• RAIL ECONOMICS & POLITICS • INVESTMENT BUSINESS MODELS • APPRAISAL OUTPUTS

Address Key Issues

Learn how the rail industry operates in different continents and economic environments

Gain A Full Understanding

Fully understand the risks and opportunities in this rapidly expanding sector

Key Takeaways

Improve your ability to appraise a rail project for investment

Master railway investment at speed

This specialised course in Rail Project Appraisal covers a wide range of topics across two days – the economics of rail, investment decisions that must be made, financial models, appraisal risk management and commercial modelling.

You will use practical XLS modelling to understand the key economic and financial issues. This is not an XLS modelling course, only a basic ability to use Excel is required.

IN JUST 2 DAYS YOU WILL:

  • Get to grips with the economics of rail
  • Understand the investment choices and decisions that have to be made
  • Explore the principles of economic and financial models and measures for appraisal risk assessment using models to identify and mitigate risk
  • Understand commercial Issues & Outline modelling for new builds, life cycle costing, lease vs. buy, lessor models, repair or replacements
  • Develop your appraisal process – compiling guidelines to ensure consistent appraisals for commercial viability

MEET YOUR TRAINER

Our Expert Trainer has a wealth of experience with companies of all sizes in the UK, the EU, Asia, and the Middle East. He has worked with clients across transportation, including ship owning and ship management companies, construction, engineering, telecoms, and international food companies. He was also served as an interim FD of an international rail consultancy – mainly concerned with acquisitions.

His knowledge of the economic development of rail around the world led to an appointment as a Public Member of Network Rail, the UK rail infrastructure owner.

He has been involved in a number of Rail projects, some of which have included:

• Supporting funding for an innovative, environmentally friendly rolling stock
• Training and advising Singapore LTA on new project appraisals
• Advising on South African mining rail links
• Advising and appraisal of pan-Asian rail systems
• Valuation of a freight rail project

Other work in the energy and telecom sectors has lessons for rail – as all are very capital intensive. Thus he is continually involved with the subject of capital investment expenditure – linked to the issue of operational costs and whole life (life cycle) costing.

Organisations that will benefit:

  • Rail Owners
  • Rail Operators
  • Construction Companies
  • Funders of Rail Projects
  • Banks & Financial Institutions
  • Law Firms
  • Suppliers

Who will attend:

  • C-level Executives
  • Rail Managers
  • Transportation Managers
  • Accountants
  • Finance Managers
  • Project Managers
  • Investor Relations

COURSE AGENDA

Day 1: Economics and Politics of Rail ⇓

  • Economic Overview
  • ‘Visions’ from around the world
  • Politics of Rail
  • The future – Projections from public sources
  • Where rail travel may be heading is often ignored
  • Urbanisation, air travel, cars, Self-Driving Car (SDC)
    Development of concession and franchise structures
  • Appropriate corporate structures
  • The principles of economic and financial models and measures
  • Case studies:
    • State-owned or private sector – the place of rail regulators
    • Some new and not-so-new technologies – could they make a comeback?
    • Comparative study of different types of regulatory framework – pros and
      cons of open access
    • How do railway companies perform? Identifying what is ‘good’ performance through a study of different operators

Day 2: Project Appraisal – Models, Sensitivity Analysis and Understanding Financial Risk ⇓

  • Outline modelling for many situations
  • Risk assessment
  • Developing appraisal processes
  • Compiling guidelines to ensure consistent appraisals for commercial viability
  • Examples of project appraisal manual, guidelines, assessment and review processes
  • Using appraisals as a project management tool – Appraisal audit
  • Everyone should understand the project – the economics, finance, and technical issues
  • Know what risks MUST be tied down
  • Case studies:
    • Identify and quantify the benefits of outsourcing maintenance
    • Review and challenge a feasibility study of an electrification scheme – identify the problems and opportunities
    • Identifying the sensitivities in a tunnel construction contract
    • Examples of where banks have funded rail projects – successes and failures, pros and cons of different approaches

For further information please call: +44 (0)1372 308547

or click on the brochure tab below

BROCHURE

IN-HOUSE

If you have a team of three or more, our experts can come to you!

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