US P3 Forum 2022

Infralogic is pleased to announce the launch of the 18th annual US P3 Forum 2022

Etc Venues, 360 Madison Ave, New York

  • 08:00

    Registration and networking breakfast

  • Current state of play

    • 09:00

      Infralogic welcome and infrastructure market update

    • 09:10

      Opening Keynote presentation: Market outlook

    • 09:30

      Opening Panel discussion: P3 opportunities

      A year ago, the Biden administration pushed through the Infrastructure Investment and Jobs Act, a historic piece of legislation that incentivizes P3s. Now the work begins as federal agencies draft rules and municipalities start to plan new projects. P3 activity by deal value in 2022 is already set to surpass 2021 levels this year thanks to the closing of the New Terminal One project at New York’s JFK airport. By volume year to date, 6 deals have reached financial close and 18 have launched, compared to 12 closings and 45 deal launches in the same period of 2021, according to Infralogic data.  

      In a scene-setter for the next two days, a panel of P3 investors, advisors and government officials will review the state of the P3 market and discuss measures that could accelerate deal-flow.

      In this opening panel session panellists will discuss:   

      • What are the trends and developments shaping the US P3 market?
      • How the new federal infrastructure legislation will help deliver P3 projects
      • What specific factor are driving the diversification of the P3 project in the US?
      • How the infra market is managing the inflation challenges and uncertainties?  
      • What the Infrastructure Investment and Jobs Act means for the public sector and private sectors?
    • 10:15

      Fireside chat: Macroeconomic headwinds

      P3 contracts struck in 2021 face a vastly different world in 2022 as preferred proponents work to reach financial close amid increasing costs and economic uncertainty. This panel will look at how governments and developers are overcoming challenges to ensure critical infrastructure continues to be built.

      • How can projects be modified to account for higher-than-expected construction and financing costs?
      • What lessons can we learn from cancelled projects?
      • Are pre-development agreements a solution to better share risk?
      • What is the impact of the Infrastructure Act on P3 projects?
    • 10:45

      Morning Networking break

  • The future of transportation P3s

    • 11:15

      Panel discussion: Transportation P3s

      The bipartisan infrastructure legislation is expected to have the most immediate impact on transportation projects to fund the construction and refurbishment of highways and bridges. Georgia, Louisiana, Maryland and Pennsylvania are among the states actively considering megaprojects. Some state and local governments are exploring using new technology to solve transportation challenges through microtransit. Delegates will have an opportunity to listen to panellists discuss opportunities in the sector across traditional and emerging methods of transport.

      • How is the 2021 infrastructure legislation impacting new and future procurements?  
      • What are the best strategies for grantors and developers to overcome political opposition to use fees like tolls?
      • Has the pandemic led to a permanent change in travel patterns that will impact projects?
      • Is microtransit a viable alternative to light rail? What are the best use cases?

    • 12:00

      Case study presentation TBC

      This session will be a presentation and conversation exploring a recently closed P3 deal. Keep checking for further updates.

    • 12:30

      Networking lunch

    • 13:30

      Case study presentation TBC

      This session will be a presentation and conversation exploring a recently closed P3 deal. Keep checking for further updates.

  • Telecoms and broadband P3s

  • Social and environmental P3s

  • 17:05

    Close of day one and networking reception

  • 08:30

    Registration and networking breakfast

  • 09:30

    Infralogic welcome

  • Environmental P3s

    • 09:35

      Keynote: Sustainable infrastructure investment: how climate change is reshaping infra investment

    • 09:45

      Panel discussion: Boosting clean energy infrastructure

      The infrastructure act is funnelling billions of dollars into the Department of Energy for the promotion of clean energy initiatives. Among the largest of these is USD 20bn in financing for transmission infrastructure upgrades and expansion, including authorization for the agency to use public-private partnerships. On this panel, speakers will discuss existing and future frameworks for collaboration between private clean energy developers and federal and local authorities.

      • How to use P3s to adapt to an ever-changing energy landscape?
      • What hurdles lie before stakeholders in building energy and power P3 projects? 
      • What are the most promising areas for P3s in clean energy? 

    • 10:30

      Panel discussion: Solving urgent water needs

      Water infrastructure in the United States is aging, with demand for new sewage systems and facilities, but state and federal government investment continues to fall short, leaving municipalities to deal with the problem on their own. In response to expanded federal incentives, water shortages, and the urgent need to replace ageing plants and systems, some water authorities in the United States are beginning to embrace P3s or consider the sale of systems to private entities.

      In this session, speakers will discuss how to successfully deliver water projects under the P3 model.

      • How can P3s be used to help tackle water shortages issues in the US?
      • What lessons can we learn from successful projects like Fort Lauderdale?
      • What types of P3s are most likely to succeed without running afoul of regulators and political pressure?

    • 11:15

      Networking break

  • Managing P3s

    • 11:45

      Panel discussion: Financing novel P3s

      The need for new types of infrastructure – like electric vehicle charging – has created challenges to traditional P3 financing and funding models. At the same time, ever-shorter technology lifecycles do not fit well with long-term infrastructure financing. On this panel, leading P3 funding and finance experts will discuss the best ideas for creating new models in a changing infrastructure landscape. 

      • How to best integrate and monetize new technologies within physical infrastructure? 
      • What is the best approach to sharing risk with a grantor for unproven technology? 
      • Does a venture capital-like model work when it comes to P3s? 
      • Are banks able to offer debt financing? 
    • 12:30

      Networking lunch

    • 13:30

      Panel discussion: Developers roundtable

      From inflation to rising interest rates to climate resiliency, the public sector is contending with high amounts of risk when procuring infrastructure projects, making the services of an experienced developer important for managing risk and keeping costs low. This session will present the developer’s viewpoint on technological innovation and how P3s can withstand macroeconomic risks.

    • 14:15

      Secondary opportunities

      Several investors are developers this year have looked to sell their stakes in P3 projects ranging from toll roads to bridges and student housing. Opportunities are expected to increase in the coming years as developers cycle out of completed projects. This panel will examine how investors think about an exit and what P3s are likely to be most fruitful for deals.

      • What is the optimal time to monetize a P3—financial close, project opening, after several years?
      • How will higher interest rates impact valuations on P3 deals?
      • Who are active buyers of P3s?
      • How much say should a grantor have in the new owner of an asset?