Eastern Standard Time

  • 12:00

    Registration

  • 12:30

    Networking

  • 13:30

    Inframation News Welcome

  • 13:40

    Five Charts on the US P3 Market

  • 13:50

    NORTH AMERICAN P3 MARKET OUTLOOK

    • 13:50

      Opening Keynote Presentation

    • 14:05

      Opening Panel: North American P3 Market Outlook

      The main artery for infrastructure was effectively clogged in early March when most of the country was shut down due to COVID-19 causing a strain on demand-risk projects such as toll roads, airports and ports.

      Longer term concerns arose about the health of states and cities in general have also risen as fears of recession could cut into their tax revenue base. This came at a time when Maryland and Georgia were in the early innings of two major road projects, but also with the US P3 industry starting to gain some much-needed positive momentum overall due to developments in the university space.

      In this scene setting panel discussion, panellists will discuss:
      •COVID-19 exposed major problems in the US healthcare system, will this crisis create the need for more healthcare infrastructure and which subsectors could benefit from P3s?
      •What’s your assessment on the federal stimulus package and its impact on infrastructure funding?
      •Demand-risk projects harbor major defensive long-term characteristics, but has COVID-19 affected medium-term view when it comes to future toll road/managed lane projects?
      •How will the looming presidential elections effect future infrastructure policy?
      •What are expectations for the P3 market in the US and will it be more reliant on privatized deals (as seen in certain municipal broadband deals) as opposed to true P3s?

    • 15:05

      Networking

  • 15:35

    PROJECT PIPELINES & FUTURE OPPORTUNITIES 1

    • 15:35

      LA LRT expansion

    • 16:10

      Miami SMART Program

    • 16:45

      Networking

  • 08:55

    Inframation Welcome

  • 09:05

    Panel Discussion: Universities Feeling the Energy

    University of Iowa essentially replicated the OSU deal from 2016 when it selected Engie and Meridiam on its USD 1.165bn energy project in December 2019. Both projects--anchored by an upfront payment to those respective schools and 50-year concessions—are the tip of the iceberg as state universities such as Alabama are exploring similar projects. With officials of more than 50 colleges and universities attending a 2019 forum, this is likely to be a growing asset class.

  • 09:50

    PROJECT PIPELINES & FUTURE OPPORTUNITIES 2

    • 09:50

      GDOT - Major Mobility Investment Program

    • 10:25

      Networking

  • 10:55

    TRANSPORTATION P3S

    • 10:55

      Challenge in P3s for Roads, Tunnels, & Bridges

      There continues to be a pressing need to upgrade transportation in improving the efficiency or highways through managed lanes and replacing aging bridges and tunnels. And financing is also readily available flanked by TIFIA bonds and a still-fertile municipal bond market.
      Yet the US remains a mixed bag as the Maryland managed lanes project went through multiple iterations before getting a reduced version of the project approved in early January. Meantime, the 1-10 Mobile River Bridge and Bayway Widening project in Alabama got rejected, while a December 2019 decision by the Louisiana legislature allowed the state to move forward on a project with Plenary to replace Belle Chasse Bridge and Tunnel.

      Panelists will address
      •What are today’s challenges in getting a managed lane projects up and running ?
      •How do constituencies view tolling and tolling increases today and has education improved?
      •What are the next steps for the Gateway Tunnel?
      •How could the RAPID Act (Revitalizing American Priorities for Infrastructure Development Act) affect all of this?

    • 11:40

      Panel Discussion: The Push for Broadband

      Between the FCC and initiatives being introduced in Congress, one of the major focal points of this latest infrastructure push revolves around rural broadband. The reimagining of the workforce with COVID-19 forcing a work from home scenario has been a catalyst. However, even before, then highway systems were looking at alternative procurement to expand cashless toll systems and improve connectivity in certain places like tolling systems. 

      Panelists will discuss today:
      •Is there still a market to be made for the DBFOM for rural broadband projects?
      •Will there be enough federal subsidies where private investment is not needed
      •Where do the major carriers like Verizon and T-Mobile fare in these situations

    • 12:25

      Networking

    • 13:45

      Panel Discussion: Social Infrastructure Becoming a P3 Mainstay

      Social infrastructure has begun to become a mainstay in P3 procurements as cities have become comfortable procuring public schools, courthouses, government buildings, prisons and recreational fields. Universities have also expanded their P3 program to not only include housing & energy projects, but also academic buildings and research facilities as well. 

      Panelists today will discuss the following topics:
      •Why is it easier to advance a good portion of these projects as opposed to larger mass transit projects?
      •There is a wider range of alternative procurements also being offered in these processes such as Miami-Dade Courthouse (DBFOM) and Travis County Courthouse (DBF). What models optimally work?
      •How do politics play a role in these prison projects and is financing an issue; particularly as certain banks have withdrawn their support for certain projects
      •How are universities now using P3s to modernize their campuses in general and where is the funding generally coming from?
      •From private sector perspective, how are these university projects attractive
      •Why did the LA Civic Center project get cancelled and where were lessons learned?

  • 14:30

    PROJECT PIPELINES & FUTURE OPPORTUNITIES 3

    • 14:30

      Project Pipeline

    • 15:00

      Networking

    • 15:30

      Panel Discussion: The Impact of The Climate Change on Infrastructure

      Climate change is a serious threat to the existing infrastructure assets. Extreme weather events can cause lots of damages and put existing and future infrastructure projects at risk.  The current and future infrastructure assets must be resilient to the growing challenges of climate change such as heat waves, floods, storms and recent episode of bushfires.

      Panellists will discuss:
      •How to mitigate the risks of physical risks caused by the climate change to the existing infrastructure assets
      •How investors can incorporate climate change impact into their business decision-making process and how to mitigate the risks
      •Best practices to improve future climate resilience to reduce exposure to extreme weather events

    • 16:15

      Panel Discussion: The Alternative Financing Solutions

      Skanska US and other contractors have slowly withdrawn from p3s in recent years as its continued to sustain losses from fixed price contracts associated with traditional DBFOM contracts. In the past years or so. Separately, agencies in Canada and the us have also been forced to look at p3 alternatives, such as DB, or outright cancelled contracts such as decision by the province of Ontario to cancel its Hamilton LRT project.  

      Delegates will listen to panelists debate how owners and contractors can adjust the terms of fixed price contracting to get the p3 industry back on track.  
      •What types of risks should owners retain?  
      •How can developers better account for mega projects’ construction and design risks?  
      •How can a developer’s board of directors' help assess a complex project’s risk?  
      •What macro-economic and marketplace factors will continue to compound risk? Which ones will fade in time?  
      •What can the insurance, tech and project management staff industries do to catchup in mitigating risk?

  • 17:00

    Networking