IPFA Training: London: Understanding International Project Finance
The course will be held over two days, with an optional third day.
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, with an optional third day.
Each delegate will also receive a Certificate on satisfactory completion of the course, plus 18 CPD points.
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 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
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 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 CONTRACT MANAGEMENT ISSUES DURING THE CONSTRUCTION AND OPERATIONS PHASES
12.30 - 13.30 LUNCH
13.30 - 15.00 MANAGING STAKEHOLDERS, PAYMENT MECHANISMS, PERFORMANCE STANDARDS AND TERMINATION
• Managing stakeholders
• Payment mechanisms
• Performance standards
• Termination
15.00 – 16.30 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.
16.30 END OF COURSE
FEES
2 Day Course Delegate Rate:
- IPFA Member / Public Sector: £995 plus VAT
- Non IPFA Member: £1,395 plus VAT
3 Day Course Delegate Rate:
- IPFA Member / Public Sector: £1,495 plus VAT
- Non IPFA Member: £1,995 plus VAT
Fees include all documentation (digitally), lunch and refreshments but do not include accommodation.
Multiple Booking Discounts: * applied to the total fee
- For two delegates a 10% discount*
- For three delegates a 15% discount*
- For four or more delegates a 20% discount*
Please note:
- Once your registration has been received, an invoice will be raised and sent to you.
- All invoices will be issued in GBP. Please email training@ipfa.org if you wish to be invoiced in another currency
- Payment can also be made in EUR, USD, AUD, CAD, ZAR.
- All prices are quoted excluding VAT.
- Confirmation of your attendance along with joining instructions will be sent upon receipt of payment.
- The training documentation that will be presented on the day will be emailed to you before the course begins. You are welcome to print out the documents, or bring along a laptop / iPad if preferred to have your own copy. We will have digital copies of the file available on the day on USB should the email transfer not work. Laptops / iPads will not be provided.
For further information, please contact training@ipfa.org.