PPP Project Finance & Infrastructure

3 days 14-16 Nov 2016, London UK £3,645.00 + VAT* Download brochure Add to basket

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Attend this 3 day course and you will learn:

  • What are the investment options for Government?
    • Fund developments using the Government budget
    • Use private (equity & debt) capital, e.g. PPP
    • Privatise existing state public service utilities
  • What are the benefits (& dis-benefits) of using these options as a procurement mechanism?
  • How successful has privatisation been in delivering investments?
  • What are the funding options for power, infrastructure and PPP projects? How much debt? How much equity? Why?
  • Who are the key investors in such projects? Why?
  • What do investors seek, & what are their expectations and limits?
  • What do bank lenders require, & what constraints do they impose?
  • How best to attract capital markets (e.g. pension funds, life insurance companies and sovereign wealth funds) to such investments.
  • Which funding options best match specific project opportunities, & why?
  • What is the best recipe for success? Why have some projects failed? What have been the problems? Could they have been spotted earlier?
  • What has been the international experience across sectors?
  • How can failure be avoided? What steps should be taken in project preparation? How can political risk be mitigated?
  • What clauses are key in the underlying project documents to ensure success?
  • What role should Government take? Should they be a shareholder? What remedies are there when projects fail, or are faced with changing circumstances?

Supported by

Who should attend

All professionals involved in infrastructure finance from across government and government agencies, project sponsors, contractors, financial institutions including multilaterals and export credit agencies, as well as consulting and advisory firms.

  • Head of Project Finance
  • Head of Corporate Finance
  • Head of Structured Finance
  • Treasurer
  • Project Manager
  • Accountant
  • Analyst
  • Sales Manager


We work with a series of expert instructors, please select the course location of interest to review the credentials of who will be delivering the programme.

Martin Blaiklock

After 30 years’ experience as an investment, commercial, and development banker in Project Finance/PPP throughout most of the World, the course director regularly presents seminars and training courses to governments, banks and companies on Project Finance and PPPs. 

He has undertaken courses including: the World Bank, EBRD, the Governments of Romania, India, Ghana, Kenya and Uganda, major London and Gulf banks, leading UK, Dutch and Egyptian contractors and consultants, and Imperial College London.

He has over 25 years’ experience of structuring, developing, evaluating and implementing the funding of public and private sector projects [ i.e. PFI’s, PPP’s, BOOT’s;  PSP’s, IPP’s, etc.] in infrastructure, energy, and the process industries. He has been involved in many of the major UK PFI & PPP Projects. He was Expert Witness for the Parliamentary Inquiry into the London Underground PPP and has contributed to many Parliamentary and National Audit Office Inquiries.

In December 2014, Euromoney published his book: “The Infrastructure Finance Handbook: Principles, Practice and Experience



Central London Hotel Venue

All courses are held at four or five star venues in Central London, Zone 1. We strive to provide you with a training environment of the highest quality, to ensure that the whole learning experience exceeds your expectations.

Your training venue will be confirmed by one of our course administrators approximately 3-4 weeks before the course start date.

Related Courses


We can bring this course to your company's office.

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We produce learning solutions that are completely unique to your business. Our tailored learning solutions are designed specifically for your organisation’s needs.

We’ll be here to support you every step of the way. From the initial consultancy through to evaluating the success of the full learning experience. We'll ensure you get the maximum return on your training investment.

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Day 1

Theme: the essential components which make up an infrastructure Project Finance / PPP deal


  • Characteristics of infrastructure projects: public vs private
  • Key players in an infrastructure project finance transaction
  • Terminology & acronyms used (PPP, IFI, IPP, etc.)
  • Origins & recent history of privatisations, project finance & PPP in infrastructure
  • How are project financings initiated? What steps have to be taken?
  • What is the state of the infrastructure project finance / PPP market post-the financial crisis?
  • What is the impact of Basel III on infrastructure project finance & PPP?

Funding Structures

  • Conventional government-backed loan security vs project finance/PPP structures: advantages/disadvantages
  • Funding structures & proportions of debt & equity
  • Cross-sector comparisons

Introduction to infrastructure & Public Services Project Finance Concessions(PPP):

  • What is PPP: why the recent interest?
  • The choices for government: public sector comparators & value for money analysis
  • On/off balance sheet: rationale, issues & criteria for PPPs
  • Advantages / disadvantages of PPPs in infrastructure
  • The bid process & PPPs
  • Common problems arising in PPP projects

Risk Identification & Analysis

  • What is risk? Why are lenders risk averse?
  • Identification of risk types
  • Environmental risks: EQUATOR Principles
  • Evaluation of the impacts of risk
  • Creation of a risk matrix
  • Risk mitigation: how can risk be mitigated and controlled, e.g. political risk?
  • Role of the capital market derivatives in risk mitigation
  • Role of insurance to mitigate risk: commercial, financial, political

Sources of Debt & Equity

  • Equity funds: their requirements & expectations
  • Developers & investors
  • Private equity & SWF’s
  • Pension funds & life insurance companies
  • Key issues for Investors
  • Privatisations of public services: how are they funded?
  • Debt: availability, terms, conditions & key issues for lenders:
  • Development bank funding
  • Export credits
  • Commercial loans & term sheet
  • The bond markets: how they work & what are ratings
  • Islamic funding
  • Miscellaneous sources: offsets, leasing & barter

Project Appraisal & Bid Process

  • Cash-flow models: how to structure a model. What measures to calculate
  • Issues to look out for
  • DCF, NPV & IRR: what do they mean?
  • Criteria & Ratios used by lenders & investors to measure performance
  • Project documents: information memoranda, etc.
  • Role of financial advisor & other consultants
  • Due diligence: what is it? Who pays?

Cash-flow & Term Sheet Exercises
Course participants will be invited to discuss a project cash-flow and term sheet to identify key issues

Day 2

Theme 1: (a) what contract documents are required, and (b) what are the key clauses?

Project Documents: Project Finance & PPP Concessions

  • EPC / construction contract
  • Operations & maintenance contract
  • Supplies contract
  • Sales contract
  • Loan agreement: typical loan covenants
  • Shareholders agreement
  • PPP concession agreement

Theme 2: what has been the experience of Project Finance / PPP in the power sector?

Real-life Case Histories from developed and/or emerging markets worldwide will be taken and discussed for a range of projects in all the sectors mentioned below. Why have some succeeded, whereas others have failed? Is privatisation a realistic option? Lessons from each will be identified and noted.

  • Thermal power (oil, gas, coal, nuclear)
    • Coal-fired power station, Central Europe
    • An IWPP in the UAE
    • Marine diesel plant in Togo
    • Nuclear power projects
  • Hydropower (large & mini-)
    • Large hydro IPPs in S. America & Turkey
    • Mini-hydro C. Europe
  • Power transmission & distribution: the issues & problems. How to harness private capital
  • Renewable energy
    • Wind power project, Cen. Europe
    • Solar power, Spain
    • Biomass plant, Mauritius

Day 3

Theme: what has been the experience of Project Finance / PPP in the transport sector?

Real-life Case Histories from developed and/or emerging markets worldwide will be taken and discussed for a range of projects in all the sectors mentioned below. Why have some succeeded, whereas others have failed? Is privatisation an option? Lessons from each will be identified and noted.

  • Roads
    • M6 Toll, UK
    • M1/M15, Hungary
    • R1, Slovakia
    • Bina Istra, Croatia
    • Toll-road model in Chile
    • N1/N4 Platinum Highway, S. Africa
    • Lekki Expressway, Nigeria
  • Bridges & tunnels
    • Dartford bridge, UK
    • Milau viaduct, France
    • Channel tunnel / Eurotunnel
    • Oresund bridge, Sweden - Denmark
  • Railways & Metros
    • TGV PPPs, France
    • Rift valley railway, Kenya – Uganda
    • Hong Kong mass transit
    • Caracas Metro, Venezuela
    • London Underground PPP
    • CroydonTramlink
    • Dubai Metro
  • Ports & airports
    • Spata airport, Athens
    • Tirana airport, Albania
    • Quito airport, Ecuador
    • Gdansk port, Poland
    • Air traffic control: NavCanada

Private Investment in the Municipal and Public Accommodation Sectors

  • Hospitals
    • West Middlesex & UCH, London; Braga, Portugal
  • Schools
    • Argyll & Bute, Scotland
  • Prisons
    • Fazakerley, UK
  • Govt. & office buildings
    • HM Treasury Building, UK; Mapeley STEPS, UK
  • Water treatment plants
    • Seafield, Scotland; Muharreq, Bahrain
  • Waste management
    • Manchester PPP, UK
  • Stadiums
    • Wembley Stadium; Lille Stadium, France
  • Telecommunications
    • Broadband PPP, Bucharest

Course summary and close

Why us

We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.

We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:

  • Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
  • Track record – we have delivered training solutions for 95% of worlds’ top 100 banks and have trained over 250,000 professionals.
  • Knowledge – our 150 strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
  • Reliability – if we promise it, we deliver it. We have delivered over 20,000 events both in person and online, using simultaneous translation to delegates from over 180 countries.
  • Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 96% on service and 95% on product