The International Project Finance Association (IPFA) is delighted to announce the next course of our Australian training programme, Understanding Project Finance & PPPs. The programme will take place in Melbourne from 1 - 3 August 2016 and will be kindly hosted by corporate members, Gilbert + Tobin.
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 three days – the full programme and course fees are set out below. To register your place, please complete the online booking form.
COURSE PROGRAMME
DAY ONE
09.00 – 09.30 INTRODUCTION TO COURSE
09.30 – 10.45 INTRODUCTION TO AUSTRALIAN PPP PROJECT FINANCE
- Example Australian 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 a Business Case
- Economic/Financial Appraisal
12.30 – 13.15 LUNCH
13.15 – 14.30 RISK
- Risk Management
- Risk Allocation Case Study – Light Rail
- Risk Structuring Workshop – Hospital Precinct
14.30 – 15.30 COFFEE BREAK
15.00 – 16.00 CONSTRUCTION
- Cost Overruns
- Delays
- Technology & Design
- Cashflow Management
- Case Study of a Contractor failure
16.00 – 17.00 PUBLIC PROCUREMENT PROCESS
- Public Sector Comparator
- Procurement strategy
- Market Soundings
- Evaluation methodology
- Contract Management
- Procurement Workshop
DAY TWO
09.00 – 10.30 PROJECT DOCUMENTS
- Payment Mechanism
- Risk Protection
- Key Commercial Clauses
- D&C/O&M
10.30 – 11.00 COFFEE BREAK
11.00 – 13.00 COMMERCIAL STRUCTURING WORKSHOP
In this workshop delegates will be split into teams to review specific commercial problems and explore potential solutions.
13.00 – 14.00 LUNCH
14.00 – 15.30 TRAFFIC ANALYSIS CASE STUDY
In this workshop delegates will split into teams and review the practical steps to analyse a traffic forecast.
15.30 – 16.00 COFFEE BREAK
16.00 – 17.00 GILBERT & TOBIN SESSION
An aspect of Australian Project Finance market.
17.00 – 18.00 COCKTAIL RECEPTION
DAY THREE
09.00 – 10.30 EVOLUTION OF AUSTRALIAN PPP
- Hybrid financing models
- State capital contributions
- State SPV (build, operate, sell)
- Subordinated Debt
- Capital Recycling
- Value Capture
- Operator-led PPPs
10.30 – 11.00 COFFEE BREAK
11.00 – 12.30 CASHFLOW ANALYSIS
- Financial Models
- Debt Sizing
- Reserve Account Operation
- Key financial ratios
- Sensitivity & Scenario Analysis
- Traffic Case Revisited - using the Traffic forecast from the day before discuss ways to manage this risk to finance a PPP.
13.00 – 13.45 LUNCH
14.15 – 15.00 FINANCING CASE
Using a simplified Project Summary, Term Sheet & Financial Model groups will work through a review of how the various components work together to manage risk.
- Forms of financing – equity, debt, subordination
- Creating the SPV
- Debt Structures and Refinance risk
- Term Sheet
- Reserve Accounts & Distribution Tests
15.00 – 15.30 COFFEE BREAK
15.30 – 16.30 DISCUSSION OF FINANCING CASE
16.30 - 17:00 WRAP-UP
Course fees
- IPFA Member / Public Sector Delegate rate: AUD $2,500
- Non IPFA Member Delegate rate: AUD $3,000
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 Australian 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.
Hosted by: 
