Event Schedule...Perhaps more so than in any other transportation sector, successful airport P3...

Event Schedule

AGENDA: MONDAY, JULY 24, 2017

Pre-Summit Activities

7:00 AM – 9:00 AMSummit Check-In & RegistrationGrand Hall Foyer

7:30 AM – 9:00 AMP3 101 Breakfast (Open to Owners & Airport Attendees Only | Advanced Registration Required)Grand Ballroom А

Join industry leaders for breakfast and an interactive conversation specifically tailored to the needs of airport authorities evaluating P3s. This pre-summit session is designed for those beginning to explore P3s, helping them understand where P3s can be applicable; and how they can save money and time when dealing with upgrades, repairs, and maintenance. Learn when P3s do or do not make sense, and what major considerations need to be made once choosing this route, including the first steps.

Presenters:Alfonso Barona, Corporate Development Director, Ferrovial AeropuertosJack Callahan, CPA Partner, Construction Industry Practice Leader, CohnReznick LLPMike Cheroutes, Director, Colorado Center for Infrastructure InvestmentBryan Kendro, Vice President of Project Development, Star America Alistair Sawers, Vice President and Leader of P3 Advisory Services, TransystemsLouis Wolinetz, Principal Consultant, Advisory Services, WSP USA

Please confirm your attendance by emailing Lisa Buglione at [email protected]

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Formal Summit Activities

9:00 AM – 9:20 AMSummit Start: Welcome & Opening RemarksGrand Ballroom D

Guests are welcomed with an introduction to the Summit program, a thank you to our sponsors and event partners, and a special welcome by Kimberly Becker, newly appointed President/CEO of San Diego County Regional Airport Authority.

9:20 AM – 9:50 AMKeynote Address: Deborah Flint, Chief Executive Officer of Los Angeles World AirportsGrand Ballroom D

Ms. Flint was appointed Chief Executive Officer of Los Angeles World Airports (LAWA) in June 2015, with oversight of Los Angeles International (LAX) and Van Nuys (VNY) general aviation airports. Her responsibilities involve managing the largest public works project in the history of the City of Los Angeles.

Ms. Flint will share her plans to deliver a world-class transportation system to LAX through the estimated $6 billion P3 Landside Access Modernization Program in what will be the largest public-private partnership procurement in the history of California.

10:00 AM – 11:00 AMAligning Client, Airline, and Developer Perspectives on the LaGuardia Project Grand Ballroom D

Over the next five years, U.S. airport authorities and governments will be looking closely at a number of different models for redevelopment of $100 billion in airport infrastructure. One recent example stands out: the DBFOM P3 redevelopment of LaGuardia’s Central Terminal B. What motivated the Port Authority to select the model? How did involving the developer and operator early on in the process result in innovative solutions? And what is the perspective of the airlines, as critical stakeholders in the process? This panel brings together senior representatives of all three key components to examine this groundbreaking project.

11:00 AM – 11:30 AMNetworking Coffee BreakExpo Hall

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MONDAY, JULY 24, 2017

Panel:George Casey, Chair and CEO, Vantage Airport GroupPatrick Foye, Executive Director, Port Authority of New York and New JerseyYoung Lee, Partner, OrrickMike Minerva, Vice President of Government and Airport Affairs, American AirlinesBob Montgomery, Vice President of Airport Affairs, Southwest Airlines

11:30 AM – 1:00 PMInteractive Roundtable DiscussionsGrand Ballrooms A&B

A series of interactive roundtable conversations on critical P3 topics. Each conversation will last approximately 25 minutes, and during the 90 minute session attendees will be able to participate in 3 different discussions. Roundtable conversations are meant to be informal, candid exchanges where participants can ask their questions and concerns, share experiences, and network. Presenters will guide discussions by bringing up case studies, targeted issues, and topics impacting the current P3 landscape.

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• Table 1: P3 Delivery: Is It Right For My Airport Project?This roundtable will discuss what a P3 delivery method is and equally important, what it is not. There are many different perspectives and misconceptions regarding P3 delivery which we will consider. Airports are complex operations requiring the balancing of many different interests: private sector tenants, federal government regulators and agencies, public sector accountability, local state and federal politics just to mention a few. We will discuss key points an Airport Owner/Operator should take into account when considering a P3 delivery method for their airport project. Finally we will discuss an evaluation process dealing with both qualitative and quantitative considerations to determine if a P3 delivery method is right for your project.

Facilitator: Clay Paslay, President, Paslay Management Group

• Table 2: Set Your Aviation P3 Up for Procurement SuccessAre you considering a P3 delivery for your new airport facility, but not sure where/how to start? Concerned about attracting private sector interest? This roundtable will address pre-RFP activities for an airport / aviation authority to consider along with a procurement road map to follow.

Facilitator: Geoffrey Stricker, Managing Director, Edgemoor Infrastructure & Real Estate

• Table 3: How to Achieve Success with an Airport P3? Begin by Understanding the AirportPerhaps more so than in any other transportation sector, successful airport P3 projects depend on how well existing, well-tested P3 models can be adapted to the needs of a particular airport project, especially because of the unique regulatory and commercial realities of the domestic airport sector. In this roundtable we will role-play model projects from the perspectives of both the public and private sectors to see how P3s can succeed in helping airport sponsors address critical infrastructure and service needs. We will focus on the regulatory imperatives, such as revenue use/diversion, unjust discrimination, exclusive rights, and airline contractual rights, that are unique to the industry and which, if not considered and addressed at outset, could result in a failed project.

Facilitators: Adam M Giuliano, Partner, Kaplan Kirsch & Rockwell LLP Stephen H. Kaplan, Partner, Kaplan Kirsch & Rockwell LLP


• Table 4: International Models for P3 - Which One is Right for You?In the United States, only a few airports have adopted a P3 model. This roundtable discussion explores Aviation P3 best practices at other airports in the Americas and around the globe.

Facilitators: Jenny Buckley, Associate Principal, Arup Regine Weston, Project Director and Principal, Arup

• Table 5: Piloting Your Way to Success! Project Champions on the Owner’s SideThis roundtable will address the role that often falls to agency officials when they are tasked with bringing to life the vision of political leaders. P3s are a complex model that create tremendous opportunities in the airport sector. Recent examples include LaGuardia central building terminal modernization, LAX landside program, San Diego Airport and Westchester County. We will discuss how public and private proponents can encourage/educate airport executives, boards, and politicians to stimulate consideration of P3 and avoid the pitfalls that often come from misunderstanding the alternative project delivery mechanism.

Facilitator: Louis Wolinetz, Principal Consultant, Advisory Services, WSP USA

• Table 6: Airport Credit Profile: Do P3s and Private Project Financings have an Impact?Do P3s or project financings affect an airport’s credit profile? What has been the experience to date? What concerns do airport investors have when airports utilize alternative project financings? How does the risk profile of certain projects change between public and private ownership? This roundtable will focus on these questions and provides an opportunity to chat with a ratings analyst who will discuss his approach to evaluating a P3 project’s impact on credit rating.

Facilitator: Kurt Krummenacker, Senior Vice President/Manager, Moody’s Investors Service, Inc.

• Table 7: What Makes a Good P3 Project, and How to Start Not every project can or should be delivered as a P3. Before initiating procurement for a P3 project, airport stakeholders typically undertake a business case analysis to determine whether a P3 is likely to yield higher public benefit than a more traditional procurement method. As the US P3 industry develops, airports have had to adapt international evaluation methods to fit US market characteristics and regulatory requirements. How are US public agencies determining the optimal delivery model for their projects? What is the value proposition for a P3? What are the unique stakeholder concerns that must be anticipated? How can you determine whether a project is suitable for P3? What obstacles are hindering the P3 market? This questions will be considered in depth in an interactive discussion with the audience, so please come, learn and participate!

Facilitators: Anthony W. Loyd, P.E., Vice President, Principal, Jacobs Engineering Group Inc.

• Table 8: Why Aren’t P3s or Alternative Delivery Mechanisms More Commonly Used in the US Market? Despite advances in the tools to support such delivery methods, such as federal credit enhancement or credit support, a low interest rate environment, significant needs for replacement, renewal or rehabilitation, and an increased ability and interest to commit equity at financial close, we still do not see many projects delivered under these mechanisms. Hear what decision makers have done to mitigate obstacles to P3s, and which barriers proved the most challenging. What factors are at play with the public agencies, staff,


legislators, regulators, and overseers that are not palpably obvious? Is there a fundamental mistrust of the ability of the private sector to deliver on their commitments? Is it giving away control of essential public assets? Are there concerns about the longevity of private operators, maintainers, developers and contractors? Is there a fear about the pioneering nature of such mechanisms, the complexity of legal, procedural and procurement steps that will need to occur? Is it the lack of a long track record of actual accomplishments in P3s in the airport sector, or the restrictions of the FAA Privatization Program or Grant Assurances? Is there a concern that not enough bidders will show up in a competitive procurement, or that the preferred proponent will earn excessive profits that a better negotiated deal would not have given away?

Facilitators: Yuval Cohen, Principal, Jacobs LeighFisher Brett Simon, Principal Consultant, LeighFisher

• Table 9: Influence of Design Within the P3 ProcessInnovative design is frequently the deciding factor in a successful P3 bid. This session explores the impact of design strategy (Planning, Engineering, Architecture) on the outcome of a P3 process. Our facilitator will share extensive experience on this subject and discuss the different and significant ways that design influences the operations, construction and the functionality of the facility; points which will be discussed in relationship to cost, schedule and performance.

Facilitators: Pamela Griffith-Jones, CEO, Nieuport Aviation Stanis Smith, Executive Vice President, Stantec

• Table 10: Airport P3s: Benefits Beyond FinancingIn today’s world of high liquidity, financing for P3s tends to pose less of a challenge for airport authorities and bidders. However, the P3 model for airports offers more than just funding. In a flexible way it can provide solutions that add expertise, drive innovation and allocate risk while appropriately balancing levels of control and recognizing the complexity of airport projects. Join the discussion around tapping into the P3 benefits-beyond-financing for airports.

Facilitator: Filip Lemmens, Senior Director, Acquisitions and Asset Management, Vantage Airport Group

• Table 11: Common Pitfalls in P3 – Tales from the TrenchesGreenfield DBFM/DBFOM procurements are complex, lengthy, and typically a new experience for many of those involved on the side of the public sector client. As such, there are many elements that can contribute to a more or less efficient, more or less competitive, more or less successful procurement; most of which can be addressed effectively through adequate preparation. A procurement that is demonstrably set up to navigate these challenges successfully and efficiently will maximize the private sector bidders’ and local stakeholders’ confidence in the procurement process and thereby generate the highest level of competition possible. This roundtable explores some of the common pitfalls in DBFM/DBFOM procurements and how they can be avoided, all based on real-life examples and experience from different projects around North America and other parts of the world.

Facilitator: Thilo Tecklenburg, Chief Operating Officer North America, Meridiam


• Table 12: Maintaining Control of My P3 Project: A Public Owner’s PerspectiveMany owners have expressed concerns about how they will maintain control over the process and outcomes for their Airport P3 project: maintaining customer service, achieving schedule and budget objectives, preserving stakeholder objectives and flexibility, while also reaping the benefits of the P3 delivery method. This round table will discuss strategies and techniques from the owner’s perspective for planning, with the objective of achieving predictable outcomes.

Facilitators: Kent Dussom, Senior Project Manager, AECOM Ken Johnson, Executive Vice President, Hunt Construction

• Table 13: From Idea to Implementation: The Role of a Project Champion in Building Internal PartnershipsBetween the idea for a P3 project and ribbon cutting lie many obstacles. P3 projects are still new and different to many. They require new processes, new ways of thinking, new legal and financial models, and new risks. They change the politics of building at an airport. A project champion is essential to navigate those obstacles and build a team and a process that will maximize the chances for success. The project champion must understand enough about both the traditional process for airport construction and the new opportunities offered by the P3 model to bridge those worlds and help the project adapt and remain flexible as airport needs change through the design and implementation phases. This roundtable is designed to empower potential project champions to build the internal partnerships needed to take a project from idea stage to implementation.

Facilitators: MacAdam Glinn, Esq., LEED AP, Senior Vice President, Skanska USA Building Inc Dwight Pullen, Senior Vice President, National Director of Aviation, Skanska USA Building Inc

• Table 14: Effective Industry Engagement During the Procurement Process This roundtable is designed to explore how effective engagement with industry can lead to better RFP documents, better competition and – ultimately – better value for money. We will discuss the benefits and processes related to various innovative procurement tools, including one-on-one meetings, alternative technical concepts, written Q&A, aesthetic review processes, etc.

Facilitator: Brandon Davis, Partner, Nossaman LLP

• Table 15: Protecting your Interests through Owner RepresentationP3 projects are unique and complex requiring skill sets and expertise not normally found within an owner’s organization. Seeking the advice of highly experienced professionals who bring global P3 perspectives will yield significant value in the long-run. If you’re an airport or airline representative and are seriously considering P3 delivery for the first time this roundtable is for you. Hiring an owner’s representative team comprised of project management, construction management and design management will provide you and your leadership with confidence that your interests are being looked out for and protected. We will discuss approaches and specific steps to take in order to structure and time the hiring of your Owner’s Rep team.

Facilitators: James Berry, Global Aviation Sector Leader, Woods Bagot Carsten Voecker, Director and Regional Chair, North America, Woods Bagot


• Table 16: Airport P3 With or Without Transfer of Operations, a Comparative Case StudyAirport owners or decision makers may feel reluctant with P3 implying the transfer of operations & revenues to the SPV company. But does Airport P3 always imply surrendering the airport operations and collection of revenues? Compare the two models with or without transfer on real implemented cases. When one is more than the other, key decision triggers and success drivers for bankability.

Facilitator: Eric Fleurisson, Executive Director, Airport Development, Bouygues Construction

• Table 17: Operational P3s: Lessons Learned from International Operations that can Benefit USAirports This table will address the best practices and lessons learned from active P3 projects in both the construction and operation phases from abroad. The facilitator will discuss key considerations in developing and implementing P3 airport projects, including some ideas to develop concepts that might work for your upcoming project.

Facilitator: Gonzalo Velasco Zabalza, Portfolio Management Director, Ferrovial Airports

• Table 18: Airport P3 Financing ConsiderationsThis roundtable will discuss P3 financing strategies that owners and sponsors need to consider in today’s market, including structure considerations that may impact a financing. The roundtable will also discuss equity, taxable, tax-exempt bonds and bank solutions, as well as the increasing interest from domestic and international investors and how owners can harness this increased interest to enhance the delivery of their project.

Facilitator: Jorge S. Roberts, Head of Business Development, CCR USA Marc McGrady – Director – Business Development, CCR USA

1:00 PM – 2:00 PMNetworking LunchExpo Hall

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2:00 PM – 3:00 PMComparative Analysis and Value for Money DecisionsGrand Ballroom D

For large infrastructure development projects, the increasing best practices trend is to perform a comparative analysis of project delivery options before locking down on the approach most suitable to achieve a project owner’s objectives and requirements. Sometimes called a Value for Money (VfM) analysis, this comparison evaluates quantitative and qualitative factors inherent in each option. In this session the panel will discuss the benefits of a VfM analysis, the critical factors that drive such an analysis, and how airport authorities can utilize a Value for Money analysis to determine the best delivery method for their projects.

Moderator:Geoffrey Yarema, Partner, Nossaman LLP

Panel: John Dillon, Director, Financial Management, San Diego International AirportDeborah Flint, Chief Executive Officer, Los Angeles World AirportsPatrick Foye, Executive Director, Port Authority of New York and New Jersey

2:00 PM – 3:00 PM Opportunities to Innovate and Implement Operational Best PracticesGrand Ballroom C

Today, many airports are diverse commercial businesses. As a result, effective asset management and adoption of innovation are increasingly important to modern airports. This discussion will focus on how private sector innovation and diverse commercial experience has benefited airport operations using the P3 model.

Moderators:Jenny Buckley, Associate Principal, ArupRegine Weston, Project Director and Principal, Arup

Panel: James Burchetta, Senior Vice President, Infrastructure Investing, Oaktree Capital Management, L.P.James Cherry, recently retired CEO, Airport de Montreal Gert-Jan de Graaff, President & CEO, JFK International Air Terminal, LLC


3:15 PM – 4:15 PM How to Implement Airport Projects Through a P3Grand Ballroom D

This session provides best practices and lessons learned from the development of airport projects through a P3. A group of owners, airline stakeholders, and private sector airports will discuss key considerations and case studies in implementing P3 projects, including development of performance specifications, dispute resolution approaches and risk allocation between the private and public partners. The panel will also address a range of topics, including: why P3 delivery best meets the Owner’s goals for the project; the key features of the procurement process; innovative financial structures; risk allocation and mitigation; how political risk can be managed with outreach and stakeholder management; and potential challenges in the operations and maintenance phases.

Presenters:Steve Morris, Global Vice President Aviation, JacobsAmit Rikhy, President and CEO, CCR USAJulie Weinberg, Director, Program Development, Denver International Airport

3:15 PM – 4:15 PM The Structure is Key – 360° Considerations for Successful Airport P3sGrand Ballroom C

We bring together in this session key stakeholders and private sector experts to discuss important ingredients of a successful structure for airport P3 projects. The panel will review lessons learned from past projects and assess the applicability of various models for different types of airports. Stakeholder engagement and the determination of how value-for-money can be achieved will be key aspects of such assessment. Public and private sector representatives will additionally compare notes on what they view as key elements of the risk transfer. Given the complex nature of airport infrastructure assets, key interface issues and important regulatory issues will also be discussed.

Presenters:Richard Kennedy, President & CEO, Skanska USA BuildingGavin Malloy, VP Corporate Real Estate & Environmental Affairs, United AirlinesEric Richards, Partner, O’Melveny & Myers LLPThilo Tecklenburg, Chief Operating Officer North America, Meridiam Infrastructure

4:30 PM – 5:30 PMP3s from the Owners Perspective Grand Ballroom D

This session features panelists who have either been through a P3 transaction, are in the process of a solicitation, or are contemplating a P3 development. They will share their experience including questions related to why they considered and choose a P3, how they got started, what lessons they learned during the process, and what they would do differently. The audience will also hear from the government side on


the San Juan transaction four years after the financial close of the privatization pilot program. Providing insight on whether it’s working out for the government, and how the anticipated benefits materialize. Lastly the panel will provide recommendations and tips for other airport owners who may be considering a P3 transaction.

Moderator:Sheri Ernico, Director, LeighFisher

Panel:David Graham Long, A.A.E., Deputy Director – Properties & Commercial Development, Kansas City Aviation Department David Kagan, Assistant Director, Commercial Properties Development, The Port Authority of New York and New JerseyOmar Marrero, Executive Director of the Puerto Rico Public Private Partnerships Authority and Puerto Rico Ports AuthorityBrian Mulcahy, Director of Finance, Des Moines Airport Authority

4:30 PM – 5:30 PMMastering the Art of P3 AirportsGrand Ballroom C

A session exploring how P3s can be structured to enhance the quality of the terminal and the passenger experience while still meeting financial and risk-transfer objectives. Lessons will be drawn from the real-world experience of completed airport projects and those still in progress. Presenters will focus on the only two recent P3 airports in North America to have achieved financial close (LaGuardia Central Terminal B and Iqaluit), and on successfully completed airport P3s around the world. This session will appeal to owners, airlines, developers and designers as it examines opportunities and challenges and candidly discusses the pros and cons of the P3 model.

Presenters:Filip Lemmens, Senior Director, Business Development, Vantage Airport GroupStanis Smith, Executive Vice President, Stantec

5:30 PM – 7:00 PMOpening Night Welcome ReceptionExpo Hall

Join us at this special evening networking event for all Summit attendees. Meet with speakers, exhibitors, and Summit delegates.

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7:00 AM – 8:30 AMConference Networking BreakfastExpo Hall

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7:00 AM – 10:00 AMSite Tour - Central Receiving and Distribution Center at the San Diego International AirportAdvanced Registration Required | Meet in Lobby of Manchester Grand Hyatt Hotel for Shuttle Pickup

Come see the first CRDC to be delivered by a Public-Private Partnership.

We will host a limited number of P3 Airport Summit attendees for a tour of San Diego International Airport’s LEED Gold certified CRDC. Join representatives from San Diego International Airport, C&S Companies, AFCO, and Bradford Logistics for a 75-minute facility tour.

Tour participants will see its operations, learn the history of the project, and participate in a moderated dialogue with peers on logistics strategies.

Tour #17:00 am: Shuttle bus leaves from Manchester Grand Hyatt San Diego Hotel8:45 am: Shuttle bus leaves the CRDC facility back to Hyatt

Tour #2: 8:00 am: Shuttle bus leaves Manchester Grand Hyatt San Diego Hotel9:45 am: Shuttle bus leaves the CRDC facility back to Hyatt

We are limited in the number of tour participants and advanced registration is required.

Please RSVP by email and express your preference for Tour 1 or Tour 2 to: [email protected]

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TUESDAY, JULY 25, 2017

8:30 AM – 9:30 AM Lessons from US Airport P3s: Current and Prospective ProjectsGrand Ballroom D

A closer look at US airport P3s under construction: including the LaGuardia Central Terminal Expansion and the Luis Muñoz Marín International airport modernization and expansion program. This morning panel will encompass diverse viewpoints from owners, advisors, concessionaires, and operators; and in their discussion will also review major P3 projects being advanced at San Diego, LAX, and St. Louis airports.

Moderator:Karl Reichelt, Senior Managing Director, AECOM Capital

Panel: James Burchetta, Senior Vice President Oaktree Mariano Diaz-Bonilla, Bid Director, Skanska InfrastructureKent Dussom, Senior Project Manager, AECOMOmar Marrero, Executive Director, Puerto Rico P3 Authority

8:30 AM – 9:30 AM Airport Terminal Redevelopment – How to Build a P3 Program that FitsGrand Ballroom C

Every P3 is different, although they all have some common base benefits. Airports in the U.S. are, by nature, “public-private partnerships” between the public entity owner and the private airlines and concessionaires whose partnership is critical to the success of the airport. Airport terminal redevelopments, in particular, involve revenue producing infrastructure with a complex array of public and private stakeholders and a myriad of risks, all elements that make airports uniquely suited for the P3 project delivery method. Hear from worldwide industry experts representing airline, operator, investor and legal perspectives on how the traditional P3 project delivery can be adapted to the ‘no one size fits all’ world of airport terminals so that airport authorities and airlines can maintain control over the airport’s strategic functions while benefiting from the innovation, risk transfer and single point of accountability that are hallmarks of P3 developments.

Moderator:Bill Eliopoulos, Partner and Chair, Infrastructure/P3 Practice Group, Rutan & Tucker, LLP

Panel:Marie-Liesse Marc, Vice President, Acquisitions and Asset Management, Vantage Airport GroupMike Marasco, Chief Executive Officer, Plenary ConcessionsBill Marticorena, Partner, Gov & Reg Law Section, Infrastructure/P3 Practice Group, Rutan & Tucker, LLPSteve Sisneros, Director of Airport Affairs, Southwest Airlines


8:30 AM – 9:30 AMAttracting the Right Partner: Best Practices for Procuring Successful Airport P3sGrand Ballroom A

Building a successful P3 pursuit/project team starts with understanding the desired commercial outcome and the different ways of achieving it. In building a team of P3 consortium partners (developers, equity partners, operators, contractors and service professionals), airport sponsors must understand what a PPP procurement process is, how it differs from traditional procurement processes and how to attract the right PPP team for your project. At the same time, consortium partners must take steps to ensure the development of an effective team, and understand the differences between P3 and normal project pursuits. Join us for a lively session where seasoned experts representing airport owners and P3 teams will provide best practices and lessons learned in procuring successful P3 projects.

Moderator:T. J. Schulz, President, ACC

Panel:Roddy Boggus, Vice President, Suffolk ConstructionTina Iftiger, Vice President of Airport Economic Development, Reno-Tahoe Airport AuthorityAmit Rikhy, President and CEO, CCR USALisa B. Rorden, Assistant City Attorney, Denver International AirportJim Smith, Executive Director, Austin Bergstrom International Airport

9:45 AM – 10:45 AM Comparison of Alternative Delivery Models Grand Ballroom D

This session looks in detail at alternative delivery models and analyzes how they’ve been applied. Our panel will compare and contrast three types of alternative delivery models: progressive design-build, availability payment, and revenue concession, and examine their respective suitability for airport capital projects.

Moderator:Patrick Harder, Partner, Nossaman LLP

Panel: Roger A. Johnson, Deputy Executive Director of Airports Development, Los Angeles World AirportsDavid Kagan, Assistant Director, Commercial Properties Development, The Port Authority of New York and New JerseyDaniel S. Reimer, Assistant General Counsel, Denver International Airport


9:45 AM – 10:45 AMBeyond the Terminal P3: CONRACS, Cargo, Fuel Facilities, FBOs Grand Ballroom C

Airports offer the possibility for private development beyond the large scale, headline-grabbing, passenger-facing terminal projects. Cargo facilities, fuel facilities, baggage handling equipment, general aviation, and rental car facilities have all accessed capital markets for funding. The financing structures utilized carry varying degrees of risks and they continue to evolve. This panel will explore: What are the advantages of specialized project financings? (i.e. ability to operate outside of the FAA privatization program, specialized services). Do we expect to see more in the future? What lessons learned have been applied to new projects? Do these unique projects only work at large hub airports, or can they be applied anywhere? Are these projects driven by the airlines or car rental companies and what buy-in is needed? Does the growing trend of whole terminal or whole airport privatization crowd out the ability to pursue these limited scope projects? Does completing one of these projects lead to future ones or are these one-time deals? What are the barriers or impediments to private financings at airports? What are some of the airport sponsor concerns with carve-out projects? What are the credit implications of these projects on the airport? And how do ratings agencies evaluate the credit quality of these projects?

Moderator:Earl Heffintrayer, CFA, Vice President – Senior Analyst, Moody’s Investors Service

9:45 AM – 10:45 AM Balancing the Tensions – Legal, Financial and TechnicalGrand Ballroom A

There is always a tension between the legal, technical and financial aspects of a project regardless of the selected project delivery approach. This tension is heightened as the delivery shifts from traditional delivery approaches to a Design-Build-Operate-Maintain and a P3 approach. The Owner’s goals for investing in the project are the driver to optimally balancing that tension. The discussion will focus on the push-pull that exists between the legal, technical, and financial aspects by examining Airport Access programs where the purpose of the investment (regardless of the delivery method) is to deliver a critical operating asset that provides reliable, time certain transportation service.

Moderator:Sanjeev N. Shah, P.E., Esq., Chief Strategy Officer, Lea+Elliott, Inc.


Panel:Rosiemari Andolino, ‎CEO and President, Manchester Airport Group - USABob DeMichiel, Managing Director, Citigroup Global Markets Inc.Kyle Vinson, Vice President, Goldman Sachs

Panel:Eduardo Angeles, Esq., Senior Assistant City Attorney, Los Angeles City Attorney’s OfficeCatherine Cronin, P.E., Program Director, Newark Redevelopment, Port Authority of New York & New JerseyRyan Yakubik, Chief Financial Officer, Los Angeles World Airports

10:45 AM – 11:15 AMNetworking Coffee BreakExpo Hall

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11:15 AM – 11:45 AMKeynote Address: Jane Garvey, North American Chairman of MeridiamGrand Ballroom D

Ms. Garvey is the former Administrator of the Federal Aviation Administration (FAA) after earlier positions as Deputy Administrator of the Federal Highway Administration (FHWA), Director of Boston’s Logan International Airport, and Commissioner of the Massachusetts Department of Public Works. In 2008 she served on the Transition Team for President Barack Obama with a focus on transportation policies. She currently Chairs the Board of the Bipartisan Policy Project in Washington, D.C. and United Airlines.

Moderator:Eric Richards, Partner, O’Melveny & Myers LLP

12:00 PM – 1:00 PM LaGuardia Central Terminal B: Financing the Largest Aviation P3 in AmericaGrand Ballroom D

Financing an aviation P3 is different from many other types of infrastructure projects. It involves deep understanding of rates and charges methodologies, airline and concession revenue streams, growth projections, airline involvement, construction in a congested live environment, and ongoing terminal operations. In this session stakeholders involved in delivering the LaGuardia Central Terminal B project share the complexities, risks and rewards involved in financing the largest aviation P3 in America, and how the very competitive financing solutions provided in this project can benefit future aviation P3s.

Moderator:Francis Sacr, Managing Director, Société Générale

Panel:Elizabeth M. Dubeck, Partner, O’Melveny & Myers LLPSeth Lehman, Senior Director, Fitch RatingsFarhad Soltanieh, Investment Director, Skanska Infrastructure Development Stewart Steeves, CEO, LaGuardia Gateway Partners


12:00 PM – 1:00 PM Airports Coming of Age – What’s Over the Horizon and What Assets Make Sense for P3Grand Ballroom C

Consumer expectations and travel needs have evolved. Learn how modern aviation keeps pace. There have been terminal modernizations, full airport redevelopment, and single-operator facilities, including cargo and carrier specific terminals. The range of opportunities is much broader with P3s in the airport sector. Airports have begun to explore delivery of next level facilities and services, from terminals to landside development, from retail to movement. To assist airport administrators and authorities with understanding how revenue-based models can work, and how to manage their airline agreements and FAA grant assurances, participants will hear from professionals from the public and private sectors who deliver value through P3s in the airport sector. These cutting edge transportation facilities and traveler experience centers can learn a lot from transit and other people-centered infrastructure, from planning and design to construction management and utilities planning to easing airport access and integration with terminal operations.

Moderator:Jeffrey P. Fegan, Former CEO of Dallas/Fort Worth International Airport, Current CEO of JeffFegan.com Panel: April Boling, Board Chair, San Diego County Regional Airport AuthorityDan Filer, Vice President, Ferrovial Bryan Kendro, Vice President of Project Development, Star America Dwight Pullen, Senior Vice President, National Director of Aviation, Skanska USA Building Inc.Louis Wolinetz, Principal Consultant, US Advisory Services, WSP

12:00 PM – 1:00 PM Unleashing Value at Airports and TerminalsGrand Ballroom A

Airport owners and operators are continuously challenged to find better ways to effectively manage their infrastructure assets. New alternative approaches through public-private partnerships have demonstrated numerous benefits by airport management companies in airport P3 projects. This session will focus on strategies applied by the private sector that maximize productivity of the infrastructure assets to the benefit of airport owners and the airlines. By achieving new operational efficiencies like maximizing aeronautical and commercial revenues, increasing capacity through better gate management (rather than CAPEX), and lowering operating costs; a well structured P3 can generate long-term value and savings resulting in increased capacity, efficient aeronautical fee structures, and enhanced value for money. Participants in this panel include owners and operators and will explore perspectives from both sides of the transaction.

Moderator:Larry Belinsky, Managing Director, Frasca & Associates, LLCPanel:Kate Flanagan, Manager, QICSteve Martin, Chief Commercial Officer, Vantage Airport GroupChuck Stipancic, Jr., President and Chief Executive Officer, AFCO/AvPortsDavid-Olivier TARAC, Managing Director of ADP International Americas LLC, Groupe ADP


1:00 PM – 2:30 PMNetworking LunchExpo Hall

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2:30 PM – 3:30 PM Why the “F” in DBFOM?Grand Ballroom D

Private financing is a key feature of DBFOM projects. However, airports generally have robust balance sheets and strong credit ratings. This panel will discuss the value proposition of private financing, the “F” in DBFOM.

Moderator:Yukiko Kojima, Partner, Nossaman, LLP

Panel:Larry Belinsky, Managing Director, Frasca & Associates, LLCEmma Griffith, Director, Global Infrastructure and Project Finance, Fitch RatingsGisela Shanahan, Chief Financial Officer and Executive Vice President, Denver International Airport Ryan Yakubik, Deputy Executive Director and Chief Financial Officer, Los Angeles World Airports

2:30 PM – 3:30 PM Understanding and Negotiating P3s at Medium and Small HubsGrand Ballroom C

Considerable attention has focused on P3 opportunities at large hubs and at fortress hubs. But the opportunities exist, and perhaps are even more attractive, at medium and small hubs. These airports are often more eager for private investment, experience relatively less competition, and can be more flexible in deal terms. Many of these airports also sit on larger parcels of undeveloped property than large hubs – property that is ripe for both aeronautical and non-aeronautical development. This session will explore the issues in P3 investment that are unique to the small and medium hub market, from both the public agency and investor perspective.

Presenters:Peter J Kirsch, Partner, Kaplan Kirsch & RockwellFrank Miller, Executive Director, Hollywood Burbank AirportBrett Smith, CEO, Propeller Airports


2:30 PM – 3:30 PM Integration of Airport Property, Linked Transit P3s and Commercial Development:Peña Station DenverGrand Ballroom A

While DEN’s “Great Hall” Terminal Redevelopment P3 Project is being watched with great interest in the Airport P3 world, DEN and the City of Denver also achieved recent success in structuring a complex “Hybrid” P3, TOD project on 400 acres of airport and private land at the new Peña Boulevard Transit Station (under the overall Development “Peña Station Next”).

Airport-related TOD opportunities require creative land development financing and economic development efforts to attract the commercial developers and tenants that complete the puzzle. This panel will present a case study for how airport-connecting rail lines, transit stations, public and private land, and commercial development can be creatively combined to achieve all the elements of a successful, albeit hybrid, P3. Representing all facets of the Denver project ̶ airport, community and private ̶ we will discuss how a traditional procurement evolved into a market-driven, private-sector project. The resulting lessons are relevant for the dozens of airport-related TOD projects in process now, both domestically and internationally.

Moderator:Charles Renner, Partner, Husch Blackwell LLP

Panel:Ferdinand L. Belz III, Senior Vice President, L.C. Fulenwider, Inc.Robert P. Detrick, Partner, Husch BlackwellDaniel Poremba, Principal, Western Peak, Inc. Paul Washington, Market Director, JLL

3:45 PM – 4:45 PM Availability Payment & Deductions – What is Different with AirportsGrand Ballroom D

Availability payment mechanisms, together with associated deductions regimes, are an essential part of P3 projects. Each P3 project type - social infrastructure, healthcare, highway - has its own slightly different model. In this session panelists will discuss what makes aviation-related payment and deduction mechanisms different.

Moderator:Richard Tregaskes, Senior Project Manager, Faithful+Gould

Panel:Sue Lee, Senior Managing Director, Ernst & YoungJames Littlefair, Project Finance Advisory LimitedMichael O’Gorman, Managing Director, Winnipeg Airport Services CorpNick Virdee, Director, Atkins Acuity


3:45 PM – 4:45 PM Eyes Wide Open: Airport Owner P3 Preparedness Grand Ballroom C

Airports have unique challenges when preparing for public-private partnerships. Success requires a clearly defined project and P3 structure, a well thought-out procurement process, internal political will, managing public expectations and perception, and fostering of a strong partnership with a variety of stakeholders.

Join us for a lively panel, by airport, construction, development, and financial officials, discussing a series of questions to ask and issues to overcome when considering the P3 delivery method. This session will provide a balanced view of the pros and cons of the P3 process and cover an “eyes wide open” list of challenges an airport must consider when planning, procuring, and negotiating a successful P3 initiative (and how to course correct if the wheels come off!).

Moderator:Tom Rossbach, Aviation Market Sector Leader, HNTB Corporation

Panel:Paul Blundy, Partner, Head of Public Infrastructure Projects, Bennett Jones TorontoTed Hamer, Managing Director, KPMGChristopher Minner, Executive Vice President of Marketing, Tampa International AirportKatie Nees, Director of P3 Infrastructure Programs, HNTB CorporationTim Wilschetz, Managing Director, KPMG

4:45 PMSummit Ends


Event Schedule...Perhaps more so than in any other transportation sector, successful airport P3...

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