PPPs and the Project Finance Market

Governments have supported PPPs through a variety of instruments given persistent problems in availability, tenure and cost of financing, as well as problems of risk perception among private providers. The first webinar on the subject on May 6, 2014 gave an overview of key instruments of support, the pros and cons of using these, how and why governments use these instruments, and the pre-requisite...view more

About the Presenters

Gavin Munro

Gavin Munro is the Head of Infrastructure Finance for Asia Pacific at Societe Generale Corporate & Investment banking (SG CIB). Based in Hong Kong, he focuses on transport infrastructure and Public Private Partnership (PPP) transactions in the Asia Pacific region. Before relocating to Hong Kong in 2010, Gavin led the Infrastructure Project Finance team in the bank’s London office, where he was involved in advising on a broad range of infrastructure projects and other limited recourse financings. His credentials spread across various transactions in different markets including the United Kingdom, Ireland, Germany, the Netherlands, Greece, Hungary, Cyprus and South Africa. This included advising the Hochtief Airport Consortium on their acquisition of Budapest Airport and the the Bouygues, Bombardier and Murray & Roberts led Bombela Consortium on their bid for the Gauteng Rapid Rail Link project in South Africa. Prior to his transfer to London in 1999, Gavin was Head of Project Finance in Johannesburg, where he advised on a broad range of transportation and infrastructure projects, including advising the Dragados led consortium in their successful bid for the N4 West Platinum Toll Highway in South Africa. He worked in merchant banks and acquired substantial experience in private equity and corporate reconstructions before joining Hambros bank, which was taken over by Societe Generale Corporate & Investment Banking in 1998. He was previously the head of the project finance team at First National Corporate Bank, now part of Rand Merchant Bank, where he was engaged in industrial, mining and infrastructure projects. Gavin graduated from the University of the Witwatersrand in South Africa with degrees in Commerce, Laws and Accounting. He is also qualified as both a Chartered Accountant and an Advocate.

Shyamala Shukla

Shyamala Shukla is a Senior Consultant in Infrastructure Finance at the PPP Group of the World Bank. She has worked at the World Bank for over six years as a Consultant and as an Advisor to Executive Director. She has over two decades of experience in infrastructure financing, policy and regulation, with specific expertise in public-private arrangements, innovative financing, government support instruments, project design, development, structuring and implementation. She was closely involved with the development and implementation of infrastructure and PPP policies as well as a large portfolio of infrastructure PPP projects in India at national and sub-national levels of government in various positions for several years, including as Director (Infrastructure) in the Union Ministry of Finance in Government of India. She has also worked on policy and projects in Kenya, Nigeria, Ghana, Indonesia, Vietnam, Bangladesh, Bhutan, Sri Lanka and other countries, and is currently engaged in the development of a framework for the establishment of a Project Finance Facility in Kenya. Among financial institutions, apart from the World Bank, she has worked with the Asian Development Bank, the Islamic Development Bank and the Reserve Bank of India. Shyamala has an MPA from Harvard University, Cambridge, Massachusetts and an MS in Finance from Johns Hopkins University in the United States.

Questions Submitted


- Jun 24, 2018


- Jun 15, 2018
interesting, thanks

Jesús Manuel

- Sep 12, 2017


- May 29, 2017


- May 26, 2017
Are there possible PPP projects in South Africa in the Health Are space?

Marie Stella

- May 25, 2017


- May 25, 2017
my understading is that Public PRIVATE partnership is a contractual arrangement between a public agency and a private sector entity,where skills and assets of each sector can be shared, of importance each party shares in risks and potential rewards. my question is who normally champion this intiatives?
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