Transcript Off-balance sheet financing in municipalities Regional Development and Municipal Finance

Marc Schimpel, Lukas Stuehlinger
Dexia Kommunalkredit Bank - PPP & Maastricht Advisory
Off-balance sheet financing in municipalities
Regional Development and Municipal Finance
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26 June, Bukarest
May 2008
The Specialist Bank for the Public Sector
Municipal off-balance sheet financing
Micro PPPs
Simple PPP structure
Public project company
Based on German model
Income from Tariffs
Forfaiting financing
min 50% market income (!)
EUR 10m to EUR 30m
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May 2008
Market Producers
> EUR 0 m
The Specialist Bank for the Public Sector
Example for a Micro PPP
Micro PPP to renovate/finance/operate a school in Vienna
Contract structure: PPP, forfaiting financing model
Capital value: €8,6m, Duration: 11 years
Typical sectors: Education, Health
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May 2008
The Specialist Bank for the Public Sector
Example for a Market Producer
Market Producer: Wastewater sewage plant
Public project company, funded by customer tariffs (ca. 70%)
Capital value: several projects 0,5 to €20m
Sectors: Waste, Wastewater, Energy
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May 2008
The Specialist Bank for the Public Sector
Example for sector restucturing
No one-by-one solutions!  active restructuring led by Ministries
Dexia Kommunalkredit Project Example:
Restructuring of Austrian municipal service sector (1997-01)
- Project by Min. of Finance / Municipalities Assoc. / Statistik Austria
- development of standards + clear implementation process
- reduction of public debt of municipalities by ca. 66%
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May 2008
The Specialist Bank for the Public Sector
What we can do for you
Our experienced Advisory Team can support you with:
 off-balance sheet restructuring of the public service sector
 development of PPP financing structures / standards
 Maastricht-optimised restructuring of assets and debt
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May 2008
The Specialist Bank for the Public Sector
Dexia-Kommunalkredit Austria
Phone
Marc Schimpel
Off-balance sheet / Maasticht Expert
Dexia Kommunalkredit Bank AG
+43-1316 31 591
Lukas Stuehlinger
PPP Advisory
Dexia Kommunalkredit Bank AG
+43-1316 31 425
Dexia Kommunalkredit Bank AG
Tuerkenstrasse 9, 1092 Vienna
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May 2008
[email protected]
The Specialist Bank for the Public Sector
www.dexia-kom.com
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May 2008
The Specialist Bank for the Public Sector