IPFA Training: Amsterdam: Understanding International Project Finance
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. Participants of this course will gain a comprehensive understanding of Project Finance deals through discussion of relevant organisation structures, effective regulation, enabling legislation and risk management techniques used in Project Finance and PPP projects.
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 course will be held over two days, with an optional third day. The first two days will cover key issues in the Project Agreements and Financing documents. The 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. 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 - 11.45 UNDERSTANDING PPP & PROJECT FINANCE
- Public policy issues
- Why the process?
- Issues for governments
- Developing a legal framework
- The benefits of PPP & project finance
11.45 – 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 COFFEE 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)
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.
DAY THREE (OPTIONAL)
09.15 - 10.45 PROJECT AND FINANCE AGREEMENTS
- Special Purpose Vehicle (SPV)
- Project Agreement (Concession Agreement)
- Construction Agreement
- Operations Agreement
- Power Purchase Agreement
- Loan Agreement
10.45 - 11.15 COFFEE BREAK
11.15 - 12.30 PROJECT AND FINANCE AGREEMENTS (CONTINUED)
12.30 - 13.30 LUNCH
13.30 - 14.30 MANAGING STAKEHOLDERS, PAYMENT MECHANISMS, PERFORMANCE STANDARDS AND TERMINATION
- Managing stakeholders
- Payment mechanisms
- Performance standards
- Termination
14.30 – 16.00 WORKSHOP THREE
In this workshop delegates will split into teams and review the practical steps to finance and construct a power station in the private sector; the case study will look at it from sponsor, banking and government viewpoints and will review set up; risk analysis, documentation required, integration to grid and regulation.
16.00 END OF COURSE
MULTIPLE BOOKINGS
Discounts are available for multiple bookings and are processed as follows:
- Two delegates a 10% discount will be applied to the total fee
- Three delegates a 15% discount will be applied to the total fee
- Four or more delegates a 20% discount will be applied to the total fee
(Please note these discounts will be reflected on the invoice)