Through discussion of relevant organisation structures, effective regulation, enabling legislation and risk management techniques used in Project Finance and PPP projects, participants will gain a comprehensive understanding of Project Finance deals. The course will be led by experts in the legal & banking sectors and will include detailed course materials, with interactive discussions, working groups and case studies. The delegates will be provided with copies of the main project documents i.e. Project Agreement, Construction Contract, Operations Agreement, Term Sheets and Loan Agreements.
The key issues in the Project Agreements and Financing documents will be covered in the two-day course. An optional third day is available for those delegates who wish to understand the various agreements in more detail and for practitioners involved in the detailed negotiation of the terms. The aim of the course is to give attendees a basic toolkit of knowledge and reference materials to enable them to understand the PPP process and the roles of key stakeholders.
The course will be held over two days. Each delegate will receive a Certificate on satisfactory completion of the course.
DAY ONE
09.00 – 09.30 WELCOME BREAKFAST & INTRODUCTION
09.30 - 10.45 INTRODUCTION TO PPP & PROJECT FINANCE
- History
- Concept Structure
- Acronyms explained (i.e. PPP/BOT)
10.45 - 11.00 COFFEE BREAK
11.00 - 12.15 UNDERSTANDING PPP & PROJECT FINANCE
- Public policy issues – Why the process?
- Issues for governments
- Developing a legal framework
- The benefits of PPP & project finance
12.15 – 13.00 CURRENT MARKET OVERVIEW
- Current issues
- Case studies
- Review of the market
13.00 - 14.00 LUNCH
14.00 - 15.15 RISK IDENTIFICATION & ALLOCATION
- The players & their risks
- Types of risk
- Internal risks
- External risks
- Identifying, understanding & evaluating project risks
- How best can these risks be mitigated
- How best to allocate & transfer risks
15.15 – 15.30 COFFE BREAK
15.30 - 17.00 WORKSHOP ONE
Preparation of Risk Matrix for projects in different sectors (i.e. airports, ports, trains, prisons, roads, hospitals, renewable energy projects, water, waste to energy plants, hydro and power generation).
17.00 DRINKS RECEPTION (TBC)
DAY TWO
09.15 - 10.45 KEY ISSUES IN PROJECT AGREEMENTS
- Special Purpose Vehicle (SPV)
- Project Agreement (Concession Agreement)
- Construction Agreement
- Operations Agreement
10.45 - 11.15 COFFEE BREAK
11.15 – 13.00 KEY ISSUES IN FINANCING DOCUMENTS, BANKABILITY AND THE SECURITY PACKAGE
- Term Sheet
- Loan Agreement
- Inter creditor Agreement
- Direct Agreement
- Security documents
13.00 – 14.00 LUNCH
14.00 - 15.30 PUBLIC PROCUREMENT AND POST CONTRACT
- The project business case
- Public sector comparator
- Procurement stages
- Evaluation options
- Events post contract
- Monitoring construction
- Performance – Benchmarking, market testing and penalties
- Force Majeure events
- Disputes with the SPV
- Contract termination
15.30 – 15.45 COFFEE BREAK
15.45 – 17.00 WORKSHOP TWO
In this session delegates will review selected case studies of completed projects across the world to illustrate best practice in project finance.
FEES
Two Day Course:
• Member / Public Sector – £645
• Non-member – £810
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
​Fees include all documentation, lunch and refreshments but does not include accommodation.
*Payment can also be made in EUR, USD, AUD, CAD, ZAR
**All prices are quoted excluding VAT
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 GBP. 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 that, following your registration, your email address will be added to the relevant regional mailing list to keep you informed of upcoming IPFA operations. Your details will NOT be shared with third parties and you can opt out at any time.
Should you have any queries regarding disabled access then please contact our events team at events@ipfa.org or call us on +44 (0)20 7427 0900.
