Agenda07.30 - 08.30EDT
AIAI P3 workshop breakfast* by invitation only08.30 - 09.30EDT
Registration and networking breakfast sponsored by Assured Guaranty09.40 - 10.25EDT
Over the last five years, cities have become more comfortable procuring schools, courthouses, government buildings, prisons, and recreational facilities as P3s. Universities have also embraced P3s to build housing and upgrade energy systems, with 28 greenfield P3s accounting for USD 3.5bn reaching financial close since 2018.
In this session hear panellists discuss:
10.25 - 11.10EDT
- Are social P3s easier to advance than large mass transit projects?
- How can P3s help to meet the demand of affordable housing?
- How do politics play a role in these projects?
Adaptation to carbon emission-free infrastructure presents enormous challenges and opportunities for the sector. The deployment of newer infrastructure technologies – EV charging, microgrids, hydrogen, carbon capture – have become focal points in the push for decarbonization and sustainability. At the same time, new and existing projects must withstand resiliency tests in the face of extreme weather events due to climate change. The scaling of innovations in technology and procurement methods can advance investor and community interests.
11.10 - 11.40EDT
- Is climate change an opportunity for smarter P3 investments?
- Advancing projects through partnerships with local and national governments
- How do stakeholders mitigate the physical risks of climate change on infrastructure assets?
- What are prevailing strategies and policies to make infrastructure resilient and sustainable?
Morning networking break11.40 - 12.25EDT
Risk is a key characteristic of P3s, influencing project structure and cost. The assessment of risk is a critical task in developing and executing P3 projects. Effective risk allocation and risk transfer can drive more competitive bids while simultaneously increasing value for money for the public sector.
A panel of experts from the developer, financing and investment industry will look at how the risks inherent in the different stages of projects can be managed within the framework of a P3:
12.25 - 13.10EDT
- What is the appropriate risk transfer between the public and private sector for optimal project delivery?
- What are the current insurance and surety products available for P3 projects? How can an advisory team mitigate risks?
- How can stakeholders identify and mitigate their respective risks in a P3 project?
- Can progressive P3s fairly allocate risk between the public and private sectors?
Developers faced dramatically more expensive financing markets in 2022 as the Federal Reserve raised interest rates in response to stubbornly high inflation. Even so, P3 projects secured record amounts of capital to reach financial close. In 2022, almost USD 20bn dollars in SPV and holdco-level debt were secured in the US P3 market, with both loans and bonds highly increasing their YoY values. PABs figures experienced their record year in 2022, driven by large deals such as the redevelopment of JFK Terminal 6, the financing of Maryland Purple Line, and the financial close of the Pennsylvania Major Bridge Program.
In this panel, experts will discuss what are the best strategies for financing projects in a high volatility environment.
13.10 - 15.00EDT
- How much capacity do banks have to provide construction financing?
- How can developers take advantage of TIFIA and WIFIA financing? PABs?
- What other sources of debt and equity capital are available?
- If the US enters a recession, how concerned should developers be about the financial strength of state and local governments?
Close of conference and networking lunch
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