HKA_Light Rail, Rapid Transit & PPP_SENT_2018-04-26

INTRODUCING HKA

LIGHT RAIL, RAPID
TRANSIT & PPP

HKA is one of the largest providers of
advisory, consulting and expert services
in the major capital projects and
infrastructure sectors.

We operate on a global basis, with 950 staff across 40 offices in 21
countries.

We attract, retain and develop the highest caliber of people from a
wide spectrum of disciplines. Our people are highly qualified,
knowledgeable, with strong skills and experience in their chosen
markets and sectors.

Our people are leaders and problem-solvers, who thrive on
complexity. As part of the world’s pre-eminent consultancy in the
field, they work on the most challenging and exciting projects with a
rich variety of clients.

OUR HISTORY

1976 2006 2007 2010 2013 2014 2017

2017 Irvin E. Richter launches Hill International, Inc. from his home in 2013 Hill International acquires Binnington Copeland & Associates, a South
Willingboro,NewJersey,USA. 2014 African based construction advisory and training practice
2017
2006 HillInternational,Inc.acquiredJames R.Knowles(Holdings)PLC Scottish Expert engineering firm Cadogans acquired by Hill
2017 International
2007 Hill International Construction Claims & Consulting Group restructures
operations to create three distinct regions: the Americas; Europe, Hill’s Construction Claims & Consulting Group (including all subsidiaries)
Middle East&Africa(EMEA);andAsia-Pacific. completes is sale and de-merger from Hill International, Inc, and
becomes HKA.
2010 HillInternationalacquiresMcLachlanLister,aSydney-based
HKA acquires Affric Infrastructure Advisory, a boutique PPP & Project
Management Consulting firm. Finance business based in the UAE.

OUR UNIQUE SERVICE OFFERING

Our formula is simple - strategic advice needs to be informed by real
experience delivering projects. We don’t just talk about it, we have
delivered it.

Senior level,highly experienced Transaction Focus on truly understanding the unique
Advisors— our people have provided Lead Advisory functioning of an organisation — our solutions are
transaction services on some of the most complex tailored to meet the specific needs of our clients.
and sophisticated infrastructure projects in the
world. Project delivery experts — we apply practical
expertise gained from 40 years of successfully
Independent from funders — we focus on delivering complex projects and programmes.
developing a funding structure which meets the
specific needs of the project, rather than any single Global leaders in managing risk — no other
funding institution. company understands how to mitigate risk like we
do.
Specialistsacross the entire project lifecycle — our
people add value across the end-to-end project Continually test our assumptions every step of the
lifecycle. way — we believe in evidence-based diagnosis and
delivery of pragmatic and practical solutions.

OUR BUSINESS IS GLOBAL, EM
PEOPLE IN 40 OFFICES WORLD

4

GLOBAL
TRANSACTION
ADVISORY HUBS

6

OFFICES WITH
IN THE CCC

40+
YEARS OF
EXPERIENCE

MPLOYING 960+
DWIDE

Our Transaction Advisory Division
employs 100+ people and operates
from dedicated hubs in Philadelphia,

London, Dubai and Sydney.

OUR TRANSACTION
ADVISORY SERVICES

HKA PROVIDES ADVISORY SERVICES AT ENTERPRISE,
PORTFOLIO, PROGRAMME AND PROJECT LEVELS TO HELP
CLIENTS ACHIEVE DESIRED OUTCOMES, WITH MORE
CLARITY AND CERTAINTY.

We employ the leading professionals within our industry and we continue to invest in our
workforce and technology to ensure we always offer a market-leading knowledge base. This,
combined with our unbiased and passionate dedication to every project, ensures that we
deliver a service that always exceeds expectations. We offer a full suite of advisory services
across the entire project life-cycle and have specialists in: Programme Performance, Risk,
Procurement Support and Financial & Commercial.

• Strategy development
• Benefits management
• Portfolioofficedesign andoperation
• Scheduling andplanning support
• Programme and projectcontrols
• Programme and project managementoffices
• Programme and projectrescue

PROGRAMME • Strategic risk management
PERFORMANCE • Portfolio, programme andproject

FINANCIAL & risk management
COMMERCIAL • Schedulerisk modelling
• Corporate risk analysis
• Financial feasibility • Risk and commercial assurance
• Financial structuring
• Debtand Equityraising review
• Term sheet negotiation
• Financial model build RISK
• Funding negotiations MANAGEMENT
• Sensitivity analysis

PROCUREMENT
SUPPORT

• Business case development
• Outcomedefinition
• Market engagement and sounding
• Deployment of the supplycontinuum
• Applicationof the ‘6 Pillars’ acquisition model
• Tender development and response evaluation
• Socio-economic sustainability

OUR TRANSACTION
ADVISORY SERVICES

We operate as the Lead Advisor on major capital projects across
the world— effectively leading, managing and supporting our
clients through the complex process of infrastructure delivery.

FEASIBILITY Funders, Asset Finance, Sub-ordinated Debt, Pure
Equity) and likely appetite for investment from each of
Outline structuring and feasibility the entities.

Our initial feasibility assessments provide clients with a Financial modelling
deep understanding of how to best structure a project
to ensure ongoing viability. We support the selection of the preferred
procurement route through the development of
Commercial objectives detailed financial models. These models provide
transparency on the likely project cashflows and assist
We assist our clients to determine how their clients to understand the overall commercial viability
commercial objectives for a project – including of a proposed procurement route.
revenue generation, nil cost delivery or land receipts -
can be incorporated into the overall project structure. PROCUREMENT

Risk allocation Project management

We facilitate workshops to understand our client’s risk We have the skills and experience to project manage
appetite for a project and explain the consequential the end-to-end procurement process on behalf of our
implications on the transaction strategy. clients.

Market engagement Tender support

We lead comprehensive market engagement We lead the production of high-quality, accurate and
processes to understand the market appetite for a robust tender documentation on behalf of our clients.
project and the quantum and nature of risk transfer This includes the preparation of a detailed evaluation
which can be achieved. methodology setting out the precise process which
will be used to evaluate responses.
Public Private Partnerships
Document development
We set out and evaluate the range of PPP
procurement structures which can be employed to We work closely with the project team and other
meet out client’s objectives. We use our extensive advisors to prepare a comprehensive suite of
skills and experience to determine the suitability of the documentation (including the Project Agreement,
different models, or how standard models will need to Output Specification and Payment Mechanism).
be tailored to meet both our client’s and the market’s
needs. Financial and commercial evaluation

Our work includes a detailed analysis of the potential We have undertaken the financial and commercial
funding structure under each PPP option (including evaluation on some of the most complex
the use of International Funding Institutions, Export
Credit Agencies, International/Local Commercial

infrastructure projects in world. We interrogate engagement—thereby assuring ongoing success.
bidder’s responses to deliver a simple but robust
qualitative and quantitative comparison, Operational modelling & reviews
highlighting areas of strengths and identifying
where further enhancements can be made. We review the actual performance of projects
against the key performance indicators,
Negotiations highlighting to our clients where the Private Sector
Partner is falling short of its contractual
Our senior team lead contractual negotiations on requirements, and the resulting financial penalties
behalf of our clients. We leverage the competitive which can be imposed.
tension between bidders to negotiate viable
agreements, while obtaining the best possible Refinancing, sale or default
commercial position for our clients.
We support our clients through the range of post
Selection of the Preferred Partner financial close transaction which can take place.
We use our skills and experience to guide our
We support our clients to select the most clients through the process, at each point
economically advantageous bidder to become the explaining why the event is taking place, our client’s
Preferred Partner of the project. options in response and a suggested course of
action.
Final negotiations and close
Specifically in relation to events of default, we work
We will continue to support our clients though the with our client to ensure the continuation of service
final negotiations and financial close. from the Private Sector Partner, without diluting
our client’s contractual position.
OPERATION

Training and knowledge transfer

We provide ongoing training and support on the
structure and practical day-to-day administration
of the Project Agreement. We also aim to transfer
knowledge to our clients at each stage of

OUR TRANSACTION ADVISO

Our global Transaction Advisory team comprises over 100+ senior level
disciplines and backgrounds, our transaction teams provide a different

We have provide below a selection of our team member’s biographies

STEPHEN WATSON

LEAD TRANSACTION ADVISORY SERVICES

Stephen leads HKA’s Advisory business in the Middle East & Africa. He is a Project Finance
and Infrastructure specialist with over 22 years’ experience of advising governments and
private sector developers to deliver projects and programmes.
Stephen specialises in raising 3rd party finance to support capital projects. He has helped clients raise US$15bn+ of
project finance, via both bank debt and capital markets. In doing so, he has developed innovative and bespoke
funding solutions, as well as new market practice and standards.

ANDREW WARD

FINANCIAL STRUCTURING AND MODELLING

Andrew has over 16 years’ experience of delivering across North America, Europe, the Middle
East & Africa and Australia.
Andrew has extensive experience of raising finance across the full spectrum of procurement models (Construct
only, Build, Own Operate, PPP, Outsourcing etc.) for both public and private sector clients He has worked across a
broad array of markets and sectors (including economic infrastructure, rail, mining, education, healthcare, housing,
water and energy).
Andrew is an advanced financial modeller, who has built complex financial models, including multiple layers of
funding, revenue sources and costs, from first principles.

PETER WALLACE

MAJOR CAPITAL PROGRAMME DELIVERY

Peter is the Global Lead for Advisory within HKA.

He has more than 36 years of construction industry experience focused on process, petrochemical, power,
industrial and public infrastructure projects.
In particular, he has had significant experience in process design and improvement, as well as oversight of major
capital programs. Peter also possesses extensive experience with the preparation, arbitration and litigation of
complex engineering and construction clams on a wide variety of experience. In addition, his expertise includes
serving as an expert witness, scheduling/CPM and delay analysis.

ORY PROFESSIONALS

l, highly experienced professionals. By retaining staff from a range of
tiated range of skills and insights to our clients.

DAFYDD WYN OWEN

PROGRAMME PERFORMANCE

Dafydd leads HKA’s Advisory business in Australia. He has over 20 years’ of experience across
government, transport, primarily rail, infrastructure and energy sectors. He has worked in the
public and private sectors, carrying out and providing strategic advice on program and project management,
organisational development and reform, P30 design, establishment and operation, strategic planning, asset
management and contract management.

HARRY COLLEDGE

PROGRAMME PERFORMANCE

Harry leads HKA’s Advisory business in the UK. He has been a consultant for 20 years involved
for much of this time in the transport sector, and has significant experience in business
strategy, stakeholder engagement, knowledge management, facilitation and project management.
Harry has significant experience in designing strategic responses to complex problems requiring input from
diverse stakeholders, whose objectives often vary. These skills have enabled him to develop a strong expertise in
listening to different parties and synthesising their needs.

HAYLEY DAVIS

BUSINESS CASE & STRATEGY DEVELOPMENT

Hayley has a broad range of experience gleaned over 15 years as a consultant providing advice
to a range of private and public sector clients. Key areas of capability include transport planning
and modelling, economic appraisal, business case development, demand and revenue forecasting, operational
performance, cost and risk analysis and project management.

CHUKS NWABINELI

PROGRAMME & RISK MANAGEMENT

Chuks is an advanced Programme and Risk Management Practitioner with a ten year track
record of successfully planning and executing in complex delivery environments.
He has been involved in delivering projects with a combined capex of over US$10.2bn and has operated in a variety
of program and project roles – including Risk manager, PMO manager and Program manager – with a varied range
of clients in Europe and across the Middle East.

OUR TRANSACTION ADVISO

BEN ROSENGREN

PROJECT & PROGRAMME MANAGEMENT

Ben is a certified (IPMA) Project and Program Manager with a background in project controls
and civil engineering. Ben has undertaken senior roles in the UK transport industry, working as
an Internal Sponsor (Program Manager) on the £2bn Euston Station development, part of the £50bn High Speed
Two rail program in the United Kingdom. Now back in Australia, Ben is working as a Project Manager on the Martin
Place Station Development, part of the $16bn Sydney Metro public transport project.

JESSICA QUI

TECHNICAL PROJECT LEADERSHIP

Jessica is an internationally chartered engineer with over 12 years of experience in
conceptualising, planning, design, managing and construction of infrastructure projects. Her
specialist skills include project management, financial control, quality management and geotechnical /
environmental engineering

ANDREW ALLEN

PROGRAMME AND RISK MANAGEMENT

Andrew is a highly skilled consultant with a diverse background in programme and risk
management, and financial modelling. Andrew is able to interact both at board level, and at
grass roots with project teams.
Andrew combines modelling and analytical project leadership with experience in facilitation and communicating
the uncertainty in decision making for multi-billion pound programmes and asset management. Andrew is able to
help teams make decisions and move forward in uncertain circumstances, and understand where value can be
obtained from effective modelling and analysis to support decision making.

CATHERINE BARTHÉLEMY

PLANNING MANAGEMENT

Catherine is a Planning Manager with more than 15 years of industry experience working
directly for client, consultants and contractors on the delivery of major infrastructure.
Her sector experience covers rail (including electrification and signalling), nuclear fusion and decommissioning,
heavy civils and oil and gas. She has significant experience in the development stages of major projects and
programmes working closely with designers and contractors to ensure a cohesive and value drive programme is
created in accordance with scope and contract requirements.

ORY PROFESSIONALS

LINDA KONRATH

PROJECT GOVERNANCE AND PERFORMANCE

Linda has more than 17 years of management consulting, process review, risk management,
contract document development, claims analysis, and training experience. She has been
responsible for the development of specifications, contract documents, and programmatic and procedural
manuals, with an emphasis on risk management, performance specifications, and alternative contract delivery
methods.

SIDNEY SCOTT

MAJOR PROJECT PROCUREMENT STRATEGY

Sidney Scott is a professional engineer with more than 33 years of progressively responsible
experience in the engineering and construction industries. His experience includes design,
contract and procurement advisory services, process improvement studies and performance audits, dispute
resolution, integrity monitoring, contract and specification development, research and training.
Sydney is recognized as a national expert regarding alternative project delivery, specifications, and procurement
and contracting methods for the construction industry. He has advised owners and on best practices for the
planning, management, and administration for some of the nation's largest transportation projects.

PATRICK JAROSKI

PROJECT ADVISORY AND DISPUTE RESOLUTION

Patrick is a consultant with over nine years of experience providing construction project
advisory and dispute resolution services. He specializes in construction program and project
management including procurement, cost estimating, scheduling and project controls, risk management, business
process improvement, training and claims evaluation and preparation.
Patrick has been engaged by public and private sector clients and their counsel across a wide-range of industries
including commercial building, healthcare, higher-education, entertainment, transportation, power generation and
oil and gas.

WILL DEGOOIJER

PROJECT MANAGEMENT

Will is a Senior Project Manager with over 17 years of local and international experience
covering commercial and railway infrastructure developments. He has proven exceptional
experience in combining client requirements and transportation logistics to develop and deliver world leading
solutions. He is a highly competent and enthusiastic industry leader with strong communication, negotiation, team
building and management skills.

LIGHT RAIL
& RAPID TRANSIT

NEWCASTLE LIGHT RAIL AND HKA was appointed to the Project Director’s Office
URBAN RENEWAL PROGRAM, as Benefits Manager and is responsible for
New South Wales, Australia pioneering a benefits-led approach to project
development and optimisation.
Project Management & PMO
NORTHERN BEACHES B-LINE,
The $600m program aims to bring people back to New South Wales, Australia
the Newcastle city centre by strengthening
connections between the city and the waterfront, Project Planning
creating employment opportunities, providing more
public space and amenity, and delivering better The aim of the Northern Beaches B-Line Program is
transport. to deliver a significant improvement in public
transport for Sydney’s Northern Beaches region.
HKA led the successful development of the Transport for NSW is introducing a new Rapid Bus
Preliminary and Final Business Cases, including Service, referred to as the B-Line service, along the
coordinating the Assurance Review(s) and Mona Vale–Sydney CBD corridor that will be the
managing Cabinet and Treasury approvals. In centre piece of this initiative. The program will also
addition, the HKA team designed, established and include the extensive modernisation of the region’s
operated the PMO, provided project controls, bus network and services.
reporting, coordination and general support to the
Project Director as required. Other deliverables The program comprises a number of critical on-road
included: and off-road infrastructure elements, including
additional bus priority, nine pairs of modern (B-Line)
• Preparing the Benefits Management bus stops, six commuter carparks, dozens of
Strategy and Plan for the Business Cases intersection upgrades and other road improvements,
and a package of cycling and walking infrastructure
• Leading the Assurance Review process improvements.

• Facilitating weekly coordination meetings, HKA was engaged in the planning phase of the
monitoring and progress reporting program, providing program management and
business case development support services.
• Preparing Project Management Plans and
the governance structure for the Program In the development phase, we provided business
case development support services and covered the
• Managing Issues, Decisions and Risk program reporting function.
Registers
In the delivery phase, we are assisting with program
PARRAMATTA LIGHT RAIL, planning, owning program scope, overseeing
New South Wales, Australia program scheduling, driving medium-term de-risking
of the program, and providing interface
Project Development management.

In December 2015, the NSW Government Our resource on the program is the longest-serving
announced the construction of the new $3bn member of the team, which during his time on the
Parramatta Light Rail Network to support program has grown from two to currently about 60
developing Parramatta into Sydney’s second CBD. full-time resources.

This catalyst project is the first in Australia to be
funded using land value capture.

SYDNEY METRO WEST, New South Wales

Industry Engagement Services

HKA has been engaged by the NSW Government to provide the following services for Sydney Metro West:

• Planning, facilitation and delivery of the Sydney Metro West Industry Engagement process including-
ROI process, more than 50 one-on-one meetings with global industry participants and project stakeholders;
analysis of meeting outputs and 100+ written submissions, and a detailed reporting on findings to inform
the Project Definition Report and Preliminary Project Delivery and Implementation Strategy.

• Planning, facilitation and delivery of the international benchmarking survey of leading metro owners and
operators, incorporating a written survey and engagement meetings across Australia, the UK and Europe,
Asia, the Middle East and North America. This is being facilitated through HKA’s global network of interna-
tional Advisory offices.

• Leading development, implementation and facilitation ofthe multi stage interactive dialogue process to
evaluate and shortlist Market Led Proposals for Strategic Options (additional station / precinct develop-
ment opportunities beyond the project baseline reference locations) with private sector landowners and
developers to inform the Project Definition Report in 2017 and Final Business Case in 2018.

• Leading planning and development of the Sydney Metro West Delivery and Implementation Strategy
(project packaging, delivery and commercial model, procurement, client organisation model options analy-
sis) to test and optimise with industry suppliers through a market sounding program and underpin the Final
Business Case.

• Planning, facilitation and delivery of the Sydney Metro West Industry Market Sounding process, includ-
ing ROI process, over 50 one-on-one meetings with global industry participants, analysis of meeting out-
puts and written submissions and a detailed reporting on findings to inform the Project Delivery and Imple-
mentation Strategy for the final Business Case.

LIGHT RAIL
& RAPID TRANSIT

NORTH-SOUTH RAILWAY: New Jersey Transit, Positive
PASSENGER STATION & Train Control Project, USA
MOSQUE WORKS, KSA
Schedule & Cost Review
Claims & Commercial Support
Positive Train Control (PTC) is integrated
HKA undertook a review of the contract and command, control, communications, and
provided the client with initial advice concerning information systems for control of train
any strengths and weaknesses regarding its movements. NJ Transit is installing the PTC system
commercial and claims position. throughout its commuter rail network under an
Engineer Procure and Construct (EPC) contract.
ETIHAD RAIL, Abu Dhabi HKA represented NJ Transit in evaluating ongoing
schedule and cost issues raised by the PTC
Claims & Commercial Support contractor and its suppliers and assisted NJ Transit
with negotiations to reach a settlement agreement
Etihad Rail has the mandate to manage the on prior delays and a completion schedule for the
development, construction and operation of the remainder of the program.
national freight and passenger railway network,
to be built in stages. It will form a vital part of the Sound Transit E360 Design-
planned Gulf Cooperation Council (GCC) railway Build Project, USA
network linking the six countries of the
GCC. HKA was appointed by Etihad Rail to RFQ and RFP Development
review, evaluate and provide an independent
assessment of the Contractor’s claims. The Sound Transit East Link Extension project
connects the Eastside population and
Transit City LRV Supply employment centers to downtown Seattle, Sea-
Contract, Canada Tac Airport and the University of Washington. Ten
stations will serve Seattle, Mercer Island, Bellevue,
Consultancy Services Bel-Red and Overlake in Redmond. HKA
conducted a quality assurance review of the
Bombardier Transportation (BT) is an industry Design-Build RFQ and RFP documents for the
supplier of Low Floor Light Rail Vehicle (LRV) E360 Design-Build contract.
technology. HKA is currently providing consulting
services and analysis of BT’s contract and HARAMAIN HIGH-SPEED RAIL,
technical issues related to the supply Low Floor KSA
LRVs to transit agencies in the Toronto
Metropolitan Region. Claims Support

The Haramain High-Speed Rail line is a 449-
kilometer (279-mile) inter-city rail system that will
link the holy cities of Makkah and Madinah in Saudi
Arabia. The stations comprise three-story
concourses with three platforms, two car parks, a
fire station, a helipad and a mosque. HKA is
providing commercial, contractual and claims
support services on the project.

HIGH SPEED 2, UK

Multi-functional Advisory Services

HS2 is a £55.7bn ($88.5bn) project to construct a high-speed railway in two phases; Phase 1 between London and Birmingham
by 2026, followed by Phase 2 to Manchester and Leeds scheduled for completion by 2033. The project is the UK Governments
flagship infrastructure project. As the spine of a 21st century transport network, this new infrastructure will enhance connectivity
and spur more balanced economic growth, while releasing space on crowded Victorian-era rail routes.

HKA has been engaged to help shape and accelerate planning and preparations ahead of Royal Assent for the construction
programme and the letting of contracts for the main civils works. HKA has been appointed to provide a range of advisory

Risk Advisory Services Stakeholder and Community Engagement

Reporting to the Director of Risk, the team made HKA proposed the approach for managing communications
recommendations to raise the overall risk maturity of the with government departments, the wider public sector and
organisation. We developed and managed contingency, media. This involved an assessment of the information needs
based on a model our risk advisors devised for the London of each stakeholder segment, support to the authorship of
2012 Olympics. Our team also re-built the project’s risk the Community Engagement Strategy, a full communications
register from first principles, designed risk architecture and plan broken down by quarter/month, along with guidance on
supported risk modelling. the actions required to build genuine engagement, and
indicators to measure effectiveness.
Business Transformation Services
Collaboration Framework
We established a business transformation programme for
the organisation and its delivery strategy as it transitions Our advisors are shaping HS2’s strategy for integrating multi-
toward managing the multi-billion construction programme. disciplinary teams and promoting collaborative working
A small team designed and ran the project management across the organisation and an extended supply chain. They
office for business improvement initiatives, ensuring effective are identifying the most complex challenges along the rail
day-to-day management and spearheading improvements route and opportunities to maximise the value from
across a range of areas of the organisation, including human collaboration that can be replicated elsewhere. The systems
resources. and processes we develop draw on best practice in line with
the ISO 44001 standard on collaborative working.

THE FUTURE

HKA IS A PIONEER OF THE INDUSTRY
AND AT THE FOREFRONT OF FUTURE
TRANSPORT SOLUTIONS.

HYPERLOOP

Programme Development

Hyperloop, the high-speed transportation system first envisioned by Tesla
CEO Elon Musk, is more than a new form of transport - it’s about connectivity,
changing how we consider time and distance.

The Australian Hyperloop Network offers a new way to move people and
freight along the East coast of Australia; safely, sustainably and really fast!

With the ability to move people and 40 foot containers at 1000km/h, the
Australian Hyperloop Network will solve a number of critical economic,
metropolitan and regional development and infrastructure challenges facing
Australia. This includes relieving congestion in cities, enabling growth in
regional centres and taking pressure off our ports, airports, and intercity
transport routes. This new technology will also require local advanced
manufacturing, creating new industries and putting Australia at the forefront
of future transport.

The Australian Hyperloop Network proposition will provide connectivity for
people and freight from Geelong in Victoria to Newcastle in NSW. The initial
concept aims to connect the three State and Territory capitals - Melbourne,
Canberra and Sydney, a number of regional centres and provide links to major
ports and airports via an inland corridor.

HKA is providing advisory services for this project, helping to navigate and
establish key links with government while also solving the challenges that
come from implementing fundamentally new ideas. While still in its infancy,
over the coming months we are ramping up our efforts with plans for a
Sydney Hyperloop Summit. The summit aims to bring the technology to life
for key stakeholders and map the path for future engagement. Shortly after,
we will be full steam ahead with a feasibility study..

TRANSACTION
ADVISORY & PPP

ROADS & TRANSPORT UNION SQUARE PPP PROJECT,
AUTHORITY, Dubai Dubai

Internal Audit of PPP function Lead Advisory

HKA was engaged by Roads and Transport Members of our Advisory team led the transaction
Authority (RTA) Dubai to undertake the advisory team (financial, legal and technical) that
independent audit of its internal PPP function in advised RTA on the Union Square PPP Project.
2017. Modelled on the approach from Singapore, the
project was scoped to use metro/light rail stations
The overarching purpose of the audit was to as a catalyst wider economic development –
determine if the existing internal arrangements including residential housing, retail, hotels and
were fit-for-purpose to assist the RTA in delivering other commercial activities.
the infrastructure elements of its 2020 vision.
MECCA MASS RAIL TRANSIT
The team worked with stakeholder across the RTA PPP, KSA
to identify, evaluate and categorise the key risks
facing the organisation. This including reviewing Financial Advisory
the PPP internal structure, the roles of
responsibility of the various departments vs. the Members of our Advisory team previously led the
central PPP unit and a sample analysis of key project finance team on the multibillion dollar
reports, documents and meeting minutes. Mecca Mass Rail Transit project.

Following the completion of the audit, HKA Their role included market testing of the funding
presented the finding to the Head of RTA’s internal market to assess capacity of the market and
audit and key member of the PPP central team. interest to provide debt (through bank debt capital
The issues highlighted within the audit were used markets and export credit finance).
by the RTA to enhance and improve its ongoing
commitment to the use of PPP as an infrastructure KUWAIT METRO PPP PROJECT,
delivery method. Kuwait

WESTERN AUSTRALIA Financial Advisory
TRANSPORT, Perth
Members of our Advisory team led the project
Light Rail PPP Business Case pre- finance team on the multibillion dollar Kuwait
development Metro project.

Members of our team previously supported the The role included market testing of the funding
Department of Transport, Western Australia to market to assess capacity of the market and
develop and facilitate a series of cross interest to provide debt (through bank debt capital
departmental workshop to outline the business markets and export credit finance).
case process for the Perth Rapid Transport
system.

OUR TEAM MEMBERS HAVE LEAD TRANSACTION ADVISORY
TEAMS ON SOME OF THE MOST COMPLEX AND SOPHISTICATED

PROCUREMENT PROCESSES IN THE MARKET

DEPARTMENT OF TRANSPORT,
Abu Dhabi

Procurement framework
development

Members of our Advisory team previously advised
the Department of Transport of Abu Dhabi (the
Department) on the development of a framework
and evaluation tool to determine the appropriate
contracting model for its programme of major
capital works.

Initial responsibilities included working with the
Department to understand the scope and timing of
its long-term capital commitments. Having
identified what the Department was seeking to
achieve, the team was tasked with developing a
long-list of potential contracting options which
could use to meet these goals.

Subsequently the team worked with key
stakeholders within the Department (including legal,
technical and financial) to set out the form and
nature of the procurement models, and determine
the relative suitability of each model for use by the
Department. The models included the full range of
contracting options from simple Design & Build
arrangements through to long-term concession
based agreements. The options also considered
the suitability of each model to attract third party
finance (a key objective for the Department).

The final deliverable was an assessment and
evaluation tool which was delivered to the
Department. Once the key parameters of a project
were input, the final tool guided the user through a
detailed decision-making process to determine
which contracting option or options would provide
best value to the Department.

Ultimately, the tool become a cornerstone for how
the Department approached it major capital works.

TRANSACTION
ADVISORY & PPP

IN ADDITION TO OUR LIGHT RAIL AND TRANSPORT CREDENTIALS,
OUR TEAM MEMBERS HAVE SUPPORTED PUBLIC AND PRIVATE
SECTOR CLIENTS ACROSS THE COMPLETE INFRASTRUCTURE
SECTOR.

BAHRAIN HOUSING PPP, The transaction provides the school with a secure,
Bahrain long term leased facilities from which it can
continue to deliver excellent educational standards
Transaction Advisory to its pupils.

Members of our Advisory team previously lead the Funding is provided by Emirates Real Estate
transaction team advising the Ministry of Housing Investment Trust and the structure meets its
on its pathfinder PPP housing project. strategic objective to own longer-term yielding
assets. The final commercial structure was the first
The project included 3,100 social houses and time institutional equity had been utilised in the
1,050 affordable houses. Stephen was education market in the UAE.
fundamental in negotiating over a 30% reduction
in the private sectors proposals, helping the MoH KING EDWARDS MEMORIAL
save over BD70m. As part of this role, helped this HOSPITAL PPP, Bermuda
project achieve commercial close and then liaised
with the preferred bidder to finalise their funding Private Sector Financial & Commercial
strategy for this project. Advisory

INFRASTRUCTURE Members of our Advisory team previously advised
PROGRAMME, Ras Al Khaimah the Sir Robert McAlpine consortium on its
successful submission for the USD $200 million
Financial & Commercial Advisory King Edwards Memorial Hospital in Bermuda.

HKA are currently advising a quasi-government/ Responsibilities included:
entity on the development of an infrastructure
programme for the Emirate of Ras Al Khaimah. • Management of a funding competition to
ensure that, in accordance with the
Our role includes the development of private conditions of the tender process, the
sector investment strategy into government submission had full credit support from
assets and government infrastructure. each member of the banking club and
returned an annual unitary charge within the
Projects include the development of sporting affordability envelope and
facilities, housing and hotels.
• Preparation and ongoing development of a
JEBEL ALI SCHOOL PPP, Dubai 25 year PPP model to calculate the annual
unitary charge for the facility.
Financial & Commercial Structuring
• Post Preferred Bidder award negotiations
Members of our Advisory team previously and financial close
developed the financial and commercial structure
to enable the relocation and expansion of Jebel Ali
School to a purpose built facility at Akoya, Dubai.

COMBINED CYCLE GAS POWER ABU DHABI HOUSING PPP,
PLANT PPP, Ghana Abu Dhabi

Finance Raising & Financial Modelling Transaction Advisory

HKA is currently acting as financial advisor to the HKA is supporting ADHA to deliver a PPP-style
preferred consortium on the $265 million 230MV housing arrangement for Abu Dhabi citizens. HKA
CCGT power plant in Ghana. Our responsibilities was appointed to:
include The preparation and development of a 25-
year IPP (PPA backed) power project financing • Review the existing financing structure (the
model and development a bankable funding ‘Land and Loans’ programme) to determine to
structure. what extent the outcomes from the existing
programme supported ADHA’s wider
KING FAISAL SPECIALIST strategic aims
HOSPITAL & RESEARCH CENTRE
PPP, Jeddah • Undertake a gap analysis between the existing
financing structure and international PPP best
Business Case Preparation practice

HKA was appointed to develop the business case for • Develop a detailed risk register for the project,
this SAR 11 billion medical complex. under a range of procurement options and
structures
Although commencing in 2010, the project had
stalled. A business case was therefore required for • Identify, allocate and quantify the value of risk
submission to the Ministry of Finance to reappraise between the various parties to the transaction
the project and for the release of additional funds. (Abu Dhabi Government, the Private Sector
The business case therefore set out: Partner, Abu Dhabi Housing Authority etc.)

• The local / national demand for tertiary HKA has also been responsible for developing the
healthcare services commercial and financing arrangements of the
project, undertaking a market sounding exercise to
• A competitive analysis, mapping competitor determine the viability of the new proposed
healthcare providers across population commercial structure, leading the business case
centres process to qualitatively and quantitatively evaluate
the new commercial structure against ADHA’s
• The economics of the project, including alternative procurement options and summarise and
potential sources of revenue and the current present the results to the project steering committee
overall cost of outbound health tourism to the (a multi-agency commercial with responsibility for
Kingdom oversight of the project).

• An analysis of project capital and operating Following the business case approval, HKA was re-
costs appointed to lead the development of the Request
for Proposal (RfP) for the project. This includes
• An analysis of the potential funding options for working with the wider advisors (legal / technical) to
the project, which included capital grants, PPP, develop a comprehensive document which will be
leasing structures and third party revenue issued to the market by Q2 2018.