Event Date/Time: Feb 25, 2009 End Date/Time: Feb 27, 2009
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• What other countries have had a similar pattern to China and
what were the results there?
• What is the outlook for the market structure in China’s
infrastructure?
William Dodson, General Manager & Partner, Asia Base Law
& Projects, China
10.45 Morning Networking Break
PROJECT SOURCING
11.15 Where are the Best Projects & How to Find Them?
• Overview of Morgan Stanley & Morgan Stanley Infrastructure
Partners (“MSIP”): History and presence in China
• Exploring MSIP’s view on global infrastructure sector: Including
Asia & China
• Expected return profile on infrastructure projects
• MSIP investment case studies
Joe Chang, Executive Director – Infrastructure Fund, Morgan
Stanley, Hong Kong
12.00 Sourcing for the Best Projects: How Can You Pick a Winner?
Invited speaker from leading international infrastructure
investment bank
12.45 Networking Lunch
8.30 Registration and Morning Coffee
8.55 Organiser’s Welcome
9.00 Welcome Remarks from Conference Chair
Darryl Jarvis, Associate Professor, Lee Kuan Yew School
of Public Policy (LKYSPP), Singapore
REGULATORY ENVIRONMENT
9.15 Infrastructure Investment in China: Myth or Reality?
• Has the time really come for foreign and private investment
in China’s infrastructure?
• What factors influence the profitability or viability of investment
in a Chinese infrastructure project?
• What are the investment opportunities in the interior against
the backdrop of the “Go West” policy
• How can improvements in transport infrastructure provide
opportunities for investors?
Zhang Tingting, Managing Director, Yangtze Transport –
Yangtze Business Services, UK
10.00 Following Changing Market Structuring in China’s
Infrastructure Projects
• How have market reforms and policies to open the public
sector improved public infrastructure?

2.00 Risk & Regulation: What Are You Getting Into?
• Assessing regulatory risks in infrastructure: Preliminary findings
• Understanding types of regulatory risks and their impact
• Assessing the regulatory risk environment for infrastructure
investment
Darryl Jarvis, Associate Professor, Lee Kuan Yew School
of Public Policy (LKYSPP), Singapore
2.45 What Does the Current Climate Mean for Infrastructure
Investments?
• Where are funds flowing?
• What are the trends in infrastructure spending?
Anderson Chow, Head of Transport & Infrastructure Asia,
Macquarie Capital Securities, China
3.30 Afternoon Networking Break
4.00 PANEL SESSION: Winning the Bid: Techniques to Put You
Ahead of the Competition
• Identifying areas of need in the tender process: Filling the gap
• Which projects are “encouraged”, “restricted” or “prohibited”
by the Chinese government?
• What, if any, financial and business incentives exist at municipal,
provincial and state level? Grants, tax breaks, exemptions etc.
• Subcontracting instead of forming consortia
• Local set-up: Is it really necessary for taking part in the tender
• Remedies for unsuccessful bidders
PANELISTS:
William Dodson, General Manager & Partner, Asia Base Law
& Projects, China
Anderson Chow, Head of Transport & Infrastructure Asia,
Macquarie Capital Securities, China
Joe Chang, Executive Director – Infrastructure Fund, Morgan
Stanley, Hong Kong
5.00 Closing Remarks from Conference Chair & Close of Day One

9.00 Welcome Back Remarks From Conference Chair
Darryl Jarvis, Associate Professor, Lee Kuan Yew School
of Public Policy (LKYSPP), Singapore
PROJECT ASSESSMENT
9.15 Doing the Due Diligence and Feasibility Studies
on Infrastructure Projects
• Is this road/rail/water/port investment really going to be worth
your while?
• What income may I have? Can it be transferred abroad?
• Do I need a due diligence and who are the best people
to carry it out?
• What kind of models should you be applying for China projects?
• What makes a bankable project?
Dr Jonathan Beard, Managing Director, GHK Ltd., Hong Kong
10.00 Project Valuation Methodologies
• Understanding the need for evolving and more sophisticated
valuation methods
• Local evaluation methods and concerns of foreign lenders
• Evaluation of state assets – will it prevail?
• Including more secondary and tertiary factors in the decisionmaking
process
• Making more long-term and structured decisions
• Carrying out the cost/benefit analysis based on a variety
of perspectives
Jeff Greene, Partner, DLA Piper, China
10.45 Morning Networking Break
PROJECT INVESTMENT MODELS
11.15 PANEL SESSION: Understanding the JV Model that Will
Work for You
• What kind of partnership is accepted and recognized
in the type of investment you want?
• Being aware of qualification issues: You can get a better
or worse grade depending on your partner
• What do you do when you want to end the partnership?
• How to structure the exit upon market entry
PANELISTS:
Dr Jonathan Beard, Managing Director, GHK Ltd., Hong Kong
Jeff Greene, Partner, DLA Piper, China
Hopes Jian Jin, Partner (Clients and Markets), Deloitte
Touche Tomatsu, China

12.00 Who Owns The Project: Concessions, Agreements & Contracts
• Factors to consider for successful contract enforcement
• Advantages and disadvantages of various types of concessions
• Management and control of subcontractors, partners etc.
Zhang Yi, Partner, King & Wood, China
12.45 Networking Lunch
2.00 Maximising Government/Project Owner Relationships
• Getting to the information ahead of the competition
• E.g. Hongqiao Transport Hub project: Getting your hands
on a potential 240 000 sqm of investment opportunities
• Working effectively with state, provincial and local governments
Hopes Jian Jin, Partner (Clients and Markets), Deloitte
Touche Tomatsu, China
CONTRACTS & AGREEMENTS
2.45 Getting The Contract Right
• Deal-making skills are very important when investing in
China’s public goods: How do you avoid being burnt?
• Who should be privy to the contract and its terms?
• Setting realistic KPIs for the project
• What are your exit strategies?
Johannes Weilharter, Attorney at law (Austria), Schulz
Noack Bärwinkel, Shanghai Office
3.30 Afternoon Networking Break
4.00 Dispute Resolution: What Should You Be Prepared For?
• Issues arising from drafting – negotiation – finalization phases
of contractual agreements
• Whether you should resolve disputes by court proceedings
or arbitration or mediation?
• Common areas of disputes arising from China’s infrastructure
projects
• Tips for resolving disputes in China infrastructure projects
Terence Wong, Consultant – Projects (Engineering and
Construction), Lovells LLP, China
4.45 Remarks from Conference Chair & Close of Conference

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Additional Information

Questions: Which projects are stable and sound infrastructure investments? How do you find these projects? What lessons have been learnt by experienced infrastructure investors? Answers: Find them at IPF 2009 – Register TODAY! | Find out what some of the world’s TOP investment banks think about infrastructure investment: Morgan Stanley Macquarie Capital Securities | ...and many more “CHINA’S LEADERS HAVE APPROVED TWO TRILLION YUAN IN SPENDING ON RAILWAY CONSTRUCTION, STEPPING UP PLANNED INVESTMENTS TO HELP FEND OFF AN ECONOMIC SLOWDOWN.” Xinhua News Agency “... THE VALUE OF INFRASTRUCTURE-RELATED DEALS EXCEEDED $300BN GLOBALLY BOTH IN 2006 & 2007. DESPITE THESE RECORD LEVELS OF INVESTMENT, THERE IS NO SIGN OF THE DEMAND FOR INFRASTRUCTURE ASSETS RELENTING AS FINANCIAL SPONSORS, NOTABLY SPECIALIST INFRASTRUCTURE FUNDS, CONTINUE TO DRIVE THE GROWTH OF THE MARKET.” Thomson Financial in The Banker, 2008 “SYDNEY-BASED MACQUARIE GROUP HAS PLANS TO RAISE AN INFRASTRUCTURE FUND OF FUNDS, TARGETING INITIAL COMMITMENTS OF A$1 BILLION (RMB5 BILLION).” Infrastructure Investor, 2008 With such startling statistics and sweeping comments by the most experienced in the industry, it is impossible to deny the importance of infrastructure investments. Given the credit situation, spooked investors will immediately look for safer, more stable projects and assets to put their money in, and infrastructure is traditionally one of the most secure investments to get involved with. Attend IBC’s Infrastructure Project Finance event to find out how you can break into the rapidly-expanding Chinese infrastructure market, find the right projects, form the right partnerships and reap the rewards of a sound investment.

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