60 likes | 81 Views
Explore the PPP framework in African rail investment through the lens of Gautrain. Delve into asset vs contract debate, regulatory environments, and third-party finance considerations. Gain key learnings on equity, revenue structures, and risk management.
E N D
Africa Rail 2009 Workshop BOT - PPP 23 June 2009 Werner van Oudenhove Head of Infrastructure, Rand Merchant Bank
Introduction The PPP Framework Gautrain Structure Key Learnings & Ideas from Gautrain
Considerations for Third Party Investment and Debt Finance … The PPP Framework • Multi-Sector issues … what’s in a name ? • Asset versus Contract • Regulatory Framework • Useful Life of Asset / Tenor • Sponsors • Public and Private Sector Champions • 25 years is a long time … !
Lender and Third Party Investor viewpoint … Key Learnings & Ideas from Gautrain • Government and Contractor Equity • Revenue Structure • Operator Equity • Interface Risk • Complexity