IPFA Turkey: Istanbul: PPPs, The New Wave: Exploring Alternative Structures & Sectors in Turkey
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Turkey has a goal of high, sustainable and permanent growth. Along with its increasing population, this has led to a greater demand for infrastructure. Given that there are not adequate public resources available for funding, alternative financing and PPP models are required.
In order to meet the capital requirements of substantial infrastructure and energy needs, governments and project sponsors started looking to innovative funding solutions from new sources of capital. Such solutions meant a resurgence of project bonds that offer an opportunity for sponsors to diversify their funding base by tapping into the capital available from institutional investors. In light of these developments, project bonds and alternative structures such as "green bonds" have appeared in the Turkish market due to Turkey's mentioned enormous infrastructure and energy needs.
Turkey has been actively working to revive the Silk Road as part of the “One Belt, One Road” initiative and Turkey's projects over the last 14 years aimed to consolidate the Silk Road over airway, railway, roadway and maritime routes. Up until recently, numerous PPP projects – many of which are greenfield projects – have been implemented in the energy, transport, water, sewerage and healthcare sectors in Turkey. But now railways have started benefiting from a period of significant and sustained investment. There is major investment in high-speed lines, rail solutions to freight and distribution and urban transportation in major cities across the country as the government has made a commitment to expand the rail network. So what are the new structures and sectors forecasted for Turkey? This event will explore the landscape of PPPs with these new alternative financing mechanisms and the growth of new asset classes.
3.00pm Registration
3.30pm Welcome & Introduction
Jared Grubb, Managing Partner, Clifford Chance Istanbul
3.35pm Investment Climate in Turkey
Necmettin Kaymaz, Chief Project Director, The Republic of Turkey Prime Ministry, Investment Support and Promotion Agency (ISPAT)
4.00pm Alternative Structures: Project Bonds
Clare Burgess, Partner, Clifford Chance London
4.30 What is new in the Healthcare PPPs?
Riko Vanezis, Partner, Clifford Chance Frankfurt
5.00pm Panel Discussion: PPPs, The New Wave
Moderated by: Mete Yegin, Partner, Yegin Ciftci Attorney Partnership
Panelists: Hülya Paşaoğulları, Head of PPP Department, Republic of Turkey Undersecretariat of Treasury
Kerem Guzel, Corporate Finance Director, Limak Group Companies
Ufuk Bor, Country Finance Director, Astaldi
Yılmaz Kocagöz, Head of Turkey Sales, Executive Director, Goldman Sachs
Aslı Erden Ozturk, Associate Director, Senior Banker, EBRD
Simten Ozturk, Manager, Project & Acquisition Finance, Garanti Bankası
5.40pm Closing Remarks from Hosts
Jared Grubb, Managing Partner, Clifford Chance Istanbul
5.50pm IPFA Update
6.00pm Networking Drinks Reception kindly hosted by Clifford Chance and Yegin Ciftci Attorney Partnership
