Infralogic US P3 Forum 2023
Getting creative: how P3s can be part of the solution to deliver America’s essential infrastructure
Conrad New York Downtown, 102 North End Avenue, New York, NY 10282
13
Jun
Opening panel discussion: What’s next for the US P3 market?
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.
- 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?
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SpeakersAnthony Phillips Senior Managing Director John Laing
John Pickhaver Head of Infrastructure and Energy Capital Macquarie Capital
Derek Utter Chief Development Officer Port Authority of New York and New Jersey
Nicolas Rubio Chief Executive Officer, North America Meridiam
Morteza Farajian Executive Director Build America Bureau, USDOT
Jillian Ashley Partner Allen & Overy
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Anthony is the Senior Managing Director for John Laing’s Americas business based in the United States. Building upon John Laing’s successful long-term involvement in the PPP and Energy markets, Anthony has responsibility for all activities across the Americas region.
Anthony has over 20 years’ experience across multiple Infrastructure markets including the Americas, Europe and Asia Pacific. Anthony joined John Laing in 2005 and during this time has also worked in London, Singapore and Sydney. Anthony successfully led John Laing’s entry into the Australian market prior to relocating to the United States in 2014.
Anthony leads a large team of infrastructure specialists based throughout the United States, Canada and Colombia focused upon securing and delivering major Transportation, Social, Digital and Energy transition projects.
Anthony is on the board of The Association for the Improvement of American Infrastructure.
John is the Head of Infrastructure & Energy Capital for the Americas.
John has 23 years of experience in the finance and infrastructure sectors both as a civil engineer and in infrastructure finance.
While at Macquarie, John has led a wide variety of development projects in the transportation, rail, airport, road, social infrastructure and energy sectors. John has also provided advice on infrastructure projects, corporate and project financings, mergers & acquisitions and arranging debt and equity for a variety of transactions for industrial companies, financial sponsors and Governments.
Previously, John worked for a number of years as a civil engineer in Australia on infrastructure projects, before completing his Doctorate at Oxford University in civil engineering, and subsequently his Master ofApplied Finance.
Profile to follow shortly.
Profile to follow shortly.
Dr. Morteza Farajian has served as a senior executive leading the Build America Bureau at USDOT (the Bureau) since April 2019. He is responsible for credit programs and loan guarantees (approximately $100 billion in lending capacity and $25 billion in existing portfolio) that support development of large-scale and multimodal transportation infrastructure. The Bureau also promotes innovative project financing solutions and helps state and local governments develop and finance Public-Private Partnership (P3) transactions for transportation facilities.
Prior to this position, Dr. Farajian was serving as acting Deputy Secretary of Transportation and Director of Public-Private Partnerships (P3) Office in Virginia. Over a period of 7 years, he led procurement, financing and contract negotiation of multiple multi-modal transportation projects totaling $10 billion in value. Under his leadership, the P3 program in Virginia was reformed to promote competition, engage stakeholders and increases accountability. He established the first strategic program to manage a portfolio of P3 contracts post-procurement totaling $14 billion in project value.
Dr. Farajian is also an entrepreneur who has co-founded a crowd-financing platform that provides local and small investors the opportunity to invest in infrastructure projects as equity or subordinate debt. He has proven experience in successfully leading multi-disciplinary teams and diverse expertise in P3 transaction structuring and negotiation, organizational transformation, business development, public policy, stakeholder management and project planning/finance.
Dr. Farajian has received his Ph.D. and M.Sc. degrees in Project Management from University of Maryland. He also has a B.S. degree in Civil Engineering. He currently serves as a board member on ARTBA’s P3 Division and TRB’s Revenue and Finance committee.
Jillian is a Partner in our Projects, Energy, Natural Resources and Infrastructure (PENRI) group and head of the U.S. China Group in the New York office. Jillian has significant experience representing investors, sponsors, developers and lenders on the acquisition, financing and development of major projects around the world in a wide range of sectors, including all aspects of energy transition (including carbon capture, utilization and storage (CCUS), hydrogen, EV and renewables), transportation (including airports, rail, ports and roads), power generation and distribution and water. She also has extensive experience advising on the structuring, formation, marketing and financing of private investment funds in the infrastructure, energy, real estate and mining sectors, including representing lenders and funds on subscription line, NAV and hybrid financings for funds. Chambers USA 2023 has ranked Jillian at Band 4 in the PPP market.
As head of the U.S. China Group, Jillian has particular experience advising Chinese clients on their projects in the Americas, and advising US clients on transactions related to China, in close coordination with Allen & Overy’s China offices.
Jillian attended both Harvard College and Harvard Law School, graduating with honors of summa cum laude and magna cum laude. Jillian is fluent in Mandarin.