Fundamentals of Public-Private Partnerships
July 18, 2020 - July 25, 2020
9:00 am - 5:00 pm
Early Eagle Rate:
July 04, 2020
Delivery of key infrastructure services is essential for the growth and development of a country. One avenue for delivering this is through entering into public-private partnerships (“PPP”). However, structuring PPPs is complex and not all projects may be a candidate for a PPP.
This course provides an understanding of the key principles of PPPs, including how projects are identified as potential PPP projects, how these are evaluated, and eventually, how these may be financed. Issues and challenges of entering a PPP will also be discussed.
Who should attend
This module is recommended for those working in financial institutions, private institutions, and government agencies involved, one way or another, in structuring, analyzing, or financing a potential PPP project. Those familiar with or have adequate working knowledge of project finance or lending will find this module most meaningful and beneficial.
At the end of the course, the participants will be able to:
1. Understand the main features of a PPP;
2. Understand the differences of a PPP and other modes of procurement of infrastructure;
3. Discuss different PPP models;
4. Know some of the key Philippine laws, regulations, and policies in relation to PPPs;
5. Know some of the key considerations in structuring a PPP, including appropriate risk allocation;
6. Have some basic knowledge in project finance structuring specific to a PPP;
7. Have some basic knowledge in financial modeling for a PPP; and
8. Appreciate the complexity of a PPP including key contractual relationships.
I. What is a PPP?
II. PPPs vs. Other Procurement Modes
III. The Different PPP Models
IV. Legal Considerations
V. Structuring a PPP
VI. Risk Allocation in PPPs
VII. Financial Evaluation and Project Finance Contracts and Negotiations
Mr. Francis "Nic" Chua is currently the First Vice-President and Head - Corporate Finance Group of the Development Bank of the Philippines where he oversees the Corporate Finance Group of the Development Bank of the Philippines where he oversees the Investment Banking and Capital Markets Departments of the Bank. Through the Investment Banking Department, the team provides financial and transaction advisory services to Government and private sector clients in relation to public-private partnerships, joint-ventures, privatizations, mergers and acquisitions, and other similar transactions; as well as structuring and syndicating project finance transactions.
Prior to heading the Corporate Finance Group, he led the Investment Banking Department where he served as the team leader of the transaction advisory team for several key infrastructure projects of the Government including the successful tenders of the NAIA Expressway Project and the LRT1 Cavite Extension, Operations and Maintenance Project. He was also part of the transaction team for the syndicated financing of the Tarlac-Pangasinan-La Union Expressway (TPLEX) and the syndicated financing in relation to the privatization of Petron Corporation. FVP Chua has been with DBP since 2007 and is a product of the DBP's multi-awarded Management Associates Program.
Mr. Chua holds an MSc in International Development: Development Finance from the University of Manchester, United Kingdom and dual Bachelor's Degrees in Development Studies and Economics with Minors in Development Management and Chinese Studies from the Ateneo de Manila University. He also undertook executive courses from the Renewables Academy AG on Green Banking: Renewable Energy Financing; from the Kennedy School of Government, Harvard University, USA on Public-Private Partnerships in Infrastructure; and from the Asian Institute of Management on Project Planning, Management, and Development, and on Practical Project Management in Public Investment from the same institute.