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Our Projects

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Caledonian Economics Review of Operational PPP Projects

Caledonian Economics helps Local Authorities, Health Agencies and National Government develop and deliver excellent PPP projects.  We work at all stages of the PPP process: PPP strategy development, business cases, financial modelling, transaction support, Operational PPP performance improvement, rescue of distressed projects, and Public Sector training and capacity building.

Many of the projects we have supported have been open and operating successfully for ten years or more.  The senior public sector officials who have been responsible for these projects are  uniquely experienced to comment on the most effective approaches to long term management of PPP projects.

We spoke to ten of these public sector professionals, asked about their experiences, and discussed what advice they would give to new projects, now and in the future.

In our new report on Operational PPP projects, we ask seven key questions about the effectiveness of PPP Management, and identify important lessons.  You can read what we found out in our new report by downloading it here: Caledonian Economics Op PPP Projects Review 2017

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Caledonian Economics PPP Masterclasses

IMG_1915Senior public sector officials from central government departments in Beijing and several Chinese provinces have taken part in our PPP Masterclasses this week.  This follows events we have run previously for government officials in Latvia and Uruguay and of course many training and development events in Scotland.

Our bespoke events draw from a menu of knowledge areas that covers all financial and commercial aspects of Public Private Partnerships.  They  provide an ideal opportunity to learn and share expertise that equip participants will skills to develop robust projects which deliver real social and economic benefits.

Our Event Leaders include some of the most experienced PPP practitioners in the world.  This professional team has worked at every stage in the PPP development process including sectoral strategy  development, feasibility and planning, transaction support, operational performance improvement, and rescue of distressed PPP projects.

Please contact us if you would like to know more about how we can help you shape better projects.

 

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PPP in Scotland and Uruguay – APP en Escocia y Uruguay

Scotland and Uruguay have much in common including a strong ethic of equality and social justice.

As Uruguay begins a programme of school PPP projects, Martin Finnigan was invited by Sunny Sky Solutions to give his thoughts on what this charming Latin American country might earn from the Scottish experience.

Click here to read more.

Escocia y Uruguay tienen mucho en común, incluyendo una fuerte ética de igualdad y justicia social.

Mientras Uruguay comienza un programa de proyectos APP escolares, Martin Finnigan fue invitado por Sunny Sky Solutions a dar sus pensamientos sobre lo que este encantador país latinoamericano podría ganar de la experiencia escocesa.

Haga clic aquí para leer más.

 

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Dumfries and Galloway Schools PPP – Operational Support

We have been reappointed to provide financial advisory support to Dumfries and Galloway Council for the operational phase of the Smarter Schools PPP project.

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Stranraer Academy, refurbished and extended

This project was signed in 2008 and all eleven schools were operational by 2010.  The project was financed by a £127 million facility provided by HSBC and the European Investment Bank.

This reappointment continues our long relationship with the Council which spanned the project business case, tender preparation and evaluation, financial close, and project effectiveness assignments during the operational phase.

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Published articles on developments in Social Infrastructure PPPs

Scotland has a great record of evolving PPP models to suit particular geographic, social and political conditions going back almost two decades.  Meanwhile, recent developments in Wales are breaking new ground.

In two articles recently published on the FOMIN/Inter-American Development Bank and World Bank blogs, Martin Finnigan and Michael Walker explain some of the nuances and make the case for applying such models more widely.

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Angus Council – transaction adviser for two new primary schools

We are very pleased to have been appointed by Angus Council to support the procurement of replacements for Muirfield and Ladyloan Primary Schools in the coastal town of Arbroath.  The new schools will be developed under a single Design-Build-Finance-Maintain contract with hub East Central.

Each school will have a capacity of approximately 335 primary pupils and 72 pre-school pupils.

We will support the Council’s in-house team and are responsible for assessing whether financial submissions from the private sector partner are within the various limits set by the Territory Partnering Agreement and working with the financing partners to achieve a successful financial close to the project. We will liaise with technical specialists to calibrate the payment mechanism and will contribute to commercial negotiations. 

This continues our long relationship with Angus Council which including supporting the initial feasibility study, and subsequently acting as transaction advisor, for the Forfar and Carnoustie schools PPP.

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NHS Orkney New Hospital – Financial Close

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Caledonian Economics would like to congratulate NHS Orkney, Robertson Capital Projects and the project team on reaching financial close and signing the contracts for the New Orkney Hospital and Healthcare Facility. 

With colleagues from QMPF we have been working with NHS Orkney for several years to support the business case and subsequent procurement under a variant of the Scottish PPP/NPD model.        

The new Rural General Hospital will have 49 inpatient beds covering acute, cancer & palliative care, maternity and rehabilitation  and will host a variety of services including two GP Practices, Dental and support services.  When it opens in 2019 it will provide a state of the art modern building which will enhance the services staff can offer, utilising technology and the improved facilities.

More details here: http://www.ohb.scot.nhs.uk/new-hospital-and-healthcare-facilities 

This continues Caledonian Economics’ long association with Orkney, having previously supported Orkney Islands Council on the procurement of the new Kirkwall Grammar School and Theatre, Pickaquoy Leisure Pool and Stromness Primary School, using a unique variant of the PPP structure.

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Glasgow City – new Primary Schools

We have been appointed by Glasgow City Council to advise on the procurement of two new primary schools through  hub West Scotland. The new Blairdardie and Carntyne primary schools will be developed under a single hub/DBFM contract. 

We will support the Council’s in-house team and are responsible for assessing financial submissions from the private sector partner, confirming that returns, margins and fees are value for money and consistent with pre-agreed levels.  We will liaise with technical specialists to calibrate the payment mechanism, and will contribute to commercial negotiations.

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Infradeals Rank Calecon 1st global for PPP social deals.

Infradeals published their 2016  and Global PPP and Infrastructure advisor league tables in January. 

With 11 signed deals at a value of $453 million, Caledonian Economics ranked first Financial Advisers to the public sector side of social infrastructure deals. 

Calec Global PPP Social Infra ranking

 

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New West Calder High School Reaches Financial Close

West Lothian Council’s procurement of the new West Calder High School from hub South East reached Financial Close today, 14 December 2016.

This is the eleventh such Financial Close using the Scottish hub/DBFM PPP financing model that Caledonian Economics has advised on this year.

The new high school building has been designed to meet modern access requirements and support inclusion of pupils with additional learning needs in line with the ‘presumption of mainstream’.

The new location  will enable greater community access to the very high standard of facilities, particularly physical education facilities for community use outwith core school hours.

 

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