2nd Annual (2019)

Attracting Third Party Investment into the UK Rail Sector

Wednesday 30 January 2019

Programme

Download
08:45
Registration and refreshments
09:30
Chair’s welcome and opening remarks
09:40
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
Corporate Finance and Business Development Director
Network Rail
10:10
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
10:30
The investor perspective – what are investors looking for?
  • Appetite for investment in the rail sector
  • Challenges, concerns and risks of investing in rail
  • What are the opportunities for investors?
10:55
Morning refreshments
11:25
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
12:25
Networking lunch
13:25
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
13:50
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
14:15
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
14:40
Afternoon refreshments
15:10
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
16:00
EAST WEST RAIL UPDATE: The opportunities for investment
  • Working and engaging with the private sector regarding opportunities to support the East West Rail
  • Using a DBFO model to secure investment
  • Lesson so far and engaging with the private sector
Speaker from
East West Rail
16:25
Lessons from outside the UK: what can we learn from rail investment internationally?
  • Learning from international projects
  • What models have been used and how can we apply learnings in the UK?
  • Is the risk proposition different in different countries?
16:50
Chair’s closing remarks
17:00
Close of conference and networking drinks

*All sessions include time for Q & A*