Infrastructure Finance & Economics

PB Consult provides innovative economic evaluation and financing techniques to both public and private sector clients. Evaluations include the economic benefits of transportation, power and other infrastructure projects; impacts on local, regional and state economies; financial feasibility analyses; alternative approaches to state and local government finance; toll revenue studies; bond analyses; value capture and joint development studies; alternative pricing/toll structures; tariff studies for electricity supply; financial constraints/financial capacity analyses; real estate market evaluation; load forecasting and asset valuation for electricity systems; and cargo forecasting for port feasibility projects. We maintain a close liaison with federal agencies, state and local governments, industry associations and funding agencies in order to provide timely financial and economic planning advice to our clients.

Financial Advisory Services for Sponsors and Lenders

PB Consult understands that in today's economic and political climate, successful program implementation requires an ability to exploit non-traditional approaches, including innovative finance and public private partnerships. Around the world, infrastructure needs have escalated and outstripped conventional public funding resources. PB Consult combines time-honored capabilities in project planning, budgeting, economic analysis, and operations with new approaches based upon a sophisticated knowledge of financing strategies, an understanding of how developers operate, and the political dexterity to work with public agencies, private entities, interest groups, and communities.

PB Consult’s financial advisory services to project sponsors and lenders range from assessing funding options, to structuring financial plans and coordinating with capital markets, to evaluating options to attract private sector participation. PB Consult assists clients in exploring public and private resource opportunities, and in negotiating and securing the best available funding to make projects work. Whether we’re evaluating toll roads, bridges, transit, hydropower, waste-to-energy plants, water and wastewater handling or other potential applications, the intent is the same: demonstrate how the job can be done more quickly and with equal or less cost than the "traditional" method of independent procurement of planning, design, and construction services.

PB Consult professionals have helped project sponsors through the entire process of implementation from project definition, partner selection, and agreement negotiation and financial close. We have conducted financial analyses for over 40 infrastructure concessions. Our clients rely on us to demonstrate the implications of various revenue, cost and timing assumptions, and to test the viability of multiple debt and equity structures. The firm has helped project sponsors and concessionaires work together to maximize revenues of start-up facilities through creative pricing strategies, technology applications, marketing, and other innovations.

Finance and Development Services for Project Teams

Faced with the challenge of “infrastructure deficits” principally born out of rapid economic growth, many public agencies have developed programs to leverage private sector expertise, enhance opportunities for innovation, and devise new schemes of risk allocation to improve cost effectiveness and accelerate delivery of major infrastructure projects. The resulting partnerships between government and industry face many challenges to achieving successful implementation, beginning with conducting initial assessments of project concepts; managing the statutory processes such as environmental review or establishing payment mechanisms; developing efficient allocation of risk and reward among the parties involved; completing the project financing; and meeting performance expectations during the project delivery and operations phases.

As a consequence of the difficult development process, the private side of the public-private partnership increasingly are seeking highly qualified advisory partners who have broad perspectives and skills to steer the project through the process to successful implementation. This is PB Consult’s primary role.

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