1. Dutch PPP Dealflow
2012-2020
London, 5th Global Leadership
Infrastructure Forum
Danny Zwerk
PPP Unit, The Netherlands

2. Overview
• Rijkswaterstaat
• Dutch Government PPP Policy
• PPP-dealflow in general
• Upcoming tenders
• Key features of Dutch PPP’s
– Risks allocation
– Legal framework
– Competitive dialogue
– Payment mechanism

3. Rijkswaterstaat
• Rijkswaterstaat (1798) is the executive agency of the Ministry of
Infrastructure and Environment
• Rijkswaterstaat works to ensure that the Dutch have:
• dry feet
• sufficient clean water
• a smooth and safe flow of transport on nation’s roads and waterways
• reliable and useful information
• Round 9.000 Employees
• Annual budget: € 4 to 5 billion
3 February 2012

4. PPP Policy
• Multi Annual Investment Programme 2012-2028
– Budget approved by Parliament up until 2023
– Cost Benefit Analysis
– Environmental Impact Analysis
– Ceiling Price including maintenance and interest
• First allocate budgets to attractive projects then determine the
best contract type for each project.
• Current government: PPP/DBFM unless… Comply or Explain
• Dealflow 2-3 projects each year
• Support local government
• Attract institutional investors

5. Potential PPP Dealflow
• 32 Indicated PPP’s in the Multi Annual Programme
• Total ca € 20 bln (CAPEX)
• 2 Rail Projects (under investigation)
• 10 Projects in Maritime Infrastructure
• 20 Projects in Road Infrastructure
• Some greenfield
• Mostly new highway, next to existing highway
3 February 2012

6. New highway next to existing highway…

7. Dutch PPP’s
5 tendered
2 tendering
>20 upcoming
(2-3 each year)
3 February 2012

8. The SAA-corridor: € 4½ bln (5 contracts)

9. SAA: Estimated time schedule and budgets
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 BUDGET
A10-East/A1 5,0%
A1/A6 40,0%
A9 Gaasperdammerweg 22,5%
A9 Amstelveen 22,5%
A6 Almere 10,0%
Legenda
Tender
Realisation
Exploitation
9

10. A10 Amsterdam ZuidAs

11. The Amsterdam Sealock (1)

12. The Amsterdam Sealock (2)

13. The Afsluitdijk: improve safety and renovate locks

14. Risk Allocation
• Client Risks (Full compensation)
– Force majeur event
– Compensation event (change of law)
• Shared Risks (only compensation for delay)
– Delay events
• Contractors Risks (All on contractors expense)
– All but… supervening events

15. Remaining with the client
Incidentmanagement Winter maintenance Traffic Management
15

16. What happened?…… And what happens next?
16

17. Force Majeure or contractors risk?
17

18. Legal framework
• Procurement Directive 2004/18/EG
• Dutch contract law
• Decree Procurement rules for Public Contracts
Dutch abbreviation: BAO
• Guidelines for procurement of public works
Dutch abbreviation: ARW 2005

19. Challenges
• Improve Contractmanagement
• Capacity Building within the Government
• Attract Institutional Investors
• Support Local Governments

20. Concluding remarks
• Long term stability
• Strong political commitment
• Substantial dealflow
• Solid projects
• Standard contracts and procedures
• Looking for partnership and foreign involvement

21. Thank you very much! www.ppsbijhetrijk.nl

22. PPP features
• DBFM with availability payments
• Ceiling Price for bidders including maintenance and interest
• Standard contracts and standardized risk allocation
• Standard tender documents and standard procedures
• Competitive dialogue

23. DBFM-payment mechanism
Partial Payment mechanism
availability
• Payments on availability (after payment
completion)
– Penalties in case infrastructure is
not available
– Penalties in case quality is
insufficient Bullet Availability
payment on payment
• Bullet-payment on realisation realisation
• Ceiling price during tender
procedure

24. 3 months
Tender Schedule 3 months
3 months
Dialogue
Award phase
phase
Selection phase Best and
1st dialogue rounds 2nd dialogue rounds 3rd dialogue rounds Final Offer Contract Close Financial Close
6-9
3 months 3 months
months
3 months
Announcement
Financial
1 Candidate
Contract
Award
Close
Close
n Candidates [nr] Candidates [nr] Candidates
Award criteria
Award criteria
Selection criteria
Request to participate Plan of Approach Final Tender