2nd Annual (2019)

Attracting Third Party Investment into the UK Rail Sector

Exploring the pipeline of opportunities and models for private investment

Wednesday 30 January 2019

Programme

Download

30th January 2019

08:45

Registration and refreshments

09:30

Conference welcome

Martin Watt

Counsel

Dentons

09:40

Chair’s welcome and opening remarks

James Gibbons

Assistant Director, Corporate Finance

PwC

09:50

KEYNOTE ADDRESS: Engaging with Network Rail and the opportunities for private investment

“Open for business” – how to engage with Network Rail about exploring opportunities to be involved
What are the opportunities for private investment? An update on the pipeline of project opportunities for third party involvement
How does private investment work - what are the options?

Harriet Hepburn

Director of Corporate Finance and Business Development

Network Rail

10:20

Update on market-led proposals

The forward view on the opportunity for private investment in rail

George Chilcott

Head of Rail Private Investment and Contestability, Rail Strategy Projects

Department for Transport

10:45

Morning refreshments

11:15

PANEL DISCUSSION: How can we successfully deliver public-private partnerships and move towards third party investment in the rail sector?

The clarity needed on the pipeline of projects and what options there are for private investment
The current need for private investment – can private investment help fill the infrastructure gap in the rail sector?
Where will investment come from and what investment models could work?
What are the barriers for investment and how can these be overcome?
Have we got the level of risk sharing right in the UK?
How can the UK rail sector market itself to find investment? Showcasing the projects that are available
How can the industry work collaboratively to ensure opportunities for private investment?

Kate Warner

Director of Business Development and Route Sponsorship, Network Rail Anglia Route

Network Rail

Asad Khair

Director

KPMG

Graham Cross

Chief Executive

Heathrow Southern Railway

12:15

Networking lunch

13:15

Which projects should we be investing in? How to appraise and optimise the best ones

Shortlisting and the strategic case
How to appraise the total impact of a project
How to assess the full cost of a project
How to ensure the correct decisions are actually made
How economic regulation is the key to unlocking the prize contestability

Daniel Hanson

Director

NERA Economic Consulting

13:45

Overcoming potential barriers to securing investment – the opportunities and risks for third party investment in rail

What are the entry points for investors?
The role of private investment to replace lost EU funding
Is the rail market declining? What do changing travel patterns mean for future investment?
What could Labour’s proposed rail nationalisation plans mean for private investment in rail?

Geoff Smith

Partner

First Class Partnership

14:10

What are the possible models for private investment?

What are the possible models which can be used?
What are the benefits for investors and how will they see a return?
As an industry, how do we make these models a reality?
The options for investing in stations and surrounding land

Mark Worrall

Chief Executive

Estates and Infrastructure Exchange

14:35

Afternoon refreshments

15:05

REGIONAL UPDATES: Devolution and the role of private investment in delivering projects regionally

The sources of funding available for devolved authorities
Assessing local needs and using private investment to deliver improvements
New models of investment and what is being done differently

Stephen Dadswell

Head of Corporate Finance (Project Finance)

Transport for London

Tim Wood

Northern Powerhouse Rail Director

Transport for the North

15:50

Chair’s closing remarks

16:00

Close of conference and networking drinks

*All sessions include time for Q & A*