Dutch PPP

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Dutch PPP

  1. 1. Dutch PPP Dealflow 2012-2020London, 5th Global LeadershipInfrastructure ForumDanny ZwerkPPP Unit, The Netherlands
  2. 2. Overview•  Rijkswaterstaat•  Dutch Government PPP Policy•  PPP-dealflow in general•  Upcoming tenders•  Key features of Dutch PPP’s –  Risks allocation –  Legal framework –  Competitive dialogue –  Payment mechanism
  3. 3. Rijkswaterstaat•  Rijkswaterstaat (1798) is the executive agency of the Ministry of Infrastructure and Environment•  Rijkswaterstaat works to ensure that the Dutch have: •  dry feet •  sufficient clean water •  a smooth and safe flow of transport on nation’s roads and waterways •  reliable and useful information•  Round 9.000 Employees•  Annual budget: € 4 to 5 billion 3 February 2012
  4. 4. PPP Policy•  Multi Annual Investment Programme 2012-2028 –  Budget approved by Parliament up until 2023 –  Cost Benefit Analysis –  Environmental Impact Analysis –  Ceiling Price including maintenance and interest•  First allocate budgets to attractive projects then determine the best contract type for each project.•  Current government: PPP/DBFM unless… Comply or Explain•  Dealflow 2-3 projects each year•  Support local government•  Attract institutional investors
  5. 5. Potential PPP Dealflow•  32 Indicated PPP’s in the Multi Annual Programme•  Total ca € 20 bln (CAPEX)•  2 Rail Projects (under investigation)•  10 Projects in Maritime Infrastructure•  20 Projects in Road Infrastructure •  Some greenfield •  Mostly new highway, next to existing highway 3 February 2012
  6. 6. New highway next to existing highway…
  7. 7. Dutch PPP’s5 tendered2 tendering>20 upcoming(2-3 each year) 3 February 2012
  8. 8. The SAA-corridor: € 4½ bln (5 contracts)
  9. 9. SAA: Estimated time schedule and budgets 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 BUDGETA10-East/A1 5,0%A1/A6 40,0%A9 Gaasperdammerweg 22,5%A9 Amstelveen 22,5%A6 Almere 10,0% Legenda Tender Realisation Exploitation 9
  10. 10. A10 Amsterdam ZuidAs
  11. 11. The Amsterdam Sealock (1)
  12. 12. The Amsterdam Sealock (2)
  13. 13. The Afsluitdijk: improve safety and renovate locks
  14. 14. Risk Allocation•  Client Risks (Full compensation) –  Force majeur event –  Compensation event (change of law)•  Shared Risks (only compensation for delay) –  Delay events•  Contractors Risks (All on contractors expense) –  All but… supervening events
  15. 15. Remaining with the clientIncidentmanagement Winter maintenance Traffic Management 15
  16. 16. What happened?…… And what happens next? 16
  17. 17. Force Majeure or contractors risk? 17
  18. 18. Legal framework•  Procurement Directive 2004/18/EG•  Dutch contract law•  Decree Procurement rules for Public Contracts Dutch abbreviation: BAO•  Guidelines for procurement of public works Dutch abbreviation: ARW 2005
  19. 19. Challenges•  Improve Contractmanagement•  Capacity Building within the Government•  Attract Institutional Investors•  Support Local Governments
  20. 20. Concluding remarks•  Long term stability•  Strong political commitment•  Substantial dealflow•  Solid projects•  Standard contracts and procedures•  Looking for partnership and foreign involvement
  21. 21. Thank you very much! www.ppsbijhetrijk.nl
  22. 22. PPP features•  DBFM with availability payments•  Ceiling Price for bidders including maintenance and interest•  Standard contracts and standardized risk allocation•  Standard tender documents and standard procedures•  Competitive dialogue
  23. 23. DBFM-payment mechanism Partial Payment mechanism availability•  Payments on availability (after payment completion) –  Penalties in case infrastructure is not available –  Penalties in case quality is insufficient Bullet Availability payment on payment•  Bullet-payment on realisation realisation•  Ceiling price during tender procedure
  24. 24. 3 months Tender Schedule 3 months 3 months Dialogue Award phase phase Selection phase Best and 1st dialogue rounds 2nd dialogue rounds 3rd dialogue rounds Final Offer Contract Close Financial Close 6-9 3 months 3 months months 3 monthsAnnouncement Financial 1 Candidate Contract Award Close Close n Candidates [nr] Candidates [nr] Candidates Award criteria Award criteria Selection criteria Request to participate Plan of Approach Final Tender

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