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Kiev will host the Infrastructure Investment & PPP Finance in Ukraine 2008 on the occasion of the 5th Pan-European PPP Forum.
Introductory Comments
When it comes to infrastructure financing, Public-Private Partnership re-defines the relationship between the public and private sectors. It has been expanding rapidly over the last 10 years in Central, Eastern and South Eastern Europe. The public and local authorities make full use of PPP in view of the budgetary constraints they have to face. In so doing, they can benefit from private sector know-how as well.
On the other hand, PPP offers the parties the most cost-effective venture, enabling savings at all the stages of a project. The development of PPP also forms part of the changing role in the economic sphere, as the public sector moves away from being a direct operator towards the role of regulator and controller.
PPP and PFI will continue to grow in the Region, as major and medium-sized infrastructure projects develop further. PPP is now also in Ukraine, Caucasus and CIS countries, a valuable infrastructure finance option available, along with more competitive traditional loans or IFI’s grants.
Objectives
Municipalities, Local Authorities, Regions and other local policy makers are facing increasing difficulties in allocating their limited revenue raising capacities and borrowing power in financing infrastructure needs.
With the EU accession process moving forward in South Eastern Europe, Caucasus and the CIS, new opportunities are emerging in infrastructure projects for big players and companies from the banking, investing, rating, consulting, legal, utilities, real estate and construction sectors.
The partnership route − mainly PPP and private equity − is becoming more and more attractive compared to the traditional procurement of funds (bank loans, IFIs grants, etc).
On the other hand, financiers, private equity firms and investment banks are exploring the latest developments in the secondary market and refinancing needs. Indeed the burgeoning pan-European PPP market is beginning to offer attractive investment opportunities in terms of asset class and income ratio − particularly in the new frontier markets features in this Forum.
The aim of this Forum is thus to examine how the experience of European Union and other Western countries applies to Ukraine, CIS and Caucasus countries in infrastructure finance. Experts will discuss what are the pre-requisites for successful outcomes and the principles observed for financing local Government and Regions initiatives through PPP models.
Who should attend?
The Forum programme is intended primarily for senior decision-makers from Ukraine, Caucasus and CIS markets. It will also have a particular appeal to many South Eastern Europe countries and the Balkans. Not least, other EU interested parties and several Mediterranean Rim countries are included within our target audience.
The agenda of the Forum is specially designed: for senior elected Officials and civil servants working for Ministries of Economy, Finance, Transport, Energy, Municipal and/or Social development, Environment; for representatives of specialized institutions that lend to local and/or regional entities: also for mayors, chief financial officers and municipalities; senior representatives of urban utilities; representatives of public and private sector financial institutions; advisors, legal firm, senior staff and managers working for multilateral and bilateral development institutions.
Private sector representatives from the banking, investment, legal, consulting, engineering, utilities, real estate and construction sectors amongst other will be included.