2019 Event Agenda

  • Welcome Drinks Reception Sponsored by InfraRed

  • 08:00

    Delegate Registration & Networking Breakfast

  • 09:00

    Inframation News Welcome

  • 09:10

    Opening Keynote Address: Sustainability and Infrastructure Investment Strategy

    TBC

  • 09:30

    Panel Discussion: Analysing the Current State of the European Infrastructure Market

    Senior executives will share their views on how the European market is progressing, what has changed in 2019 and how political changes across Europe has affected infrastructure projects and pipelines. 

    • How are players adapting strategies for the changes in the infrastructure market in Europe? 
    • What is the market appetite for investment and what factors are driving the infrastructure market in Europe? 
    • How investors can move from more traditional way of financing to more sophisticated and creative on financing?
    • What is the outlook for the infrastructure market and where are the key opportunities for investors and developers? 
    • What lessons can be learnt from recent deals?
    Pablo  Taberna
    Pablo Taberna
    Global Head of Infrastructure Project Finance and Real Estate, BBVA
  • 10:15

    Keynote Presentation: TBC

  • 10:45

    Panel Discussion: Roads and Bridges - Reinventing Traffic Management

    Roads may be one of the most traditional forms of infrastructure, but they are also one of the areas of the asset class where the most innovative and daring financing and procurement infrastructures are to be found.Small wonder given the scale of the challenge which the McKinsey Global Institute in 2016 estimated required USD 900bn annual investment globally in roads to keep pace with projected GDP growth against the USD 180bn that was being put in at the time.

    In Europe this year, efforts to meet this challenge have been made in different ways with big new road PPP programmes in Belarus, Germany, Greece, Norway, Poland and Romania  while in Belgium the expansion of the originally EUR 200m R4 highway into the country’s second largest transport PPP incorporating rail, bus lanes, greenery and noise barriers is an example of how road projects are ever more connected with other projects and are having to be adapted to accommodate the changing ways we use transport.  European road procurers and investors may soon also be looking to the other side of the Atlantic for new ideas on how to manage high volume traffic through structures such as North Carolina’s I-77 HOT Lanes P3.     

    Listen to a panel of road investors and procurers set out where they see the challenges and opportunities in the road sector over the next few years and how they will meet and exploit them:

    • How are technological innovation and budgetary constraints affecting the roads PPP pipeline in Europe’s more traditional markets? 
    • What has changed to allow the procurement of projects in newer markets such as Central & Eastern Europe to be more bankable?
    • Can the managed lanes concept be successfully translated to the European market?
    Wouter  Casteels
    Wouter Casteels
    General Manager, De Werkvennootschap
  • 11:30

    Morning Refreshments and Networking Break

  • 12:00

    Case Study: TBC

  • 12:20

    Panel Discussion: Infrastructure Project Procurement - From Pitch to Approval

    The relationship between public infrastructure procurers and private investors has not been a happy one of late. This year has seen several high-profile cancellations and court cases around processes such as Germany’s road procurement programme, Belgium’s stop start Sparticus tram PPP, a redevelopment of Social Square in the western city of Wroclaw and road procurements in Italy and, perhaps most notoriously,  Spain’s tolled motorways.  In the UK, the government’s reluctance to continue using PFI/PPP has effectively halted that pipeline, though a handful of significant projects like the Silvertown Tunnel project, have proceeded.

    The damage this political and competence shift has done to PPP procurement is particularly disappointing because the European market remains active with several interesting greenfield programmes investors should take seriously. Against the new background of instability procurers must find a way to fairly assess both whether a project is suitable for a PPP and how to run that whole process in a fair and transparent manner which encourages developers and investors to back these deals.

    Listen to a panel of project procurers and advisors discuss their forthcoming PPP pipelines and how they are learning from experience to provide attractive opportunities:

    • What infrastructure programmes are procurement bodies planning over the next year and how will these be funded?
    • How should projects be assessed to decide whether they should be procured as a PPP or through other methods?
    • Based on recent experiences what should be the best practices for tendering and structuring successful PPP deals?   
    • How can processes be improved to settle project partner disputes satisfactorily?
  • 13:05

    Networking Lunch Sponsored By Iridium

  • 14:05

    Panel Discussion: Social Infrastructure - Making Good On Infra Investment

    With the population of EU countries increasing panellists will discuss if there is more scope to increase social infrastructure projects and explore where the gap is in infrastructure investment. 

    • How can investment be boosted in social infrastructure projects? What are the opportunities? 
    • What are the challenges and constraints for the public sector procuring these types of deals?
    • How are social infrastructure deals being structured and what are is investor appetite for these?
    Gabriele  Pasquini
    Gabriele Pasquini
    Director, Head of PPPs, Presidency of the Council of Ministers - Italy
    John  Hanley
    John Hanley
    Senior Director, NORD/LB
    Fabio  D’Alonzo
    Fabio D’Alonzo
    Managing Director, Equitix
  • 14:50

    Panel Discussion: Water Infrastructure - Meeting a New and Pressing Challenge

    Traditionally blessed with plentiful rainfall, natural reserves and extensive infrastructure, the continent is facing up to severe droughts and a population explosion which has put pressure on a system which in some areas has not been renewed for many decades. A 2016 report from water infrastructure advisory firm Bluefield Research has estimated that European utilities are planning USD 526bn in water and wastewater infrastructure between 2016 and 2025 with annual water investment to increase 23% from USD 46bn in 2015 to USD 57bn by 2025.

    The water challenge in Europe is being tackled on a number of fronts. Several years ago, the EIB packaged the notes of several smaller Italian water companies' notes into a single “hydrobond” to help them raise institutional backing for investment in long term water infrastructure. At the other end UK regulator Ofwat’s more recently launched Direct Procurement for Customers (DPC) requires the country’s bigger water players to outsource some of their large projects, offering another opportunity to investors.

    Listen to a panel of water investors, advisors and stake holders discuss the challenge of financing the water projects Europe needs and how that is affecting the shape of the industry:

    • To what extent are EU and European government initiatives schemes such as the hydrobond and DPC attracting investment in water infrastructure?
    • Why are infrastructure funds backing smaller companies in the sector against the more dominant players?
    • Does the urgent need for investment sufficiently eclipse the political sensitivity around such a vital part of the asset class?
    Louis-Roche  Burgard
    Louis-Roche Burgard
    Executive Chairman, Saur
  • 15:35

    Afternoon Refreshments and Networking Break

  • 16:00

    Panel Discussion: Developers Reborn - Finding Value In an Inflated Market

    Construction companies and developers were among those at the beginning of the journey of private investment in infrastructure and for a long time have been the anchor sponsor of any PPP consortia worth its sort. But as infrastructure and private equity funds have become more willing to accept a bigger chunk of construction risk, as they seek to redeploy the vast amounts of capital chasing infrastructure investment, developers have found it increasingly difficult to make the numbers on ever larger equity cheques work within their business models. At the same time procurers have added to the pressure with much smaller project pipelines, increasing regulation and a tendency to offload more risk to the private sector consortia. In some high-profile cases, participants such as Astaldi, Ballast Nedam and Carillion, for different reasons, got into difficulties around such deals while others like Swedish developer Skanska, have withdrawn from the PPP market altogether.

    Yet developers are obviously still a crucial part of the drive to plug the infrastructure gap both in Europe and beyond. While some have retreated to Design-Build deals, others are consolidating or looking beyond their traditional PPP project strategies to consider how such long-term commitments can provide synergies and more indirect benefits through efficiencies across the group.

    Listen to a group of developers discuss their strategies for the coming year and how they are adapting their approach for the new market reality. 

    • Do PPPs and concessions in Europe still offer viable opportunities for developers?
    • What other ways are there to extract yield from these projects and from the role of sponsor?
    • What is the focus for the coming year in the infrastructure asset class?
  • 16:45

    Debate: Latin America Cross-Border Outlook

    Where is the big opportunity for foreign investment? Who is leading in the region in procuring projects? What is the investor’s appetite? A look at development across the region.

  • 17:10

    Close of Day One & Cocktail Reception Sponsored By Intralinks

  • 08:00

    Delegate Registration & Networking Breakfast

  • 09:00

    Inframation News Welcome

  • 09:05

    Opening Keynote Address – Innovative Finance

    • Designing bankable and investable projects
    • How the SDGs enhance Innovative Finance;
    • Why people-first PPPs can be perceived as new paradigm in infrastructure development and asset management
  • 09:25

    Panel Discussion: New European Frontiers for Greenfield Opportunities

    Weaker project pipelines in the western part of the continent have been a long-standing frustration in recent years for investors in Europe’s infrastructure. But new programmes in the east particularly in Poland, the Czech Republic and Romania, are set to follow the relaunch of the EUR 1bn Ploiesti-Brasov highway with a new Danube bridge PPP, attracting a great deal of interest. Even the former Soviet republic of Belarus, has got in on the act with the launch of its first PPP. 

    Not all these markets, however, have had robust enough budgetary, political or bureaucratic circumstances to go the distance that many new wave of projects might follow. The prevalence of the word “relaunch” in connection with projects like Ploiesti-Brasov and in Bulgaria, the Sofia Airport concession to build new terminal(s) often points to what some see as cash-strapped sovereigns or relatively inexperienced procurers biting off more than they can chew. 

    Hear a panel of investors, advisors and greenfield procurers discuss the robustness of the Eastern European region’s infrastructure procurement plans and their provision of private investment. 

    • Which of Eastern Europe’s PPP and concession programmes show the most promise for the coming year?
    • What steps can be taken to bolster the efforts of smaller economies to build stronger and more bankable pipelines?
    • How has the political background to private investment in the region’s infrastructure procurement changed and where has this been most positive for those looking to invest in the region?
    Jan  Brazda
    Jan Brazda
    Partner, PwC
    Ion  Ghizdeanu
    Ion Ghizdeanu
    President, National Commission for Strategy and Prognosis (Romania)
  • 10:10

    Panel Discussion: Towers and Fibre - Going the Last Mile to Full Connectivity

    At the end of 2018 the European Court of Auditors found that the European Commission and EU member states were unlikely to hit the Commission’s 2020 targets for broadband connectivity. In particular the report singled out rural areas “where there is less incentive for the private sector to invest in broadband provision” had fallen significantly behind progress in the cities and the take up of ultra-fast broadband in these regions was behind target.

    But the activity in the space suggests infrastructure investors may already be stepping up to the challenge. For much of this year Europe’s broadband and fibre firms have commanded multiples in excess of ten times, with the likes of MIRA, Basalt Infrastructure and EQT Infrastructure buying up key telecom's assets in the UK and Norway while KKR Infrastructure look to expand German fibre developer Deutsche Glasfaser. Meanwhile the F2i and Marguerite backed Irideos has bought more than six companies providing information and communication services to SMEs, including fibre networks and data centres.  With Orange looking at options of its 8,000 telecommunications towers and fibre broadband networks the opportunity gap left by Brookfield and PSP Investments decision to shelve he sale of TDF Group’s French telecoms and broadcast business, would seem to have been filled. 

    • How far will multiples for fibre and data centre asset and operators go?
    • Can investors find viable opportunities in last mile and rural broadband?
    • Are current public sector incentives enough?
    Dominik  Thumfart
    Dominik Thumfart
    Managing Director, Deutsche Bank
    Dominique  Astier
    Dominique Astier
    Deputy Chief Executive Officer, Axione
  • 10:55

    Morning Refreshments and Networking Break

  • 11:25

    Debate: Renewables Deals Across Europe

    Referencing Inframation Deals data, our Head of Research reveals some of the key trends to watch in the market.

  • 11:45

    Panel Discussion: Electric Vehicle Infrastructure - Charging Opportunities

    Electric vehicles (EV) are now very much a part of any informed prediction of the future of transportation. But despite corresponding investor eagerness to get a piece of this future through investment in the charging infrastructure, not all investors are finding it easy to plug themselves in.

    Rating agencies like S&P have already questioned profitability of the business model of charging stations, an asset class with no track record, while supply patterns for EV usages are often unpredictable. Some have even argued that only utilities and car manufactures have the wherewithal to make the sort of long-term investment needed to build enough charging points to get EVs on the road. At the same, oil majors such as BP, Shell and Total had used their deep pockets to compete for positions in the sector to hedge against the demise of fossil fuels.

    In this closing session a panel of EV infrastructure investors, developers and procurers will discuss how the new infrastructure will develop and the ways in which it can offer new investment opportunities:

    • What are the business models that EV charging infrastructure is likely to most consistently adopt across the continent and elsewhere?
    • To what extent are the risks inherent in developing these projects something which can be absorbed into a typical infrastructure investment strategy to win corresponding returns?
    • How free will investors be to trade these assets in the subsequent secondary market and what multiples could be expected?
    Samuel  Kenny
    Samuel Kenny
    Sustainable Investment Manager, Transport & Environment
    Martin  Cook
    Martin Cook
    Head of EV Development, National Grid
  • 12:30

    Networking Lunch and Close of Day Two Sponsored by Iridium