11th Annual Canadian Infrastructure Finance Forum

Day One: Tuesday July 12th, 2016

8.30 Registration & refreshments
9.10 Chairperson’s opening remarks
9.20 Examining the Federal Government’s plan for infrastructure spending

• Is the P3 model still the Federal Government’s ideal project structure?
• How will dropping the screening process for large infrastructure projects affect the future of Canadian P3s?
• What balance of shovel-ready / greenfield projects will be focused on?
• How will the Canadian Infrastructure Bank function? And how will it benefit project sponsors?

9.50 Grantors panel: what’s in the pipeline in the provinces?
*C-Suite representatives from major provincial grantors and PPP agencies will discuss past successes and future opportunities via 10 minute presentations*

• An overview of recent projects & achievements
• Ongoing projects & the 2016 pipeline – was 2015 a high water mark?
• Current revenue & budgetary challenges
• The 5 year development plan
• Making it happen: Where can partners add value?

Followed by a panel discussion & audience Q&A

1. Rupen Pandya, President & CEO, Saskbuilds
2. Amanda Farrell, President & CEO, Partnerships BC
3. Ehren Cory, President, Project Delivery, Infrastructure Ontario
4. John McBride, CEO, PPP Canada

10.50 Morning refreshments & networking break
11.30 Grantors meet & greet: networking roundtables

• Meet and greet infrastructure project grantors; from federal, provincial and municipal bodies
• *The speakers come to your table, you swap business cards and they speak for 5 minutes. You then have 10 minutes to ask questions, before they move onto the next table and you meet the next speaker*

1. Rupen Pandya, President and CEO, Saskbuilds
2. Amanda Farrell, President & CEO, Partnerships BC
3. Ehren Cory, President, Project Delivery, Infrastructure Ontario
4. Mark Liedemann, Vice President, Projects, Partnerships BC
5. John McBride, CEO, PPP Canada
6. Kim Butler, Vice-President, Strategy & Organizational Development, PPP Canada
7. Byron Werry, Executive Director, Legal Services, City of Regina

12.45 Lunch & networking break
2.15 Infrastructure and the capital markets: Can bank debt challenge bonds as the dominant tool in the long term financing of projects?

• What are the terms and tenor attached to the long term loans currently on offer?
• How can they provide a creditable alternative to bonds?
• How do milestone and completion payments benefit project sponsors? And what are their drawbacks?
• What new and innovative financing tools are the capital markets providing?

1. Ricardo Bosch, North American Business Development Director, Cintra US

3.00 Financing projects internationally: What services are available to sponsors?

• What role can multilaterals and ECAs play in projects in the pipeline – the Gordy Howe Bridge, for example?
• What role can these organizations play in purely domestic Canadian infrastructure projects?
• How can foreign development banks open up opportunities for Canadian participation in infrastructure projects abroad?

1. Mark Romoff, President and CEO, The Canadian Council for Public-Private Partnerships

3.45 Afternoon refreshments & networking break
4.15 Procuring and structuring infrastructure projects at a municipal level: Benefits and challenges

• How easily can P3 models utilized by provincial bodies be transferred to municipal projects?
• Tapping into province-level knowhow and experience: How has it been done up until now?
• What are the difficulties encountered in municipal project procurement? How could they be alleviated?

1. Omer Malik, Vice President Project Financing – Infrastructure, Stonebridge
2. Byron Werry, Executive Director, Legal Services, City of Regina
3. Ehren Cory, President, Project Delivery, Infrastructure Ontario
4. Senior Representative, BLG - moderating

5.00 Structuring the flux of Canadian transport projects

• How has the classic P3 model been adapted to fit transport infrastructure projects? And what room is there for further adaptation?
• How do multiple private equity players work together to benefit a project?
• What difficulties are encountered when dealing with multiple private equity players? How could they be alleviated?
• An assessment of the transport project pipeline in the short and medium term

1. Ruth McMorrow, Executive Vice President, Parsons
2. Leslie Woo, Chief Planning Officer, Metrolinx – tentative

5.45 Chairperson’s closing remarks and drinks reception

Day 2: Wednesday July 13th, 2016

9.00 Examining the public/private balance in Canadian projects
Presentation: How project grantors determine their ideal ratio

• Mark Liedemann, Vice President, Projects, Partnerships BC, explains the rationale used when determining a P3 project’s ideal public/private make-up

Panel discussion: What is the ideal balance of public and private ownership?

• What impact do smaller equity tickets have on involvement from large private equity investors?
• Assessing the impact of milestone and completion payments on attracting private equity to projects
• How does a low level of private ownership affect a project?

1. Alan Linsley, Senior Vice President, Plenary Group
2. Mark Liedemann, Vice President, Projects, Partnerships BC

10:00 Unlocking Canada’s institutional investor demand for infrastructure bonds

• What impact has economic volatility had on the attractiveness of this asset class?
• How can project bonds be made more attractive to investors?
• Assessing the depth of the Canadian market and opportunities for improvement
• Understanding illiquidity, credit premiums and other factors that impact pricing of infrastructure debt
• Exploring the public vs. private distribution debate
• How is the changing investment landscape affecting bond arrangers?

1. Bruce Anderson, Managing Director, Project Finance & Infrastructure, Manulife
2. Gaurav Mittal, Vice President - Private Debt Investments, Canada Life

10:45 Morning refreshments & networking break

11:15 Exploring the rise of Canadian rapid transit
Case study presentation: Eglinton Light Rail

• How did province and municipality interact in the project’s procurement? Is this transferrable to other projects?
• How was the debt/equity ratio for the financing of the project determined?
• Analyzing investor demand for the two bond tranches

1. Leslie Woo, Chief Planning Officer, Metrolinx - tentative

Panel discussion

• Comparing and contrasting the LRT procurement experiences of large and small municipalities
• What environmental and civic risks arise in LRT projects? How are they being overcome?
• How is the standardization of LRT financings aiding project sponsors?

1. Paul Hughes, Senior Director. Infrastructure and Contract Solutions, Altus Group
2. Leslie Woo, Chief Planning Officer, Metrolinx - tentative

12:15 Analyzing the opportunities provided by infrastructure refinancing

• What refinancing tools are on offer to sponsors of Canadian infrastructure projects?
• How does the refinancing of infrastructure projects benefit project owners?
• How can refinancing allow Canadian project sponsors to tap the country’s institutional investors?

1. Christophe Petit, President and Managing Partner, Star America Infrastructure Partners
2. Lal Wanniappa, Senior Director, Hochtief PPP Solutions North America

1.00 Closing remarks followed by lunch & close of the conference