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Strategic Alliances - BOT

Strategic Alliances - BOT. Cypress Team. Private Public Partnership. Private financing Private partner: Special Purpose Company Specific time dimension – Concession. Who , Why ?. Solution. Success of a BOT project is the deep understanding by all parties of three matters:.

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Strategic Alliances - BOT

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  1. StrategicAlliances - BOT Cypress Team

  2. Private Public Partnership • Privatefinancing • Private partner: SpecialPurpose Company • Specific time dimension – Concession

  3. Who, Why?

  4. Solution

  5. Success of a BOT project is the deep understanding by all parties of three matters: • Risks involved • Allocating the risk between the participants • How cash flow is generated

  6.  What are the risks ? How takes them ? • Political • Project specific • Construction • Operational • Financial

  7. Risk mitigation • Contract • Financial measures • Other forms of mitigations

  8. Government commitments Concession agreement : • Political risk • Interference

  9. BOT in the world

  10. Examples of realizations : Phillipines • In Manilla a province has decided to automatizeits vote system. • 2 entities: • Smartmatic : a private international firmspecialized in conception of e-technologies such as votes machines • SAHI : a national organisation specialized in strategic alliances as public as private. • The consortium Smartmatic SAHI foresee to suply 3,050 machines and to ensure the authenticity of resultsaccordind to recomendations of an electoral commission

  11. Case study: Belfinger & BOT’s • Deutshcompany of Public work • More than 350M€ invested in PPP in the world (Australia, Europe, North of America) • Manages more than 7B€ of fixedassets in the world  BOT=very effective business for Belfinger Source: http://www.pi.bilfinger.com/

  12. The Golden Ears Bridge of Vancouver Public transportation Authority= The owner: TRANSLINK • BOT long termproject: • 6 lanesbrige on the Fraser River in Vancouver • 3km of roadsbefore the bridge & 9km of assiociatedroads • Integration in the municipal roads network USER: drivers DBFOM contract Capital funds Belfinger Berger BOT BOT concessionner: Golden Crossing Inc. Roadstolls LENDER: bankssyndicate OPERATOR Debts • 12/2005: invitation to tenders won by Golden Crossing Inc. • 6/2006: Begining of the construction • Été 2009: ready to beoperated BUILDER: BB Civil MAINTENANCE

  13. A GREAT SUCCESS • 38 months of construction • A 1000m long bridge • 32.5 yearsworkingwithinwhich the companywillreceive a fixe usage fee • 800M€ of investment

  14. Conclusion • BOT projectsglobalyincrease • BOT’soffer major opportunities to the public sector and to the privateconcessionners • Risks of Revenue are determinative • Importance of trafficstudies and of the hypothesis control, as well as the risk management. • BOT’scontractscanslightlydifferaccording to the project • SomeBOT’s have failed: The Cross City Tunnel of Sydney

  15. ANY QUESTIONS

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