“Public Private Partnerships: UK experience and funding opportunities”
September 8, 2021.
On September 8, our managing partner Luis Rafael Pellerano participated in the webinar “ALIANZAS PÚBLICO-PRIVADAS: Experiencia del Reino Unido y Oportunidades de Financiamiento”, organized by the British Chamber of Commerce, moderated by Amauris Vásquez | Partner at Camps Vásquez & Valera.
The panel was accompanied by excellent speakers: S.E.Mockbul Ali | Honorable Ambassador of her Majesty of the United Kingdom of Great Britain and Northern Ireland; Javier Encimas | International Director of the Structured Project Finance Department at the UK Projects and Infrastructure Authority (IPA-HM Treasury); and Diego Folino | Regional Director at UK Export Finance.
They were also accompanied: Francesca Ortiz | Britcham Executive Vice President, and Leonel Melo | President of the British Chamber of Commerce of the Dominican Republic.
The objective of this event was to know the best practices in PPPs based on the experience and technical knowledge of the United Kingdom as well as the search for new methods that serve to develop and execute important infrastructure projects in the Dominican Republic, through the new Law 47-20.
Luis Rafael Pellerano: “Law 47-20 establishes a consolidated legal and regulatory framework that regulates the initiation, selection, award, contracting, execution, monitoring and termination of public-private alliances that are developed in the country. The Law highlights the principles of efficiency, equality and free competition, commonality, stability and risk distribution"
S.E.Mockbul Ali | Honorable Ambassador of her Majesty of the United Kingdom of Great Britain and Northern Ireland.
“In history, the UK has been one of the pioneers in developing the concept of PPPs. Through the alliance with the private sector, the British government has sought to deliver public services in an efficient and cost-effective manner to its citizens, and it is our interest to be able to share our experience and best practices with the Dominican Republic"
Javier Encimas | International Director of the Structured Project Finance Department at the UK Projects and Infrastructure Authority (IPA-HM Treasury).
“It is very important that the public sector, when developing a PPP project, take into account what the private sector expects and wants from this type of project. In terms of PPPs, the UK has learned in the last 20 years that it is important to formalize best practices through standardization of guidelines and methodologies, project documentation, contract templates, processes and procedures, etc.; and that PPPs are flexible tools that can be adapted to the characteristics of any sector of the economy. The UK PPP model is currently used in more than 40 countries on 5 continents. The model has been tested, is flexible and can be adapted!"
Diego Folino | Regional Director at UK Export Finance.
“Our mission is to make sure that no viable UK exports stop due to lack of funding from the private sector and this mission is undoubtedly of great importance in times like the ones we are experiencing today. No specific structure is off limits to UKEF as long as an acceptable risk and structure is available to the bank and UKEF. We will be happy to review PPP projects"
Luis Rafael Pellerano | Managing Partner
“Law 47-20 establishes a consolidated legal and regulatory framework that regulates the initiation, selection, award, contracting, execution, monitoring and termination of public-private alliances that are developed in the country. The Law highlights the principles of efficiency, equality and free competition, commonality, stability and risk distribution"
The PELLERANO NADAL team is available to answer any questions regarding this or any other topic of interest to you.