Public-Private Partnership (PPP) Project Finance & Structuring Training Course

Module 1: Fundamentals of PPP Projects and Frameworks

ü  Overview of Public-Private Partnership models (BOT, BOO, DBFOM, Concessions)

ü  Key differences between traditional public procurement and PPP project finance

ü  Stakeholder dynamics: Developers, Public Authorities, Lenders, and EPC Contractors

ü  Macroeconomic considerations and infrastructure market trends

ü  Practical Session: Comparative analysis of international PPP delivery models across energy, transport, and social infrastructure sectors

Module 2: Project Identification, Feasibility, and Value for Money (VfM)

ü  Conducting technical, economic, and environmental feasibility studies

ü  Assessing Public Sector Comparator (PSC) benchmarks against private developer proposals

ü  Quantitative and qualitative assessment of Value for Money (VfM)

ü  Evaluating affordability constraints and long-term fiscal liabilities for governments

ü  Practical Session: Calculating Value for Money (VfM) metrics using a standardized public sector comparator model

Module 3: PPP Risk Identification, Quantification, and Allocation

ü  Core risk categories: Construction, operational, demand/market, political, and force majeure

ü  Principles of optimal risk allocation: Assigning risk to the party best able to manage it

ü  Payment mechanisms: Availability payments versus user-pay tariff models

ü  Mitigating currency, inflation, and interest rate volatility in long-term concessions

ü  Practical Session: Drafting a comprehensive project risk matrix for a highway or power generation PPP project

Module 4: Project Finance Architecture and Capital Structuring

ü  Non-recourse and limited-recourse project finance concepts vs. corporate balance sheet finance

ü  Structuring the Special Purpose Vehicle (SPV) capital stack: Equity, mezzanine, and senior debt

ü  Debt service coverage ratio (DSCR), loan life coverage ratio (LLCR), and project IRR targets

ü  Role of export credit agencies (ECAs), commercial banks, and institutional debt

ü  Practical Session: Structuring the capital stack and debt-to-equity ratios for an SPV based on target debt metrics

Module 5: Project Financial Modeling and Debt Sizing Techniques

ü  Building dynamic multi-period project finance financial models in Excel

ü  Modeling revenue drivers, operational expenditure (OPEX), capital expenditure (CAPEX), and tax regimes

ü  Debt sizing mechanisms: Fixed DSCR sculpting vs. maximum leverage caps

ü  Designing the project cash flow waterfall and debt service reserve accounts (DSRA)

ü  Practical Session: Building a 20-year project finance cash flow waterfall and sculpting debt service payments in Excel

Module 6: PPP Legal, Regulatory, and Contractual Frameworks

ü  Key legal agreements: Concession Agreement, Direct Agreements, EPC, and O&M Contracts

ü  Power Purchase Agreements (PPAs) and Offtake structures in energy PPPs

ü  Lender step-in rights, termination compensation clauses, and default mechanics

ü  Regulatory compliance, environmental permits, and land acquisition legalities

ü  Practical Session: Reviewing and negotiating key commercial terms in a draft Concession Agreement clause by clause

Module 7: Procurement, Bidding Strategies, and Deal Negotiation

ü  Competitive bidding processes: Request for Qualifications (RFQ) and Request for Proposals (RFP)

ü  Developing winning developer bid strategies while safeguarding financial returns

ü  Managing Unsolicited Proposals (USPs) and Swiss Challenge mechanisms

ü  Commercial and financial negotiations between developer consortia and government agencies

ü  Practical Session: Simulating bid preparation and financial proposal presentation for a competitive PPP tender

Module 8: Credit Enhancement, Guarantees, and DFI Involvement

ü  Role of Multilateral Development Banks (MDBs) and Development Finance Institutions (DFIs)

ü  Sovereign guarantees, Viability Gap Funding (VGF), and minimum revenue guarantees

ü  Political risk insurance (PRI) and partial risk guarantees (PRG) from international agencies

ü  Blended finance structures to mobilize private capital in emerging markets

ü  Practical Session: Integrating DFI credit enhancements into an asset financial model to improve project bankability

Module 9: Financial Close, Monitoring, and Contract Management

ü  Managing conditions precedent (CPs) to achieve successful financial close

ü  Construction period monitoring, drawdowns, and independent engineer certifications

ü  Operational performance management, KPI tracking, and deduction regimes

ü  Handover mechanics and asset condition assessments at concession expiration

ü  Practical Session: Developing a financial close readiness checklist and managing conditions precedent timelines

Module 10: Refinancing, Restructuring, and Dispute Resolution in PPPs

ü  Project refinancing opportunities post-construction: Optimization of capital cost

ü  Distressed PPP project workouts: Restructuring debt, extending concession terms, and tariff adjustments

ü  International arbitration and dispute resolution mechanisms in infrastructure projects

ü  Lessons learned from historical PPP project failures and restructurings

ü  Practical Session: Performing a refinancing analysis on an operational asset to determine gain-sharing between SPV and government

About Our Trainers

Our training faculty comprises veteran project finance specialists, infrastructure transaction advisors, and legal experts with over 15 years of practical experience structuring PPP deals globally. They have served as advisors to multinational developers, commercial banks, multilateral development agencies, and government PPP units. The trainers bring real-world transactional experience from successful financial closes, ensuring participants gain practical, actionable expertise.

Quality Statement

Phoenix Training Center is committed to delivering world-class professional development solutions. Our curriculum is developed in alignment with global PPP best practices, international financial reporting standards, and recognized project finance methodologies. We maintain rigorous quality control measures across all learning materials, practical modules, and instructional delivery to ensure a high-impact learning experience.

Tailor-Made Courses

We understand that every organization has unique challenges and opportunities as well as unique training needs. Phoenix Training Center offers tailor-made courses designed to address specific requirements and challenges faced by your team or organization. Whether you need a customized curriculum, a specific duration, or on-site delivery, we can adapt our expertise to provide a training solution that perfectly aligns with your objectives. We can customize this Course to focus on your industry, specific risk profile, or internal stakeholder dynamics. Contact us to discuss how we can create a bespoke training program that maximizes value and impact for your team. For further inquiries, please contact us on Tel: +254720272325 / +254737296202 or Email: training@phoenixtrainingcenter.com.

Admission Criteria

ü  Participants should be reasonably proficient in English.

ü  Applicants must live up to Phoenix Center for Policy, Research and Training admission criteria.

Terms and Conditions

ü  Discounts: Organizations sponsoring Four Participants will have the 5th attend Free

ü  What is catered for by the Course Fees: Fees cater for all requirements for the training – Learning materials, Lunches, Teas, Snacks and Certification. All participants will additionally cater for their travel and accommodation expenses, visa application, insurance, and other personal expenses.

ü  Certificate Awarded: Participants are awarded Certificates of Participation at the end of the training.

ü  Course Improvement: The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.

ü  Approval of Course: Our Programs are NITA Approved. Participating organizations can therefore claim reimbursement on fees paid in accordance with NITA Rules.

Booking for Training

Kindly send an email to the Training Officer on training@phoenixtrainingcenter.com and we will send you a registration form. We advise you to book early to avoid missing a seat to this training. Or call us on +254720272325 / +254737296202

Payment Options

We provide 3 payment options, choose one for your convenience, and kindly make payments a week before the training starts (at least 5 to 7 days before the Training start date) to reserve your seat:

ü  Groups of 5 People and Above – Cheque Payments to: Phoenix Center for Policy, Research and Training Limited should be paid in advance, a week before the training starts.

ü  Invoice: We can send a bill directly to you or your company.

ü  Deposit directly into Bank Account (Account details provided upon request)

Cancellation Policy

ü  Payment for all courses includes a registration fee, which is non-refundable, and equals 15% of the total sum of the course fee.

ü  Participants may cancel attendance 14 days or more prior to the training commencement date.

ü  No refunds will be made 14 days or less before the training commencement date. However, participants who are unable to attend may opt to attend a similar training course at a later date or send a substitute participant provided the participation criteria have been met.

Accommodation and Airport Pick-up

For physical training attendees, we can assist with recommendations for accommodation near the training venue. Airport pick-up services can also be arranged upon request to ensure a smooth arrival. Please inform us of your travel details in advance if you require these services. For reservations contact the Training Officer on Email: training@phoenixtrainingcenter.com or on Tel: +254720272325 / +254737296202.