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Public Private Partnerships & The Private Finance Initiative

Background to PPP
History and development
Current position, future trends and developments
Rationale and objectives of PPP
Benefits and drawbacks of using PPP

The three basic structures in PPP/PFI projects
Concession and franchises
Sale/flotation of a minority/majority stake
Joint ventures

Specific structures in PPP/PFI projects
BOT (Build Operate Transfer)
BOOT (Build Own Operate Transfer)
DFBO (Design Build Finance Operate)
DCMF (Design Construct Manage and Finance)
BLT ( Build Lease Transfer)
BOO (Build Own Operate)
Leasing

Overview of Risk and Risk Allocation
Risk evaluation and types of risk
Allocation and mitigation of risk

Key Issues in PPP/PFI
Achieving design quality
Appointing and managing advisers
Appointing and working with preferred bidders
Public sector comparators (use, selection, construction and application)
Managing long-term delivery of PFI

Sources and Types of Funding
Potential financiers
Types of funding; terms and tenors (senior debt, bonds, junior debt,
equity)

Credit Enhancement
The role of monoline insurance and wraps
Guarantees and other forms of credit enhancement

HOW YOU WILL BENEFIT

The will provide participants with a thorough understanding of the key aspects of PPP/PFI transactions and will also provide guidance on the practical application of those aspects from the perspective of all parties involved in those transactions including: Sponsors, Financiers, Accountants, Solicitors and those employed in the various Public Sector organisations involved in PPP/PFI transaction (e.g. Health Care, Local Authorities and other governmental departments). The topics and materials are illustrated by two real-life case studies which examine the critical aspects of these types of transactions which have been devised in conjunction with parties involved in these transactions.

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