Seaports Magazine - Winter 2015 - (Page 39)

» GUEST VIEWPOINT Port Planning and Investment Toolkit a Go-To Resource By Blair Garcia and Shannon McLeod Parsons Brinckerhoff P orts currently move billions of dollars in goods and will require the capacity to handle trillions of dollars' worth of goods in the future. This requires costly investments to develop, expand, repair and/or upgrade infrastructure and equipment. As port revenues have trailed behind investment needs in recent years, ports have sought innovative methods to finance infrastructure investment by engaging with a new, larger cast of public and private partners. However, these partners require sophisticated market and financial analyses to justify projects, challenging ports to provide in-depth planning, feasibility and financial analysis for each new project under consideration for funding. In order to address these challenges, the U.S. Department of Transportation and the American Association of Port Authorities have brought together a team of experts from around the U.S. port industry to develop the Port Planning and Investment Toolkit. The toolkit will provide ports with a resource to guide the planning, funding and implementation of projects that require funding from public, private or a combination of both sources. It also will outline the steps and processes commonly used by planning professionals and financiers, which may be new to some port professional staff and commissioners. The toolkit will be designed to be useful for ports of all sizes and markets by helping them outline steps for success, articulate unspoken assumptions, clarify ambiguities and identify the important considerations that should be included in the project financing process. It is also intended to be useful for different departments within ports, from professional staff with specific "in the weeds" technical responsibilities to CEOs and other senior staff. By creating a common frame of reference for people with very different responsibilities and points of view, the toolkit will assist ports with internal coordination, communications, and dialogue in order to navigate the broader port facility planning processes. The Port Planning and Investment Toolkit will be organized into four sections: The first section will be a User's Guide detailing how port personnel can best utilize this toolkit to define, plan, finance and execute their projects, and the other three sections will be modules describing how to approach defining and establishing project planning, feasibility and funding. In addition to the four core sections, the toolkit also will include case studies, funding strategy tools, Toolkit checklist and a glossary of terms. The User's Guide will introduce potential users on "How To" navigate through the Toolkit to pinpoint the best areas to focus their attention to achieve a port's successful project or multiple projects funding strategy. The Planning Module is the starting point for the User to be able to identify factors that must be accomplished when planning a project. The purpose of this module is to define clearly the project(s), building a road map for successful financing. The Feasibility Module will describe how a port builds an investment grade project plan that takes into account all of the different project considerations. This module enhances the Project Planning Module, by building upon a clearly defined project causing the User to justify and validate the strengths and weaknesses of any given project. The Funding Module will guide the reader through a careful evaluation to determine the best approach for investment strategies that will get attention and garner support/approval. It offers a range of solutions designed to address a variety of needs, as well as an example analysis tool that can be used to evaluate the financial feasibility of a port terminal concession. The Funding Module was completed in October 2014 by The PFM Group and is accessible on AAPA's website. The remaining portions of the Port Planning and Investment Toolkit are currently under development by WSP | Parsons Brinckerhoff and will be available to the public in the Spring of 2016. An update on the completed toolkit will be provided during the AAPA Infrastructure Development and Financing Seminar in San Diego. The seminar will be held on March 9-10, 2016 at the Marriott Gas Lamp Quarter. ● Blair Garcia (garciab@pbworld.com) is the vice president and director of ports and marine U.S. at Parsons Brinckerhoff. Shannon McLeod is the senior port and intermodal planner at Parsons Brinckerhoff. PORT PLANNING AND INVESTMENT TOOLKIT To learn more and explore the Toolkit online, visit www.aapa-ports.org Look under Publications & Resources, where you will find the Port Planning and Investment Toolkit. WINTER 2015 * WWW.AAPASEAPORTS.COM 39 http://www.aapa-ports.org http://WWW.AAPASEAPORTS.COM

Table of Contents for the Digital Edition of Seaports Magazine - Winter 2015

AAPA Headquarters
From the President’s Desk
Expanding Capacity, Increasing Budgets
Navigating Cities, Counties and States
104th AAPA Annual Convention
Strategically Planning for Success
Stick to the Plan
AAPA XXIV Latin American Congress of Ports
Guarding Our Nation’s Ports Against Potential Threats
Keys to Success for Port Capital and Financial Planning
Port Game an Educational Tool – and Fun for All Ages
Port Planning and Investment Toolkit a Go-To Resource
Index of Advertisers

Seaports Magazine - Winter 2015

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