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Our Projects

Glasgow School PPP

Glasgow City – new Primary Schools Financial Close

The Glasgow City Council procurement of the new Blairdardie and Carntyne primary schools reached financial close on 23 October 2017 . The new primary schools will be developed under a single compact PPP contract between the Council and  hub West Scotland.

As the public sector Financial Transaction Adviser on this PPP we supported the Council’s in-house team and were responsible for assessing financial submissions from the private sector partner. This included confirming that returns, margins and fees are in line with the market and consistent with pre-agreed levels.  We worked closed with technical specialists to calibrate the payment mechanism, and supported commercial negotiations.

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Uruguay – Management of Operational PPPs

On October 9 and 10 2017, Martin Finnigan participated an inter-institutional seminar on Control and Monitoring of PPP Contracts, at the invitation of Ministry of Economics and Finance of the Government of Uruguay and the British Embassy.

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Presenting alongside Dr. Patricia Benavente (Peru) and Inspector of the Contract of UPPL No. 1 Bernardo Vidal (Uruguay), I delivered two sessions that explained the relevance of the Scottish PPP experience to Uruguay.

The event was attended by over 50 professionals with an interest in PPP in Uruguay including central government agencies, service delivery bodies, investors and funders.

I developed a theory of the forces the drive the evolution and development of PPP in an economy, and noted how managing a PPP pipeline demands the ability to adapt to foreseeable changes in the external environment, and cope with unexpected ones.

I also identified lessons we have learned in Scotland over 20 years of PPP, and interpreted these in the Latin American context.  Finally, I presented our report on the management of operational PPPs in the social infrastructure sector.

Aberdeenshire

Second School PPP Appointment with Aberdeenshire Council

We have been appointed as Transaction Financial Advisers by Aberdeenshire Council on the procurement of a replacement for Inverurie Academy and Community Campus.

This is our second such appointment by the Council, having previously supported the procurement of Alford Community Campus which opened its doors to pupils for the first time in October 2015.

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Photograph credit hub North Scotland

This new Alford school, procured with our support from hub North Scotland under the hub/DBFM/PPP structure, will serve pupils in early years, primary and secondary education and includes a theatre, sports hall and dance studio, with all weather and grass playing fields located outside.

Community facilities include a swimming pool, community library and accommodation for Aberdeenshire Council’s community learning and development team.

 

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Ground breaking work of e-sgoil recognised in our report

How often do we see a project that breaks genuinely new ground? 

Very rarely I would say, but e-sgoil does, as Holyrood Magazine reported while commenting on our recent study.

E-sgoil is not just another distance learning package. It seeks out situations where location is at the root of a mismatch between the demand for – and supply of – education.  Then it asks how technology can be used to address the mismatch. 

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Developed in the Western Isles with the vision of “Placing the Periphery at the Centre”, e-sgoil is finding applications across Scotland: helping address shortages of specialist teachers, delivering Gaelic language courses in places where it was not previously feasible, broadening the curriculum in small island schools, and enabling students of all ages to study courses up to postgraduate levels in the workplace or close to home.

 

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Perth & Kinross – New Bertha Park High School Financial Close

The procurement of the new Bertha Park High School by Perth & Kinross Council reached financial close on 27 September 2017 . Built to accommodate pupil generated by the rapid expansion of the city, the new school will be developed under a single compact PPP contract between the Council and  hub East Central Scotland.

As the public sector Financial Transaction Adviser on this PPP we supported the Council’s in-house team and were responsible for assessing financial submissions from the private sector partner. This included confirming that returns, margins and fees are in line with the market and consistent with pre-agreed levels.  We worked closed with technical specialists to calibrate the payment mechanism, and supported commercial negotiations.

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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 Review of Operational PPP Projects 2017

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Caledonian Economics PPP Masterclasses

IMG_1915Senior public sector officials from central government departments in Beijing and several Chinese provinces including Jinan, Guangzhou and Hebei have taken part in our PPP Masterclasses this month.  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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