Presentation is loading. Please wait.

Presentation is loading. Please wait.

Grandi Stazioni PPP in Railway Stations Prague 17 March 2004 Prague 17 March 2004.

Similar presentations


Presentation on theme: "Grandi Stazioni PPP in Railway Stations Prague 17 March 2004 Prague 17 March 2004."— Presentation transcript:

1 Grandi Stazioni PPP in Railway Stations Prague 17 March 2004 Prague 17 March 2004

2 Grandi Stazioni BACKGROUND

3 European ScenarioKey Drivers oPan-European trend on introducing new organization and management model in Public Companies operating railway transportation oFocus on reducing State budget burden oAchieve/increase rentability of operation and management effectiveness oPreparing for opening domestic market to competitors

4 Ferrovie dello StatoMilestone Assignment of assets’ ownership from the State to FS-1990: FS SpA Assignment of assets to operative Companies- Mid ’90s FS Group 1985 FS: Public Body Core and “not Core” assets and activities identification - End ’90s dismissions and PPP creation

5 Ferrovie dello StatoStations Management

6 Grandi Stazioni is the company established by Ferrovie dello Stato to refurbish and manage the 13 major Italian railway stations Grandi StazioniWho is Grandi Stazioni

7 Grandi Stazioni GRANDI STAZIONI AND THE PPP MODEL

8 PPP is a mean to increase the potential of being successful in implementing a “public-funded” project where investing in a public assets could match profitable operation Grandi Stazioni and the PPP ModelThe PPP Model Refurbishment of stations: “public - funded “project Stations: public assets Commercial exploitation of stations: profitable operation

9 Grandi Stazioni and the PPP ModelThe Assets

10 – A clear base and long-term strategy set by the public partner – A clear identification of roles between the two (Public and Private) partners Grandi Stazioni and the PPP ModelKey Elements of the PPP A tailor-made contract between the parties

11 oplanning and design oproject and construction management omanagement of the spaces omanagement of the advertisement assets omanagement of the technical services Scope: Integrated management of 13 major Italian railway station Investment financing: oPublic Partner: extraordinary maintenance and restructuring works required by technical regulations in force oPrivate Partner: upgrading and functional works aimed at improving usability and commercial value of the complexes Duration: 40 years Grandi Stazioni and the PPP ModelLong Term Strategy and Identification of Roles Revenues: oFS: Minimum guaranteed + variable amount linked to GS actual revenues

12 In order to be successful a PPP-Model should rely on a Private partner capable of bringing in added value in terms of know-how, business expertise, and standing Grandi Stazioni and the PPP ModelCritical Factors for Success The right partnership

13 60 % Vianini Lavori S.p.A. Caltagirone Group % Edizione Holding S.p.A. Benetton Group % Pirelli & C. Pirelli Group S.N.C.F. Partecipations S.A % 40 % Grandi Stazioni and the PPP ModelThe Partners

14 Grandi Stazioni and the PPP ModelOpportunity for the Public Partner Being supported by a private partner with a strong expertise in developing and operating such business Diverting human resources and financial flows to core business activities Maximize value of the contributed assets Construction Works Asset Management Pirelli Group Benetton Group Caltagirone Group Retail Private Shareholders Expertise Media/Real Estate Asset/Facility/Property Management

15 Level 2 Secondary services Level 1 Primary services Retail Advertising Travel services Office rent, hotels Tobacco / press point Food & Beverages Car rental services Other Ticket counters Travel information Maintenance of tracks and rolling stock Cleaning Safety Maintenance of building Trolley services Toilettes Waiting lounge Grandi Stazioni and the PPP ModelSplitting of Responsibilities

16 Grandi Stazioni and the PPP ModelResults for Ferrovie dello Stato Increased value in real estate assets I mproved services to the customer base and the non travelers Improved public opinion image Profits from operations

17 2001 ( Figures in M€ ) Turnover Operating Costs EBITDA EBIT Grandi Stazioni and the PPP ModelResults for Grandi Stazioni

18


Download ppt "Grandi Stazioni PPP in Railway Stations Prague 17 March 2004 Prague 17 March 2004."

Similar presentations


Ads by Google