Opening Session

So what’s the big deal with the global infrastructure challenge?

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chris toomey,

Vice President, McKinsey & Company

Moderator

 

As a leader of McKinsey’s work in major projects, Chris helps clients develop, implement, and deliver major capital programs. He serves leading organizations in the global infrastructure sector, as well as in other sectors with large capital programs, such as real estate and energy.

Chris has more than 30 years of experience in successfully delivering major capital infrastructure projects worldwide. His experience spans all modes of transportation infrastructure—including rail, highways, airports, and ports—as well as housing and real estate, gas pipelines, wastewater systems, and resiliency programs.

In all these sectors, he has been responsible for the design, management, and performance of multibillion-dollar infrastructure programs and projects. He also has extensive hands-on experience in the actual construction of projects, across diverse sectors.

Before joining McKinsey, Chris was a senior vice president with AECOM, where he directed major programs in North America, Africa, and the Middle East—including the Libyan Housing and Infrastructure Program.

 

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BART W. Édes,

Representative of the North American Office, Asian Development Bank (ADB)

Panelist

Bart W. Édes has served as the Asian Development Bank’s (ADB’s) Representative in North America since October 2, 2017. In this capacity, he mobilizes financing for ADB’s developing member countries; shares development knowledge and experience; establishes and deepens partnerships with public, private and nonprofit organizations in North America; and raises public awareness of ADB in Canada and the United States.

His earlier ADB experience includes leading teams responsible for knowledge management, social development, gender equity, the social sectors, civil society engagement, ICT for Development, inclusive business, governance, and public sector management. He guided the formulation of ADB’s Public Communications Policy, which set a new global benchmark for transparency and information sharing among the international financial institutions. Mr. Édes has also served as Alternate Chairperson of ADB’s Appeals Committee, and Member of the ADB Integrity Oversight Committee.

He has a Master’s Degree in Public Policy from the University of Michigan, and a Bachelor’s Degree in Government (cum laude) from Georgetown University. Mr. Édes is a dual national of Canada and the United States.

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RAKESH MOHAN

SENIOR FELLOW, YALE JACKSON INSTITUTE FOR GLOBAL AFFAIRS

Panelist

Rakesh Mohan, a Senior Fellow at Yale’s Jackson Institute for Global Affairs, is one of India’s senior-most economic policymakers and an expert on central banking, monetary policy, infrastructure and urban affairs. Most recently he was executive director at the International Monetary Fund in Washington, D.C., representing India, Sri Lanka, Bangladesh and Bhutan, and chairman, National Transport Development Policy Committee, Government of India, in the rank of a Minister of State. He is also a former deputy governor of the Reserve Bank of India. As deputy governor he was in charge of monetary policy, financial markets, economic research and statistics.

In addition to serving in various posts for the Indian government, including representing India in a variety of international forums such as Basel and G20, Mohan has worked for the World Bank and headed prestigious research institutes. He is also Non Resident Senior Research Fellow of Stanford Centre for International Development, Stanford University Stanford, and Distinguished Fellow of Brookings India. Mohan has written extensively on urban economics, urban development and Indian economic policy reforms.

Mohan has authored three books on urban economics and urban development and two books on monetary policy: ‘Monetary Policy in a Globalized Economy: A Practitioner's View’(2009), and “Growth with Financial Stability: Central Banking in an Emerging Market” (Oxford University Press, 2011). His most recent edited book “India Transformed: 25 Years of Economic Reforms” (Penguin Random House, 2017).

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Rui Monteiro

Senior Public-Private Partnerships Specialist, Infrastructure, PPP and Guarantees Group, World Bank

Panelist

 

Rui Monteiro is Senior Public-Private Partnerships Specialist at the World Bank IPG (Infrastructure, PPPs and Guarantees) department, where he works on the development of knowledge on PPPs, on knowledge dissemination inside the World Bank Group, and on capacity building in client governments. With more than 26 years of experience on infrastructure, 19 of them on PPP, Rui joined the World Bank in 2010, after having been for more than 10 years PPP advisor to the Treasury Secretary and representative of the Finance Minister of Portugal in steering committees and tender boards for several major highway, rail, tram, and hospital PPP projects. Prior to his infrastructure activities, he did applied research on fiscal matters and on large public projects (urban renewal, public infrastructure). In the international field, Rui has an extensive experience in bilateral and multilateral cooperation with many governments in Europe, Africa, Asia and the Americas, including field missions for institutional diagnosis regarding infrastructure procurement reform, PPP project development, and PPP fiscal management. As an economist, he puts strong emphasis on the use of incentive contracts and competitive schemes.

 

Focused Breakout Session I

The New World Infrastructure – How technology is going drive change

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Bradford Gentry

Senior Associate Dean of Professional Practice; Professor in the Practice; Co-Director of the Center for Business & the Environment at Yale; Director of the Research Program on Private Investment and the Environment

Moderator

Mr. Gentry’s work explores the opportunities for using private investment to improve environmental performance. He works both across and within particular sectors/problems. The cross-sectoral work focuses on the steps policy makers can take to help develop opportunities for sustainable investments, including market frameworks, information systems, and shared investments/ partnerships. The sectoral work is concentrated in three major areas: increasing private investment in the delivery of urban environmental services (particularly drinking water and sanitation), sustainable forest management, and cleaner energy. Projects in all these areas are undertaken across a range of contexts from New Haven, to developing country megacities and to wilderness forest systems. He has written extensively on the links between private investment and environmental performance, including the book Private Capital Flows and the Environment: Lessons from Latin America.

 

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Tom Gage

CEO & Managing Director and Founder, Marconi Pacific

Panelist

Tom Gage is CEO & Managing Director and founder of Marconi Pacific. He has practiced as a management consultant with Fortune 100 corporations for over 25 years. He was formerly SVP and General Manager at VeriSign. Previous to that he was Vice-president and Managing Director of Gemini Consulting's C4 practice (Communications, Computing, Consumer Electronics and Content) responsible for 200 consultants in North America.  Prior to that he was an international oil exploration and coal analyst with Conoco, the predecessor firm to Conoco Phillips. He is a board member of The Yale Center for Customer Insights and of ATIS -The Alliance for Telecommunications Industry Solutions. He is the author and Editor of two editions of Energy Primer – Solar, Water, Wind and BioFuels and of numerous articles on telecommunications and technology business issues and vehicle automation. He is an Adjunct Faculty at Georgetown University’s McDonough School of Business. He holds an MPPM from the Yale School of Management and a BA in Economics from Cornell University.

 

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david hang

Partner, D. E. Shaw & President, deepwater wind

Panelist

David has spent the last 20 years in the private equity industry working for JPMorgan Partners and the D. E. Shaw group with a focus on energy development.  While at D. E. Shaw, David has been involved in the development, financing and building of approximately 2,000 MW of on-shore wind and solar projects in the United States and has seen significant growth of renewables due in large part to improvements in technology which have led to rapid price declines and increased competitiveness.  He also serves as the President and Chief Financial Officer of Deepwater Wind, one of D. E. Shaw’s portfolio companies.  Deepwater Wind is the leading developer of offshore wind in the United States and developed, financed and built the Block Island Wind Farm, the first offshore wind farm in the United States.  The company has secured contracts to build the country’s second and third offshore wind projects one serving East Hampton and the other serving Maryland.

 

Focused Breakout Session II

The infrastructure investment debate – Is there a best way to invest in infrastructure?

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Mariana Torres

Director in the Infrastructure Economics Practice, Louis Berger

Moderator

Mariana Torres is a Director in the Infrastructure Economics Practice at Louis Berger.  With 12 years of international experience in infrastructure project finance, toll road development, and urban transit service and operations planning, she currently leads comprehensive transaction due diligence processes to support public and private sector clients with development, financing, and investing opportunities in a range of transportation infrastructure assets.  As part of the due diligence process Ms. Torres leads and develops asset valuation studies, demand forecasts, and project delivery risk assessments.  Ms. Torres is experienced in coordination with Financial Advisors, Rating Agencies, Lenders, and Equity Investors for major transaction due diligence assignments of toll roads, express lanes, and intercity rail projects in the US and abroad. 

Before joining Louis Berger, Ms. Torres led multi-stakeholder processes for transport sustainability initiatives at the World Economic Forum, and supported various technical aspects in project development, implementation and supervision as part for the World Bank Sustainable Transport Team.  Ms. Torres holds a Master in City and Regional Planning from the University of California, Berkeley, with published research in parking planning and fare subsidies; urban emissions indicators; and management of public transit agencies.

 

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Mark Melson

Chief Operating Officer, STar america infrastructure partners

Panelist

Mr. Melson is Chief Operating Officer of Star America, an investor of equity in and developer of Public Private Partnership projects. Mark led Star America’s successful pursuit, in partnership with Fluor and other consortium members, to design, build, finance, operate and maintain the $2B Purple Line transit project in Maryland. Prior to that he reached financial close on the first US P3 LED lighting project for the Michigan Department of Transportation. In addition, Mr. Melson has led Star America’s growth as an investor in student housing where they are now investors and codevelopers of three student housing developments. Previously, Mr. Melson enjoyed a 25-year career in increasingly responsible and diverse senior management positions at companies which became Lend Lease America, an infrastructure and property solutions provider and leader in public-private community development.

 

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Andrew Chapman

Senior executive director, Macquarie infrastructure and real assets

Panelist

 

Andrew serves as the Head of Asset Management for MIP I, MIP II and MIP III. He provides operational and regulatory expertise across the utility investment portfolio and is also responsible for asset management generally across the portfolio. He serves on the boards of Cleco Corporation and Puget Energy, and is the chairman of the Aquarion Water Company board. During 2010, he was the interim CEO of DQE and from 2009-2013 was a director of DQE.

Andrew has been managing and financing infrastructure for more than 30 years, and was a utility company CEO before joining MIRA in 2006. From 1989 until 2003, Andrew was Chief Financial Officer, and later president, of the Elizabethtown Water Company. During Andrew’s tenure as president, the company achieved ISO 9001 and 14001 quality certifications and increased earnings per share by 30%. Andrew led the sale of Elizabethtown to Thames Water in 2000 and later combined Elizabethtown with New Jersey-American Water Company; the combined company was the state’s largest water utility provider, serving over two million people in 176 New Jersey communities.

During 2003 and 2004, Andrew was president of New Jersey American Water, and was later Vice President of Strategy and Regulation for American Water. Andrew is the former Chairman of the Board of New Jersey Future, a state-wide organization advocating open space preservation and redevelopment of New Jersey’s cities and towns.


Andrew holds a Bachelor of Science from the University of California, Berkeley and a Masters of Business Administration from the Yale School of Management.

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SIA KUSHA

Group Head, Project Development and Partnering, Plenary Group

Panelist

Mr. Kusha is the Group Head, Project Development and Partnering at Plenary Group.  In this role, he has direct authority and accountability for business and project development across both Civil and Buildings sectors.   He is responsible for positioning Plenary with appropriate project sponsors and selecting potential partners through leveraging industry relationships.   He is responsible for identification and assessment of new project opportunities (for both Civil and Buildings assets), interaction with authorities in respect of these opportunities (including through ongoing dialogue through the life of the project), and recruitment and teaming for such opportunities across North America

Prior to joining Plenary, Sia served as Senior Vice President and Managing Director of AECOM’s Design and Consulting Services Integrated Delivery group in the Americas.  In his role, he was the firm’s Chief Strategy and Development officer for DB and P3 projects in the Americas.

A thirty five-year veteran of the industry, Mr. Kusha is a highly experienced program and project executive who has delivered a variety of infrastructure programs and projects for a diverse range of public and private clients.  Mr. Kusha has been instrumental in Integrated Delivery policy development in United States and has helped public owners develop design-build and P3 legislation, programs, project pipelines and procurement processes in Arizona, Florida, Georgia, North Carolina, West Virginia and Virginia.

Mr. Kusha is a graduate of University of Wisconsin – Madison, with a degree in Civil and Environmental Engineering and is a Registered Professional Engineer in FL, GA, NC, WI, MN, and AZ.

 

Closing Session

Accelerating Infrastructure Development – Where to go from here?

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John Parkinson

Executive Director, AIAI

Moderator

John Parkinson is the Executive Director of AIAI – the Association for the Improvement of American Infrastructure. AIAI serves as a national proponent of Public-Private Partnerships, providing education and raising awareness, advocating best practices for accelerated project delivery framework and driving legislative action to stimulate market activity.

John was the founding Executive Director of the ULI – the Urban Land Institute's New York District Council, where he was instrumental in creating mission-based initiative councils, including Sustainable Buildings, Infrastructure and Housing. These local initiative councils were designed to create topically focused, multi-disciplinary groups of mid- and senior-level professionals, involved in specific facets of commercial real estate, committed to developing trusted connections and sharing best practices.

John’s prior work included providing technology and services to the commercial real estate industry. He has more than 30 years of professional leadership and management experience in organizations ranging from start-ups to Fortune 200 firms, not-for-profits and the public sector.

John graduated with merit from the United States Naval Academy, with a degree in engineering, and upon graduation received his commission in the United States Marine Corps. He earned his Master of Science degree from the University of Southern California, conferred with honors, from intensive studies in Information Systems Management.

 

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Andrew Fraiser

Managing Partner, ASHURST

Panelist

 

Andrew Fraiser is managing partner of Ashurst's US offices and head of energy and infrastructure for the Americas.

For more than 20 years, Andrew has been advising developers, investors, funds, lenders and public authorities on infrastructure transactions in North America, Latin America, Western and Eastern Europe and the Middle East.‎ His experience spans all sectors and covers everything from greenfield project finance transactions through to acquisitions/disposals of operating assets, refinancing and restructurings.

Within his broader practice, Andrew has developed a reputation for being one of the world's leading lawyers for public private partnerships (PPP/P3). He is the only lawyer in the world to have been recognized by the Chambers Legal Directory as a "Band 1" lawyer for PPP in both the UK and the USA.

Andrew relocated to New York (from London) in 2010 and quickly established himself as one of the top lawyers in the market advising clients on infrastructure deals. In 2014 and 2015, he was personally recognized in the Financial Times' North America Legal Innovation Awards for his work on the award-winning Goethals Bridge Replacement Project and Pennsylvania's Rapid Bridge Replacement Project. He was also the author of the first edition of the US Federal Department of Transportation's  "Model Contractual Terms for Surface Transportation P3 Projects", which has been well reviewed by industry bodies around the US.

The aggregate value of all of the infrastructure transactions‎ that Andrew has acted on is in excess of US$50bn. Andrew is recognized as a thought leader by many of his peers and is regularly invited to take part in thought leadership initiatives in the global infrastructure market and to talk at conferences around the world on matters related to infrastructure.

Andrew is qualified in England & Wales.

 

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Link to CV

Isabel Marques de Sá

Chief Investment Officer, International Finance Corporation, World Bank

Panelist

 

Isabel Marques de Sá is the Chief Investment Officer for Public-Private Partnerships at the International Finance Corporation - IFC (World Bank Group). Ms. Marques de Sá has over 30 years of experience developing projects for companies, governments and multilateral institutions in the natural resources and infrastructure sectors. She will present her main takeaways from structuring PPP projects in infrastructure in Brazil, Panama, Haiti, Honduras, Mozambique, Madagascar, Ghana, Tanzania, Mauritania, Angola and Liberia, among others. She will focus her talk on energy, water, airports, and Special Economic Zones.

Prior to joining the IFC, Ms. Marques de Sá worked for Paribas Bank in Paris, where she participated in several mergers and acquisitions, privatization and project finance projects in Europe and emerging markets in mining, metals and steel sectors. Before that, she was a consultant in France and served for five years in the National R&D Council (Presidency of Brazil).

Ms. Marques de Sá holds a PhD in Industrial Economics from the Paris School of Mines (1991), Paris, a diploma in Economics from Oporto University, Portugal (1976) and a Master in Agriculture Development from Fundacão Getulio Vargas, Rio de Janeiro, Brazil (1980).

 

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benjamin perez

Principal, National policy, WSP Advisory Services, U.S.

Panelist

Benjamin Perez offers 30 years of experience in transportation procurement policy and finance.  He has completed important research assignments on Public-Private Partnerships  (P3s) and infrastructure finance for FHWA, SHRP2, NCHRP, TRB, and AASHTO, as well as the European Commission, the American Council of Consulting Engineers and the Diebold Institute for Public Policy Studies.  He has developed and maintains the FHWA Center for Innovative Finance Support website and has completed case study research on all highway P3 projects to have reached financial close in the United States.  As the principal investigator of SHRP2 C12, Effect of Public-Private Partnerships and Nontraditional Procurement Processes on Highway Planning, Environmental Review, and Collaborative Decision Making, he explored the implications of considering P3 procurement options as part of the environmental approval process.  He has also led NCHRP research efforts on the interface between P3 projects and the metropolitan planning organization (MPO) and National Environmental Protection Act (NEPA) processes.  In addition to project finance and procurement, he also works extensively on roadway pricing.  Ben is the author of Achieving Public-Private Partnership in the Transport Sector, (iUniverse Press, 2004), which provides detailed case studies of P3 projects in Portugal, Hungary, and Thailand.