION CONTINUED
16.00 - 17.00 EY CASE STUDY
An aspect of New Zealand Project Finance market
17.00 - 18.00 COCKTAIL RECEPTION
DAY TWO
09.00 - 11.00 WORKSHOP FINANCING
Using a simplified Project Summary, Term Sheet & Financial Model groups will work through the quantitative risk examination and how the various components work together to manage risk.
Forms of financing – equity, debt, subordination
Creating the SPV
Debt Structures and Refinance risk
Key financial ratios
Term Sheet
Reserve Accounts & Distribution Tests
11.00 - 11.15 COFFEE BREAK
11.15 - 13.00 DISCUSSION OF FINANCING CASE
13.00 - 13.45 LUNCH
13.45 - 15.00 CONSTRUCTION
Cost Overruns
Delays
Technology & Design
Cashflow Management
Case Study of a Contractor failure
15.00 - 15.30 COFFEE BREAK
15.30 - 16.30 PROJECT DOCUMENTS
Payment Mechanism
Risk Protection
Key Commercial Clauses
D&C/O&M
16.30 - 17:00 – WRAP-UP
FEES
· IPFA Member / Public Sector Delegate rate: NZD $1,500
· Non IPFA Member Delegate rate: NZD $2,500
GST is not applicable and will not be charged. Fees include all documentation, lunch and refreshments but does not include accommodation.
Discounts are available for multiple bookings and are processed as follows:
· For two delegates a 10% discount will be applied to the total fee
· For three delegates a 15% discount will be applied to the total fee
· For four or more delegates a 20% discount will be applied to the total fee
REGISTRATION
Please complete the online booking form to register for the course. Once your registration has been received, an invoice will be raised and sent to you in New Zealand Dollars. Confirmation of your attendance along with joining instructions will be sent upon receipt of payment. For further information, please contact training@ipfa.org.
Please note:
IPFA reserves the right, prior to the commencement date to change or cancel the whole or any part of the programme. Please do not book travel plans until the course is confirmed to you in writing.
Insurance is recommended as the full course fees are payable and no refunds will be made if the delegate is unable to attend.
For registration enquiries, please contact Training@ipfa.org