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Agenda Overview

IJGlobal's European Transport Investment Summit: Monday, September 10, 2018

8:30AM Registration & morning refreshments
9:30AM The response of project finance lenders and sponsors to a market characterized by a slow greenfield pipeline and abundant disruptors
  • How are banks and sponsors compensating for a lack of primary deal flow in the transport space?
  • Is there a move to new European jurisdictions - which European markets are still active   
  • Looking to the secondary market to make up for greenfield inertia
  • Examining the entrance of institutional investors to the lending space as some mainstay players struggle
  • To what degree is the disruptive transport technology a concern when considering financing new assets?
Moderator: Victoria Westcott, Partner, Reed Smith LLP
Feride Gokalp, Deputy General Manager, TAV
Gideon Tilburgs, Managing Director, Primary Investment, John Laing
Willem Stitselaar, Managing Director, Macquarie Capital Ltd
Tylor Hartwell, Assistant General Manager, Structured Finance Department, Sumitomo Mitsui Banking Corporation Europe
Zoltan Pap, Managing Director, Intertoll
10:30AM Procuring projects in the current transport paradigm

Paul Williamson, from Highways England, will give an overview of the organisation, their background in PPPs and project finance, and a detailed overview of the two main projects in their pipeline:

  • A303 – Stonehenge
  • Lower Thames Crossing

Paul will outline procurement timelines, the opportunities for private investment, and how the new PF2 model differs from Highway England’s previous PFI methodology

 
Paul Williamson, Corporate Finance Director, Highways England
11:00AM Morning refreshments and networking break
11:45AM Securing investment and building a network of charging stations as EVs become the norm
Anja van Niersen, CEO, Allego BV
12:15PM Pedemontana-Veneta highway: Utilising one of Europe’s largest greenfield project bonds
The key players involved in the financing will outline the rationale for issuing bonds, how the two tranches were structured, and how easy it was to get investors comfortable with the project 
Moderator: Kamran Ahmad, Associate, White & Case LLP
Daniel Darley, Executive Director, Infrastructure Finance & Advisory, JPMorgan
Niccolo Ragnini, Ceo & Managing Director, Circuitus Capital LLP
Iain Barbour, Partner, Head Of Monitoring Advisory Services, Bishopsfield Capital
1:00PM Networking Lunch
2:15PM Spanish toll roads: Assessing the impact of bad procurement on risk for investors

A 15 minute presentation by EDHECinfra will outline how poor procurement practice led to the bankruptcy of nine toll road concessions. ​

This will be followed by a 15 minute discussion on plans for retendering, and investor sentiment towards involvement

 

Sarah Tame, Associate Director, EDHEC Infrastructure Institute
2:45PM The secondary market: A beacon of light in a slow primary landscape
  • Analysing the current pipeline of primary and secondary market deals from an infrastructure fund perspective
  • Key geographies
  • Key asset types
  • Examining the environment for leveraged debt to buy assets in the secondary market? What bank and capital market tools are on offer?
  • How has the perceived risk-return of transport been affected by disruptors in the space? Has any change had a knock-on on levels of secondary market investment?
  • When and how can funds invest in the new technologies entering transport?
  • Which current infrastructure asset types do fund managers anticipate suffering from new disruptors the most?

What bank and capital markets financing tools are on offer to investors?

 
Erik Naafs, Director, BBGI
Henrik Luerssen, Investment Director, DIF
Severin Hiller, Co-Head Infrastructure Debt, Rivage Investment
Ben Loomes, Head Of Infrastructure, InfraRed Capital Partners
3:30PM Truckplatooning as enabler – impact of digitalisation in mobility
4:00PM Afternoon refreshments and networking break
4:30PM Roundtable discussions

This session will give you the opportunity to continue the day’s conversation in a more interactive setting. A series of senior hosts will head up individual roundtable discussions, each with their own geographical focus, for you to dip in and out of as you see fit.

5:15PM Close of day & drinks reception sponsored by Reed Smith LLP

Introduction by  Victoria Westcott, Partner, Reed Smith

Victoria Westcott, Partner, Reed Smith LLP