Agenda08.00 - 09.00EDT
Registration & networking breakfast sponsored by Assured Guaranty09.20 - 10.05EDT
The US P3 market hit a record in 2022 with more than USD 40bn in projects reaching financial close, according to Infralogic data, thanks to two major airport P3s at New York’s John F. Kennedy International Airport: the New Terminal One initiative and the redevelopment of Terminal 6 and 7. Beyond the headline figure, though, number of P3 transactions declined compared to the prior two years amid rising interest rates, stubbornly high inflation and still snarled supply chains.
Industry participants are bullish on increased activity in 2023 as newly elected state and local governments search for innovative solutions to tackle traffic congestion, climate change and broadband access.
The opening panel will discuss these issues and set the scene for the next two days.
10.05 - 10.50EDT
- What are the high and lows of the last 12 months and what has the industry learned?
- How have the November mid-terms affected the political climate for P3s?
- Where are the opportunities for P3s in the next political cycle and how are private developers prioritizing those?
- How are the current wider economic conditions affecting state municipal budgets and is it having any material impact of P3 deal flow?
Several states are looking to expand the use of P3s through proposed and passed legislation. Even as more governments move to enable P3s, there are many caveats that developers and investors need to consider in prioritizing market opportunities. In this session hear from state and local government leaders about their P3 projects, and critically appraise the next wave of opportunities.
10.50 - 11.20EDT
- What projects work best for the P3 structure?
- Do states need to consider more availability-payment considering the current political environment that is sceptical about tolling?
- How can P3 developers work better with government?
- Which state(s) might emerge as a P3 market leader?
Morning networking break11.20 - 12.05EDT
Managed lanes promise to cut traffic congestion and generate revenue to fund transportation projects. But projects can carry significant risk from political opposition in the planning stages to the chance tolls will generate less than forecast revenue.
Panellists with experience in structuring deals will discuss issues such as long-term viability; lessons learned and give their projections for ongoing viability of these models.
12.05 - 12.50EDT
- How have structures improved over the last five years?
- What are today’s challenges in getting a managed lane project up and running?
- What are the key elements of the demand risk vs. availability debate and are there hybrid solutions?
- What types of performance (traffic easing, sustainability, etc) do projects aim for and how is this evaluated?
- How do constituencies view tolling and tolling increases and has education around them improved?
Air traffic is poised to reach or even beat pre-pandemic levels this year. To meet this demand, airports are looking to build new passenger and cargo terminals to replace aging facilities with considerable interest from developers and investors. The size and scope of deals, their success and the expertise mustered by concessionaires, mean a shortlist of players are ready to step up to the plate at a moment’s notice. With more than 15 non-awarded airport P3s in the market, investors are looking at their next opportunities.
Hear panellists debate the next generation of airports deal structures and how the P3 industry can capitalize on these opportunities.
12.50 - 13.10EDT13.10 - 14.30EDT
- How does the JFK deal differ from other airport deals and how might JFK be a key to unlocking future projects?
- Will other large international airports in the US employ P3s to redevelop facilities?
- Are P3s a good fit for mid-size airports that want to improve their facilities?
AIAI P3 workshop - by invitation only13.10 - 14.30EDT
Networking lunch and AIAI contractor roundtable* by invitation only14.30 - 15.15EDT
Taxpayer funds via the 2021 Infrastructure Investment and Jobs Act are beginning to flow into broadband projects, particularly USD 1bn in grants for middle mile initiatives. Many developers and investors are pivoting from a completely privately financed model to partnerships with governments, resulting in an increasing appetite for investors in the past three years – especially in the M&A market. In this session panellist will discuss:
15.15 - 15.45EDT
- Enhancing broadband to rural communities – how can P3s help?
- Is the project finance P3 model a fit for broadband projects?
- Will the European import of open-access networks become more common?
- What are investors’ appetite for cableco/teleco fiber JVs?
- Are higher costs, labor constraints and supply chain issues still hampering projects?
More counties, cities and schools are embracing P3s and the world of alternative procurement models. This panel will discuss the rising wave in new P3 adopters, discuss the current need for alternative development solutions and what agencies need to be successful.
Join this expert panel from both sides of the partnership to find out the answers to these and other questions.
15.45 - 16.15EDT
- Why are agencies exploring the P3 model for these projects?
- What are the potential risks and challenges they face?
- What can industry do to support these new entrants into the alternative delivery arena?
- How has the potential to access IIJA funds impacted decisions?
Afternoon networking break16.15 - 17.00EDT
Constituents buy in is crucial for the success of P3s. Potential projects often face public backlash, often due to a misunderstanding of the terms of P3s. In this session, hear from both the public and private sector, about the best strategies to educate communities on the merits of using P3s to buildcritical infrastructure.
17.00 - 18.00EDT
- What is the best time for governments to start educating the public?
- How can procurement agencies find the right advisors?
- What can state legislators, government departments and agencies do to speed up the procurement of P3 projects?
- What political and geographical issues must be considered? How much does public sentiment play into these considerations?
- What steps should a government agency take to determine the right level of public funding for a project?
Close of day one and networking cocktail reception sponsored by John Laing18.00 - 19.00EDT
YPI (Young Professionals in Infrastructure) Networking Reception
Join YPI after our forum cocktail for a fun night of networking. This happy hour will take from 6pm at Carragher's Bar, 17 John St, New York, NY 10038, United States. To RSVP please click here.
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