Conference Day One - Tuesday 12th April 2011

last modified: 24 April '11

8am

Registration and refreshments

8.50am

Chairman's opening address

› Mr Ronald Radcliffe,

Consultant, Manager Research,, Watson Wyatt

THE U.S. POST-CRISIS INFRASTRUCTURE STORY – TRENDS AND DEVELOPMENTS

9am

Keynote address: What does the future hold for the U.S. infrastructure sector – the role of politics, policy and public perception?

What does the future hold for the U.S infrastructure sector post-crisis: is the market finally at tipping point?
Examining the role of the National Infrastructure Bank
How have the elections impacted the infrastructure sector?
Have we finally reached public acceptance of private investment?

› Mr. Sean Connaughton,

Virginia sec of transportation, Commonwealth of Virginia

9.35am

Can we get the ‘stars and planets aligned’ – harmonising states and governments?

What have been the main policy developments and how have they helped the infrastructure sector?
Is there a ‘road-block’ ahead in terms of policy?
Which new partnerships are easing deal flow in infrastructure?
How can states become more active and help push P3s through?
Why do some states such as Puerto Rico work better than others?

› Mr. Jacob Falk,

Senior Policy Advisor on Infrastructure Finance / Acting Director, Office of Infrastructure Finance & Innovation, Office of the Assistant Secretary for Transportation Policy, USDOT

› Mr. Sean Connaughton,

Virginia sec of transportation, Commonwealth of Virginia

› Mr. Addison Smith,

Vice President, Sphere Consulting

10.15am

Keynote address: Charting the rise of Direct Investing - the demise of the infrastructure fund?

Which prominent investors are going direct?
The benefits vs. costs of direct investing
How are investors doing their own due diligence and investment management: can public pension funds move quick enough to invest direct?
Co-investing: more control and less risk?

› Miss Maria Kang,

Managing Director, Global Infrastructure Investments, Scotia Capital

› Ms. Nadine Lennie,

Director, Private Markets, Future Fund

› Mr. Maxime Durivage,

Portfolio Manager, Desjardins Pension Fund

Morning Refreshments

11.25am

Case Study: Value Creation Through Deal Sourcing

The story behind the acquisition of a tri-generation utility in the busiest medical zone in the U.S.
Creating opportunity in the context of a weak economy
Addressing the seller's desire to redeploy capital and avoid client risk
Determining infrastructure characteristics and upside/downside potential
Adding value through improved customer relations, O&M improvements, and capex

› Mr John Watt,

MD, Head of Asset Management , Morgan Stanley

DEAL FLOW ANALYSIS AND THE ROLE OF P3s

12pm

Panel debate: Examining the interests of the Labor unions and their role in infrastructure investing

2011: What has changed in the role of the unions and in their perception of the infrastructure market?
A balancing act: How do unions select projects whilst benefitting their members?
‘Labor unions have to have a seat at the table’ – but do they have to pay to play?
Which new investment vehicles target union investment?
How can the scepticism of unions be overcome by the infrastructure world?

› Ms. Samara Barend,

Director, AECOM

› Ms Sonia Axter,

Managing Director, Infrastructure Investments Group, ULLICO

› Mr. Pete Rimsans,

Executive Director, Indianna State Building Constructions & Trade Council

12.40pm

“All that is missing is deals”: Deal flows and structures - too much talk and still not enough action?

What is holding up deal flow – how can we action it?
Supply and Demand: are there enough deals to done and has the buyer/seller valuation gap narrowed?
Are aborted deals such as the Pennsylvania Turnpike harming the sector potential or can we learn from them?

› Mr Tyler Duvall,

Senior Advisor, McKinsey & Company

› Mrs Jane Garvey,

Chairman, Meridiam Infrastructure North America

› Mrs. Regina McElroy,

Office of Innovative Program Delivery,, Federal Highway Administration

› Mr Andrew Frasier,

Partner, Allen & Overy

1.20pm

Lunch

2.20pm

Pricing risk - what is the role of P3s?

How do we now define P3s and what has changed?
How have P3s developed in spite of revenue risk?
Exploring the cost-of-capital argument: comparing other financing initiatives to P3s
What NEW P3 projects are in the pipeline?

› Mr. Jim Reed,

Director, National Conference of State Legislators

› Mr. Dennis Enright,

Principal, North West Securities

› Mr. José Luis Moscovich,

Executive Director, San Francisco County Transportation Authority

3pm

Airport Public Private Partnerships: How applicable are international models to the United States?

Exploring airport PPPs that are being used globally
A look at US airport PPPs: What is working?
Predictions for 2011-12

› Mrs. Susan Warner-Dooley,
(Moderator)

consultant/engineerin gfirm, HNTB Corporation. (Aviation Practice).

› Mr Brian Chase,

Senior Vice President, Campbell Lutyens

› Ms Shirley Ybarra,

Senior Advisor, Reason Foundation

3.40pm

Afternoon tea

ASSET CLASS AND SECTOR PERFORMANCE: WHERE SHOULD YOU ALLOCATE?

4.10pm

Cash Yield for investors - where are the next opportunities?

Where are the profitable sectors for 2011?
Have pension funds fully regained their investment appetite?
Risk vs. Return: Has the asset class become more of a portfolio risk due to low yields for investors?

› Mr. John Keane,

Executive Director,, Jacksonville Fire and Police Pension Fund

› Mr David Altshuler,

Executive Director, Meketa Investment Group, Inc.

› Mr Ken Nicholson,

Managing Director, Fortress

4.50pm