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PPP in Spain
3 April - 4 April 2006
PPP in Spain

Interest in PPP projects in Spain is increasing significantly. With road and rail projects in operation and the recent tendering and bidding in healthcare PPP projects, the Spanish market is developing rapidly. Future schemes are being considered in these sectors, and also in other sectors, with PPPs planned for courts and prisons. Realising this, SAE Media Group are providing a platform for discussion, learning and networking, in which the key issues and opportunities relating to PPPs in Spain are addressed.

SAE Media Group’s third annual PPP in Spain conference will cover the latest deals and the upcoming new projects in Spain, including case studies from key public organisations and private companies. It will assess how the Spanish PPP market is progressing and will offer guidance on issues such as funding, risk, value for money and legal and contractual considerations. Bringing together a mix of high level public and private sector participants, and with over 16 the key industry professionals speakers, this forum will be an unparalleled source of information on PPPs in Spain.


Confirmed leading industry speakers include:

Joachim Schneider, TEN Policy & PPP, DG TREN, European Commission
Nieves Rodríguez Varela, Director General of Economic Analysis and Financing of Public Sector, Finance Ministry, Government of Madrid
Pilar de Torres, President and CEO, GISA (Gestión de Infraestructuras de Cataluña)
Dr Fernando Gutiérrez de Vera, Chairman, Seopan Concessions (Association of Spanish Contractors)
Andrew Vince, Deputy Head of Division, European Investment Bank
Rui Sousa Monteiro, Senior Economist, Parpública SA
José María Arana, Head of Project & Export Finance Spain and Portugal, Royal Bank of Scotland
José Puelles Gallo, Finance Director, Sacyr Vallehermoso
Andrés Navarro Estévez, Finance Director, Grupo Ploder
Francisco Fernández Lafuente, Development General Director, Dragados Concesiones de Infraestructuras
John Claverley, Business Development Director, Bovis Lend Lease
Jesús González, Head of Infrastructure Finance, BBVA

Conference agenda

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9:30

Registration & Coffee

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9:50

Chairman's Opening Remarks

Richard Payne

Richard Payne, Director, Currie & Brown

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10:00

PROGRESS IN PPPs

  • Overview of current situation
  • Schemes to date
  • Update on latest legislation
  • Lessons learnt from experience
  • Plans for the future
  • Fernando Gutiérrez de Vera

    Fernando Gutiérrez de Vera, Chairman, Seopan Concesiones (Association of Spanish Contractors)

    Fernando Gutiérrez de Vera

    Fernando Gutiérrez de Vera, Chairman, Seopan Concesiones (Association of Spanish Contractors)

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    10:30

    PERSPECTIVES IN PPPs IN THE REGION OF MADRID

    Nieves Rodríguez Varela

    Nieves Rodríguez Varela, Director General, Government of Madrid

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    11:00

    FINANCING INFRASTRUCTURES AND PUBLIC BUILDINGS IN CATALONIA

    Pilar de Torres

    Pilar de Torres, President and CEO, GISA

  • The L9: a new underground line in Barcelona, 43 km and 3.500 millions euros
  • Shadow tolls and explicit tolls
  • Financing public buildings: prisons, courts, schools, police stations…
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    11:30

    Morning Coffee

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    12:00

    DEVELOPING THE EUROPEAN TRANSPORT INFRASTUCTURE MARKET

    Joachim Schneider

    Joachim Schneider, TEN Policy & PPP, European Commission

  • Overview of key developments of the Trans-European transport Network (TEN-T), cost development and timelines
  • Financing the TEN-T: the national and European budgets, the need and the opportunities for private finance in PPPst
  • Re-focusing and using cost / benefit analysis for the TEN-T projects to promote and fund cross-border co-operation
  • Overcoming cross-border legal and political constraints
  • Existing and proposed TEN budget instruments to attract private investors
  • The future for PPPs in the transport infrastructure markets of the EU
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    12:30

    ROAD FINANCING IN SPAIN: THE FINANCIER'S VIEW

    José María Arana

    José María Arana, Head of Project & Export Finance Spain and Portugal, Royal Bank of Scotland

  • Financing trade offs: commercial banks, capital markets and multilateral financing
  • What’s next in Spain?
  • Spanish motorway financing: recent practical examples
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    13:00

    NEW TRENDS FOR TOLL ROADS

  • The need to homogenise the user perception
  • The tendency of shifting from long distance
  • Corridor to congested areas
  • The network effect
  • Some case studies
  • Specialist sector knowledge easing the banking process
  • Francisco Fernández Lafuente

    Francisco Fernández Lafuente, Development General Director, Dragados Concesiones

    Julià  Monsó

    Julià Monsó, , Dragados Concesiones

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    13:30

    Networking Lunch

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    15:00

    CASE STUDY: THE MADRID CALLE 30 PROJECT

    Santiago Klein

    Santiago Klein, Director, Currie & Brown

  • Overall structure
  • The payment mechanism
  • The deduction criteria
  • Risk allocation
  • Conclusions
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    15:30

    TREATMENT IN NATIONAL ACCOUNTS OF PPPs IN TRANSPORT INFRASTRUCTURES

    Guillermo Massó

    Guillermo Massó, Partner, PricewaterhouseCoopers Corporate Finance

  • Eurostat rules for accounting treatment of PPPs in National accounts
  • Application on shadow toll projects and availability payments schemes
  • Evidence on application in some case studies
  • Critical aspects in tendering and contracting in the context of the Spanish legal framework
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    16:00

    Chairman’s Closing Remarks followed by Afternoon Tea

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    9:30

    Registration & Coffee

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    9:50

    Chairman's Opening Remarks

    Andrés Rebollo  Fuente

    Andrés Rebollo Fuente, Partner, Asesores de Infraestructuras

    Juan Díaz Hidalgo

    Juan Díaz Hidalgo, Legal Counsel, Asesores de Infraestructuras

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    10:00

    EIB AND THE ROLE OF INFRASTRUCTURE FUNDS IN THE DEVELOPMENT OF THE EUROPEAN PPP MARKETS

    Andrew Vince

    Andrew Vince, Deputy Head Of Division, European Investment Bank

  • Development of European PPP market
  • Congruence of interest between financial investors and public sector grantors
  • Infrastructure funds – experience to date
  • Infrastructure funds in an expanding PPP market
  • EIB as an investor in infrastructure funds
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    10:30

    MODELLING AND PROCURING PPPs IN PORTUGAL AND SPAIN

    Rui Sousa Monteiro

    Rui Sousa Monteiro, Senior Economist, Parpública SA

  • The diversity of contractual models for public-private partnerships
  • Contract design and lessons from experience: risk-sharing, incentive mechanisms, and efficiency
  • Project and programme development: project team, business case, deal flow and capacity building
  • Main differences in PPP procurement between Portugal and Spain; impact on bidding costs, competition and innovation
  • Public tenders: call for tender, schedule, selection criteria, short-listing and negotiation, financing requirements
  • Recent and planned developments in Portugal: procurement in transport, health and other sectors
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    11:00

    INTERNATIONAL FINANCING AND REFINANCING

    José  Puelles

    José Puelles, Finance Director, Sacyr Vallehermoso

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    11:30

    Morning Coffee

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    12:00

    FINANCING PPPs IN SPAIN

    Jesus Gonzalez

    Jesus Gonzalez, Head of Infrastructure Finance, BBVA

  • An approach to the Spanish market
  • Typical financing structure
  • The main differences with the UK model
  • Why the Spanish market is more aggressive
  • Risk matrix
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    12:30

    LEGAL ISSUES FOR PPP IN SPAIN

  • Summary of legal context
  • Recent developments affecting PPP contracts
  • Attitude of senior leaders and sponsors
  • Future legal issues to watch
  • Luis Felipe Castresana

    Luis Felipe Castresana, Managing Partner, Simmons & Simmons

    Fleur  Laventure

    Fleur Laventure, , Simmons & Simmons

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    13:00

    CASE STUDY – PUERTA DE HIERRO HOSPITAL, MADRID

    John Claverley

    John Claverley, Business Development Director, Bovis Lend Lease

  • Madrid’s first and largest PFI hospital due for completion in 2007
  • How the Bovis Lend Lease/ ACS Dragados/ SUFI team won and are developing the project
  • Progress and site operations
  • Financial close and other details
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    13:30

    Networking Lunch

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    15:00

    ROLE OF THE EQUITY IN AN INFRASTRUCTURE CONCESSION

    Andrés Navarro Estévez

    Andrés Navarro Estévez, Finance Director, Grupo Ploder

  • The role of a construction company
  • The role of a bank
  • The role of specialised infrastructure funds
  • The role of other kind of investors
  • The role of Government and Local Authorities
  • The RPA as an alternative instrument to the step-in rights
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    15:30

    INVESTING IN PUBLIC PRIVATE INFRASTRUCTURE COMPANIES AND PROJECTS

    Luis Abraira

    Luis Abraira, C. E. O., Santander Private Equity

  • Issues affecting the Spanish Case
  • Vehicles for PFI in Spain
  • The Investor point of view
  • Recent transactions
  • Santander Infraestructuras
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    16:00

    Chairman’s Closing Remarks followed by Afternoon Tea

    Meliá Madrid Princesa

    Princesa, 27
    Madrid 28008
    Spain

    Meliá Madrid Princesa

    HOTEL BOOKING FORM

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    WHAT IS CPD?

    CPD stands for Continuing Professional Development’. It is essentially a philosophy, which maintains that in order to be effective, learning should be organised and structured. The most common definition is:

    ‘A commitment to structured skills and knowledge enhancement for Personal or Professional competence’

    CPD is a common requirement of individual membership with professional bodies and Institutes. Increasingly, employers also expect their staff to undertake regular CPD activities.

    Undertaken over a period of time, CPD ensures that educational qualifications do not become obsolete, and allows for best practice and professional standards to be upheld.

    CPD can be undertaken through a variety of learning activities including instructor led training courses, seminars and conferences, e:learning modules or structured reading.

    CPD AND PROFESSIONAL INSTITUTES

    There are approximately 470 institutes in the UK across all industry sectors, with a collective membership of circa 4 million professionals, and they all expect their members to undertake CPD.

    For some institutes undertaking CPD is mandatory e.g. accountancy and law, and linked to a licence to practice, for others it’s obligatory. By ensuring that their members undertake CPD, the professional bodies seek to ensure that professional standards, legislative awareness and ethical practices are maintained.

    CPD Schemes often run over the period of a year and the institutes generally provide online tools for their members to record and reflect on their CPD activities.

    TYPICAL CPD SCHEMES AND RECORDING OF CPD (CPD points and hours)

    Professional bodies and Institutes CPD schemes are either structured as ‘Input’ or ‘Output’ based.

    ‘Input’ based schemes list a precise number of CPD hours that individuals must achieve within a given time period. These schemes can also use different ‘currencies’ such as points, merits, units or credits, where an individual must accumulate the number required. These currencies are usually based on time i.e. 1 CPD point = 1 hour of learning.

    ‘Output’ based schemes are learner centred. They require individuals to set learning goals that align to professional competencies, or personal development objectives. These schemes also list different ways to achieve the learning goals e.g. training courses, seminars or e:learning, which enables an individual to complete their CPD through their preferred mode of learning.

    The majority of Input and Output based schemes actively encourage individuals to seek appropriate CPD activities independently.

    As a formal provider of CPD certified activities, SAE Media Group can provide an indication of the learning benefit gained and the typical completion. However, it is ultimately the responsibility of the delegate to evaluate their learning, and record it correctly in line with their professional body’s or employers requirements.

    GLOBAL CPD

    Increasingly, international and emerging markets are ‘professionalising’ their workforces and looking to the UK to benchmark educational standards. The undertaking of CPD is now increasingly expected of any individual employed within today’s global marketplace.

    CPD Certificates

    We can provide a certificate for all our accredited events. To request a CPD certificate for a conference , workshop, master classes you have attended please email events@saemediagroup.com

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