Flanagan P3 Consulting provides specialized technical P3 services to potential equity investors as well as the larger infrastructure investment community. The company brings investors first hand experience from the equity perspective on areas such as: Traffic and Revenue forecasting, Operational Cost forecasting, due diligence activities for both Traffic and Revenue and Operational workstreams, liaisons with contractors, legal review of technical risks within project contracts among other services. The company is led by an experienced P3 professional with more than 7 years experience with a leading global infrastructure developer and investor who worked in multiple roles including technical, commercial and business development. Previous PPP experience includes leading:» Technical activities for the Australasia region• Technical workstream lead on A$6 billion East West Link DBFOM availability project• Private sector representative in the development of national T&R best practices for Australia» Traffic and Revenue activities for the US market• Development of both greenfield and brownfield bidding opportunities such as the successful NTE 3A/3B (toll-risk DBFOM) and US-460 (DBF)• Formulated methodology for managed lanes pricing algorithms » Asset management of existing portfolio• Includes assets across all stages of development (implementation, construction and operational)• Management of annual budgets and long term valuations Please contact directly to discuss market trends and new opportunities.

• Directed forecasting for traffic and revenue and operations and maintenance expenditures for Cintra’s activities in Australia and Southeast Asia.• Led technical workstream of bid and BAFO for the $6 billion East West Link tunnel project including the operational phase expenditure forecasting, the interface between the construction company and the equity investors, and management of risks relating to the financing package.• Performed due diligence tasks for Australian brownfield toll road acquisitions including preparing valuation assumptions, leading consortium workshops, and presenting business case to internal and external executives.• Supervised advisors performing data collection, socioeconomic analysis, modeling process, cost benchmarking, and lender support.

• Managed four-person team of analysts on the development of demand projections for toll roads, managed lanes and parking projects.• Led the Traffic and Revenue component of $1.3 billion NTE3a3b managed lane project to reach commercial close including meeting with partners, government agencies, banks, the bond market, and credit rating agencies. • Managed existing asset portfolio for internal and external investors including monthly reports, revisions of budgets and forecasts, meetings with stakeholders, and assistance in refinancing.• Formulated innovative forecasting methodologies for multiple type of infrastructure assets resulting in three new dynamic and comprehensive forecasting models.

• Developed demand projections for toll roads, managed lanes, and parking projects. • Assisted in the commercial and financial close of the LBJ managed lane project ($2.7b) and the NTE Segments 1 and 2 managed lane project ($2.1b).• Monitored North American asset portfolio which included processing traffic data, monitoring socioeconomic conditions, writing monthly reports, developing data collections programs, and revising project projections.