The following is
a list of the main non confidential projects on which the Directors of Mobsby
Associates Limited have worked, either as directors of Mobsby Associates or during
the last five years. Some earlier "pioneer" projects have also been included.
The assignments involved advisory work and/or arranging and providing finance
for projects for both the public and private sectors, in many countries and in
many sectors.
| UNITED KINGDOM
PPP/PFI | |
| Durham
& Derwentside Joint PFI Healthcare Project | Financial
advisor appointed by the Grosvenor House Group consortium, which has been prequalified
as one of 3 bidders for this PFI project. Comprises a mental health unit and a
primary care unit. Approximate value £40 million. 2006 |
| Aquila
Holdings | working jointly with Tutt Associates, identifying
potential equity investments in operating PFI project companies via the PFI Equity
Secondary Market. Following identification, assisting with negotiating the investment
until conclusion. 2005 |
| Victoria
and Albert Museum | advice on the Outline Business Case
for the implementation of the PPP Spiral Project. 2003 and ongoing |
| Natural History Museum | PPP
financial advisor for a new CHP power and heating system, to be utilised by the
Natural History Museum and the Victoria & Albert Museum. 2002/2003 and ongoing |
| N.E.Derby County Council Social Housing
Project | financial adviser to the Preferred Bidding Consortium.
2003/2004/2005 |
| Hereford
NHS hospital | financial adviser to the consortium selected
as the Preferred Bidder. Project reached financial close and is under construction.
Project value £70m. 1999 |
|
South Manchester NHS hospital | provided commercial support
to the consortium selected as the Preferred Bidder. Assisted in the selection
of the independent financial adviser. Project reached financial close and is operating.
Project value £80m. 1999 |
|
Royal Infirmary of Edinburgh | - leading member of the
arranging and funding group of banks for one of the bidders, Consort (RBS and
Balfour Beatty) on this major PFI hospital. Project value £150m. 1997 |
| The Dartford Crossing Project (Queen
Elizabeth II Bridge) | Director of team that arranged
the financing of the Dartford Crossing Project in the UK. The first build, own,
operate and transfer (BOOT) project in the UK. Project value £120m. 1986/87 |
| Bridgend Prison |
(a)internal financial adviser to the consortium which was selected as Preferred
Bidder and investor in Bridgend Custodial Services Limited for the Bridgend Prison
project, one of the first Private Finance Initiative prison projects in the UK.
Project value £82m. 1996/2000
(b) Director of the internal financial
advisory team appointed by Bridgend Custodial Services for the refinancing of
Bridgend Prison. |
| Fazakerly
Prison | Internal financial adviser to the consortium
which, together with Bridgend Prison, made the lowest bid. Prison Service decided
that for policy reasons, the first two private prisons could not be awarded to
the same consortium. |
|
Metropolitan Police Area 4 | financial adviser to bidding
consortium. Project value £35m. 1997/98. |
|
British Transport Police, Headquarters and Police Station |
financial adviser to bidding consortium. Consortium reached last two, but not
finally selected. Project value £30m. 1999 |
|
Lincoln Police Estate | Member of team appointed by Lincoln
Police which carried out an initial review of the Lincoln Police Estate and the
options, including the PFI, for developing a new country Headquarters and three
new divisional headquarters. 2001/2002. |
|
Army Technical Support Agency (ATSA) Andover project |
Financial adviser to one of the bidding consortia. Project withdrawn by Government
after Defence Review. Project value £25m. 1996/7. |
| West Cumbria College | Financial
adviser to the College. Reviewed options of public sector funding and the PFI.
Project selected for public sector funding. Prepared business case. Project value
£25m. 1997 |
| Private Finance
Initiative Secondary Market | Assistance to a group of
investors interested in setting up a Private Finance Initiative secondary market,
where the original equity investors in individual Private Finance Initiative companies
can dispose of their equity participations to recycle these funds into new projects
and contracts. Project value £20/30m. 2001/02. |
|
Electricity supply to PFI projects | advising SEEBOARD
on its financing strategy for its electricity supply projects under the PFI. The
role includes being a member of the negotiating team dealing with the banks, and
the legal and technical advisers to the lending consortium. 2001/2003 |
| EDF Wind Farms | Appointed
to carry out a survey of the financing of wind farms. 2003 and ongoing |
| A419/A417 Swindon - Gloucester Road
| lead arranger for the successful bid by the Road Management
Group to design, build, finance and operate (DBFO) this road concession under
Tranche 1 of the DBFO Roads Programme. Project value £150m. 1995/96. |
| A1(M) Alconbury - Peterborough Road
| lead arranger for the successful bid by the Road Management
Group to design, build, finance and operate (DBFO) this road concession under
Tranche 1 of the DBFO Roads Programme. Project value £150m. 1995/96 |
| OTHERS | |
| Electricity supply Northern Ireland
| advising AuIron of Australia in connection with a 600MW
lignite-fired mine-mouth power station in Northern Ireland. Role includes the
identification of a joint venture partner(s), discussions with the Regulator in
Northern Ireland and the Irish Republic, discussions with other Northern Ireland
government departments and local authority, the creation of a suitable debt and
equity structure, holding a competition for the provision of debt and equity and
the negotiation of all relevant contracts. Project value £600m. Assignment ongoing.
|
| |
| EUROPE |
|
| Lithuania | Appointed with a colleague by the Central Project Management Agency of the Government of Lithuania, to assist with a review of the feasibility studies of 6 pilot PPP infrastructure projects in social housing, education, the health sector, road transport and the justice system, to prepare a Methodology for PPP Payment Mechanisms and a review of a PSC, a PPP Procurement Process, a review of a legal agreement for a PPP prison project, prepare sector risk matrix and prepare a training programme for senior officials. 2010/2011 |
| Montenegro | the PPP Expert in a team appointed by the European Agency for Reconstruction to assist with the preparing of a PPP policy for Tourism Development and the implementation of a pilot project, the Buljarica Beach Tourism Development Project. 2007 |
| Ukraine | appointed
by the European Bank for Reconstruction and Development (EBRD) as part of a team
to assist Ukravtodor, the State Roads Administration of the Ukraine, to prepare
a PPP Roads Policy and process and to select a pilot PPP road project. 2006 |
| Bulgaria | appointed
by the Ministry of Finance to assist with establishing a PPP Roads Policy and
in particular to develop the most effective and efficient concession model for
the completion and construction of new highways. 2006 |
| Romania | appointed
by the European Bank for Reconstruction and Development (EBRD) to prepare the
Terms of Reference for the Consultants to assist with the implementation of the
first PPP road project. 2006 |
| Russian
Federation | in association with Corporate Solutions of
the UK, appointed by the European Bank for Reconstruction and Development to prepare
a report on the potential for Public Private Partnerships (PPPs) in the Russian
Federation in the transport and municipal infrastructure sectors. 2004 |
| Republic of Ireland | senior
member of the team led by the Adam Smith Institute, International Division selected
by the Irish Government as a member of one of three consortia, to provide PFI/PPP
financial policy advice. 2002/2003 |
|
Croatia/UNDP | Provided assistance to the Public Investment
Authority of the Government of Croatia under a UNDP Technical Assistance Programme
to review their public private partnership motorway programme and assist in preparing
a Recommended Procedure for implementing the Zagreb - Macelj motorway and Heads
of Terms of a concession agreement for all motorway projects. 1997. |
| Finland |
Provided support for a report and assessment of the proposed Mantyharju - Kymyoki
Canal project in Finland with a review of its suitability for a PPP/PFI approach
and its bank ability. 2000 |
|
Republic of Ireland | led the team advising a major metals
producer in the Republic of Ireland in the development of a 200MW gas-fired CHP
plant where they will use about 40MW and the balance will be sold on the new electricity
market. Assignment included the identification of joint-venture partners; the
creation of a suitable debt and equity structure; holding a competition for the
provision of debt and equity and the negotiation of all relevant contracts. I£250m.
1998/99 |
| Republic of Ireland
| financial adviser to a government-owned entity in Ireland
in connection with the first IPP in the Republic. The recommendations assisted
in the formation of government policy and the project has been successfully developed.
1997 |
| Republic of Ireland
| Senior members of the team led by the Adam Smith Institute
appointed by the Government to provide PPP policy advice on a call off basis.
Assignment ongoing |
| Poland
| senior member and leader on project finance issues
in the team advising a major UK utility on the possible acquisition of a ZE or
electricity distribution company. 1998/1999 |
|
Romania | leader of the team advising Romgaz, the Romanian
Gas Company, on its funding options for a major expansion of its gas network.
1999. |
| Czech Republic/Sweden
| adviser to Assidomain of Sweden, a major pulp and paper
producer in Central and Eastern Europe, on the sale of a dedicated power station
at their pulp and paper plant in the Czech Republic together with advising them
on the form of PPA to buy the electricity from the new owner. 1999 |
| Electricity Transfer project, Nordic
government | financial adviser to the Ministry of Energy
of a Nordic government on the structuring of contracts and preliminary business
plan in connection with the sale of electricity via a sub sea cable to Scotland
and/or Holland. 1996/98 |
|
Portugal/France | adviser to a group of French companies
in their bid for a US$500m toll road in Portugal under the Portuguese Government's
SCUT or PPP programme. 1997/98 |
|
Portugal | financial adviser to a consortium of companies
including Siemens and GEC Alsthom (now Alstom) in respect of their bid to build,
own and operate the North-South Rail Link in Lisbon on behalf of the Portuguese
Government as a Public Private Partnership. 1996/97 |
| Greece | financial adviser
to a consortium of Greek companies bidding to design, build, finance and operate
the Athens Ring Road under the Greek Government's PPP programme. 1997 |
| Spain |
financial adviser in a technical and architectural group working for the Ministerio
de Obras Publicas, Transportes y Medio Ambiente (Ministry of Transport) and to
the Aeropuertos Espanoles y Navegacion Aeren (the National Airport Authority)
in Spain regarding the proposed expansion of the Barajas International Airport,
Madrid. Consideration was given to the use of a PPP type structure. Project was
funded with EC funds. 1996/97 |
|
Estonia | financial adviser to the State Enterprise Port
of Tallinn, the Government of Estonia, with regard to the development of Muuga
Port, one of the major ports of the eastern Baltic coast. Provided the State Enterprise
with a feasibility study generating options for the financing of the US$500m port
expansion, with an emphasis on partnerships between the Government and the private
sector. This was the first Estonian project to launched at the EBRD's offices
in London. 1995/6. |
| Malta
| financial adviser to Malta Freeport, the Government
of Malta, with regard to the development of Marsaxlokk Freeport, Malta, a US$220m
expansion, including a review of partnerships with the private sector. The project
was financed from the US bond market. 1996 |
| |
| ASIA |
|
| Pakistan/World Bank |
Financial adviser to the Water and Power Authority of Pakistan financed by US
AID for the first major privatisation of an energy infrastructure project in Pakistan.
Worked jointly with the World Bank. Project value US$400m. 1985/86 |
| Vietnam/EC |
Provided assistance to the Government of Vietnam to set up an infrastructure BOT
programme under an EC Technical Assistance programme. 1993/94 |
| Sri Lanka | Financial adviser
to the Euro-China Ports consortium, which as the preferred bidder for the redevelopment
for the Port of Galle in Sri Lanka, carried out a detailed feasibility study of
the project as a public:private partnership. Project value US$350m. 1996/97 |
| Sri Lanka/World Bank |
Member of the London Economics/W S Atkins team, which was appointed by The World
Bank/Government of Sri Lanka to carry out a mid-term review of the Private Sector
Infrastructure Development Corporation, a financial institution of the Government
of Sri Lanka and a review of the present position of privately financed infrastructure
projects and the project pipeline in Sri Lanka. 1999 |
| India | Member of the technical/financial
advisory team of Tata Consultancy Services/W S Atkins which evaluated three bids
received by the Bangalore Water Supply and Sewerage Board for the River Cawvery
Stage IV, Phase II, the first public:private partnership water supply project
in India. Project value US$300m. 1998 |
|
India | Financial adviser to the UB Consortium appointed
the preferred bidder for the Bangalore Elevated Light Rail System project, Phase
I in India. Project value US$750m. 2000/2002 |
| India | Senior
member of the team led by Adam Smith International of the UK, appointed by the
World Bank to carry out a Road Reform Programme including the potential for a
PPP Road Programme, for the State of Chattisgarh. 2004/2005 |
| Cambodia/World Bank | Senior
member of the team led by Frontier Economics of the UK, selected by The World
Bank to prepare a Country Framework Report on private participation in infrastructure
for Cambodia to improve the transport, water supply and sanitation, power and
telecommunication services available in the country. 2000/01 |
| Indonesia | financial adviser
to the Export Credit Guarantees Department (ECGD)the export credit agency of the
UK on the Cikampek-Padalarang toll road project in Indonesia. The project's sponsors
were seeking export credit cover for the project that was being developed on a
limited recourse basis. The project cost was approximately US$625m. 1996/97 |
| Indonesia | financial
advisor for a project to supply double decker buses from the UK for the city of
Jakarta. 1980 |
| Hong Kong
| financial adviser to a consortium of companies headed
by Cheung Kong of Hong Kong bidding to build the Route 3 toll road in Hong Kong.
Project value US$300m. 1996/97. |
| China | Senior
member of a team led by Halcrow of the UK. Role in the team appointed by the World
Bank, is to provide PPP financial advisory services to the Tianjin Municipal Government
for the Tianjin Sewerage Sector Study and Implementation Plan Project. 2004/2005 |
| |
| MIDDLE EAST |
|
| Yemen |
PPP Expert member of the team led by Economic Consulting Associates Limited of the UK, appointed by the World Bank to assist in implementing the Gas to Power Market in the Yemen and in particular the Ma’rib to Ma’bar gas pipeline and the Ma’bar 400MW gas fired power station projects. 2008/2009 |
| Turkey | Provided support for a review of the financial feasibility and bankability of a major hydro power station project in Turkey for a US energy company. 2000. |
| Oman |
Financial adviser to the United Power Group which was awarded the concession for
the Manah Power Project in Oman. This was the first public:private partnership
project in the Gulf region. Project value US$220m. 1993/94. |
| Qatar
| prepared a Report and Recommendations of the proposed
restructuring of the Ministry of Municipal Affairs and Agriculture, for the Planning
Council of the Government of Qatar. 2002. |
| UAE
| carried out a feasibility study for the Government of
Fujirah, of a ship repair facility at the Port of Dibba as a Public/Private Partnership
project. 1999. |
| Jordan |
Appointed Financial Analyst of the Team selected by the European Investment Bank to carry out Phase 1of the MIYAHUNA Operations Support Project (MOSP), a financial, economic and technical review of the past and future performance of MIYAHUNA the Jordan Water Company wholly owned by the Water Authority of Jordan, which is responsible for providing water and wastewater services for the capital city of Amman. Phase 1 demonstrated that the objectives of the project could not be achieved. 2010/2011 |
| Jordan | Appointed by the Executive Privatisation Commission of the Hashemite Kingdom of Jordan, to prepare the Terms of Reference for consultants to assist with the implementation of the El Karameh PPP Border Crossing Project. 2007 |
| Jordan | PPP financial advisory member of the team led by Pohl Consulting & Associates of Germany, appointed by the European Union and the Executive Privatisation Commission of the Government of the Hashemite Kingdom of Jordan to review the Tourism Sector, select two pilot PPP Tourism Projects and assist with the implementation of these two pilot projects. 2006/2007 |
| Jordan | Appointed by the Executive Privatisation Commission of the Hashemite Kingdom of Jordan to facilitate and present a 3 day PPP Workshop for senior executives of the EPC, arranged by Pohl Consulting & Associates of Germany on behalf of the European Union. 2007 |
| Jordan | Financial adviser
to one of the bidding consortia for the privatisation of the Aqaba Railway in
Jordan. Project value US$150m. 1997 |
| SOUTH
AMERICA | |
|
Guyana | as part of an overall Privatisation Team led
by the Adam Smith Institute, International Division, provided BOT financial advice
to the Privatisation Unit of the Government of Guyana, for Phase 1 of the Berbice
Bridge Project. 2002. Provided additional PPP/BOT financial advice to the Privatisation
Unit of the Prime Minister's Office for Phase 2 of the Berbice Bridge Project.
2004 |
| Mexico |
senior member of the team led by Rios Ferrer y Guillén – Llarena S.C., a local
legal firm, appointed by the Hacienda (Treasury) of the Government of Mexico to
assist with the implementation of the Customs Accommodation Project, the first
private sector infrastructure services contract in Mexico. 2003 |
| Mexico
| Senior member of the team led by Felipe Ochoa, a local
consultancy, appointed by the Mexican Department of Transport (Secretaria de Comunicaciones
y Transportes) on the Nuevo Necaxa - Tihuatlán PPS (Public Private Partnership)
road project. 2005/2006
Member of the Evaluation Team that evaluated bids received and recommended the award to the Preferred Bidder, a Mexican/Spanish consortium. 2007 |
| NORTH
AMERICA | |
| Canada | member of the Financial Services Advisory Team led by Morrison Hershfield, appointed by Infrastructure Ontario as a Vendor of Record, to provide financial advisory services on a call off basis. 2007/2008 |
| AFRICA |
|
| Sub-Sahara Africa | member of the team appointed by the Project Management Unit of the Private Infrastructure Development Group (a donor organisation), to carry out a strategic review of the progress of the Emerging Africa Infrastructure Fund, a donor and private sector financed fund, which provides long term debt for infrastructure projects in Sub-Sahara Africa. 2009 |
| Ghana | appointed by BizClim on behalf of the ACAP/EU, to assist the EU Delegation in Ghana to monitor the performance of the contractors appointed to assist with the implementation of the Western Corridor Infrastructure Project. 2008/2009 |
| Zambia | appointed by BizClim on behalf of the African, Caribbean and Pacific Countries/EU to monitor the performance of the contractors appointed to implement the Enhancing Zambia Development Agency’s Capacity to Facilitate Investors and Investment project. 2007/2008 |
| Nigeria | PPP expert team member of the team led by Adam Smith International, appointed by DFID the UK Aid Agency to assist with setting up the Nigeria Infrastructure Advisory Facility (NIAF). 2007/2008 |
| Zambia | appointed by the European Union under the ACAP Business Climate Facility managed by WYG International of the UK, to prepare the Terms of Reference for Consultants to assist the Zambian Development Agency’s capacity to facilitate investors and investment. 2007 |
| South Africa | assisted
the Department of Communications of the Government of South Africa to prepare
a feasibility study of utilising a Public Private Partnership (PPP) financial
structure for the 112 Emergency Communications Project, part of the Support to
Restructuring of Public Enterprises in South Africa, managed by the Adam Smith
Institute, International Division and supported by the Department for International
Development (DFID) of the UK. 2004 |
| Rwanda | team
leader of the team led by the Adam Smith Institute which has prepared a Country
Framework Report of the infrastructure of Rwanda and the participation of the
private sector in infrastructure service provision. 2002/2003 |
| Mauritius | senior member of
the team led by Carlbro of Denmark and including DCDM, a local management consultancy
firm, appointed by the Government of Mauritius to carry out a feasibility study
of a waste management project for the island and to review its potential as the
first public private partnership (PPP) project in Mauritius. 2003 |
| OTHER |
|
| World Bank |
Senior member of the team led by Frontier Economics of the UK, selected by The
World Bank to prepare a Toolkit to set out the necessary steps for appointing
advisers for implementing policies or projects to attract private sector investment
in infrastructure in all sectors by governments of developing countries. 2000/01
|
| Secretariat of the African,
Caribbean and Pacific (ACAP) Group | PPP Expert member
of the team led by WYG International of the UK, appointed by the Secretariat of
the African, Caribbean and Pacific (ACP) Group of Countries in a joint programme
with the European Commission, to assist and develop the private sector participation
in member countries. 2006 |
| Department for International Development (DFID) |
Provided support to a colleague appointed by the Department for International Development (DFID) to review the potential of using a Public Private Partnership financial structure for the development of the proposed new airport on the island of St. Helena. 2009
|
