NSW Trade and Investment
DEPI Capital Projects
Invest in Finland
FS - UNEP Collaborating Centre for Climate & Sustainable Energy Finance
ACT Government - Chief Minister and Treasury Directorate
IPFA Americas: Los Angeles: Asset Monetization: Fad or the Future of Infrastructure
05 October 2011
Time: 3:30 PM
Hosted by: The Keston Institute for Public Finance and Infrastructure Policy & Marsh
Location: USC Radisson Midtown, 3540 South Figueroa Street, Los Angeles, CA
The International Project Finance Association (IPFA) is delighted to inform members of our latest meeting for Los Angeles, entitled: "Asset Monetization: Fad or the Future of Infrastructure".
As state and local governments struggle with falling tax revenues and budget shortfalls, they are looking to monetize existing public assets. In exchange for a lump sum up-front payment to government, a private entity will take over the operation of a revenue producing public asset, such as parking, toll roads, and water utilities. The private entity will collect revenues, operate and maintain the asset, and turn it back to the public sector at the end of the concession period (>25 years). The proceeds can be used to pay for infrastructure or offset other budget demands. A panel will examine recent examples from California and around the country and discuss the future of asset monetization in the US. A networking drinks reception will follow.
4:00pm Welcome and Introductions
Danette Jones, Marsh, IPFA Americas Council Member
4:15pm Panel Discussion
Chaired by: Richard Little, Director, USC Keston Institute for Public Finance and Infrastructure Policy, IPFA Americas Council Member
Natalie Brill, Chief of Debt Management, City of Los Angeles
Dale Bonner, Former Secretary, CA Business, Transportation & Housing Agency; Founder and Principal at Cal-Infra Advisors, Inc.
Tom Morsch, Managing Director, Public Financial Management, Inc
David Narefsky, Partner, Mayer Brown
Stefan Parche, President, Amber Infrastructure, LLC
John P. Stoecker, Financial Advisor, California Municipal Finance Authority
5:30pm Question and Answer Session
6.00pm Closing Remarks
6:05pm Networking Reception kindly hosted by Marsh
For further information and event enquiries please contact Daisy Brooker e: email@example.com
IPFA UK: Belfast: Update on the Primary and Community Care Infrastructure Programme
IPFA Americas: Bogota: Opportunities and Challenges in Structuring Infrastructure Project Finance in Colombia
IPFA Americas: New York: Roundtable on Infrastructure Finance in Emerging Economies
IPFA Asia: Seoul: Essentials for Sponsors: Co-Investing Equity alongside ECAs / IFIs and Practical Management of Construction Risk in Energy Projects
IPFA UK: London: European Renewables: Reaching a Tipping Point?