31 March 2009. Leaders from space industry, governmental and financial institutions discussed today at ESPI the perspectives of modern PPP models in the European satellite communications sector. The conference was based on a study initiated by ESA and performed by Euroconsult, Milbank and ESPI.
Around 50 leaders and experts participated in this high-ranking event. The presentation of the study initiated by ESA (Pierluigi Mancini as technical officer), entitled “Applicability of Public Private Partnerships in the next generation of satcom systems” and carried out by Euroconsult (Steve Bochinger, Richard Roithner, Masha Ejova), Milbank, Tweed, Hadley & McCloy LLP (John Dewar, Sean Keaton, Joanne Wheeler, Daisy East and Boudien Moerman) and ESPI (Andrea Franzolin as study manager) gave rise to an interesting debate among the main European stakeholders on the possible implementation of these models, facing the current economic downturn and the European regulatory reform.
The event was divided into three sections (programme here): keynote addresses by the Member of the European Parliament Etelka Barsi-Pataky, the ESA Director for Telecommunications and Integrated Applications Magali Vaissière and the Head of the Space Policy and Coordination Unit in the EC Stefan Nonneman; the presentation of the main results of the study, treating the economical and legal conditions to undertake satcom initiatives through PPP models; and a round-table featuring high ranking speakers and guests from space industry, governmental and financial institutions among them Romain Bausch (SES), Giuseppe Viriglio (Telespazio), Paul Millington (Astrium Services), Antonio Arcidiacono (Eutelsat), Robert Paterson (PriceWaterhouseCoopers LLP) and moderated by Nick Flitterman (Portland Advisers).
Speakers at the conference. From left: Andrea Franzolin, Richard Roithner, John Dewar, Pierluigi Mancini, Etelka Barsi-Pataky, Giuseppe Viriglio, Magali Vaissière, Joanne Wheeler, Nick Flitterman, Kai-Uwe Schrogl, Antonio Arcidiacono, Romain Bausch, Robert Paterson, Paul Millington, Stefan Nonneman.
The ambition of the activity that ESPI carried out with Euroconsult and Milbank, under ESA’s initiative, 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 presents conclusions on potential models facilitating the partnership between institutional actors and commercial players, the assessment of risk allocation between the partners, liability mitigation and collateralisation of debt based on space assets.
Roundtable with, from left to right: Robert Paterson, Paul Millington, Antonio Arcidiacono, Nick Flitterman, Giuseppe Viriglio, Romain Bausch
Presentation of the study by Joanne Wheeler, Steve Bochinger and John Dewar