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.
Markas GmbH, leading company in healthcare facility management with offices in Italy, Germany and Austria, has commissioned PMF to prepare the performance control system and KPIs as part of a proposal of hospital IT control system, to be submitted as PPP to the Health Authority of the Autonomous Province of Alto Adige/South Tyrol.
The concession will last for 15 years, with an investment value of around EUR 5 million. PMF joins the team formed by Markas for proposal’s preparation composed by, apart from Markas itself, FMPool for IT systems, SINLOC Sistema Iniziative Locali SpA as financial advisor and Thurin, Vinatzer, Zeller & Partner Law Firm for legal aspects. Financial Plan is endorsed by Südtiroler Sparkasse.
Learn more about on www.piemef.com.
Very enlightening session took place last Jan 16th at the Ecowaste Exhibition and Forum within the framework of Abu Dhabi WFES 2020, where future plans of Investment opportunities in the Waste Sector have been unveiled, with substantial recourse of private capital and expertise.
The conference, chaired by Eng Abdul Mohsin Al Katheeri, Head of Investors Support Working Group at Tadweer – Abu Dhabi CWM and participated by Tadweer top representatives, shed light on the development and implementation of sustainable and integrated programs that contribute to the Emirate’s overall waste generation in line with Abu Dhabi Environment Vision 2030.
PMF, based on its expertise in Waste PPP concessions, is ready to support industrial players, private operators and investment companies bidding for DBFO initiatives in recycling, treating and disposing waste facilities proposed to the market by Tadweer.
Great day at Workshop on Public Private Partnership within the context of 4th Annual Roads & Highways Roads and Highways Conference held in Singapore on last 9 – 11 April. All participants were very satisfied for the level of discussion raised and variety of topics passionately debated amongst attendees.
We hope that anything being discussed will be now put in practice for successful delivery of participants’ goals and initiatives.
Sincere thanks go to Singapore Land Transport Authority for hosting the visit at its Traffic Control room, allowing Conference participants to get informed about its cutting-edge ITS.
On April 21st 2017 the Isle of Capri Municipal Council in Italy has unanimously approved the Capri PPP commercial and multi-sporting complex project, to be bid internationally through a PPP arrangement. Preliminary information notice to bid is expected to be released by first half of May 2017.
PMF has been proudly partnering with CONI Servizi, the Italian Olympic Committee Technical Board, in the preparation of Capri PPP commercial and multi-sporting complex concept design, feasibility study, full business case and tender legal documentation. CONI Servizi and PMF will advise Capri Municipality throughout tender process until awarding.
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 has been commissioned from Bidders’ side to provide support in tendering waste management services for two most important schools under construction in Abu Dhabi by Aldar.