P3 Airport Summit July 24-25, 2017 San Diego, California. p3airportsummit.com JULY 24-25, 2017 MANCHESTER GRAND HYATT SAN DIEGO, CA

Similar documents
Thank You to Our Sponsors

2018 P3 Airport Summit July 23-24, 2018

Medical Director. Essential Education for Physician Advisors and Medical Directors in Case Management

NOVEMBER 2017 SOUTH TERMINAL UPDATE FEATURED STORIES. Leadership Profile: Mike Patterson, Director of Construction

Eagle Project Update

Denver International Airport Request for Qualifications (RFQ) Gate Holdroom Concession Services Concourse C West Expansion

Financing Transit Projects with Traditional and Innovative Sources And Mechanisms

TRANSMITTAL TO CATE COUNCIL FILE NO Deborah Flint. Executive Director Department of Airports

BANK M&A + STRATEGY EVENT. The Financial Industry s Premier. January 31- February 2, Phoenix Arizona Biltmore. 22nd Annual

ipt BOARD OF AIRPORT COMMISSIONERS REPORT TO THE

P3s What You Need To Know Before The Proposal ACI-NA Winter Board & CEO Forum

The Community. p a g e 3

Reinventing Older Communities. Photo by Melissa Kinney. Bridging GROWTH. May 12 14, 2014 OPPORTUNITY. Loews Philadelphia Hotel

Date SUBJECT: REQUEST FOR PROPOSAL FOR DEVELOPMENT OF THE WILMINGTON OIL FIELD. Dear Vendor:

Massachusetts Department of Transportation (MassDOT) Route 3 South Managed Lanes Project DRAFT FOR DISCUSSION PURPOSES ONLY

Utility RFPs for Renewable

Dear Preservationist and/or Conference Planner:

P3 FOR BUILDINGS HIGHER EDUCATION. Demand for Public Private Partnerships in higher education spurred by uncertainties in government funding.

SEPTEMBER 16, 2014 ARMY/NAVY CLUB WASHINGTON, DC

Public-Private Partnership Program May 2015 Transit Coalition Update

UESI 2018 Surveying & Geomatics Conference

Los Angeles World Airports

The U.S. Conference of Mayors Workforce Development Council (WDC) Board Meeting June 21-23, 2007 Los Angeles, California

Allegheny Conference 2018 Event Schedule

SEPTEMBER 16, 2014 ARMY/NAVY CLUB WASHINGTON, DC

WHERE FINANCE, MARKETS AND TECHNOLOGY MEET TO ACCELERATE CLIMATE ACTION

The Contractor s Handbook

LA Gateway Partners LAX ConRAC Outreach Meeting January 25, 2017

May 22, Pamela Bailey-Campbell. Vice President - North America Infrastructure Consultancy Jacobs Engineering, Inc.

LEVERAGING TRADE AND INVESTMENT TO BUILD A STRONGER ECONOMY

Gateway International Nigeria Serving the Greater Lagos Market Gateway International Airport Nigeria Update for World Route Development Forum, Berlin

CALIFORNIA HIGH-SPEED RAIL DIANA GOMEZ

ITE 2015 International Annual Meeting & Exhibit August 2-5, 2015 The Diplomat Resort & Spa Hollywood, FL, USA. Agenda (subject to change)

BUSINESS INCUBATION TRAINING PROGRAM

SEPTEMBER 16, 2014 ARMY/NAVY CLUB WASHINGTON, DC

FLORIDA NATURAL GAS ASSOCIATION S 3 RD BIENNIAL SUMMIT ON NATURAL GAS September 19-20, 2013 Orlando, FL

2018 Western Regional Angel Summit

CITY OF SAN ANTONIO AVIATION DEPARTMENT 49 CFR PARTS 26 & 23 DBE AND SBEDA PROGRAMS OVERVIEW

Best Practices in IP Licensing: Developing, Negotiating & Executing Transactions

SAN FRANCISCO AIRPORT COMMISSION MINUTES

TRB National Cooperative Rail Research Program: Report 1. Alternative Funding and Financing Mechanisms for Passenger and Freight Rail Projects

National Meeting and Training Conference Baltimore Hilton Baltimore, Maryland

2015 Annual Meeting. Leadership Summit. California Radiological Society. Earn up to 9 Units of Continuing Education. California Radiological Society

Los Angeles World Airports

SAN FRANCISCO AIRPORT COMMISSION MINUTES

Greater Seattle International Leadership Mission to Singapore. Regional Unity. Smart Growth. Global Competition. DRAFT AGENDA

Local Taxes and Highway Tolls: The New Normal

Get Ready for San Diego Your Guide to Everything CONNECT 2017

SAN FRANCISCO AIRPORT COMMISSION MINUTES


Sponsorship Proposal

The Michigan Initiative for Innovation & Entrepreneurship A consortium of public universities for transforming practice and culture

First-Timer's Guide to the 2017 National Brownfields Training Conference

Integrating care: contracting for accountable models NHS England

PAINTER EXECUTIVE SEARCH

TRANSPORTATION RESEARCH BOARD. 85th ANNUAL MEETING

The Americas Competitiveness Forum II Executive Report September 1, 2008

Preliminary Agenda (as of )

MEMORANDUM. July 7, 2016

SAN IPSE CAPITAL OF SILICON VALLEY ?/2W/(T. Memorandum TO: HONORABLE MAYOR AND CITY COUNCIL. FROM: Kim Walesh Jim Ortbal

Kendall Corridor Development Miami, Florida

Public Private Partnerships

REQUEST FOR PROPOSAL THE WORLD FORUM FOR FOREIGN DIRECT INVESTMENT

Under the High Patronage of H.E. Abdel Fattah El-Sisi President of the Arab Republic of Egypt

Q & A MANDATORY SESSION PASSENGER LOUNGE SERVICES OPERATOR(S) REQUEST FOR INTEREST (RFI) NO

LEADERSHIP ANNUAL GIVING: KEY COMPONENTS OF A SUCCESSFUL PROGRAM

S 2015 TRATEGIC PLAN

DAILY UPDATE. Tuesday, October 24. Los Angeles Convention Center Los Angeles, California

ACTION ENTREPRENEURSHIP GUIDE TO GROWTH. Report on Futurpreneur Canada s Action Entrepreneurship 2015 National Summit

US TOLL ROAD REDUX RAYMOND H. ELLIS, MANAGING DIRECTOR DMJM HARRIS, AECOM TECHNOLOGY CORP.

MILKROUND S EVENTS CALENDAR JULY 2016 JUNE 2017

2017 REGISTRATION BROCHURE. Featuring Keynote Speaker Alex Castellanos

2018 Sponsor/Exhibit. Northeast Sustainable Energy Association 50 Miles Street, Greenfield, MA (413)

2018 AASHE CONFERENCE & EXPO OCTOBER 2-5 PITTSBURGH, PA. Exhibit & Sponsorship Opportunities

Leadership Profile: John Guirges, Senior Program Director

For additional information about ACT please contact: ACT National Headquarters phone: PO Box facsimile:

CONSTRUCTION COMMITTEE MEETING AGENDA

Transmittal Letter. Via Hand Delivery. January 10, 2011

CONSTRUCTION COMMITTEE MEETING AGENDA

CoStar News - Prologis Sees More Opportunities Amid Disruption in Gl...

THE DISADVANTAGED BUSINESS ENTERPRISE PROGRAM

VictoriaRealEstateExpo.com or

CONNECT. COMMUNICATE. COLLABORATE.

PROSPER OMAHA REPORT. Leveraging Extraordinary Opportunities for the Region

21st Annual Western States Loan Servicing Conference

YOUR COMPLIANCE TEAM S EXCLUSIVE ACCESS SUPPLY CHAIN SUMMIT SERIES LONDON CHICAGO SAN DIEGO

Final Report. Of the attendees who completed the post-event survey, 91.1% strongly agree or agree that participating in the event was beneficial.

Federal Budget Firmly Establishes Manufacturing as Central to Innovation and Growth Closely Mirrors CME Member Recommendations to Federal Government

D4 is a diverse coalition of residents, unions, environmental, faith-based and community organizations united to strengthen metro Detroit through

The shortest, clearest path to success. Business Incentives Practice

What Every Startup Should Know to Avoid Financing Pitfalls UNIVERSITY STARTUP DEVELOPMENT WEBINAR SERIES

4th CALL FOR PROPOSALS

Leading Consulting Fee Schedule 2017

SEPTEMBER 16, 2014 ARMY/NAVY CLUB WASHINGTON, DC

Construction Management Building Blocks Program

Long Beach Civic Center

Next Generation Outsourcing

U.S Department of Agriculture. Agricultural Outlook Forum February 20 & 21, 2003 NEW PROGRAMS TO BENEFIT RURAL HOUSEHOLDS AND BUSINESSES

ACRP AMBASSADOR PROGRAM GUIDELINES

TEXAS MARITIME UPDATE

Transcription:

JULY 24-25, 2017 MANCHESTER GRAND HYATT SAN DIEGO, CA P3 Airport Summit July 24-25, 2017 San Diego, California Register early and save. Early bird pricing ends June 2!

Where Partnerships Begin Public-private partnerships have seen much recent success in delivering critical infrastructure across the country. As some airports face challenges in finding ways to enhance their capacity to fund and construct major expansion or even maintain needed infrastructure to support near and long term growth, many are looking to P3s as an opportunity to facilitate growth. Today, a variety of alternative delivery models are providing airports new tools to address complex infrastructure challenges. Have you considered how partnerships might bring your airport projects to completion? Join us for 2 days on the latest modes of airport infrastructure delivery. The Summit will focus on P3 development, project management, and networking for airport owners, operators, and industry professionals. 2017 PROGRAM PREVIEW Our program is designed to help you explore alternative delivery methods, plan and procure successful P3 initiatives, discover industry best practices in selecting and negotiating with partners, and steps to take to ensure project success. The agenda will examine airport infrastructure challenges faced nationwide; and how innovations in project delivery, procurement, life-cycle asset management, and technology can help solve them. Please join us for what is sure to be an informative, fun, and rejuvenating experience in sunny San Diego!

PROGRAM SPONSORS

PROGRAM AGENDA MONDAY, JULY 24 Registration Open Monday, July 24, 7am 5pm Pre-Summit Activities P3 101 Breakfast (Open to Owners & Airport Attendees Only Advanced Registration Required) 8:00am - 9:30am 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, repairs and maintenance. 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. Formal Summit Activities Welcome & Opening Remarks 9:30am - 10:00am Guests are welcomed by a short synopsis of our agenda, a thank you to our sponsors and a brief discussion on the importance of public-private partnerships. Also, a special welcome by Kimberly J. Becker, newly appointed President/CEO of San Diego County Regional Airport Authority and the nation s busiest single-runway airport. Keynote Address: Deborah Flint, Executive Director of Los Angeles World Airports 10:00am - 10:30am Ms. Flint was appointed Chief Executive Officer of Los Angeles World Airports (LAWA) in June 2015, with oversight of Los Angeles International 10:00am - 10:0am and Van Nuys 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. Roundtable Discussions 10:30 am 12:00 pm Roundtable discussions are designed to facilitate short informal conversations among groups of participants. Facilitators will guide discussions at each table by presenting some of the most notable case studies, targeted issues and topics shaping the P3 Airport landscape across the country. Table 1 - P3 Delivery, Is It Right For My Airport Project? A discussion on what a P3 delivery method is and what it is not. There are many different perspectives and misconceptions regarding P3 delivery methods we will discuss them. Airports are complex operations requiring the balancing of many different interest; private sector tenants, federal government regulators and agencies, public sector accountability, local state and federal politics just to mention a few. We will discuss key considerations an Airport Owner/Operator should take into account when considering a P3 delivery method for their airport project. Finally we will discuss an evaluation process dealing with both qualitative and quantitative considerations to determine if a P3 delivery method is right for your project. Table 2 - How to Achieve Success with an Airport P3? Perhaps more so than in any other transportation sector, successful airport P3 projects depend on how well existing, well-tested P3 models can be adapted to the needs of a particular airport project, especially because of the unique regulatory and commercial realities of the domestic airport sector. In this roundtable we will role-play model projects from the perspectives of both the public and private sectors to see how P3s can succeed in helping airport sponsors address critical infrastructure and service needs. We will focus on the regulatory imperatives, such as revenue use/diversion, unjust discrimination, exclusive rights, and airline contractual rights, that are unique to the industry and which, if not considered and addressed at outset, could result in a failed project. Table 3 - Piloting your way to success! Project champions on the Owner s side This roundtable will address the role that often falls to agency officials as they are tasked with bringing to life the vision of political leaders often falls to agency officials. P3s are a complex model that

PROGRAM AGENDA create tremendous opportunities in the airport sector. Recent examples include LaGuardia central building terminal modernization, LAX landside program, San Diego Airport and Westchester County. How can public and private proponents encourage/educate airport executives, boards, and politicians to stimulate consideration of P3 and avoid the pitfalls that often come of misunderstanding of this innovation alternative project delivery mechanism? Table 4 - Airport Credit Profile: Do P3s and Private Project Financings have an Impact? Do P3s or project financings affect an airport s credit profile? What has been the experience to date? What concerns do airport investors have when airports utilize alternative project financings? How does the risk profile of certain projects change between public and private ownership? Table 5 - Puerto Rico s P3 Success and Plans Before 2013, Puerto Rico s main airport, and the largest in the Caribbean, suffered from outdated facilities, deteriorating infrastructure, and subpar service. In addition, the Ports Authority, responsible for the airport, was highly indebted with limited capacity for capital improvements. After 2013, following the establishment of a P3 in the Luis Munoz Marin International Airport, travel experience, amongst other things, has dramatically improved, generating significant benefits to both the concessionaire and the Government. In 2017, banking on the success of what is considered one of the best examples to follow in airport concessions, this roundtable will address Puerto Rico success establishing an airport P3 and promote plans to undertake P3 procurements for the other airports in the Island and United States. Table 6 - Assessing P3s From The Owner s Perspective Let's discuss the feasibility, risks, and merits of P3 projects from the owners perspective. This roundtable session will explore the conflicts that trouble owners exploring P3s, and how the private sector can prepare to address/or solve those concerns, so as to ensure a more fluid, efficient and effective process and project. Table 7 - What Makes a Good P3 Project, and How to Start Not every project can or should be delivered as a P3. Before initiating procurement for a P3 project, airport stakeholders typically undertake a business case analysis to determine whether a P3 is likely to yield higher public benefit than a more traditional procurement method. As the US P3 industry develops, airports have had to adapt international evaluation methods to fit US market characteristics and regulatory requirements. How are US public agencies determining the optimal delivery model for their projects? What is the value proposition for a P3?; What are the unique stakeholder concerns that must be anticipated?; How can you determine whether a project is suitable for P3?; What obstacles are hindering the P3 market?; This will be an interactive discussion with the audience, so please come, learn and participate! Table 8 - Influence of Design Within the P3 Process Innovative design is frequently the deciding factor in a successful P3 bid. This session explores the impact of design strategy (Planning, Engineering, Architecture) on the outcome of a P3 process. Our facilitator will share their extensive experience on this subject and discuss the different and significant ways that design influences the operations, construction and the functionality of the facility; points which will be discussed in relationship to cost, schedule and performance. Table 9 - Airport P3s: The Benefits Beyond Financing In today s world of high liquidity, financing for P3s tends to pose less of a challenge for airport authorities and bidders. However, the P3 model for airports offers more than just funding; in a flexible way, it can provide solutions that add expertise, drive innovation and allocate risk while appropriately balancing levels of control and recognizing the complexity of airport projects. Join the discussion around tapping into the P3 benefits beyond financing for airports. Table 10 - Common Pitfalls in P3 Procurements Greenfield DBFM/DBFOM procurements are complex, lengthy, and typically a new experience for many of those involved on the side of the public sector client. As such, there are many elements that can

PROGRAM AGENDA contribute to a more or less efficient, more or less competitive, more or less successful procurement; most of which can be addressed effectively through adequate preparation. A procurement that is demonstrably set up to navigate these challenges successfully and efficiently will maximize the private sector bidders and local stakeholders confidence in the procurement process and thereby generate the highest level of competition possible. This roundtable explores some of the common pitfalls in DBFM/DBFOM procurements and how they can be avoided, all based on real-life examples and experience from different projects around North America and other parts of the world. Table 11 - Maintaining Control of my P3 Project: A Public Owner s Perspective Many owners have started down the P3 path for their Airport project only to find out that they have lost control of the project (maintaining customer service, having the contractor perform to schedule and budget, or having the project go a new direction). This round table will discuss how to avoid the pitfalls with proper procurement documents and procedure and how to approach disagreements with a development partner. Networking Lunch 12:00pm - 1:30pm Development of Airport Projects Through A P3 1:30pm - 2:30pm 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. Opportunities To Innovate And Implement Operational Best Practices 1:30pm - 2:30pm 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 benefitted airport operations using the P3 model. Comparative Analysis and Value for Money Decisions 2:45pm - 3:45pm 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. Airports Coming of Age What s Over the Horizon and What Assets Make Sense for P3 2:45pm - 3:45pm 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. Networking Coffee Break 3:45pm - 4:15pm

PROGRAM AGENDA P3 Perspectives of Different Stakeholders 4:15pm - 5:15pm Why isn t every project delivered as a P3? In deciding whether to move forward with a P3, airports, investors, design-builders and operators face a slew of factors that can make or break the deal. From an airport's perspective, these include suspicion or trust of private financing, the degree to which the asset at issue is perceived as core to the airport's function, the airport's willingness to cede control over design and operation, concerns about fair treatment of existing employees, and the presence or absence of a political champion. Design-Builders deal breakers may include confidence in the project owner s commitment, allocation of construction risk, and in instances of elevated risk transfer, a corresponding ROI. Investors and operators may focus on long-term relationship risk and asset strength. Join panelists for a candid discussion to help understand the perspectives and desired balance to be achieved by both the Public and Private sectors in determining the toughest factors that make the difference between closing a deal and walking away from the table. Mastering the Art of P3 Airports 4:15pm - 5:15pm 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. Opening Night Welcome Reception 5:30pm - 7:00pm Join us at this special evening networking event for all Summit attendees. Meet with speakers, exhibitors, and Summit delegates. TUESDAY, JULY 25 Conference Networking Breakfast 7:00am - 8:30am Join us at this special evening networking event for all Summit attendees. Meet with speakers, exhibitors, and Summit delegates. Lessons from US Airport P3s: Perspective on Current and Perspective Projects 8:30am - 9:30am 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. Beyond the Terminal P3: CONRACS, Cargo, Fuel Facilities, FBOs 8:30am - 9:30am 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? Comparison of Alternative Delivery Models 9:45am - 10:45am This panel discussion will compare and contrast three types of alternative delivery models: progressive design-build, availability payment, and revenue concession, and their respective suitability for airport capital projects.payment, and revenue concession, and their respective suitability for airport capital projects.

PROGRAM AGENDA 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. Balancing the Tensions Legal, Financial and Technical 9:45am - 10:45am 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. Networking Coffee Break 10:45am - 11:15am Keynote Address: Jane Garvey, North American Chairman of Meridiam 11:15am - 11:45am 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. The Structure is Key 360 Considerations for Successful Airport P3s 12:00pm - 1:00pm This panel brings together key stakeholdersand private sector experts to discuss important ingredients of a successful structure for airport P3 projects. The panelists will discuss lessons learned from past projects and assess the applicability of various models for differenttypes of airports. Stakeholder engagement and the determination of how value-for-money can be achieved willbe key aspects of such assessment. Public andprivate sector representatives will comparenotes on what they view as key elements ofthe risk transfer. Given the complex nature of airport infrastructure assets, key interfaceissues and important regulatory issues will also be discussed. LaGuardia Central Terminal B: Financing the Largest Aviation P3 in America 12:00pm - 1:00pm 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. Unleashing Value at Airports and Terminals 12:00pm - 1:00pm 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 numerousbenefits 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.

PROGRAM AGENDA Networking Lunch 1:00pm - 2:30pm Why the F in DBFOM? 2:30pm - 3:30pm 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. Understanding and Negotiating P3s at Medium and Small Hubs 2:30pm - 3:30pm 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. Peña Station Next: An Integration of Airport Property, Linked Transit P3s and Commercial Development 2:30pm - 3:30pm 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 TOD is named Peña Station Next ). The construction of this transit station, one of three on DEN land, was funded by the airport and is located on the new FasTracks commuter rail line connecting DEN to Downtown s Denver. The FAA and the airlines became key stakeholders in this hybrid P3 model. Interestingly, this hybrid P3 project directly benefited from two larger P3 projects, the Eagle P3 transit line project (a more traditional model) and Denver s Union Station redevelopment (another hybrid model). Peña Station Next is 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.These types of airport-related TOD opportunities also require creative land development financing and coordinated economic development efforts to attract the commercial developers and tenants required to complete the whole puzzle. Peña Station Next was successful in landing Panasonic Enterprise Solutions Company as the anchor tenant which, in turn, allowed other elements of this P3 TOD to crystalize as an envisioned global showcase for smart and sustainable community development. What started as a traditional procurement evolved into much more of a market-driven, private sector type project, including many of the starts and stops and change orders typical of large real estate projects. The resulting lessons-learned are relevant for the dozens of airport-related TOD projects in process now both domestically and internationally. Availability Payment & Deductions What is Different with Airports 3:45pm - 4:45pm Availability payment mechanisms, together with associated deductions regimes, are an essential part of P3 projects. Each P3 project type - social infrastructure, healthcare, highway - has its own slightly different model; in this session we will discuss what makes aviation-related payment and deduction mechanisms different. P3 Questions and Answers Discussion Session - Where to Go From Here? 3:45pm - 4:45pm Join industry leaders for a closing conversation specifically tailored to audience questions and answers about public-private partnerships. Attendees will have the opportunity to submit questions in advance, and also join in the discussion, on the benefits, values, and applications of P3s in an open dialogue. This closing session will provide a helpful roadmap of next steps to consider after the Summit. Eyes Wide Open: Airport Owner P3 Preparedness 3:45pm - 4:45pm Airports have unique challenges when preparing for public-private partnerships. Success requires a clearly defined project and P3 structure, a well thought-out procurement process, internal political will, managing public expectations and perception, and fostering of a strong partnership with a variety of stakeholders. Join us for a lively panel, by airport, construction, development, and financial officials, discussing a series of questions to ask and issues to overcome when considering the P3 delivery method. This panel intends to provide a balanced view of the pros and cons of the P3 process and provide an "eyes wide open" list of challenges an airport must consider when planning, procuring, and negotiating a successful P3 initiative (and how to course correct if the wheels come off!). Summit Ends 4:45pm

PROGRAM AGENDA Pre-Con Workshops Exhibition Hall Networking Events Join industry leaders and the Association for the Improvement of American Infrastructure (AIAI) members 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. 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.

Who Attends? The P3 Airport Summit is a part of P3C, which delivers some of the largest infrastructure focused events in the country and attracts public leaders, project managers, industry executives, and P3 development experts. Our attendees include senior management from firms in the construction, engineering, design, legal, investment and consulting industries as well as senior business and facility administrators from airports across the nation. Our audience offers a unique and valuable opportunity to network with present and future partners in a information driven, networking focused environment. Many attending the Airport Summit are project owners considering alternative project delivery and exploring partnerships. You will find professionals with the following backgrounds on the conference floor: Airports: C-level executives, executive directors, presidents, board members, business and finance officers, planners and engineers, and other senior administrators. Private Sector Audience: C-level executives, presidents, vice presidents, business development leaders, and managing directors. 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 owners, and learn new methods to address complex project delivery goals.

GROUPS REPRESENTED DURING THE EVENT AIAI Airmall Aldridge Electric Alleghency County Airport Authority Alliant Insurance Services Alston & Bird LLP American Airlines APP Properties, Inc Arthur J. Gallagher & Co. Arup Austin Bergstrom International Airport Austin Commercial Austin Industries, Inc. Balfour Beatty Infrastructure, Inc. Becker & Poliakoff Beezley Management Bennett Jones LLP Broward County Aviation Dept. BuroHappold C&S COMPANIES Carillion Carlton Fields, P.A. CCR Group Centennial Airport City of Longmont City of McKinney City of Rancho Palos Verdes City of San Antonio, Aviation Department City of San Diego Real Estate Assets Dept Clark Construction Clark Hill PLC Clark Pacific CohnReznick LLP Construction-CAD Solutions Corgan Credit Agricole CIB Davis Wright Tremaine DCI Engineers Debevoise & Plimpton LLC DeCosta Consulting, LLC Delta Airlines Denver International Airport Des Moines Airport Authority Des Moines International Airport DIALOG District Department of Transportation Dorsey & Whitney LLP DY Consultants ECORP Consulting, Inc. Edgemoor Infrastructure & real Estate EFI Global, Inc. El Paso International Airport Elite Line Services Enterprise Holdings Faithful + Gould Federal Aviation Administration Ferrovial Airports Financial Freedom Funding LLC Fitch Ratings Frasca & Associates Freese and Nicholsr Front Range Airport Gannett Fleming Gensler Gilbane Building Company Goldman Sachs Hawaii State Legislature HDR Heath & Lineback Engineers, Inc. HNTB Corporation HOK Group Hollywood Burbank Airport Husch Blackwell Illinois State Board of Investment InfraWEST International Air Transport Association Jacobs JE Dunn Construction Jensen Hughes JLM Strategic Talent Partners John Martin Structural Engineers Johnson Controls Jviation Kaplan Kirsch & Rockwell Kent State University Airport Kiewit Development Company Kimley-Horn Kohrs Lonnemann Heil Engineers, PSC Kutak Rock LLP La Plata County Economic Development Alliance LaGuardia Gateway Partners Lee + Elliot Leigh Fisher Liner LLP Loop Capital Los Angeles World Airports Louis Berger US M2P Consulting Macquarie Capital MAG USA Majestic Realty Co. McCarthy Building Companies, Inc. McKinsey & Company MDC, Inc. Meridiam Infrastructure Metropolitan Washington Airports Authority Miami-Dade Aviation Department Miyamoto International Moodys Mortenson NBIC Associates Nossaman OAG Oaktree Capital Management Oklahoma Aeronautics Commission Ontario International Airport Authority P2S Engineering, Inc. Paine Field, Everett, Washington Parsons Pasely Management Group PCL Construction Pease Development Authority Pekar & Abramson PFM PGAL Philadelphia International Airport Piper Jaffray Planning & Management Services, Inc. Plenary Group PMA Consuiltants Propeller PRT Consulting Puerto Rico Luis Munoz Marin Airport Q&D Construction, Inc. R.C. Construction Co., Inc. RESET Richards, Watson & Gershon Rutan & Tucker S&P Global Ratings San Diego Airport Authority San Jose International Airport SBI Consultants, Inc. Siemens Postal, Parcel & Airport Logistics SITA Skanska Southwest Airlines St Pete-Clearwater International Airport St. Louis Lambert International Airport Stantec Star America Infrastructure Partners Suffolk Construction Sundt Construction Swanson Rink Syska Hennessy Group TBI Airport Management Teel Construction Telamon Enterprise Ventures Port Authority of New York and New Jersey The Walsh Group The Weitz Company Thornton Tomasetti Tri-State Airport Troutman Sanders LLP Turner & Townsend Turner Surety and Insurance Brokerage U Street Parking, Inc UK Department for International Trade UNITE HERE Airport Group United Airlines Vanderlande Industries Inc. Vanir Construction Management, Inc. Vantage Airport Group Walter P Moore Watry Design, Inc. Wayne County Airport Authority Webcor Builders Westfield Whiting-Turner William Blair & Company Winstead PC WOODS BAGOT Woolpert WSP Parsons Brinckerhoff & AIAI

What to Expect? GROUPS REPRESENTED DURING THE EVENT 40% of delegates represent a public owner, airport, or airline 650 75 30 Delegates participating in the Summit subject matter experts speaking panel, roundtable, and case study sessions 65% of attendees are C-Level or Senior Level Executives Public Owners and Stakeholders 20% 17% 40% 13% 10% Contractors Developers Legal Other Service Providers West Coast East Coast Midwest Southwest 37% 28% 19% 12%

REGISTRATION INFORMATION Conference and Hotel Information Please Read Carefully Registration Types Manchester Grand Hyatt Getting There General Audience - Regular Registration - $1,150 Register by Friday, June 2nd, 2017 - Last Minute Registration - $1,295 Government/Airport Employee - Regular Registration - $345 Register by Friday, June 2nd, 2017 - Last Minute Registration - $595 Registration includes admission to general sessions, roundtable sessions, exhibition hall, networking receptions, breakfasts and lunch receptions. The beautiful Manchester Grand Hyatt San Diego Hotel is our event headquarters. A block of rooms are being held at the hotel at a special rate of $219. Reservations must be made by July 10, 2017 or before the block is sold out in order to guarantee this rate. Reservations made after this date can only be honored on a space and rate available basis. To make your hotel reservations, call the hotel directly at (619) 232-1234 and identify yourself as part of P3 Airport Summit The Manchester Grand Hyatt San Diego is located at 1 Market Pl, San Diego, CA 92101. One major airport serves the San Diego area and is convenient for staying at Manchester Grand Hyatt Hotel: San Diego International Airport 3.0 miles We have have partnered with ride share app company, Lyft, to provide attendees transportation to and from the event at Manchester Grand Hyatt. Before you request a ride, go to the payment section of the Lyft app, and enter the credit code "P3Summit" under the "Add Payment Method" section. There is a Lyft icon to the left of the box. The applied credit is displayed on the ride payment screen. This code is eligible for two rides up to $20 each for new and existing Lyft users for transportation to and from the event at Manchester Grand Hyatt.