We are currently working with the industry's top thought-leaders to build our 2018 program. If you have interest in participating, please contact Karen Baker at email@example.com
Our program will present a series of keynotes, case studies, panels, workshops, and diverse networking opportunities designed for attendees to deepen their understanding on the value proposition of P3s, and the role they can play in the delivery of essential airport infrastructure.
Our two day agenda has been programmed to help you plan and procure successful P3 initiatives, understand best practices in selecting and negotiating with prospective partners, and take steps to ensure project success.
Over 100 leading practitioners will present their firsthand observations of airport P3 projects of all sizes in different markets. We will also offer in-depth roundtable discussions for airport owner and public sector delegates with interest in discussing specific P3 issues in a more candid and interactive forum.
Attendees with little experience in the development and operation of the P3 model will benefit from our industry experts presenting their knowledge, and valuable insights into market trends crucial for business decisions.
More seasoned professionals will benefit from our incredible networking opportunities, cultivate relationships with project sponsors, and learn new methods to address complex project delivery goals.
The 2018 agenda offers multiple daily breaks, receptions, and specific events designed for you to meet with industry professionals, project sponsors/owners, and a chance to reconnect with old colleagues.
With over 900+ participating delegates, attendees find the P3 Airport Summit to be one of the most effective places on their event schedule to cultivate relationships and network with the industry’s most active and influential professionals.
The Summit agenda features a broad range of topics specifically tailored to the needs of airport authorities evaluating P3s. This program will share examples of where P3s can be applicable; and how they can save money and time when dealing with upgrades, repairs, and maintenance. The program will also highlight when P3s do or do not make sense, and what major considerations need to be made once choosing this route, including the first steps.
The agenda will offer numerous case studies (big, medium and small examples of successful and unsuccessful projects) of how P3s can work. We will also provide a perspective on current P3 activities in the market and update on P3's in progress including their challenges and successes.
The agenda takes a clear look at current trends in P3s, while examining contract structures, facility types, and financing mechanisms in use. Through conversations with airport owners, airlines, and advisers, the Summit explores best practices and lessons learned from successful partnerships.
A list of best practices and lessons learned will be presented, including:
Pre-award Discussion Topics:
Assessing the feasibility of a P3 project – what type of projects are best served by P3s
Steps to take to ensure your procurement process is setup for success
Identifying the merits and risks of P3 structures
Options for small and medium hub airports seeking partnerships
Defining project requirements and identifying appropriate project delivery models
How to score, select, and negotiate with prospective partners
Common pitfalls in P3 transactions
Understanding the potential credit impacts P3s can have on rating and debt capacity
Political considerations for developing and implementing P3 projects
The role of a political or internal champion in building P3 partnerships
Coordinating internal and external stakeholders to optimize P3 delivery
Hidden costs and overlooked risks
Meeting deferred O&M challenges: how major maintenance, repair and replacement should be considered when evaluating a P3
How have P3 projects failed and what are the lessons learned
Why aren’t P3s or alternative delivery mechanisms more commonly used in the US market?
Team Work and Collaboration Discussion Topics:
The importance of early engagement with private partners
The benefits of P3 beyond financing
Integration tools and techniques that enhance collaboration
Owner roles/responsibilities in executing a P3
Risk balance and expectation management
Communication strategies - how to win political and local support with successful communication plans
Advanced Project Delivery Discussion Topics:
Aligning Owner, Airline, and Developer perspectives
Risk identification, mitigation, and tradeoff strategies
Asset monetization of non-core infrastructure assets using P3s
Financing solutions and value propositions under the P3 Model
The influence of design within the P3 process
Value creation from transferring operations and maintenance
International models under P3
Latest innovations and life-cycle efficiencies in P3 delivery
We are currently working with the industry's top thought-leaders to build our 2018 program however here is a look back to our 2017 program.
2017 Keynote Speakers:
Deborah Flint, Executive Director of Los Angeles World Airports
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. Hear 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.
Jane Garvey, North American Chairman of Meridiam
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.
2017 FEATURED SESSIONS
Attracting the Right Partner: Best Practices on Procuring Successful Airport P3s - 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.
P3s from the Owners Perspective- This session involves panelists who have been through or are currently going through a P3 transaction. They will share their experience including questions related to why they choose a P3, how they got started, what lessons learned were realized during the process, and what they would do differently. The audience will also hear from the govt side on the San Juan transaction 4 years later. Representatives will provide insight on whether it's working out for the government, and did the anticipated benefits materialize. Plus panelist will provide recommendations and tips for other airport owners who may be considering a P3 transaction.
How to Implement Airport Projects Through a P3 - 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 address a range of topics, including: Why P3 delivery best meets the Owner's goals for the project; Key features of the procurement process; The innovative financial structure; Risk allocation and mitigation; How political risk can be managed with outreach and stakeholder management; and Potential challenges in the operations and maintenance phases.
Unleashing Value at Airports and Terminals - 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 to explore perspectives from both sides of the transaction.
Beyond the Terminal P3: CONRACS, Cargo, Fuel Facilities, FBOs - 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? How do ratings agencies evaluate the credit quality of these projects?
Opportunities To Innovate And Implement Operational Best Practices - 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.
How to Align Perspective between the Client, Airline and Operator/Developer - The Airports Council International–North America recently announced that between 2017 and 2021, America’s airports need nearly $100 billion in capital redevelopment, including terminals, airfield capacity, reconstruction and surface access. Over the next five years, U.S. airport authorities and governments will be looking closely at a number of different models for redevelopment of this critical infrastructure. These include public-private partnerships that bring innovation, efficiency and investment capital to help mitigate implementation and management risks while delivering world-class infrastructure for stakeholders, passengers and local communities. Join industry experts from the perspective of the client, the developer/operator and the airlines in this lively discussion regarding what it takes to get everyone on the same page.
Comparison of Alternative Delivery Models - Comparing and contrasting three types of alternative delivery models: progressive design-build, availability payment, and revenue concession, and their respective suitability for airport capital projects.
Understanding and Negotiating P3s at Medium and Small Hubs - 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.
Mastering the Art of P3 Airports - Exploring how P3s can be structured to enhance the quality of the terminal and of 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. They 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; it will focus on opportunities and challenges, and is intended to encourage a candid discussion of the pros and cons of this model.
Airports Coming of Age – What’s Over the Horizon and What Assets Make Sense Under P3 - 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.
Integration of Airport Property, Linked Transit P3s and Commercial Development: Peña Station Denver - 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 (the overall Development is named “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. Panelists 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. Panelists from all facets of the Denver project ̶ airport, community and private ̶ 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.
360°Considerations for Successful Airport P3s - This panel brings together key stakeholders and private sector experts to discuss important ingredients of a successful structure for airport P3 projects. The panelists will discuss lessons learned from past projects, such as the LaGuardia Central Terminal Redevelopment Project, 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 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.
Comparative Analysis and Value for Money Decisions -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 looks at quantitative and qualitative factors inherent in each option. This panel will discuss the benefits of a VfM analysis, factors that drive a VfM analysis, and how airport authorities can utilize a VfM analysis to determine the best delivery method for their projects.
U.S. Airports and P3: The Perfect Fit - 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 so 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.
Availability Payments and Deductions, What is Different in Airport P3s - Availability Payment mechanisms together with associated deductions regimes are an essential part of P3 projects. Each P3 project type, social infrastructure, healthcare, highway has their own slightly different model, and in this panel discussion we will discuss what is different with aviation related payment and deduction mechanisms.
LaGuardia Central Terminal B: Financing the Largest Aviation P3 in America - 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.
Balancing the Tensions – Legal, Financial and Technical - 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 the tension. The discussion will focus on the push-pull that exists between the legal/technical/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.
Why the "F" in DBFOM? - 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.
Lessons from US Airport P3s: Current and Perspective Projects - Gather understanding on US airport P3s under construction, including the LaGuardia Central Terminal Expansion and the Luis Muñoz Marín International airport modernization and expansion program. The group will also discuss P3s being advanced at San Diego, LAX, and St. Louis airports. The panel encompasses viewpoints from owner’s, advisors, concessionaires, and operators.
Designed for attendees with airport and government backgrounds, the conference will host roundtable conversations on 15 different airport related P3 topics. Discussions are meant to be open and candid exchanges where public sector attendees can ask questions and share experiences. Facilitators will guide discussions by presenting case studies, targeted issues, and topics shaping the P3 landscape..
Below is a sample list of discussion topics:
Table 1: P3 Delivery, Is It Right For My Airport Project?
Table 2: Set Your Aviation P3 Up for Procurement Success
Table 3: How to Achieve Success with an Airport P3? Begin by Understanding the Airport
Table 4: International Models for P3 - Which One is Right for You?
Table 5: Piloting Your Way to Success! Project Champions on the Owner’s Side
Table 6: Airport P3 Financing Considerations
Table 7: What Makes a Good P3 Project, and How to Start
Table 8: Why Aren’t P3s or Alternative Delivery Mechanisms More Commonly Used in the US Market?
Table 9: Influence of Design Within the P3 Process
Table 10: Airport P3s: Benefits Beyond Financing
Table 11: Common Pitfalls in P3 – Tales from the Trenches
Table 12: Maintaining Control of My P3 Project: A Public Owner’s Perspective
Table 13: From Idea to Implementation: The Role of a Project Champion in Building Internal Partnerships
Table 14: Effective Industry Engagement During the Procurement Process
Table 15: Protecting your Interests through Owner Representation
Table 16: Airport P3 With or Without Transfer of Operations, a Comparative Case Study
Table 17: Operational P3s: Lessons Learned from International Operations that can Benefit US Airports
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 and capital improvement plans. 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.
Conference delegates will be able to interact with industry leaders and airport business and facility officers in a relaxed social setting as well as meet with some of our presenters, sponsors, and event partners.
The exhibition hall is one of our central meeting points for all attendees during the event. Attendees are encouraged to setup one-on-one, pre-scheduled, or private appointments with participants.
If your airport or business is interested in hosting a table, please email Karen Baker for additional details.
The Airport Summit will also offer several ways for attendees to network and connect with each other. The program will offer multiple daily breaks, receptions, one-on-one meeting areas and specific events designed for you to meet new industry faces and reconnect with old colleagues.