Airports Infrastructure and Financing. ACI-LAC Annual Conference and Exhibition Brasilia, November 8 10, 2016

Transcription

1 Airports Infrastructure and Financing ACI-LAC Annual Conference and Exhibition Brasilia, November 8 10, 2016

2 Introduction Global management consulting firm with over 70 years of deep expertise. Infrastructure advisory and consulting services and proven success in the markets it serves: Aviation Surface Transport Infrastructure and Government LeighFisher is at the forefront of supporting privately financed public sector projects throughout the world. Our consultancy includes management services during the planning, design, construction, and operation phases of projects. 1 LeighFisher Canada

3 Why Public-Private Partnership? Globally, approximately 40 of the biggest 100 airports are fully or partially privately owned and/or operated Can integrate a project s Design, Build, Finance, Operation and Maintenance Facilitate greater risk transfer Traditional (Design-Bid-Build) Design Build (DB) Design Build Finance (DBF) Design Build Finance Maintain (DBFM) Design Build Finance Operate Maintain (DBFOM) Public Sector Risks Functional Program Design Financing Maintenance Operations Lifecycle Functional Program Performance Specifications Financing Maintenance Operations Lifecycle Functional Program Performance Specifications Maintenance Operations Lifecycle Functional Program Performance Specifications Operations Functional Program Performance Specifications Private Sector Risks Construction Schedule Design Construction Schedule Design Construction Schedule Financing Design Construction Schedule Financing Maintenance Lifecycle Design Construction Schedule Financing Maintenance Operations Lifecycle 2 LeighFisher Canada

4 Why Public-Private Partnership? Increases the likelihood of on time, on budget execution Reduce the taxpayer burden through private sector funding Transparency in all aspects of procurement, extensive due diligence, strong governance and clear roles and responsibilities Drives Value for Money Risks retained by Owner Operations & Maintenance Costs Financing Costs Retained Risks Operations & Maintenance Costs Financing Costs Value for Money Capital Costs Traditional Delivery Capital Costs P3 3 LeighFisher Canada

5 Public-Private Partnership Structure Owner Project Agreement Advisors: Technical Financial Legal Lenders Debt Special Purpose Company Equity Equity Providers Design Build Agreement Operations & Maintenance Services Agreement Builder O&M Provider 4 LeighFisher Canada

6 Canadian Experience

7 Case Study 1: Iqaluit International Airport Improvement Project Project Description: Includes a new airport terminal building; expanded aircraft parking stands and aprons; new airfield lighting systems; an upgraded runway; and a new combined support services building (to house fire-fighting vehicles, GSE equipment, and airport heavy maintenance equipment ) Delivery Model: Design-Build-Finance-Operate-Maintain (DBFOM) Results of P3 Procurement: DBFOM was selected as the preferred procurement option to best meet project objectives. PPP Canada s approval made the project financially possible. Cost: $298.5 million, 25% from PPP Canada (federal corporation created to support innovative public infrastructure projects), $68.7 million from government, remainder contributed by private consortium through debt and equity in the Project. 6 LeighFisher Canada

8 Case Study 2: Billy Bishop Airport Pedestrian Tunnel Project Description: Includes a pedestrian tunnel connecting to Toronto s island airport from mainland under the Toronto Harbour, a one-storey pavilion at the foot of Eireann Quay, an addition to the existing terminal building and water and sewage service lines Delivery Model: Design-Build-Finance-Maintain (DBFM) Results of P3 Procurement: No taxpayer dollars were used to fund the project. The project was delivered on budget and within the month timeframe announced for this project in Cost: $82.5 million, financed by the private sector and paid for by airport users via the existing Billy Bishop Toronto City Airport Improvement Fee (AIF) 7 LeighFisher Canada

9 Case Study 3: Air Rail Link Spur Line Project Description: A three-kilometre rail line, connecting GO Transit s Kitchener corridor to the new passenger station at Terminal 1 of Toronto Pearson International Airport Delivery Model: Design-Build-Finance (DBF) Results of P3 Procurement: Value for Money (VFM) Assessment (by provincial government agency, Infrastructure Ontario) indicated net cost savings of $20 million by using a P3 delivery model rather than a traditional delivery method, due to transfer of risks. Cost: $128.6 million 8 LeighFisher Canada

10 Latin-America Caribbean Experience

11 Case Study 4: New Guayaquil Intercontinental Airport, Ecuador Project Description: The concession of a New Guayaquil International Airport (NAIG) to replace the city s existing José Joaquín de Olmedo Airport. Delivery Model: Design-Build-Finance-Operate Maintain (DBFOM) Results of P3 Procurement: Flexibility in the Project Definition and ability to leave the means and methods to the airport concessionaire 10 LeighFisher Canada

12 Case Study 5: Chinchero-Cusco International Airport, Peru Project Description: The concession of a new greenfield airport for a 40 year concession period. The new airport is to accommodate 4.5 million passengers at the opening year in 2021 and 5.7 million passengers at the end of its concession period in The project includes a 4,000 meter runway and a terminal building of 40,000 square meters. Delivery Model: Design-Build-Finance-Operate-Maintain (DBFOM) 11 LeighFisher Canada

13 Case Study 6: Norman Manley International Airport, Jamaica Project Description: The Government of Jamaica is seeking a private operator for the Norman Manley International Airport (NMIA) to complete the planned modernization, expansion and efficiency improvements to the airport facilities over a 30 year concession period. Delivery Model: PPP 12 LeighFisher Canada

14 LeighFisher Canada Inc 90 Adelaide Street West, Suite 802, Toronto, Ontario M5H 3V9 CANADA