Public Private Partnerships & The Private Finance Initiative
Short course
Inhouse
Description
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Type
Short course
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Methodology
Inhouse
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Class hours
6h
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Duration
1 Day
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Start date
Different dates available
This course will provide participants with a thorough understanding of the key aspects of PPP/PFI transactions. It will cover the three basic structures of PPP/PFI transactions and the identification and mitigation of risk. It 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).
Long term delivery of PFI and sources of funding will be discussed, as well as insurance, guarantees and other forms of credit enhancement. 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.
Participants will be required to bring a laptop to the course.
Important information
Documents
- Public Private Partnerships & The Private Finance Initiative
Facilities
Location
Start date
Start date
Reviews
Subjects
- PPP
- PPI
- Leasing
- Risk Allocation
- Design Quality
- Credit Enhancement
- Monocline Insurance
- Wraps
- Small Project Funding
- Toll Road Funding
Teachers and trainers (1)
Former Practitioner
Contact us for details enquiries@redcliffetraining.co.uk
Course programme
Course Content:
Background to PPP
Ø History and development
Ø Current position, future trends and developments
Ø Rationale and objectives of PPP
Ø Benefits and drawbacks of using PPP
Case Study: Nottingham Trent University
The three basic structures in PPP/PFI projects
Ø BOT (Built Operate Transfer)
Ø BOOT (Build Own Operate Transfer)
Ø DFBO (Design Build Finance Operate)
Ø DCMF (Design Construct Manage and Finance)
Ø BLT (Built Lease Transfer)
Ø BOO (Build Own Operate)
Ø Leasing
Case Study: Scottish PP Projects
Overview of Risk and Risk Allocation
Ø Risk evaluation and types of risk
Ø Allocation and mitigation of risk
Case Study: IT for Magistrates’ Courts
Key Issues in PPP/PFI
Ø Achieving design quality
Ø Appointing and managing advisers
Ø Appointing and working with preferred bidders
Ø Public sector comparators (use, selection, construction and application)
Ø Managing long-term delivery of PFI
Case Study: The UK experience with Jarvis
Ø Sources and types of Funding
Ø Potential financiers
Ø Types of funding: terms and tenors (senior debt, bonds, junior debt, equity)
Case Study: HM Treasury Small Project Funding
Refinancing
Case Study: Norwich Hospitals NAO Study
The Credit Enhancement
Ø The role of monocline insurance and wraps
Ø Guarantees and other forms of credit enhancement
Case Study: European Toll Road Funding
Public Private Partnerships & The Private Finance Initiative