U T A P Unidade Técnica de Acompanhamento de Projetos
The Portuguese PPP sector: development, portfolio and project pipeline
Istanbul PPP Week'16
November 2nd, 2016
U T A P Contents
2
1) UTAP brief presentation
2) The Portuguese PPP portfolio
3) Historical development of PPP
4) PPP project selection criteria
5) Project pipeline
The Portuguese PPP sector - Overview – Manuel Têves Vieira
U T A P
3
1) UTAP brief presentation
2) The Portuguese PPP portfolio
3) Historical development of PPP
4) PPP project selection criteria
5) Project pipeline
The Portuguese PPP sector - Overview – Manuel Têves Vieira
Contents
U T A P UTAP in brief
4
The Ministry of Finance technical support unit for PPP projects
A result of the Economic and Financial Support agreement signed by Portugal in 2011
Established by the 2012 legislation (Decree-Law 111/2012) as part of a comprehensive PPP sector reform
Fully operational since January 2013
Currently 10 full time technical staff (a maximum of 13)
Involvement throughout all stages of project lifecycle
A close partner of all line ministries with PPP contracts: planning and infrastructures, healthcare, internal affairs and environment
Provides technical support in other large scale projects implemented under other public procurement figures
The Portuguese PPP sector - Overview – Manuel Têves Vieira
U T A P
5
The Ministry of Finance technical support unit for PPP projects
Responsibilities:
― Oversee of PPP contracts on behalf of the Ministry of Finance
― Project appraisal, structuring and tendering
― Reporting system on PPP and concessions
― Contract renegotiation
― Legal and financial technical support to the Ministry of Finance and other ministries and public institutions
― Budget process support
― PPP know-how management
― External representation of Portugal
The Portuguese PPP sector - Overview – Manuel Têves Vieira
UTAP in brief
U T A P
6
1) UTAP brief presentation
2) The Portuguese PPP portfolio
3) Historical development of PPP
4) PPP project selection criteria
5) Project pipeline
The Portuguese PPP sector - Overview – Manuel Têves Vieira
Contents
U T A P PPP portfolio
7
UTAP’s mandate: Central Government PPP
32 contracts in 4 sectors
Cumulative investment of 14.505 million € (December 2015 data)
The Portuguese PPP sector - Overview – Manuel Têves Vieira
Cumulative investment Portfolio composition
21
8
2 1
0
5
10
15
20
25
Rodoviárias Saúde Ferroviárias Segurança
Rodoviárias
Saúde
Ferroviárias
Segurança
Motorways
Health
Railways
Security
Motorways Health Railways Security
13.525; 93%
460; 3%
407; 3%
113; 1%
Source: UTAP
U T A P PPP portfolio
8
Central Government PPP expenses
Total lifecycle net expenses forecast (32 contracts): 13.400 million €
The Portuguese PPP sector - Overview – Manuel Têves Vieira
Source: UTAP
1.0
67
97
2
1.5
44
1.5
22
1.5
80
1.4
64
1.4
21
1.2
39
1.1
56
1.0
36
90
3
75
2
68
6
47
8
44
5
33
6
26
7
22
5
15
8
23
5
19
3
15
1
14
9
11
9
13
9
13
5
14
1
-20
-22
3
-200
0
200
400
600
800
1.000
1.200
1.400
1.600
1.800
20
12
20
13
20
14
20
15
20
16
20
17
20
18
20
19
20
20
20
21
20
22
20
23
20
24
20
25
20
26
20
27
20
28
20
29
20
30
20
31
20
32
20
33
20
34
20
35
20
36
20
37
20
38
20
39
20
40
20
41
Central Government PPP net expenses (million €)
U T A P PPP portfolio
9
PPP projects developed by Regions and Municipalities
Autonomous Regions: 2 motorway PPP in Madeira and 1 motorway and 1 hospital PPP in Azores
Municipalities: 72 active PPP operations in 7 sectors
The Portuguese PPP sector - Overview – Manuel Têves Vieira
2
3
3
6
8
18
32
0 5 10 15 20 25 30 35
Education
Culture, heritage and science
Sports and leisure activities
Transports and communications
Promotion of economic development
Rural and urban equipment
Water, sanitation and environment
Municipal PPP operations by activity sector
Source: DGAL, Directorate-General for Municipalities
U T A P
10
1) UTAP brief presentation
2) The Portuguese PPP portfolio
3) Historical development of PPP
4) PPP project selection criteria
5) Project pipeline
The Portuguese PPP sector - Overview – Manuel Têves Vieira
Contents
U T A P
11
Evolution of PPP contracts signed: motorways (M), health care services (Hs), health care infrastructure (Hi), railways (R) and security (S)
The Portuguese PPP sector - Overview – Manuel Têves Vieira
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
M
M
M
M
M
M R
M M M M
Hs
M
S
M
Hs M
M Hs M
R
M
M
M M
M
M
M
Hs
Hi
M
M
M
M
Hs
Hi
Hs
Hi
M
Hs
Hi
PPP portfolio evolution
U T A P
12
Evolution of PPP contracts signed: motorways (M), health care services (Hs), health care infrastructure (Hi), railways (R) and security (S)
The Portuguese PPP sector - Overview – Manuel Têves Vieira
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
M
M
M
M
M
M R
M M M M
Hs
M
S
M
Hs M
M Hs M
R
M
M
M M
M
M
M
Hs
Hi
M
M
M
M
Hs
Hi
Hs
Hi
M
Hs
Hi
PPP portfolio evolution
U T A P
13
Evolution of PPP contracts signed: motorways (M), health care services (Hs), health care infrastructure (Hi), railways (R) and security (S)
The Portuguese PPP sector - Overview – Manuel Têves Vieira
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
M
M
M
M
M
M R
M M M M
Hs
M
S
M
Hs M
M Hs M
R
M
M
M M
M
M
M
Hs
Hi
M
M
M
M
Hs
Hi
Hs
Hi
M
Hs
Hi
PPP portfolio evolution
Shadow toll motorway contracts: no user charges, remuneration of concessionaires through general
State budget
U T A P
14
Evolution of PPP contracts signed: motorways (M), health care services (Hs), health care infrastructure (Hi), railways (R) and security (S)
The Portuguese PPP sector - Overview – Manuel Têves Vieira
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
M
M
M
M
M
M R
M M M M
Hs
M
S
M
Hs M
M Hs M
R
M
M
M M
M
M
M
Hs
Hi
M
M
M
M
Hs
Hi
Hs
Hi
M
Hs
Hi
PPP portfolio evolution
Real tolls motorway contracts earmarked for the State:
remuneration of concessionaires through availability payments
U T A P
15
Evolution of PPP contracts signed: motorways (M), health care services (Hs), health care infrastructure (Hi), railways (R) and security (S)
The Portuguese PPP sector - Overview – Manuel Têves Vieira
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
M
M
M
M
M
M R
M M M M
Hs
M
S
M
Hs M
M Hs M
R
M
M
M M
M
M
M
Hs
Hi
M
M
M
M
Hs
Hi
Hs
Hi
M
Hs
Hi
PPP portfolio evolution
Earlier contracts: provision of health care services
U T A P
16
Evolution of PPP contracts signed: motorways (M), health care services (Hs), health care infrastructure (Hi), railways (R) and security (S)
The Portuguese PPP sector - Overview – Manuel Têves Vieira
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
M
M
M
M
M
M R
M M M M
Hs
M
S
M
Hs M
M Hs M
R
M
M
M M
M
M
M
Hs
Hi
M
M
M
M
Hs
Hi
Hs
Hi
M
Hs
Hi
PPP portfolio evolution
NHS hospital “dual PPP”: separate contracts for infrastructure and provision of health care services
U T A P
17
Evolution of PPP contracts signed: motorways (M), health care services (Hs), health care infrastructure (Hi), railways (R) and security (S)
The Portuguese PPP sector - Overview – Manuel Têves Vieira
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
M
M
M
M
M
M R
M M M M
Hs
M
S
M
Hs M
M Hs M
R
M
M
M M
M
M
M
Hs
Hi
M
M
M
M
Hs
Hi
Hs
Hi
M
Hs
Hi
PPP portfolio evolution
Suburban rail and light rail transport
services
U T A P
18
Evolution of PPP contracts signed: motorways (M), health care services (Hs), health care infrastructure (Hi), railways (R) and security (S)
The Portuguese PPP sector - Overview – Manuel Têves Vieira
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
M
M
M
M
M
M R
M M M M
Hs
M
S
M
Hs M
M Hs M
R
M
M
M M
M
M
M
Hs
Hi
M
M
M
M
Hs
Hi
Hs
Hi
M
Hs
Hi
PPP portfolio evolution
Emergency wireless communications
network
U T A P
19
****
****
****
****
****
****
****
**
** ***
****
***
****
****
****
****
****
****
***
21
6 35
3
76
4
1.3
11
2.2
15 2
.61
0
3.1
12
0
500
1000
1500
2000
2500
3000
3500
1985 1990 1995 2000 2005 2010
Mo
torw
ays
Km
sin
Op
era
tio
n
****
****
****
*
* = PPP Contracts
****
****
****
****
****
***
Motorway network developed 100% under different PPP models
Source: IMT, Institute for Mobility and Transports
The Portuguese PPP sector - Overview – Manuel Têves Vieira
PPP portfolio evolution
23
U T A P
20
1) UTAP brief presentation
2) The Portuguese PPP portfolio
3) Historical development of PPP
4) PPP project selection criteria
5) Project pipeline
The Portuguese PPP sector - Overview – Manuel Têves Vieira
Contents
U T A P
21
PPP analyzed as one of several public procurement figures
Decree-Law 111/2012 provides the legal framework for appraisal, structuring and tendering PPP, under Value for Money criteria
Typical phases of PPP procurement:
1. Line Ministry proposes a project to be procured as PPP
2. Ministry of Finance analyses the proposal and a “project team” lead by UTAP is created to appraise and structure the project
3. Cost-Benefit Analysis, financial viability and budget affordability are performed by the “project team”
4. Public Sector Comparator (PSC) is calculated, lifecycle perspective
5. Value for Money analysis: if expected lifecycle PPP costs (Net Present Value) are lower than PSC, the project is procured as a PPP
PPP project selection
The Portuguese PPP sector - Overview – Manuel Têves Vieira
U T A P
22
1) UTAP brief presentation
2) The Portuguese PPP portfolio
3) Historical development of PPP
4) PPP project selection criteria
5) Project pipeline
The Portuguese PPP sector - Overview – Manuel Têves Vieira
Contents
U T A P
23
Currently under analysis as potential PPP
Public transport:
― Metro do Porto light rail network O&M contract
Healthcare sector:
― Renewal/retender of Cascais and Braga hospitals PPP contracts for the provision of healthcare services
― New hospitals to be appraised in 2017: Eastern Lisbon, Évora and Seixal
Project pipeline
The Portuguese PPP sector - Overview – Manuel Têves Vieira
U T A P
24
Other strategic projects
Port Concessions (new container terminals):
― Barreiro Deep Sea Terminal – Lisbon (currently undergoing environmental studies and evaluation)
― Sines New Container Terminal – Sines (frequently spoken of)
― Leixões New Container Terminal – Leixões (frequently spoken of)
Project pipeline
The Portuguese PPP sector - Overview – Manuel Têves Vieira
U T A P
Estruturação de Projetos de PPP 25
Ministério das Finanças
Rua Braamcamp, 90 – 6º piso
1250-052 Lisboa
Web: www.utap.pt
Manuel Têves Vieira – Legal Adviser
E-mail: [email protected]
Telef: +351 211 119 713
U T A P Unidade Técnica de Acompanhamento de Projetos
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