Day 1, Thursday, June 4, 2015
Infrastructure and P3 Thought Leadership
8:00 AM to 6:00 PM
08:15 AM - Networking Breakfast and Registration
08:50 AM - Welcome and Opening Remarks
09:00 AM - Keynote Address: Dan Richard, Chair, California High Speed Rail Authority
10:00 AM - Panel: New Political and Policy Landscape Affecting Infrastructure
The policy and legislative landscape continues to shift as federal, state, and local governments increasingly focus on innovative methods to procure and finance infrastructure projects.
A number of federal initiatives (including the Build America Investment Initiative, the Water Infrastructure Finance and Innovation Act (WIFIA), the Rural Infrastructure Opportunity Fund and the proposed Qualified Public Infrastructure Bond (QPIBs) program) have the potential to significantly boast infrastructure development in a wide range of sectors.
Our panel of seasoned experts will discuss these federal initiatives, as well as relevant legislative and policy developments at the state level.
11:00 AM - [Presentation/Discussion]: P3 Procurement: Inventing a Better Mousetrap
The US P3 procurement process can be lengthy, convoluted and expensive, for both the private sector bidders and the public sponsor. Public sponsors often have sticker shock at the cost of running a competitive P3 procurement. Private consortia can spend millions of dollars pursuing an unsuccessfully bid. In addition, there is little uniformity across state lines. Must it be this way?
Our panel of industry leaders will discuss if we can “invent a better mousetrap,” with specific reference to procurement processes outside of the US.
12:00 noon - Lunch
1:00 PM - Panel: Infrastructure Financing Options for A Brave New World
Public infrastructure projects have a smorgasbord of possible financing options, including PABs, TIFIA, bank financing and equity, possibly to be joined in the near future by WIFIA and QPIBs. Institutional investors have shown increasing interest in certain P3 projects. On the other hand, the inability of Congress to pass a long-term transportation funding bill has already started to have an adverse impact on state infrastructure programs. Focusing on recent projects, our expert panel will discuss how best to navigate this complex landscape.
2:00 PM - Panel: Fiscally Challenged Municipalities-Can Infrastructure Assets Be Part Of The Solution?
Although Detroit’s pre-bankruptcy financial condition was extreme, many municipalities across the US, including in California, are in a state of financial distress. Burdened by excessive debt and pension fund obligations, some cities are struggling to maintain basic services or to meet public payroll. Such municipalities may however, own revenue-producing assets (such as parking, water systems, toll roads/bridges, or airports) that could be monetized, by means of a P3 or otherwise, to provide much needed capital and to transfer certain long term obligations to the private sector. Our expert panel will discuss the possible pros and cons of such an approach.
3:00 PM - Networking & Coffee Reception
3:15 PM - Panel: Addressing the Nation’s Water Infrastructure Crisis
The American Society of Civil Engineers gave U.S. water infrastructure a “D” grade in its 2013 Report Card for America’s Infrastructure, noting that America’s water infrastructure systems were an average of 50 to 100 years old and would need at least $1 trillion to update or replace. In response to one of California’s most severe droughts on record, in January Governor Brown declared a drought State of Emergency, directing state officials to take all necessary actions to prepare for water shortages.
P3 projects such as the Carlsbad (California) Desalination Project, the San Antonio (Texas) Water Delivery Project, the Prince George’s County (Maryland) Stormwater Project, and the Huntington Beach (California) Desalination Project have shown that the private sector can help address the nation’s pressing water infrastructure needs.
Our panel of industry experts will discuss the current deficit in water infrastructure development and how the public and private sectors can best come together to address this pressing issue.
- Kelly Huffman, General Counsel, Poseidon Water
- Ryan Callender, Partner, Squire Patton Boggs
- Edward Fanter, Managing Director, Project Finance & Infrastructure, BMO Capital Markets
- Adam Carpenter, Regulatory Analyst, American Water Works Association
- Tony Taddeo, Senior VP and General Manager for Northern California and North West Operations, Skanska
4:15 to 6:00 PM - Private Wine & Food Reception
The Potential of Infrastructure on Society
Friday, June 5, 2015
9:00 AM to 6:00 PM
8:00 AM - Breakfast
9:00 AM - How 21st Century Infrastructure Will Accelerate Innovation
The quality of infrastructure that is available, and how it is designed, are emerging as critical factors in a city, state or region’s economic competitiveness. This calls for new thinking on what we invest in and how we pay for it. Recent P3 projects show how innovative design can enable and improve service efficiency and delivery, with flexibility to evolve over a project’s life. Achieving the state’s goals for greenhouse gas reductions and the increased use of renewable power will require a resilient and flexible smart grid. The tsunami of digital products and services that is coming fast will require new communications infrastructure, built to support mobile services and big data applications. This panel will bring together experts in communications policy, energy distribution, and the infrastructure project design and delivery to talk about smart infrastructure, the economic growth and innovation it will enable, how it can be financed, and the policy decisions that lie ahead.
10:15 AM - Networking & Coffee Reception
10:45 AM - Transforming Higher Education Infrastructure
This panel of experts explores the way infrastructure and P3 will transform the higher education experience.
- What infrastructure innovations are taking place at universities and how do they improve the academic experience for students?
- How does P3 impacts university real estate economics?
- What are university real estate leaders currently looking for in P3 partners?
12:00 noon - Conclusion of P3 Infrastructure Summit Educational Program
12:30 PM to 2:00 PM - Group Lunches
- Lunch in the City: Have lunch with a small group of new colleagues and explore a restaurant in SF (no host; all fees are separate from Summit fees)
2:30 PM to 6:00 PM - Social & Networking Time
Explore SF with a small group of new friends from the P3 Infrastructure Summit or on your own (no host; all fees are separate from Summit fees)
- Real Estate Tour
- Chinatown Walk
- DeYoung Museum
- Fisherman's Wharf
- The Ferry Building
- California Academy of Sciences
- The Real SF Tour