PROJECT MANAGEMENT & FINANCE
Warm thanks to the hosts for having me this morning lecturing on PPP and Sporting Facilities at the 2nd grade Master on Sports Infrastructure Design, jointly organized by University of Rome La Sapienza – Department of Architecture and Sport e Salute – Scuola dello Sport.
Special thank goes to Master Director Prof. Arch Maurizio Petrangeli and his outstanding group of graduated students.
Technical consultancy group formed by Sergent & Landry, the giant US power engineering company, together with PMF and UAE-based Sustainable Water Power Consultants (SPWC), has been awarded by ACWA Power the role of Owner Engineers for utilities’ infrastructures of Red Sea Project, the luxury tourism development on the Red Sea coast of Saudi Arabia.
The group will provide ACWA Power with required engineering services during design and construction, comprehensive of technical coordination, supervision, review and approval for a wide range of utility infrastructures, ranging from power generation (mostly relying on renewables) to water desalination, wastewater treatment and solid waste management.
PMF will be entrusted with design review and technical consultancy of the whole waste management cycle, from collection system to refuse disposal, recycling techniques and required plants construction to ensure zero-waste goal and carbon-neutral environment.
Red Sea Project, located along KSA shores, aims at being one of the most advanced and attractive tourist facilities in the Gulf area. made initially by 3,000 hotel rooms (to be extended up to 8,000), 7,500 m2 of retail, F&B and cultural buildings, a full-scale water park and other amenities, immersed in a pristine coastline of unparalleled environmental value. Project’s construction is set to commence on next 2022 and last until 2030, when Phase 2 will be fully completed. Visitors are expected to raise from 300.000/year initially to 1 million/year when the development will be fully operational.
Learn more about www.piemef.com.
On December 30, 2020, the Autonomous Province of Bolzano (South Tirol/Alto Adige, Italy) approved the proposal of the company VEBA Invest of Bolzano, initiative’s sponsor, for construction and management in Public – Private Partnership (PPP) of Long-Term Care Center called “Cura Resort”, healthcare facility annexed to Merano Hospital. The new health infrastructure will make available 100 beds in long-term care and rehabilitation, as well as a large underground parking of 700 lots for the benefit of both the structure and the Hospital. Investment value (CAPEX) is foreseen around EUR 50 million, whereas concession’s duration will be 28 years.
PMF was commissioned by VEBA Invest to design Cura Resort’s Performance Control System during construction and operation, as well as to draw up a complete set of KPIs (Key Performance Indicators).
KPIs system defines the minimum quality standards according to which contractual services of a PPP should be provided, in compliance to rules set out by Eurostat and EPEC aimed to ensure a satisfactory transfer of risk to concessionaires even in public availability-based operations. Even in case of concessions’ repayment fully assured by Public Entity’s regular payments, concessionaire’s performance should be accurately assessed and penalties in case of operator’s underperformance should be levied. Since the publication of Eurostat’s 2016 guidelines, the presence of KPIs as part of concession’s contractual documentation has been a fundamental and indispensable requirement in any PPP operation.
With this transaction, PMF strengthens its position as VEBA Invest preferred advisor for performance control systems and KPIs in their PPP initiatives.
To date, PPP projects prepared by VEBA Invest with PMF support exceed 100 million Euros of capital investments.
Learn more about www.piemef.com.
Municipality of Fiumicino near Rome has named PMF Contract Director for maintenance and waste management services of public marine areas stretching along 22 Kms of coastal area and including some of the most popular beaches among Roman sunbathers.
Most of sites being supervised by PMF are also classified as protected natural reserves, and, as such, special cleaning strategies had to be devised in order to preserve their unique environment.
This is the second beach maintenance engineering contract in a row to be awarded to PMF this year, after 15 km of exclusive shoreline to be looked after in Salento, in the southernmost Italian Adriatic coast.
The Italian administrative body of Lazio Region, housing the City of Rome, has approved 16 projects submitted by PMF on behalf of various Municipalities of Lazio, relative to the construction of community aerobic composting plants and Municipal collection facilities for sorted recyclables (Eco-centres), both opened to public for self-use.
Total amount financed by the Region on PMF projects accounts for more than 3.5 million euros.
Tender for the awarding of 30 USD million, 7-year waste collection service contract at Santa Marinella (Rome, Italy) has been officially published by the Municipality. Offers are expected to come from leading waste management companies nationwide and internationally.
PMF has taken care of drafting the project and preparing tender technical and legal documentation.
PMF will advise the Municipality of Santa Marinella throughout tender process until awarding.
PMF Waste management plan prepared for the City of Santa Marinella, 70 kms north of Rome (ITA), has been officially presented on last 23rd January at press conference held by city’s Mayor. The 7-year, 28 Euro million contract for city sweeping, door-to-door collection, recycling and disposal of municipal waste will be announced for tender in the upcoming weeks.
PMF has introduced an articulated set of KPIs against which winning contractor’s level of service provided will be measured and sanctioned in case of underperformance. In this way awarding Administrations can continuously monitor providers and achieve the desired high-quality level of public services outsourced.
PMF will be lecturing at the II° Edition of the high specialization course on the Development of sporting facilities, organized by LUISS Business School in partnership with CONI School of Sport and “Istituto per il Credito Sportivo”.
Classes will be held in Rome at the Olympic Training Center “Giulio Onesti” . The teaching modules were designed under the direction of a scientific committee made up of eminent professionals of the sport industry and infrastructure and composed by Fabio Bandirali, Ciuffetti Rossana, Alberto Germani, Francesco Romussi, Eliana Ventola and Alessandro Zattoni.
The lecture of Alberto Germani, Technical Director of PMF and Chairman of the Project Finance workshop within the course, will be: “The Public Private Partnership and Project Finance: definitions and characteristics”. Financial aspects of project finance.”
PMF and Danieli & C. Officine Meccaniche SpA, the Italian worldwide leading industrial plant manufacturer, have signed a 5-year cooperation agreement for joint designing and development of wastewater and hazardous water treatment plants.
By virtue of the agreement PMF is now able to promote a series of flexible, innovative and revenue generating facilities suitable for MENA, Asian and African markets.
PMF Managing Director Alberto Germani has invited to attend as guest speaker the “PPP for the Developing World” conference organized by Marcus Evans taking place on next 9-11 May 2016 in Dubai.