giving life to your ppp projects - unece...finance, design, built, maintain & facility mgt...
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Hospitals Stadium PrisonsAirports
Giving Life to your PPP Projects
Bouygues Group
With 135,000 employees, Bouygues is a diversified construction and services group, with a strong corporate culture.
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30%
Power Transport
CONSTRUCTION
TELECOMS AND MEDIAS
€ 9,2 bn€ 2,4 bn
€ 11,7 bn € 2,5 bn€ 5,5 bn
PROPERTY
BC/W ROADS MEDIASTELECOMS
Sales = € 31 bn
€ 23 bn
€ 8,0 bn
Bouygues Group
USA, Canada, Chili, Cuba, Jamaica, Mexico,
Dominican Rep., Colombia, Trinidad
& Tobago…
Present on all five continentsGermany, Belgium,
Spain, Finland, France, Greece,
Ireland, Luxemburg, Monaco,
Netherlands, Portugal, United Kingdom,
Switzerland, Cyprus…
South Africa, Saudi Arabia,
UAE, Qatar, Burkina, Cameroon, Congo, Ivory Coast, Gabon, Equatorial
Guinea, Mali, Morocco, Nigeria, Senegal, Tanzania, Chad…
Croatia, Hungary, Poland (Karmar),
Czech Republic, Romania, Russia, Slovakia, Ukraine…
Afghanistan, Australia, China/Hong Kong, South Korea, India, Malaysia, Singapore, Thailand, Turkmenistan, Vietnam…
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Prisons
A World leader in PPP
120 PPP Contracts signed in the last 20 years
in 13 countries, in social and transport infrastructure
Hospitals Stadium PrisonsAirports
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Bouygues Bâtiment InternationalPPP : BOT Build, Operate Transfer
- Management of complex projects
- Project engineering
- Turnkey projects
Design
Operate
Build
Finance
Maintain
Larnaca, Cyprus
- Analysis of needs
- Overall conception
- Facilities management
- Financial engineering
- Business package
- Delegated management
- Operation-concession
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Cyprus Airports Concession
Larnaka, 7.5 Mpax, 93 000 sqm, Cyprus
London Awards for Cyprus Airport Financial Closing
Over the past 5 years, Bouygues has achieved financial closing for a total over € 7,500 M
Bouygues, leading shareholder of Hermes Airportawarded in 2006 a 25 year concession on the airport of Cyprus
2 new terminals to Finance, Optimize the Design, Build & Operate :Larnaka : 7,5 Mpax, 93 000 sqm, delivered Nov. 2009Paphos : 2,7 Mpax, 18 000 sqm, delivered Nov. 2008 on time & at cost
Shareholding : 1/3 of Local Partners
Works with Local Contractors - transfer of know-how
Structured as lead sponsor a € 612 M Financing facility
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A key player in Airport Concession
Contractor : 1/3
Operator : 1/3
Retailer & supplier : 1/3
Bouygues Bâtiment International
22%
Local Chapo 5,7%
Vancouver Airport 11%
Local Iacovou Brothers 5,7%
Egis Projects 20%
Aéroport de Nice 2%
Local Cyprus Trading Corp. 11,3%
Aer Rianta 11%
Local Hellenic Mining 11,3%
Mandated Lead Arrangers(Senior + Mezzanine)
Finance, Design, Built, Maintain & Facility Mgt
Surrey Outpatient, Canada
North Middlesex, UK
A leader in Healthcare PPP
Pierre Oudot, France
Surrey Outpatient Hospital, Canada, C$ 135 million
30 000 sqm, PPP 30 years
North Middlesex Hospital, UK, € 163 million
30 000 sqm, 160 beds, PPP 30 years, 7 theaters, Emergency,
Critical & Acute Care Center, Diagnostic & Treatment Center
Pierre Oudot Hospital, France, € 142 million
55 000 sqm, 380 beds, 9 surgical theaters, heliport, HQE
Emergency & Intensive Care, Women, Nursery, Imagery plateform
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PPP Education
Waltham Forest Schools (7), UK, Phase 1 € 70 million, Phase 2 € 132 million
Peterborough Schools (3), UK, € 63 million
Lewisham Schools (5), UK, € 88 million
Barking Schools (2), UK, € 76 million
King’s College Medical School, UK, € 97 million
Jean d’Ormesson School in France
Simone Veil School in France
King’s College Medical School, London
Barking School, London
Simone Veil, France
A key player in Education PPP
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The Home Office, Ministry of Interior, UK, € 420 million
Royal Institute of British Architects Award 2005
MIPIM Award 2008
Police Stations, France Gendarmeries in Loiret, € 8 million
Five London Boroughts Lighting, UK(over 100,000 light points)
French Pentagon (preferred bidder)
PPP Government BuildingsFive Boroughs, London
The Home Office, London
Key references in Government Infrastructure
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Paris Stade de France
Marseille Stade Velodrome
Singapore Sports Hub, a € 750 million investment project
35 ha site
55 000 seat Olympic Stadium
Olympic Swimming and Water Sport Center
500 room hotel
Shopping Gallery Sports Hub, Singapore
Landmark references in Sports Facilities PPP
PPP Stadia
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Marseille Stadium
Finance, Design, Built, Maintain & Services
Poitiers, 600 inmates, France
Cluster Design : effect of scale in site size, but a breakdown of Long Sentence, Medium, Short Sentence living area units,
avoiding high inmate concentration of same type
French leader in Prison PPP
Since 2006, 6 Prisons signed under a PPP Contractwith the French Ministry of Justice, for a total of 3 700 Inmates, an Investment of € 335 millionunder a Cluster Design approach
2 types of PPP Contract :
In both cases, Bouygues brings 100% of the Financing, Designs & Builds
For 3 prisons, only Building Maintenance is providedFor the other 3, Services are provided in addition to maintenance :
Food services : production & distribution of mealsHotel services : supply of bedding, laundryWorkshops : employment & vocational training of inmates
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A key player in Infra PPP
PPP/BOT Ground TransportationNewcastle New Tyne Crossing, UK, € 360 million
Tunnel Rostock, 1st PPP in Germany, € 218 million
Gautrain Speed Rail, South Africa, € 1 193 million
Metro Sidney, Australia, € 534 million
Bridge Machang, Korea, € 257 millio
Highway M5 Phase 3, Hungary, € 1 118 million
Highway M5 Phase 2, Hungary, € 782 million
Highway Istria, 1st PPP in Croatia, € 184 million
Highway Trans Jamaican, € 239 million
Highway N4, South Africa € 211 million
Highway A28, France, € 916 million
Highway A41, France, € 872 million
Bina Istra, Croatia
Masan Bay Bridge, Korea
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Bouygues Bâtiment InternationalPPP Development
Globally
Ease the delivery of infrastructure investments
Less project management resources to be developed by the State
For each project
Risk transfer
Achievement of deadlines
Completion within budget
Respect of quality
Conservation of asset value over time
Garanteed service delivery
Benefits of PPPs
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Bouygues Bâtiment InternationalPPP Development
Benefits of PPPs : some figures
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Projects delivered within deadlines:
76% (30% with traditional procurement)
92% (delay < 2 months)
Projects delivered within budget:
78% (27% with traditional procurement)
Most increases due to change of specifications, extra works
A MODEL OF DEVELOPMENT WORLDWIDE
Bouygues Bâtiment InternationalPPP Development
PPP Trends in Europe
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Standardisation of documents
PFI limited to larger investments (> 30m€ – transaction costs)
Pooling of smaller projects in one contract
Risk transfer to the private sector increased
Detailed design requirements
Better definition of services and social benefits
Bouygues Bâtiment InternationalPPP Development
Key requirements from the Public Sector Partner
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Engineering, Procurement, Construction role for design and build
Management: operation and maintenance of the facilities
Sponsor role: equity investment
Guarantor of the project achievement, availability and performance
Contractual documentation
Consents: planning, rezoning, licence, approvals,…
Suitable conditions for closure of the financial loans (no financial close = no project)
Role of the private sector
Bouygues Bâtiment InternationalPPP Development
Private Sector Selectivity
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Compete on projects where added value can be brought by the group
Substantial capital and resources deployed to PPP bids
Strong involvement alongside client from bid process to operations
In countries with PPP Policy, Governance and Capability
Suitable Environment (political, legal, economical, financial)
Experienced client team
Clear Process stages (PQQ, RFP, FB), shortlist of competitors, time for each stage,
competitive dialogue, partner selection criteria, realistic risk transfer
Project definition output definition, openness to design innovation, feasibility,
bankability, VFM (political and public acceptance)
Selection Criteria
Bouygues Bâtiment International
Thank you for your attention
Vincent LadougneDirector, PPP Development
[email protected]. +33 1 30 60 26 22
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