Ms Delia Reardon | Project Finance and PPP Specialist
Inkuma Project Finance Consulting

Ms Delia Reardon, Project Finance and PPP Specialist, Inkuma Project Finance Consulting

Having qualified with a BA LLB from the University of Pietermaritzburg, Natal, Delia Reardon practiced as an attorney and also completed her MBA at the University of Cape Town, receiving the Allan Gray Strategy prize. She then joined the Project and Infrastructure Finance Department of Investec Bank for 6 years where she worked on project financing Public Private Partnerships such as the R3.2bn Bakwena N4 West Platinum Toll Road, the John Ross Toll Road, the refinancing of the N4 East Maputo Corridor Toll Road, the bids for the Department of Trade and Industry (“DTI”) and the Department of Foreign Affairs (“DOFA”) Accommodation projects, the Gauliwe bid for the Gautrain rapid rail project and the refinancing of the Kelvin Power Station. Delia left Investec in 2007 to start her own business and she now provides project finance and PPP consulting services in the name of Inkuma Project Finance Consulting CC. She is currently working on a contract basis at TCTA (Trans Caledon Tunnel Authority) as project finance manager for the implementation of bulk water infrastructure. Delia was the Technical Partner to the SADC Banking Association from June 2007-September 2008 and is a trainer in Project Finance and PPPs. She has trained extensively throughout Africa in Kenya, Zimbabwe, Zambia, South Africa and also in Mauritius.

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Appearances at this years' conference:

Pre-conference Workshop: Tuesday, 28 February 2012


@ 09.00
What is a Public Private Partnership?

  • Origins and rational for PPPs
  • The difference between PPPs and other forms
  • of finance
  • Why road projects lend themselves towards
  • PPPs
  • Selection strategy of a project structure
  • Snapshot of the African PPP market

  • › Ms Delia Reardon, Project Finance and PPP Specialist, Inkuma Project Finance Consulting
@ 11.00
Project documentation

  • PPP agreement
  • Operation and maintenance contracts
  • Finance documents and security documents
  • Sponsor support agreements

  • › Ms Delia Reardon, Project Finance and PPP Specialist, Inkuma Project Finance Consulting
@ 11.00
The various stakeholders in a PPP

  • The banker perspective – obtaining finance during a liquidity squeeze
  • The sponsor and shareholder perspective – obtaining the correct level of pass through risk
  • The borrower / concessionaire perspectivecompetitive bidding
  • The regulatory environment and the PPP project lifecycle
  • Project documentation
  • PPP agreement
  • Operation and maintenance contracts
  • Finance documents and security documents
  • Sponsor support agreements

  • › Ms Delia Reardon, Project Finance and PPP Specialist, Inkuma Project Finance Consulting
@ 13.30
Project selection strategies and financial considerations

  • Project appraisal and feasibility studies
  • The value for money and public sector
  • comparator
  • The banker’s base case
  • Credit enhancement techniques
     

Case study: TRAC Maputo N4 east toll road and
refinancing

  • › Ms Delia Reardon, Project Finance and PPP Specialist, Inkuma Project Finance Consulting
@ 15.30
Essential risk evaluation techniques

  • Identification and analysis of key risks in a PPP
  • Concept of risk allocation
  • Mitigation techniques for each risk

  • › Ms Delia Reardon, Project Finance and PPP Specialist, Inkuma Project Finance Consulting

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