Is the Skyway a Model for Future Privatization?

1
Is the Skyway a Model for Future Privatization?

• J. Paul Forrester
• Mayer, Brown, Rowe Maw LLP

2

• Panelists

• William J. YoungGoldman Sachs Co.
• Warren Bo Daniels, Jr.Loop Capital Markets LLC
• Cherian GeorgeFitch Ratings

3

• International Infrastructure Privatization
  Experience

• Prior US/Chicago Experience
• Prior/Current Toll Road Experience

4

• Some scepticism is unfortunately appropriate

• Over 10 years of talk and not much action
• 1993 Commission to Promote Investment in
  Americas Infrastructure
• Governor Pataki/New York Privatization Executive
  Order/Advisory Committee
• ASCE Infrastructure Reportcards 2003 and 2005
  Good News is that the amount (1.6TN) was the
  same, the Bad News is the grade fell to D-