Building in Canada’s North has some unique challenges, but also huge opportunities for economic development and service delivery to remote communities. How are northern communities unlocking this potential and how can the P3 model deliver the needed solutions?
Speaker: Hon. Robert C. McLeod, Deputy Premier, Minister of Environment and Natural Resources and Minister of Finance, Government of Northwest Territories
Ms. Fukakusa provided her unique perspective on the opportunities to create a robust environment that supports the development of transformational infrastructure across Canada. That included a discussion on how best to increase the velocity of private sector investment into large, complex revenue generating projects.
Closing remarks and an invitation to the final reception, featuring a “Streets of Toronto” theme.
Minister Philpott highlighted the challenges in overcoming the infrastructure deficit in indigenous communities and the need for innovative solutions, including partnerships among these communities, government and the private sector. This innovation will be important as we work with Indigenous partners to build clean drinking water facilities, safe schools, all-season roads, clean and reliable energy, broadband connectivity, and housing in indigenous communities.
How are the world’s most active P3 markets addressing the staggering infrastructure deficit? What is the next wave of projects? What sectors will drive the industry?
Moderator: Kelly Gillis, Deputy Minister of Infrastructure and Communities, Government of Canada
- Ehren Cory, President and CEO, Infrastructure Ontario
- Phil Davies, CEO, Infrastructure Australia
- Jim Ray, Special Advisor for Infrastructure, US Department of Transportation
- Matthew Vickerstaff, Deputy Chief Executive and Head of Project Finance, UK Infrastructure and Projects Authority (IPA)
Celbrating Canada's outstanding projects at the 20th Annual CCPPP National Awards for Innovation & Excellence in Public-Private Partnerships.
Canada is experiencing a P3 transit project boom. How will the next generation of transit connect with conventional and P3-procured lines to provide a seamless experience for both users and providers?
Moderator: Amanda Farrell, President and CEO, Partnerships BC and Director, CCPPP
- Chris Gauer, President, Major Projects, Infrastructure Ontario
- Richard Fechner, Global Leader, Infrastructure Investment and Economics, GHD
- Rupert Holloway, Senior Vice President, Rail & Transit Construction, SNC-Lavalin
- Martin Buck, Senior Advisor, UK Department of Transport and former Executive Commercial Director, Crossrail
Celebrating the 2017 P3 Champion. The Women’s Infrastructure Network profiled the recipients of the 2017 Leader Awards.
Historic infrastructure investment demands unconventional thinking to meet the needs of the next century. Learn how the Canada Infrastructure Bank will help drive that agenda.
Moderator: Glenn Campbell, Assistant Deputy Minister, Canada Infrastructure Bank Transition Office, Infrastructure Canada
- Nick Hann, Senior Managing Director, Macquarie Capital Markets and Director, CCPPP
- Jane Bird, Senior Business Advisor, Bennett Jones LLP
- David Moore, Partner, Dentons LLP
- Jordan Eizenga, Partner, Infrastructure M&A, Deloitte
- Eric Belman, Partner, US Infrastructure, QIC
Canada is recognized as a global leader in infrastructure and P3s, but we cannot fall into the trap of status quo. Three separate presentations will focus on the diversity gap in the industry, the challenge of training job-ready graduates, and the need for more innovation in projects. This session will be a call to action that work remains to be done!
Closing the Diversity Gap:
Matti Siemiatycki, Associate Professor, Planning & Geography University of Toronto
Adriana Chang, Construction Contract Administrator, Diamond Schmitt Architects
Graduating the Next Generation Talent:
Tom Murad, Head, Siemens Engineering and Technology Academy
Maximizing the Value of Innovation:
Michael Fenn, Senior Advisor, StrategyCorp
The opening of the Toronto Stock Exchange live from the conference floor at P3 2017.
Minister Sohi and Mayor Tory discussed the pressing need to deliver infrastructure that is resilient to environmental and cyber risks, has a life cycle of decades, is interconnected through digital networks, and is built with the smallest possible carbon footprint. The next phase of urban infrastructure will drive the economic growth of future generations, ensuring that Canada is in a leadership position as our economy shifts from resources to resourcefulness.
Moderator: Elyse Allan, President and CEO, GE Canada
His Worship Mayor John Tory, City of Toronto
The Hon. Amarjeet Sohi, Canada’s Minister of Infrastructure and Communities
Understand how forward-thinking money minds are unlocking innovative financial tools to support sustainable infrastructure projects in Canada’s largest P3 sectors.
Moderator: Johanne Mullen, Partner and Leader, Canadian Infrastructure and Project Finance Group, PwC and Director, CCPPP
- Karen Clarke-Whistler, Chief Environmental Officer, TD Bank
- Gadi Mayman, CEO, Ontario Financing Authority
- Michael Lindsay, Director, Global Infrastructure Advisory Services, Hatch
- Julian Ware, Head of Major Project Funding, Corporate Finance, Transport for London
Recipient of the Silver Award for Project Development
The City of Saint John – Safe, Clean Drinking Water Project is a perfect example of applying a P3 procurement model to allow municipal governments to replace aging critical water infrastructure in their cities and towns in a more timely, integrated and comprehensive manner. The Awards Committee made particular note of “the approach that Saint John took with this project to customize P3 concepts to address complex greenfield and brownfield developments that other municipalities can use as a model to modernize water treatment and distribution systems to ensure they deliver a safe and quality product to their citizens.”
Recipient of the Gold Award for Service Delivery
Adjudicators in this category were impressed that The Canada Line P3 Rapid Transit project in Vancouver “continues to be a superlative success story after 8 years of operation.” Initially delivered ahead of schedule and on budget for the 2010 Olympics, its usage level is far ahead of expectations, system service delivery performance meets and exceeds requirements, and it has been a major catalyst of economic activity.
Recipient of the Silver Award for Project Development
The Awards Committee noted that the CAMH project excelled in its extensive plans to integrate new buildings with the surrounding community to create a more inclusive environment. In addition, the Committee members noted “the project required an enhanced contractual and risk allocation structure as a result of directly interfacing with existing CAMH facilities and with a P3 Project Company involved with an earlier phase of development.”
Recipient of the Silver Award for Infrastructure
In addition to being the first composting facility to be delivered under the P3 model in Canada, the Calgary Composting Facility is also the largest of its kind in North America. The Awards Committee noted: “The DBF-OM delivery model and solution adopted is directly relevant to many Canadian municipalities seeking environmentally friendly and sustainable treatment of food and yard waste while reducing pressure on landfill facilities.”
Recipient of the Gold Award for Infrastructure
The Awards Committee noted this project is “an outstanding demonstration of how vital infrastructure in Northern Canada can be successfully delivered in a public -private partnership.” In addition, Committee members took particular note of the project proponent’s extensive and effective community engagement and the resulting incorporation of unique local considerations in the planning, design, construction and operations of this airport facility, including the reflection of cultural values.
P3s are at the centre of the Trump Administration’s infrastructure plan. What are the opportunities? How will the NAFTA negotiations and the perils of protectionism affect the outcome?
Moderator: Michael Marasco, CEO, Plenary Concessions and Director, CCPPP
- Elisabeth Hivon, Executive Director & Partner, Canada, Meridiam Infrastructure North America and Director, CCPPP
- Michael Gibbons, Managing Director, Walsh Infrastructure Investment Group
- Carolyn Flowers, Senior Vice President, Americas Transit Market Sector Leader, AECOM
- Seth W. Miller Gabriel, Director, Office of Public-Private Partnerships, District of Columbia
As we enter the third decade of Canada’s P3 development, the operations and maintenance phase is growing increasingly important. What up-front governance, practices and contracts help ensure the project’s operational success and what key factors over the 20-plus-year O&M phase will ensure that in the end, the assets deliver the best value for money?
Moderator: David Thom, President, IBI Group and Director, CCPPP
- Carrie Fleming, Partner, Blake, Cassels & Graydon LLP
- Marcus Akhtar, Asset Director, North America, John Laing Capital Management
- Trevor Speed, Director, P3 Operations, Business Integration and Development, Interior Health Authority
- David Threinen, Facility Management Operations Leader, Honeywell Limited
The Ontario Government’s Special Advisor will provide an update on his report and the current status of the project. This will be followed by a panel discussion to give guidance on how Ontario can successfully implement high speed rail.
Presenter: Hon. David Collenette, Special Advisor for High Speed Rail, Ontario Ministry of Transportation
Moderator: Jennifer Graham Harkness, Project Director, High Speed Rail, Ontario Ministry of Transportation
- Ron Hartman, President, North America, Network Rail
- Richard Eastman, Executive Director of Operations, Rail, Jacobs
- Alvaro Gomez-Muro, Managing Director, US Southeast, Ferrovial Agroman
- Olivia Steedman, Managing Director, Greenfield Investments & Value Creation, Ontario Teachers Pension Plan
Every successful project plans to bring benefits to local communities. But at what cost? What is the ‘new normal’ of collaboration between owners, project companies and communities?
Moderator: David Morley, Senior Vice President Business Strategy and Communications, Infrastructure Ontario
- Teresa Florizone, Vice President, Corporate Services and Chief Financial Officer, SaskBuilds Corporation
- Judy Pfeifer, Chief Communications & Public Affairs Officer, Metrolinx
- Michael O’Gorman, Managing Director, Winnipeg Airport Services Corp. (WASCO)
- Jensen Clarke, Vice President, Fengate Real Asset Investment
Who are the new global players in the P3 space? What do they need from the international market to bring their projects successfully to market?
Moderator: Jordan Schwartz, Director, Infrastructure, PPP and Guarantees, The World Bank
- Sergio Forte Gómez, Deputy CEO, Investor Relations, BANOBRAS, Mexico's Infrastructure Development Bank
- Strover Maganedisa, Acting Chief Director, Transaction Advisory Services & Public Private Partnerships, National Treasury, Republic of South Africa
- Alberto Ñecco, Executive Director, ProInversión (Private Investment Promotion Agency), Peru
- Mark Bain, Chair, The Canadian Council for Public-Private Partnerships and Partner, Torys LLP
- Chief R. Stacey LaForme, Mississaugas of the New Credit
- Video Message from The Rt. Hon. Justin Trudeau, Prime Minister of Canada
- The Hon. John Manley, P.C., O.C., Honorary Chair, The Canadian Council for Public-Private Partnerships and President & CEO, Business Council of Canada
- Mark Romoff, President and CEO, The Canadian Council for Public-Private Partnerships
- Chantal Sorel, Executive Vice President and Managing Director, Capital, SNC-Lavalin
Daniel L. Doctoroff, Chairman and CEO, Sidewalk Labs
Dan Doctoroff leads the ‘big think’ team of urbanists and technologists at Sidewalk Labs - Alphabet Inc.’s urban innovation organization. Doctoroff will challenge us to re-imagine life in the big city, which includes improvements to social and community services, creating public spaces that are safer and more accessible, developing walkable, mixed use neighbourhoods that reduce housing and business costs. Its innate innovative spirit puts people first. It will demand new and disruptive thinking. It will necessitate new eyes and bold ideas to ensure the smart neighbourhood’s infrastructure and services provide the best value for money.
Infrastructure Ontario updated the market on its social procurement pipeline, followed by a panel discussion on best practices in managing public assets, including government’s real property.
Presenter: John McKendrick, Executive Vice President, Social, Infrastructure Ontario
- Sean Wiley, Divisional Executive Vice President, Realty Operations and Asset Management, Infrastructure Ontario
- John Fleming, Vice President and General Manager, Performance Based Infrastructure (P3), Americas Building Efficiency, Johnson Controls
- James S. Paul, President & CEO, Defence Construction Canada
Breakout Session 3C: Opening the Black Box: Understanding the Role of Rating Agencies Osgoode Ballroom
What methodologies and triggers do ratings agencies use to develop a project’s risk profile? How are adjustments made during the operational phase? This session will clarify and challenge the process from the perspective of several partners with a stake in P3 ratings.
Moderator: Shariq Alvi, Managing Director, Global Infrastructure Finance, CIBC Capital Markets
- Grant Headrick, Managing Director, Infrastructure Finance, DBRS Limited
- Paul Hughes, Senior Director, Cost Consulting & Project Management, Altus Group Limited
- Joey Comeau, Vice President, Capital Services, EllisDon Corporation
- R. Paul Tawfik, Director, Business Development, Johnson Controls
At a time of rapid economic change, Premier Wynne is betting on infrastructure. Her government’s historic investments in public infrastructure, boosted by the Alternative Finance and Procurement (AFP) model, are attracting global interest. As the Premier steps up her U.S. engagement in the midst of the NAFTA negotiations, what is she hearing from her American counterparts and why does she believe these investments will pay off in terms of Ontario’s long-term economic development and trade initiatives?
Interviewer: Diane Francis, Journalist & Author
Hon. Kathleen Wynne, Premier of Ontario
Much discussion has occurred in the past about the opportunities P3s can bring to First Nation communities. However, the answer may be found in solutions to the broader way in which all infrastructure is funded, financed, and procured on-reserve. This panel discussed concrete solutions on how the government can get smarter at tackling the infrastructure crisis in indigenous communities.
Moderator: Clint Davis, Partner and Managing Director, Acasta Capital
- Corrina Leween, Chief, Chesletta Carrier Nation and Vice-Chair, First Nations Major Projects Coalition
- Manny Jules, Chief Commissioner, First Nations Tax Commission
- Paul Bergman, Senior Vice President, Bird Construction
- Rolanda Elijah, Special Project Manager, Chippewas of the Thames First Nation
Salim Ismail, Chairman, ExO Works and Executive Director, Singularity University
Twenty-first century businesses built on predictability and efficiency are at greater risk of being left behind in an economy that will be driven by entrepreneurship and innovation. How will the digital and disruptive culture of this century impose new demands on the next generation of transformational infrastructure? Salim Ismail gave a provocative view of a future we haven’t yet imagined, a vision that takes you out of your comfort zone and pointed to solutions to problems we aren’t yet aware of.
With 60 provincial projects completed and almost 60 more in the planning, procurement and construction phase, Ontario has been Canada’s largest P3 market for close to three decades. In Newfoundland and Labrador, interest is growing in P3s with two projects in the health-care sector currently in the procurement stage, a third under construction and one starting procurement soon. The ministers will discuss their government’s infrastructure priorities and what’s next for the future of public-private partnerships in their jurisdictions.
Moderator: Jennifer Aument, President, Transurban North America
- Hon. Monte McNaughton, Minister of Infrastructure, Ontario
- Hon. Steve Crocker, Minister of Transportation and Works, Newfoundland & Labrador
Change is coming to the Energy sector with new technology, evolving customer expectations, volatile demand on the grid, and increased shocks to the system due to climate change. This session will examine what structural changes are needed to the sector, whether risk allocations are being maximized, and what opportunities there are to further involve the private sector in the delivery of energy.
Moderator: David McFadden, Counsel, Gowling WLG
- Ram Mahidhara, Chief Investment Officer, International Finance Corporation
- Brian Bentz, President and CEO of Alectra Inc.
- Ron Dizy, Senior Vice President, Partnerships and Managing Director, Advanced Energy Centre, MaRS
- Olivia Steedman, Managing Director, Greenfield Investments & Value Creation, Ontario Teachers’ Pension Plan
- Andrew Clark, Co-Founder & Co-CEO, Spark Power
After now 10+ years of operating P3 projects, the marketplace has firsthand experience at managing the risk of operations. With downward pressure to reduce bid costs by Project Co, is the Operator forced into a corner without enough room to maneuver when bad "stuff" happens? Will this continue or is there other ways to shape Project Agreements so that the Operators doesn't have to gamble with their future or add risk contingencies to future bid costs? Find out what industry experts know now that maybe they didn't fully understand when they bid the Project.
Moderator: Louise Panneton, Founder and President, P1 Consulting
- Sean Wiley, Executive Vice President, Asset & Contract Management, Infrastructure Ontario
- Paul Martin, Senior Vice President, Origination, Plenary Group
- Darryl Brown, Partner, Gowling WLG
- Claudio Andreeta, Director of Business Development, Johnson Controls
The Pacific Alliance is a regional initiative created by Chile, Colombia, Mexico and Peru to promote greater competitiveness and economic growth. Hear from senior officials about the infrastructure opportunities available in their respective countries and how P3 expertise will factor into their growing project pipelines.
Moderator: Jordan Schwartz, Director, Infrastructure, PPPs and Guarantees (IPG), The World Bank
- Alberto Ñecco, Executive Director, ProInversión (Private Investment Promotion Agency), Peru
- Mauricio Marquez, Head, Hospital Infrastructure Program, Concessions Department, Ministry of Public Works, Government of Chile
- Carlos Alberto Sandoval, Vice President, Structuring and Project Management, Financiera de Desarrolo Nacional (FDN), Colombia
Hon. François-Philippe Champagne, Canada’s Minister of Infrastructure and Communities
Minister Champagne discusses the role public-private partnerships can play in the government’s $180-billion Investing in Canada Plan to successfully and quickly deliver public transit and other key infrastructure projects that build sustainable and socially inclusive communities, drive economic growth and improve quality of life for Canadians.
From sophisticated data collection to transformed streetscapes, cities are ground zero for technological innovations that will change the way people live, work and play. This panel of global experts will look at what governments need to do to capitalize on and manage this high-speed change and where the private sector can best spark innovation.
Moderator: Kelly Gillis, Deputy Minister of Infrastructure and Communities, Government of Canada
- Gunnar Edwin Crawford, Head, Stavanger Smart City, Norway
- Ede Ijjasz-Vasquez, Senior Director, Social, Urban, Rural and Resilience Global Practice, World Bank Group
- Dr. Pamela Robinson, Associate Professor, School of Urban and Regional Planning, Ryerson University
Pierre Lavallée, President and CEO, Canada Infrastructure Bank
Mr. Lavallée outlines the mandate of the Bank and its corporate plans and strategies to enable innovative investments in transformational infrastructure projects. The Bank has $35 billion available to partner with private investors and provinces, territories, municipalities and Indigenous communities to build more much-needed infrastructure.
The Women’s Infrastructure Network profile the recipients of the 2018 Outstanding Leader and Emerging Leader Awards.
Joseph Mancinelli, International Vice-President and Central and Eastern Canada Regional Manager, LiUNA, the Labourers’ International Union of North America
Mr. Mancinelli discusses why he spearheaded the labour union’s almost $8-billion pension fund to make significant investments in P3 infrastructure projects across the country. A bold initiative that has meant the union’s 120,000 Canadian members — who work in construction, manufacturing and commerce, and the public service — are not only the backbone of creating and operating these much-needed infrastructure projects for their fellow Canadians, they also benefit from the strong returns these investments have generated.
Mark Bain, Chair, The Canadian Council for Public-Private Partnerships and Partner, Torys LLP
The Hon. John Manley, P.C., O.C., Honorary Chair, The Canadian Council for Public-Private Partnerships
Mark Romoff, President and CEO, The Canadian Council for Public-Private Partnerships
Chantal Sorel, Executive Vice President and Managing Director, Capital, SNC-Lavalin Inc. and Director, CCPPP
Hear the stories behind some of Canada’s leading projects at the 21st Annual CCPPP Awards for Innovation & Excellence in Public-Private Partnerships.
Hiccups happen in projects and sometimes they can seem insurmountable. When things go wrong . . . seriously wrong, having a P3 model in place — and a strong team behind it — can save the day, forging strong outcomes that are less likely in other procurement models and bringing projects back from the brink.
Moderator: Tim Philpotts, Partner and Senior Vice President, Infrastructure Advisory, Ernst & Young Orenda Corporate Finance Inc. and Director, CCPPP
- Joey Comeau, Senior Vice President, Capital Services, EllisDon Corporation
- Angela Clayton, Group Head, Buildings Division, Plenary Group
- Bill Bailey, Senior Vice President, Redevelopment & Facilities, Halton Healthcare Services
This session will discuss possible changes in procurement, risk allocation and financing to help improve P3 project delivery, from the design-build perspective.
Moderator: Sarah Clark, President & CEO, Fraser River Pile and Dredge (GP) Inc.
- Tim Heavenor, Chief Financial Officer, Graham Group
- Douglas R. Sanders, Partner, Public-Private Infrastructure Projects Group, Borden Ladner Gervais LLP
- David Jull, Senior Advisor, Transportation, WSP Canada Inc.
The market sounding provides an overview of grwoth in York Region, the record of success in delivering infrastructure projects and the opportunities for future transit proijects using a variety of delivery models.
The recent financial close on the Gordie Howe Bridge is a milestone for the first transnational P3 for Canada, carrying unique risks along the way. Learn more about the evolution of P3 bridge projects and find out how the lessons learned to date can be applied for future bridge projects and other asset classes.
Moderator: Brian Kelsall, Partner, Fasken
- Bryce Phillips, CEO, Windsor-Detroit Bridge Authority
- Nuria Haltiwanger, CEO, ACS Infrastructure
- Tom Barlow, Partner, Fasken
- Andrew Doctoroff, Senior Advisor to Rick Snyder, Governor of Michigan
What are the latest automated vehicle technologies in this ever-changing sector and what effects will they have on the way transportation networks are planned and deployed?
Moderator: Sarah Houde, Executive Director, Propulsion Québec
- Sharad Agarwal, Senior Vice President, North America, EasyMile
- Marko Kroenke, Head of Technology, Global Product Management, Bombardier Transportation
- Adam Blinick, Director, Public Policy and Communications, Uber Canada
What role can industry play in driving the move to automated vehicles and what policy and incentives does government need to implement to keep ahead of the curve in this globally competitive sector?
Moderator: Josipa G. Petrunic, Executive Director & CEO, Canadian Urban Transit Research and Innovation Consortium (CUTRIC)
- Karl Schober, Associate, Corporate Group, Dentons
- Mike Corby, Director, IBI Group
- Jim Lothrop, Director General, Innovation Centre, Transport Canada
Subways, light-rail transit, trains, streetcars and buses . . . The next generation of public transit projects are complicated, costly and closely watched by the public and government. They’re also vitally important for the livability, inclusivity and economic future of the world’s most densely populated cities. Panellists with responsibility for delivering transit projects worth billions of dollars will discuss the role of public-private partnerships in quickly bringing this critical infrastructure to life and in transferring risk successfully, as well as how to navigate some common challenges with projects of this magnitude.
Moderator: Chantal Sorel, Executive Vice President and Managing Director, Capital, SNC-Lavalin Inc. and Director, CCPPP
- Jon Lamonte, Chief Executive, Transport for Greater Manchester (TfGM)
- Amanda Farrell, President and CEO, Partnerships BC
- Ehren Cory, President and CEO, Infrastructure Ontario and Director, CCPPP
Dale Richmond receives the 2018 P3 Champion Award
Remarks from Dentons, Presenting Sponsor for Autonomous Vehicle P3s: Visions of the Future
Michael Ledgett, Partner, Dentons
Andreas Mai, Executive Vice President, Market Development & Innovation, Keolis North America
Mr. Mai's presentation detailed what the future impacts of autonomous vehicles will be on transportation networks and how these vehicles can solve ‘first mile’ and ‘last mile’ solutions by connecting passengers to existing public transit systems.
Indigenous communities across Canada have a critical need for new infrastructure, from clean drinking water to more housing to broadband connectivity, but face a significant backlog in funding these projects. The panel will look at potential new funding models being considered by the FNII in order to develop sustainable approaches made for and by First Nations that ensure a growing number of communities are able to invest and significantly partner in major resource and energy projects that create jobs, training, and economic benefits.
Moderator: Susie Henderson, North America Leader, Infrastructure Investment & Economics, GHD Advisory
- Jason Calla, Director, First Nations Health Authority
- Chief Corrina Leween, Cheslatta Carrier Nation
- Regional Deputy Grand Chief Joe Miskokomon, Anishinabek Nation
- Allan Clarke, Consultant, Allan Clarke & Associates
This panel of industry, government and legal officials have survived the full dispute resolution process and will focus on the hard lessons learned, as well as the differences in navigating disputes with a government partner. This “how to” discussion will include advice on maximizing chances of avoiding disputes and increasing the odds of winning.
Moderator: Tim Murphy, Executive Partner and Co-Chair, Aboriginal, Government Relations, Project Finance, Infrastructure and Energy, McMillan LLP
- Patrick Freer, Senior Vice President, Asset Management, Fengate Asset Management
- Agnes von dem Hagen, Vice President, Legal Services, Infrastructure Ontario
- Hagit Muriel Elul, Partner & Co-Chair, Arbitration Practice Group, Hughes Hubbard & Reed LLP
- Jason J. Annibale, Partner and National Co-Chair, Construction, McMillan LLP
The session provided an overview of the Jamaican PPP Programme, infrastructure development in the Jamaican health sector and improving access through private sector investment in the water sector. Followed by an audience Q&A.
Denise Arana, General Manager, Public-Private Partnerships & Privatisation Division, Development Bank of Jamaica Limited
The recently-issued Productive Development Law, establishes an adequate framework for providing legal security and incentives for private investment in Ecuador. Dollarization guarantees currency stability and eliminates the risk of sharp exchange-rate adjustments, which leads to a higher level of confidence by international investors. There are now clear rules and fiscal stability in the country. Quito offers the right conditions for investment and being ranked as the fourth safest city in Latin America (UNODC), contributes to its economic growth.
Alvaro Maldonado, Secretary of Productivity and Investment, Municipality of Quito
The government of Peru will grant in concession, for a period of 30 years, the Huancayo - Huancavelica Railway. This project, which will require an estimated investment of USD 240 million (IGV no included), will be co-financed by the State and involves the design, financing, civil works (rehabilitation and enhancement of a 128 km railway line), operation and maintenance. In addition, the new rolling stock must be purchased to ensure adequate service for both cargo and passengers. The project is currently in the transaction phase and will be awarded the first quarterly of 2019. Also, with the aim of improving connectivity between the cities of the coast, the government of Peru has planned to request project proposals for two railways: Barranca-Lima-Ica (324 km) and Trujillo-Chiclayo (229 km) with an estimated investment of USD 3.2 billion and USD 2.2 billion, respectively.
Alberto Ñecco Tello, Executive Director, ProInversion ((Private Infrastructure Promotion Agency), Peru
The FNMPC has developed a first-of-its-kind First Nation led project support model designed on a commercial basis to unite the interests of private industry and First Nations concerning the delivery of economic infrastructure. Highlighted within this model is the FNMPC pilot project Kenney Dam Hydroelectric. This market sounding will cover the anticipated finance and construction needs of Kenney Dam Hydroelectric as the project advances with four First Nations and BluEarth Renewables.
Niilo Edwards, Executive Director, First Nations Major Projects Coalition
The Market Sounding provided an overview of how to tap into the unique opportunity of infrastructure financing within the Argentine PPP framework.
Tomás Darmandrail, National Director of Executive Coordination for PPP, Ministry of Finance, Argentina
Invest in Jamaica video
The governor discussed how his government is working closely with the private sector to renew the Puerto Rican economy and quickly rebuild after Hurricane Maria made a deadly direct hit on the island a year ago, severely damaging the electrical grid, housing, roads and ports. This transformation will require the island to innovate and rethink its traditional ways of operating, presenting new opportunities for future growth and competitiveness.