Friday, November 6, 2009

9:45 AM - 10:45 AM

PORTS - P3 OPPORTUNITIES

Eric Zampol Vice President, BMO CAPITAL MARKETS

JJ Keever Senior Deputy Executive Director, VIRGINIA PORT AUTHORITY

Tim Bath Director Infrastructure Finance, RBC CAPITAL MARKETS

John LaRue Executive Director, PORT OF CORPUS CHRISTI AUTHORITY

Looking beyond the turmoil for long-range needs.

Historically, ports have not relied substantially on federal funding for operating or capital expenses. Although an extension of the temporary AMT exemption that was implemented for all bonds under the stimulus law would help ports. It would lower their capital costs for those projects and broaden the market for interested investors. Federal grants to ports could help lift some capital burden off the shoulders of ports simply by decreasing the amount of debt they have to issue to complete projects, or they could prompt new debt issuance by filling a funding gap for projects that wouldn't otherwise move forward.

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