26 August 2008. Today a study initialised by ESA was kicked-off, to be conducted by ESPI together with Euroconsult SA and Milbank, Tweed, Hadley & McCloy LLP, investigating suitable mechanisms for Public-Private-Partnerships in satellite communications.
Public-Private-Partnerships (PPP) are increasingly being seen as an efficient means of structuring space programmes and these kind of partnerships are being used more and more to develop, market and operate space based solutions and services for both, commercial and institutional customers. Significant investments in new and advanced technologies and a larger user community can stimulate the demand for new products and services. These initiatives are aimed to give the European space sector a competitive advantage on a global scale.
The purpose of the study that ESPI is carrying out with Euroconsult and Milbank is to increase European understanding of the conditions and models that are used in successful PPPs with a view to giving Europe a competitive edge in future efforts undertaken in the satellite communications sector. The study will present recommendations on strategies facilitating the partnership between institutional actors and commercial players, optimal risk allocation between the partners, liability mitigation and collateralisation of debt based on space assets and optimal governance models for different constellations.
The Partners :
• ESPI has a profound knowledge of the European space sector. It is the central European think tank for space policy, providing decision makers with an independent view and analysis on mid- to long-term issues relevant to the use of space. ESPI provides the study leader, Kai-Uwe Schrogl (Director), the study manager, Andrea Franzolin (Study Manager), and the contract officer, Michel A. Jakob (Treasurer).
• Euroconsult has developed a recognized international expertise in the space sector through over 400 consulting works and assignment studies carried out for companies and institutions in 48 countries, mainly space agencies and administrations, space hardware manufacturers, and satellite operators. Euroconsult’s expertise includes independent assessment of public policies, development of business plans and market estimates, financial valuations, feasibility studies, and risks and opportunities assessments. Euroconsult is represented by Steve Bochinger (Director of Institutional Affairs), Richard Roithner (Analyst) and Macha Ejova (Analyst)
• Milbank, Tweed, Hadley & McCloy LLP is an international law firm with over 600 lawyers, providing a full range of legal services to many of the world’s leading financial, industrial and commercial enterprises, as well as governments, institutions and individuals. Milbank has a global reputation for its experience in the satellite and space industry. The strength of Milbank’s Space Business Group lies in its active involvement in the commercial space marketplace over many years. For Milbank, the following persons are involved: Joanne Wheeler (Senior Associate), Daisy East (Senior Associate), Sean Keaton (Partner), John Dewar (Partner) and Boudien Moerman (Associate).
The study will be concluded in March 2009. A public workshop for the dissemination of the study results is expected to take place at ESPI in Vienna in March 2009.