PPP Summit. Building better infrastructure together. REGISTER NOW November 2018 PARKROYAL Darling Harbour

Transcription

1 PRESENTING THE 18TH ANNUAL PPP Summit Building better infrastructure together November 2018 PARKROYAL Darling Harbour PRESENTATIONS FROM: Michel Kerf, Country Director for the South Pacific, World Bank Graeme Newton, Chief Executive Officer, Cross River Rail Delivery Authority Kitty Marmanidis, Director Strategic Advisor, Evaluation and Negotiation and Public Private Partnerships, Department of Defence Asheem Shrestha, School of Architecture & Built Environment, Deakin University Mark Moseley, Chief Operating Officer, Morag Baird, Senior Manager, Leading Practices and Policy, Demi Chung, Senior Lecturer, University of New South Wales An Nguyen, Head of Partnerships Victoria, Infrastructure Delivery Group Sammy Isreb, Divisional Director, Macquarie Capital Catherine Black, Managing Director, Cities and Social, International Project Finance Association John Alexander OAM MP, Member for Bennelong, Chairman, Standing Committee on Infrastructure, Transport and Cities Liesel Henn, Manager Policy and Projects, Civil Contractors Federation NSW Julie Castle, Managing Director, Struber Michelle Sichlau, Executive Director, Sydney Origination Team, Plenary Group Hugo Harmstorf, Chief Executive Officer, Independent Pricing and Regulatory Tribunal, NSW REGISTER NOW

2 Monday 19 November :30 Registration and morning coffee 9:00 OPENING Opening remarks from the Chair LATEST INTERNATIONAL DEVELOPMENTS IN PUBLIC PRIVATE PARTNERSHIPS 9:10 KEYNOTE ADDRESS Examining factors contributing to best practice collaboration between the public and private sector in infrastructure development In this opening keynote address Michel Kerf, the World Bank s regional director will explore PPP developments worldwide and some of the key contributors to successful ongoing collaboration between the public and private sector. Learning from past experience to improve future infrastructure public-private partnerships is a focal issue for policy makers, financiers, implementers, and private sector stakeholders. An extensive body of case studies and lessons learned will be explored in this session, highlighting some of the key factors that can help improve the likelihood of success and attempt to reduce the risk of future contract failures. Michel Kerf, Country Director for the South Pacific, World Bank KEY FEDERAL AND STATE UPDATES IN INFRASTRUCTURE AND PPP GUIDANCE 9:40 KEYNOTE ADDRESS The role of public and private sector partnerships in the move towards a long term shared Australian infrastructure policy In this session, John Alexander OAM MP will discuss the critical role of the private sector and coordination of local, state and federal governments master planning and funding in a clear, long-term national infrastructure policy, achieving shared objectives. John will discuss key strategies for making the most of these kinds of collaborations and the importance of a clear, long-term federal infrastructure policy on sustainable population growth in our regional and urban population centres, maintaining a high standard of living and strong economic growth. John Alexander OAM MP, Member for Bennelong, Chairman, Standing Committee on Infrastructure, Transport and Cities 10:10 PANEL DISCUSSION Changing PPP models, changing value is there a need to evolve the national standards on ensuring value when considering PPPs in procurement decision making to keep pace with changes in procurement models? This discussion will explore the impacts of Australia s National PPP Policy and Guidelines, the Public Sector Comparator and state government PPP policies and guidelines on government procurement decision making and how guidelines might best evolve as PPP models change over time. Topics to be explored will include: Adapting guidelines to changes in PPP procurement models over time Exploring the factors that are most critical in assessing whether PPPs are the best procurement option Ensuring approvals and value proposition determination process doesn t unreasonably disincentivise use of PPPs where they might deliver the best value Morag Baird, Senior Manager, Leading Practices and Policy, Asheem Shrestha, School of Architecture & Built Environment, Deakin University An Nguyen, Head of Partnerships Victoria, Infrastructure Delivery Group, Department of Treasury and Finance, Victoria 11:00 Networking and refreshment break PUBLIC PRIVATE PARTNERSHIP PROJECT ANNOUNCEMENTS AND UPDATES Public Private Partnership Infrastructure Project Announcements and Updates Learn about the latest PPP project announcements from Australian state and territory governments and opportunities stemming from these new developments. 11:30 New South Wales Michael Arnott, Head of Infrastructure and Structured Finance Unit, NSW Treasury 12:00 Victoria An Nguyen, Head of Partnerships Victoria, Infrastructure Delivery Group, Department of Treasury and Finance, Victoria 12:30 Lunch and networking break KEY DESIGN AND MANAGEMENT CHALLENGES IN PUBLIC PRIVATE PARTNERSHIPS 13:30 ROUND TABLE Key public interest considerations in public private partnership infrastructure procurement This interactive round table session will explore critical public interest considerations in designing and managing public private partnerships around infrastructure procurement. Topics to be explored will include: Tackling public interest considerations including: privacy, accountability, health and safety, consumer rights, public access and equity Examining the broad range of different jurisdictional approaches to tackling these important issues Key infrastructure development and service delivery factors Stakeholder engagement around public interest exploring challenges and strong examples of success Catherine Black, Managing Director, Cities and Social, International Project Finance Association 14:20 PANEL DISCUSSION Public private partnership risk distribution getting the balance right Exploring ideal risk distribution structures between public and private sector partners Examining the key risks that need to be allocated and managed: Construction and completion risk, Operating risks, Demand risk, Force majeure and change in law, Political and regulatory risk and expropriation and nationalization risk, Environmental risk, Social risk, Tenor and refinancing risk, Currency exchange risk, Interest rate risk REGISTER NOW

3 Monday 19 November 2018 DAY 1 Risk mitigation mechanisms such as hedging and futures contracts, use of insurance and guarantees Managing key risks such as regulatory bottlenecks to cashflow, market bottlenecks, and revenue forecast estimates Capping and collaring risk setting a floor of investor liability Which risk distribution and mitigation approach is appropriate for which infrastructure asset class and investor type? Examining case examples of successful and unsuccessful risk allocation and management in public private partnership infrastructure projects Graeme Newton, Chief Executive Officer, Cross River Rail Delivery Authority Morag Baird, Senior Manager, Leading Practices and Policy, Demi Chung, Senior Lecturer, University of New South Wales 15:10 Networking and refreshment break 17:10 Collaborative contracting and long-term public private partnerships Characteristics and tenets of collaborative contracting in P3 arrangements Effectively establishing and monitoring long-term performance based contracts Identifying, measuring and reporting KPIs and actively managing contract performance frameworks to ensure quality service delivery Building and sustaining long-term stable public and private partnerships for high quality sustainable whole of life cycle infrastructure delivery Kitty Marmanidis, Director, Strategic Advisor, Evaluation and Negotiation + Public Private Partnerships, Department of Defence 17:40 CLOSING Closing remarks from the Chair and Networking drinks PUBLIC PRIVATE PARTNERSHIP CASE EXAMPLES, SUCCESSES AND CHALLENGES 15:40 Extending an Existing PPP A Case Study Gold Coast Light Rail In this case study session, GoldlinQ will discuss how they have strategically planned extension of their PPP project and talk through some of the complexities of these extensions. GoldlinQ successfully managed their PPP extension from Stage 1 to Stage 2 and is currently planning to extend the project to Stage 3A. This session will explore the ins and outs of managing an extension and key considerations for both government project managers and SPVs. Phil Mumford, Chief Executive Officer, GoldlinQ Phil Chipman, General Manager Technical, GoldlinQ 16:10 Overcoming challenges around healthcare infrastructure delivery via public private partnerships Ensuring service delivery without the excesses of gold plating Bed costs for government funded, private hospitals and PPPs what is the inflation and what is its source Best practice examples of healthcare PPPs Advantages of building in high proportions of private debt and design, build and operational efficiencies Alternatives to the Design, Build, Operate and Transfer (DBOT) model for public private partnerships in healthcare Michelle Morrison, Chief Executive Officer, Exemplar Health (NBH) Partnership, Capella Capital DEVELOPING LONG TERM FUNCTIONAL PARTNERSHIPS 1640 Developing functional long-term partnerships between the public and private sectors Exploring the fundamentals of PPP Contract Management Examining the importance of managing contracts throughout the lifetime of the project The critical role of stakeholder engagement both across government, and with the community and user groups Dealing with change and renegotiation of public and private sector partnerships over time Morag Baird, Senior Manager, Leading Practices and Policy, Keep updated on exclusive speaker interviews and other specialist content pieces at Informa Insights

4 Tuesday 20 November :00 OPENING Opening remarks from the Chair PUBLIC PRIVATE PARTNERSHIPS AND INFRASTRUCTURE INVESTMENT 9:10 KEYNOTE INVESTOR PANEL DISCUSSION How can we position Australian infrastructure PPPs as a lucrative investment option? This session will explore what investors are looking for in an infrastructure asset and examine how we can meet these needs and structure PPP developed infrastructure asset planning and delivery to appeal to them. Investors with exposure in infrastructure assets and experience investing in assets developed within PPP frameworks will offer their perspectives on what makes for a lucrative investment, offering the opportunity for the Australian infrastructure sector to learn from the insights of current and potential local and global investors. Factors to be explored include: Stable contractual settings with clear risk distribution between financial partners Establishing the right commercial incentive framework with a fairly well guaranteed and not over-stated rate of return Infrastructure asset design, construction and operations considerations Sammy Isreb, Divisional Director, Macquarie Capital Steven Proctor, Executive Director, Public Infrastructure Partners Fund, HRL Morrison & Co Michelle Sichlau, Executive Director, Sydney Origination Team, Plenary Group Stephen Land, Director, Infrastructure, National Australia Bank COMMUNITY ENGAGEMENT AND SOCIAL LICENSE TO PROCURE THROUGH PPPS 10:00 Overcoming the community engagement challenges faced by PPPs achieving social license to procure PPPs can offer cost and efficiency benefits and increase the speed of infrastructure delivery, however they are wildly unpopular amongst the public at large. In this interactive discussion, Julie will raise some of the key community engagement challenges around using public private partnerships for infrastructure procurement and discuss key strategies for overcoming them achieving a social license to procure where PPPs are the most rational infrastructure development choice. Audience members will be encouraged to contribute their experiences, lessons learned and suggestions to the discussion. Julie Castle, Managing Director, Struber 10:30 The Exploring findings on the top five research priorities for Australia s infrastructure sector and implications for public private partnerships around infrastructure development After nine months, seven national workshops, six industry presentations, 123 survey results, three feedback workshops, a six-week national online consultation and with input from almost 80 organisations and over 200 professionals working with Australia s infrastructure sector, the are pleased to present the Top Five Research Priorities for Australia s Infrastructure Sector. This session will explore key research findings from the report pertaining to public private partnerships in infrastructure and will discuss the need for a growing shared, industry-wide evidence base to address the major challenges and opportunities faced by the sector. 11:00 Networking and refreshment break LATEST INNOVATIONS IN PUBLIC PRIVATE PARTNERSHIPS 11:30 Re-imagining PPPs in the age of information Public Private Partnerships in Technology Infrastructure Innovation This session will explore the emerging digital government marketplace model of technology infrastructure development and how it has created a new model of public private partnerships around essential public infrastructure development. The session will explore the important role of innovation in public and private sector collaboration around better public technology infrastructure development and the benefits and opportunities for the public and private sector and better government service delivery. Dr Vladas Leonas, Director, Technology and Architecture, Department of Finance, Services and Innovation, NSW 12:00 Public and private sector collaboration around automated and low emission vehicle infrastructure futures Assessing infrastructure requirements to pave the way for automated and zero emissions vehicles around Australia Public and private sector collaborations to date on infrastructure planning Future scenarios for future vehicle infrastructure development partnerships between the public and private sectors Ian Christensen, Managing Director, imove CRC 12:30 Lunch and networking break ACHIEVING VALUE FOR MONEY THROUGH PUBLIC PRIVATE PARTNERSHIPS 13:30 It s all about value - Applying appropriate due diligence in choosing an infrastructure procurement method through rigorous cost benefit analysis Procurement Options Analysis - assessing other financing options as alternatives to PPPs - Making a choice between public and private provision of infrastructure through rigorous value for money assessment as part of the infrastructure procurement strategy Achieving value for money through assessing the service outcomes to be delivered by the private sector and the degree of risk transfer and financial implications for government Treating value for money as the driver for adopting the PPP approach, rather than capital scarcity or the balance sheet treatment through appropriate due diligence in project evaluation Exploring positive impacts of PPPs on the rigour of infrastructure procurement Taking an integrated approach to strategic infrastructure planning and robust frameworks for infrastructure investment decision making Liesel Henn, Manager Policy and Projects, Civil Contractors Federation NSW REGISTER NOW

5 Tuesday 20 November 2018 DAY 2 14:00 Exploring the relationship between public private partnerships, pricing regulation and critical infrastructure security IPART plays an important role in NSW infrastructure regulation and policy setting. As a pricing regulator they are responsible for setting maximum prices for energy, water and transport services, and they also operate as an economic advisor and policy think tank for the Government around infrastructure development. This session will explore the essential role of pricing regulation towards optimising market competition and value for money in public private partnerships in the long-term interest of the community, economy and environment and their critical infrastructure security. Hugo Harmstorf, Chief Executive Officer, Independent Pricing and Regulatory Tribunal, NSW 14:30 Networking and refreshment break 15:00 Taming the beast of revenue oriented public private partnerships reliably estimating and guaranteeing a rate of return and ensuring value for public money Revenue oriented public private partnerships worldwide have been riddled with challenges. Overestimation of traffic and patronagebased demand forecasting, political and community sensitivities, and bad blood from projects gone wrong make this PPP model a challenging undertaking. This session will examine topics such as: Exploring why these arrangements have and haven t worked in the past Impacts of the advent of partial government guarantees or risk holdings on variable demand elements of financial return Planning for stable long run CPI linked income what does this mean for a diverse range of investors? Balancing lucrative rates of return with ensuring value for public money in infrastructure investment Case examples of successful revenue-oriented partnerships and the secrets of their success 15:30 CLOSING ROUND TABLE DISCUSSION Building better infrastructure together a review of summit proceedings This interactive discussion with delegates, led by our event advisory panel and a select group of keynote presenters and event contributors will close the summit discussions and bring together a recommended action agenda to better public private partnerships. A summit communique will be generated from this discussion and distributed to participants after the event. Topics to be addressed will include: Key messages emerging from the past two days of discussions Implications for public and private sector stakeholders Pragmatic take home actions stemming from the summit Sammy Isreb, Divisional Director, Macquarie Capital Demi Chung, Senior Lecturer, University of New South Wales 16:10 CLOSING Closing remarks from the Chair 16:20 End of Conference SPONSORSHIP AND EXHIBITION OPPORTUNITIES VENUE DETAILS PARKROYAL Darling Harbour 150 Day St, Sydney NSW 2000 Phone: (02) , Excellent opportunities exist to showcase your organisation. For further information, please contact: Alex Cook, Sponsorship Manager Phone: (+61) alex.cook@informa.com.au Keep updated on exclusive speaker interviews and other specialist content pieces at Informa Insights

6 19 20 November 2018 PARKROYAL Darling Harbour Easy Ways to Register Web Telephone +61 (0) Quoting P18K36 Quoting P18K36 Stay Connected in ppp18 Pricing Details Register Early & Save Early Bird Rate Book & pay on or before 19 October 2018 Standard Rate Book & pay from 20 October 2018 Conference Package PRICE GST TOTAL SAVE PRICE GST TOTAL Two day conference $3,229 $ $3, $330 $3,599 $ $3, For full terms and conditions, please visit: POSTAGE If undeliverable return to: PO BOX Q1439, SYDNEY NSW 1230 PAID AUSTRALIA