PAMY J. S. ARORA

      Mr. Arora is Executive Vice President with The Cornell Group with more than 20 years of experience. Until recently and over nine years he was a Principal with Booz Allen & Hamilton Inc. - one of the world’s largest management consulting firms - and was responsible for their business in restructuring and privatization of ports and other transportation enterprises worldwide. He has successfully assisted in attracting investments to and completing several Build Own Operate (BOO) and Build Operate Transfer (BOT) deals for newly privatized ports and other transport enterprises.

      Mr. Arora is currently advising a consortium of major industrial conglomerates in Korea about determining the feasibility of a $2.3 billion greenfield port project, and making the project bankable. The economic and market feasibility report is complete, and Mr. Arora is being reatined as the financial advisor to assist with the next stage of the transaction.

      Mr. Arora is currently advising the governments of India, Guatemala and Georgia privatize the major ports in each country. The ports that will be privatized in India will include Bombay (Mumbai), JNPT container port, Madras (Chennai) and Ennore. The Guatemalan ports to be privatized are Puerto Quetzal and Satnto Tomas, and in Georgia the port of Poti on the Black Sea will be privatized. In several of these projects, Mr. Arora is first developing a strategic business plan for the ports, reviewing the legal and institutional structure, conducting the valuation analysis, developing the bid documents and possibly evaluating bids from foreign investors.

      Mr. Arora has recently advised a consortium of US, German and Russian investors define the value of and acquire the majority shares in a major port in Russia. Based on cash flow analysis, the market value of the port and its shares, the IRR and NPV of the transaction were developed. The next step will be the implementation of the transaction, and Mr. Arora will assist the consortium in negotiating for the acquisition of shares of the enterprise.

      Mr. Arora assisted the International Finance Corporation, part of the World Bank Group, and the Prime Minister of Haiti in developing a restructuring and privatization plan for the ports in Haiti, and defining the new institutional, regulatory and economic relationships between the government and the private sector. The goal is to award a management contract or concession for commercial functions to private operators and investors. At this stage he has identified potential investors and developed an information memorandum for the bidders.

      In an assignment funded by the World Bank, Mr. Arora was also the program manager for privatizing the eight public ports in Venezuela. In this study, he evaluated port operations, institutions and tariffs, identified infrastructural investments required, developed internationally competitive tariffs and operational standards for the ports, and developed a methodology to determine the financial and economic value of port concessions for privatization. The Venezuelan government is currently privatizing the ports using Mr. Arora’s recommendations.

      In a separate study for the International Finance Corporation and the Prime Minister of Haiti, he is assisted the government in developing a restructuring and modernizing plan for the country’s entire airports system, including the infrastructure and regulatory institutions.

      He is currently the principal advisor to the Board of Investment in Sri Lanka on determining the value of a $ 600 million privatization BOT (Build-Operate-Transfer) transaction for the port of Colombo. He is conducting the financial and economic evaluation of the deal and setting the "highest" price that the government can get from the transaction. He is directly involved in negotiating on behalf of the government with the bidders for the property, where he has negotiated the "sale price" of the concession to a value which is 45% higher than that offered by the bidders.

      Mr. Arora has also assisted the Colombian government privatize the country's four major ports. Starting from evaluating the business potential, operating improvements and investment requirements for the ports, Mr. Arora has developed the new tariff methodology, new Terms of Reference for the port concessions, bidder evaluating criteria, and finally evaluated the bids and selected the winners from among potential private operators. The government is in the process of handing over the ports to private operators as per his recommendations.

      Mr. Arora has assisted the Minister of the Russian GKI (State Property Committee) and the Mayor of St. Petersburg in restructuring the port of St. Petersburg, and preparing for the sale of the GKI-owned shares in the port to foreign investors. Major issues addressed were market valuation of port assets and as a running business, port modernization and project financing, sell-off of non-core and social activities, improving customer service, broadening market reach and raising private investment capital through sale of shares or leasing out of port service rights. He developed a plan for the sale of shares and the public bid documents, and introduced international port operators and investors to the port.

      He has completed an assignment with the Russian Privatization Center and Goskommimuschestvo to privatize the port of Murmansk. He has assisted in defining the legal and institutional responsibilities of the privatized port operators and the public Sea Port Authority, conducting economic viability of the privatized entities, and developing a business plan to attract investors for new port projects. Private US and European investors were introduced to the port.

      In a survey of the waterborne transport sector of Russia, Ukraine and Kazakhstan conducted for the European Bank for Reconstruction and Development by Mr. Arora, he was responsible for evaluating the institutional, organizational, operational and legal aspects of transitioning the entire waterborne sector to a free market economy, and subsequently privatizing it. He developed recommendations, investment requirements and an implementation schedule for improving operations, institutions and legislation to privatize the enterprises. The primary objective of this study was to identify near-term economically sound investment opportunities for the Bank and private foreign investors, that would promote economic reform in these countries.

      Again in Venezuela, Mr. Arora reviewed the maritime laws and institutions of the country, compared them to other trading partners, and recommended a plan to phase out the cargo reservation policies and implement free trade and competition for transportation of the country's imports and exports. Subsequently, he also developed a restructuring and privatization strategy and plan for the country's national shipping line.

      Mr. Arora assisted the Mexican government develop an overall strategy for privatizing their port system consisting of twenty-one public ports.

      For the formerly East German privatization agency Treuehandanstalt, Mr. Arora assisted in developing first a restructuring and subsequently a privatization plan for the country's largest maritime shipping company. This plan was successfully implemented.

      In Colombia, Mr. Arora advised the national airports authority on developing a new institutional structure and concession scheme to attract private investment for airport development.

      In addition, Mr. Arora has conducted several economic impact, business planning, logistics, management training and organizational improvement studies for clients in various modes of transportation such as:

  • Assisted Latin American companies successfully bid for privatized port terminals.

  • Assisted five large US, European and Scandinavian ocean shipping and Multimodal transportation companies with business strategy, new acquisition strategy, financial planning, profitability improvement, organizational restructuring and operations improvement.

  • Conducted a number of intermodal and road transportation strategy studies for US and European firms.

  • Developed business diversification, operations improvement and competitive market strategies for over 20 US ports.

      Prior to becoming a consultant with Booz Allen & Hamilton Inc. in 1986, Mr. Arora had worked for several years in senior management positions with US, UK and European container and bulk shipping lines, container port terminal operators, and intermodal transportation companies.

      Mr. Arora has an MBA degree in Finance and Operations Management from Cornell University, Ithaca, USA, and a BS degree in Marine Engineering and Transportation Economics from the Directorate of Marine Engineering Training (equivalent to a BS degree from Kings Point Merchant Marine Academy, New York). He knows English, German, and several Asian and Indian languages, and is currently learning Russian and Spanish.

  ROBERT GOETHE

      Mr. Goethe is a Director with The Cornell Group with more than 30 years of experience in the maritime industry, and currently manages the Firm’s port and transportation consulting business. He specializes in port privatization, finance, traffic forecasting, economic analysis of transport infrastructure investments, port pricing and strategy. He specializes in developing port privatization models, and defining the institutional, legal and regulatory framework required for regulating ports in a privatized environment. On several consulting assignments under the project management of Pamy Arora, Mr. Goethe has been responsible as senior economist, privatization expert and financial analyst for work with international port authorities and carriers. Profiles of recent consulting experience are presented next.

Privatization Expert and Financial Economist, Privatization, Commercialization and Corporatization of Four Major Ports in India, 1999.

Mr. Goethe is currently the Port Privatization and Commercialization Component Team Leader for the privatization and corporatization of the ports of Bombay, Madras, JNPT and Ennore. He is responsible for evaluating the privatization potential of the ports, developing various privatization alternatives, reviewing the legal framework for privatization, developing a new charter and organization structure for a Tariff (Port) Regulatory Authority, and making recommendations on what measures must be taken by the Government and the ports to enhance their "privatizability" and attractiveness to foreign investors. These measures will require the drafting of new legislation to facilitate private investor participation, transparency of transactions, defining a new Port Regulatory Authority, and improving operations and labor work rules to improve the attractiveness of ports to private investors.

Principal Port Privatization Expert,Restructuring and Privatization of the Port of Poti, Georgia, 1997-1998.

Mr. Goethe was the principal privatization expert for the USAID project to privatiuze the port of Poti. He was responsible for interacting with the port management and Ministry of Transport staff, discussing the pros and cons of port privatization with the labor unions, citizens of Poti and the Georgian Parliament, reviewing the current maritime and privatization legislation for ports in Georgia, developing the organizational, regulatory and institutional structure for a privatized port, the Sea Port Authority and the relationship to the Ministry of Transport. He was primarily responsible for developing the privatization alternatives, defining alternative port regulatory institutions and responsibilities, and drafting the initial legislation for managing a privatized port environment. Mr. Goethe has developed a strong level of confidence and rapport with the Ministry of Transport, Port labor unions and the port management at the port of Poti. He was also the principal narrator of a video of a walking tour of the port, in which he showed the deteriorating condition of the port and the need for private capital. This video was subsequently used for a public education program supporting port privatization, and it targeted both at the citizens and the key government officials.

Principal Financial Analyst and Economist, Feasibility of Acquisition of and Investment in the Port of St. Petersburg, Russia. 1997

Mr. Goethe has been advising a consortium of US, German and Russian investors on the economic and financial feasibility of acquiring and operating the Port of St. Petersburg, the largest port in Russia. He worked on developing a ten-year cargo and vessel traffic projections, evaluating the competitive pricing structure, infrastructure and equipment investment requirements, labor and operating expenses, and management reorganization at the port. Core client staff assigned to the project are receiving "on the job" training on the project evaluation model. The final product of this project will include the cargo forecasts for 10 years for four investment scenarios, the NPV, IRR, investment plan and pricing of shares of the port.

 

Port Privatization Expert, Financial and Economic Feasibility of Port Privatization, Colombo, Sri Lanka. 1996.

Mr. Goethe was the Port Privatization Expert on a project for evaluating the economic and financial feasibility of privatizing and developing additional container, general cargo and passenger facilities at a State-owned port. He advised the project team on developing 20-year cargo and traffic forecasts for the country and other competitor ports in the region, evaluating the financial and investment offer from the bidders, and on negotiating with the potential investors. He assisted in developing the economic and financial rates of return for the $200 million port infrastructure investment projects, and calculated IRR, NPV and economic rates of return. Key client staff have received "hands on" training on the economic and financial models and on evaluating similar projects in other privatization projects. A manual has been developed for evaluating projects and using the models.

 

Port Privatization and Economic Development Expert, Privatization and Business Planning of the Port of Murmansk, Russia. 1994.

For a period of eight months, Mr. Goethe was the port privatization and operations expert for the privatization project of the port of Murmansk, Russia. In this effort, he provided financial analysis and operations expertise to all phases of the project including the completion of a comprehensive business plan, a restructuring strategy and a privatization plan for the port. In particular, he developed 10-year cargo projections for each commodity handled at the port, and projected vessel traffic by size and type of vessel. He also developed an organization realignment plan, evaluated tariffs and pricing and wrote contracts for the breakup of the existing organization into a new privatized entity. In addition he assisted developing the new institutional and operational policies and structure for the regulatory and business relationships between the State and the privatized ports. These policies were formulated into the new port laws of the country. The port staff and Russian consultants received "on the job" experience in economic and financial valuation of the port projects and on developing business plans.

Port Investment and Operations Expert, Privatization and Investment Planning of the Port of St. Petersburg, Russia. 1995.

Mr. Goethe worked for nine months on a USAID funded project to restructure and attract investors to the port of St. Petersburg, Russia. He was responsible for evaluating the cargo terminal operations, projecting cargo and vessel traffic, developing competitive tariffs, pricing strategies, productivity as well as infrastructure and equipment investment needs. He also assisted in developing a business and economic development plan, management and labor restructuring plan, and was responsible for introducing foreign port operators and investors to the port. The port staff, Russian consultants and other government officials received "on the job" experience while working on the project in economic and financial valuation of the port projects and on developing business plans. Several policy and "white papers" were prepared on competitive analysis, port pricing, asset valuation, labor analysis, share valuation and developing bid and lease agreements. Results included the project IRR, NPV and economic impact of port development.

Port Economics and Finance Expert, Economic Evaluation of New Container and Cruise Terminal, Guatemala. 1995.

Mr. Goethe conducted economic feasibility for loan application to Central American Development Bank to finance new $50 million container and cruise terminal. He conducted operations and capital investment analysis, resulting in a business plan and economic impact evaluation which provided project NPV and IRR. The economic and financial model included a traffic forecast for 30 years for containerized cargo and cruiseship traffic.

Port Economist, Economic Feasibility of Port Privatization, Haiti. 1995.

On a study funded by the International Finance Corporation, Mr. Goethe was the pricipal economist advisor for developing a privatization plan for eight ports in Haiti. For each of the ports, he developed 10-year cargo forecasts, investment requirements, and developed a financial and economic model to project the cash flow and determine the IRR, NPV and economic and job impact.

Port Organization Expert, Organization Realignment of the Port of Los Angeles, USA. 1995.

Mr. Goethe was the port reorganization expert on a project to realign and reorganize the largest general cargo and container port in the US, and among the top ten ports in the world. He reviewed the functional and business responsibilities of the entire port and developed new strategy for port management, investment planning and operations.

Lead Economist & Evaluation Expert, Evaluation of Assets of Puerto Rican Maritime Steamship Line for Government Development Bank of Puerto Rico. 1994.

For the Government Development Bank of Puerto Rico (GDB), Mr. Goethe was lead investigator in the financial valuation of their national maritime carrier. He determined valuation of assets of the national carrier during the privatization and sale of the Line to private interests. The completion of this assignment resulted in a benchmark financial valuation of the carrier which was used as a guide in the government’s efforts to sell the carrier to investor consortiums.

Port Expert, Transportation Plan for Federal Transportation Funding, State of Mississippi. 1994.

Mr. Goethe performed the port portion of the State Transportation plan which related to evaluating the needs of the waterborne transportation network of the state and recommend changes in physical facilities and inland infrastructure.

      Prior to joining the Cornell Group, Mr. Goethe was an employee of Booz Allen & Hamilton Inc. Earlier, he was Assistant Executive Director for the Georgia Ports Authority for nearly 12 years. In this position, his responsibilities included but were not limited to: business planning, project financial and economic evaluation, executive management; profit and loss strategies; contract negotiations; busines & product development; and services pricing. As a senior executive of the port, Mr. Goethe regularly dealt with clients concerning negotiations, port development & expansion and customer service.

      In addition, Mr. Goethe held the positions of Director of Finance and Director of Operations at the Georgia Ports Authority. In these capacities, he was responsible for all matters relating to finance, accounting, pricing, operations and maintenance. Mr. Goethe has expertise in all matters concerning the above as well as system applications concerning accounting and operations improvement. Mr. Goethe is also considered an expert in funding methods for port expansion projects with direct experience in voucher systems, general obligation bonds, revenue bonds, direct borrowings, mortgaged properties, and state obligation funding among others.

Education: University of South Carolina, Charleston, SC., ABA Accounting & Finance.

Other Training: Port Finance. Economic Impact. Port Operations. IBM Computer schools.

Membership of Professional Societies: American Association of Port Authorities (Chairman Finance and Member Operations Committee), South Atlantic and Caribbean Ports Association (President), Tri-Party Terminal Association (President) - Federal Maritime Commission, Formerly National Association of Accountants (President SC).

 

DAGFINN MOE

      Mr. Moe is a Senior Associate with The Cornell Group. He has over 27 years experience both as a port management consultant and a senior transportation and maritime executive in European and US corporations. He specializes in privatization, restructuring, strategic planning, business development, market research, cargo forecasting and valuation of port and transportation companies. Mr. Moe was Pamy Arora’s Deputy Project Manager in several port projects in Russia, including St. Petersburg and Murmansk. Some relevant projects that Mr. Moe is either currently working on or has conducted recently are outlined below.

      Mr. Moe is currently the principal manager for a USAID program in Bosnia and Herzegovina, implementing a major program of business development and restructuring of Bosnian companies. He is assisting companies develop strategies for growth, develop business plans, restructure and access capital for expansion.

      For the Seaport of Baku in Azerbaijan, he has recently completed a 20-year cargo and passenger forecast of ferry service to Turkmenbashi. This included analyzing the flow of traffic through Georgia and the other Caucasus countries. On this project he has defined an investment plan to upgrade the port facilities, and determined the financial feasibility of new investments. The project was funded by the European Union.

      Mr. Moe has completed the first phase of valuation of the port of St. Petersburg, in preparation for acquisition by a consortium of institutional investors. He conducted a market and competitive analysis of the port’s core and support business, developed the market profile, and projected future business volume at the port. He also determined the investment required and business value of each of the service entities supporting the core business at the port. In Phase II he is assisting with development of a business and implementation plan.

      During the earlier privatization and restructuring of the port of St. Petersburg, Russia, Mr. Moe was responsible for developing the cargo forecast for all the cargo areas, and developing the business and marketing plan for all the business entities at the port. He has also determined the market value as well as the asset value of each of the service entities at the port, and defined a strategy for divesting or restructuring the service businesses and social entities.

      At the port of Murmansk, Mr. Moe assisted in developing a privatization and restructuring plan for the port, defining the institutional and regulatory role of a newly created port authority, and conducting the competitive market analysis. He was responsible for developing a business plan and cargo forecast for the port and identifying potential areas for attracting foreign investment. He assisted in conducting a valuation of the principal cargo areas and service businesses at the port.

      Mr. Moe has recently assisted a Norwegian trucking company operating between Russia and Scandinavia, develop business expansion plans and a strategy for investment and growth.

      Prior to joining The Cornell Group, Mr. Moe worked most recently in Booz Allen & Hamilton within Pamy Arora’s international transportation consulting practice. He was a Project Manager and worked on valuing ports and developing business and market plans and strategies.

      Earlier, Mr. Moe was Manager of the Planning and Analysis in a major Norwegian shipping and transportation company, the Wilhelm Wilhelmsen Group, where he was responsible for developing and coordinating the strategic planning system and process for the entire firm. As Director of the Liner Division and Freight Forwarding Agency, he restructured his group into the most profitable one in the company.

      In the early 1980’s, Mr. Moe was with Booz Allen & Hamilton for a period of time before going to work for Norwegian transportation companies. At that time in Booz Allen he had worked on a number of port and transportation projects in their Transportation Consulting Practice.

      Mr. Moe has an MBA degree in International Business and Marketing from New York University and a BS degree in Business Administration from the same college. He is fluent in English, Norwegian, Swedish, and German, and is currently learning Russian.



CLAUDIO FCO. RODRIGUEZ CARRILLO

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      As an Associate of The Cornell Group, Mr. Rodríguez has conducted, two major economic studies of Puerto Quetzal in Guatemala. The first study was performed in 1994-1995. Whereas, the second study, started in 1998 and finished in February 1999.

      Both studies were comprehensive, detailed evaluations of Puerto Quetzal's economic position, present and future. More specifically, as an example, some of the topics covered by Mr. Rodríguez in his 1998 study are:

      Import and export projections of various commodities - including general cargo, containers, roll on/roll off, solid bulk, liquid bulk cargos and cruise ship traffic - including origin and destination studies.Capacity of the existing port to handle the projected future cargos and studies of required port expansion, with estimates of apportionment of cargos between the old and new ports.

      Studies of intermodal shipments of cargo in Guatemala, considering future improvements to the existing highway and railroad systems.  Analysis of Port Tariffs - including comparisons with competing ports, plus comparisons with intermodal transport across Guatemala, Vs. transport via The Panama Canal.

      Mr. Rodríguez, has worked as consulting in development projects In Guatemala, El Salvador and Honduras, contracted by organization international such as OAS (Organization of American States), IICA (International Institute of Agricultural Cooperation) and UICN (World Union for the Conservation for the Nature), and BID.

      Mr. Rodríguez, was a teacher for educational of the Studies School of Post degree of the Economic Sciences Faculty of the University of San Carlos of Guatemala.

      Mr. Rodríguez has an MBA degree in agriculture economy from San Carlos de Guatemala University, Guatemala, and a BS degree in economy.

 

ALVIN A. COOK, JR

      Dr. Cook has over 30 years experience in domestic and international financial and economic analysis and privatization in the transportation, energy and other sectors. This experience has involved project development, financial analysis, development of financing, and business planning in emerging market countries for infrastructure projects and private business ventures as well as financial and economic analyses of domestic issues. It also has involved the development of government policy in the areas of taxation, revenue enhancement, cost reduction, macroeconomics, energy and the environment. Moreover, Dr. Cook has assessed the incumbent public and private risks, costs, and benefits. He has worked in several sectors with a particular emphasis on the transportation, energy, environment, and business development sectors. He has excellent skills with computers including system design and programming. He has developed and conducted surveys to support the analysis of specific issues.

      Dr. Cook is currently completing a project with the Interamerican Development Bank that analyzes the feasibility of modernizing the satellite based meteorological systems of thirteen (13) countries of Latin America. Key components of the refurbishment are the communications equipment and telecommunications systems. Dr. Cook has conducted economic and financial analyses for public and private clients. He has provided feasibility analyses and studies for new projects and for major rehabilitation of infrastructure projects. He has provided training in the organization and structure of financial planning for project development. Relevant Projects include:

  • Assessment of projects at the Port of Constantza and Danube-Black Sea Canal, Romania. Dr. Cook provided an initial financial and economic overview assessment of port projects in Romania to identify those which had a higher probability of being financed and completed.

  • Assessment of projects at the Port of Burgas, Bulgaria. Dr. Cook provided an initial financial and economic overview assessment of the development of terminals at the port of Burgas in Bulgaria to identify those projects which had a higher probability of being financed and completed.

  • Assessment of projects at the Ports of Izmir, Iskenderun, Mersin, and Terkirdag, Turkey. Dr. Cook provided an initial financial and economic overview assessment of projects at these ports in Turkey to identify those which had a higher probability of being financed and completed. A particular emphasis was placed on needed increases in capacity and the privatization of the individual port operations.

  • Evaluating projects in the Black Sea Region. Dr. Cook was part of a project team evaluating projects in countries surrounding the Black and Caspian Seas in the areas of power, oil and gas, transportation, and mining and minerals. He led a mission to Turkey, Bulgaria, Romania, southern Russia, and Armenia to assess possible projects.

  • Analyzing the Effect of Privatization in Bulgaria. Dr. Cook provided an analysis of industry changes by sector and the effect of privatization and investment on industry sector growth and changes in the demand for electricity. He developed and managed a survey of the major industrial firms obtaining information on past and current investment and economic activity and plans for future investment and economic growth.

  • Privatization of the Power Sector in Ecuador. Dr. Cook assisted in the privatization and restructuring process for the power sector in Ecuador, including the development of a financial overview of the efficient operation of a privatized power sector.

  • Privatization and Capitalization of State Owned Companies in Bolivia. Dr. Cook led a mission to Bolivia to evaluate the capitalization program for privatizing ENTEL, the state owned telecommunications company, ENDE, the state owned electricity company, and YPFB, the state owned oil and gas company. He assessed the overall structure of the companies and the prospects for obtaining funds for investment in the companies by foreign entities.

  • Privatization of Microchip Production in Armenia. Dr. Cook provided an assessment of the financial feasibility of privatizing the existing company and establishing a new plant to produce semiconductor microchips.

  • Assistance in arranging Training in the Telecommunications Industry.  Dr. Cook introduced Palestinian engineers and managers seeking to strengthen their skills in the management and financial areas to U.S. telecommunications officials, U.S. government officials, multinational financial institutions, and arranged training in AT&T and MCI facilities.

  • Assistance to Private Sector Telecom Executives from India. Dr. Cook assisted in facilitating and directing an orientation visit by India telecom executives to visit U.S. equipment manufacturers and U.S. telecom officials throughout the U.S.

  • Assistance to Regional Telecom Officials in South Africa. Dr. Cook assisted in the facilitation and management of a conference in South Africa on the establishment of emergency telecommunication services throughout the country. The conference included representatives from U.S. business and officials from every political region in South Africa.

  • Investment Program for Refurbishing Hydroelectric Plants in Russia. Dr. Cook participated in assessing the investment needs for refurbishing and repowering hydroelectric plants in western Russia and in organizing the costs of the projects into an investment schedule incorporating the cost of financing and the sales of electricity from the plants, for the Agency for International Development.

  • Development of a Manufacturing Facility in the Kyrgyz Republic. Dr. Cook conducted the first phase of the assessment of the feasibility of developing manufacturing facilities for bottle and can production in the Kyrgyz Republic. He developed a plan for seeking equity participants and identifying alternative sources of financing.

  • Financial and Economic Analysis of Modernizing Security at Airports and Border Crossings in Jordan. Dr. Cook is performing the financial and economic analysis in a feasibility study of the modernisation of security at Jordan’s three international airports (Queen Alia, Amman-Marka, and Aqaba) and two border crossings (King Hussein and Jaber).

  • Economic and Financial Plan for a New Airport in Taiwan. Dr. Cook reviewed the economic analysis of a new airport in Taiwan and directed the development of a financial plan for the construction and operation of this airport.

  • Financial Analysis Assistance in Identifying Aviation Projects in the Middle East and Sub-Saharan Africa. Dr. Cook was part of a project team evaluating potential aviation projects in countries of the Middle East and Sub-Saharan Africa. He provided economic and financial analytic support to evaluating potential projects in those countries.

  • Seminar on Project Financial Analysis and Infrastructure Financing. Dr. Cook assisted in structuring and participated in a seminar for the African Development Bank on project financial analysis, international capital markets, infrastructure financing, and project financial risk management, with a particular emphasis on power sector, water sector, telecommunications, and transportation financing. A USAID sponsored project.

  • Seminar on Economic Forecasting for Financial Analysis. Dr. Cook prepared and delivered a session on "Economic and Demographic Forecasting for Financial Analysis" at the Indonesian Infrastructure Financial Seminar (Airports, Seaports, Railways, Power Generation) in Jakarta, Indonesia.

  • Development of a Financial Recovery Plan for American Samoa. Dr. Cook participated in a mission to American Samoa. He assessed the historical and current financial problems faced by the American Samoan Government and proposed both immediate and intermediate term approaches to becoming economically and financially healthy. Of particular interest were the port and the tuna industry located at the port.

  • Financial and Economic Assessment of the Turkish Aviation Sector. Dr. Cook reviewed the status of Turkish aviation development, including the financing needs for the refurbishment of old airports and the development of new airports in various regions of the country.

  • Financing Development for Airports in Poland. Dr. Cook assisted in the analysis of financing requirements for the purchase of air traffic control systems and the upgrading of several airports in Poland.

  • Development of a Cargo Facility Project in Paraguay. Dr. Cook led a mission to Paraguay to assess the financial viability of air transportation services in Paraguay. He defined and structured the project requirements to develop a successful air cargo entity with facilities at the airports in Ciudad del Este and Asuncion.

  • Assessment of Investment Alternatives for Airport Modifications and Improvements in Poland. Dr. Cook managed the development of financial model and an Investment Plan for the General Inspectorate of Civil Aviation (GILC) in Poland to accommodate desired changes to the Airport and Airspace Systems in response to expected changes in demand over the next fifteen years.

  • Evaluation of the Financial Analysis of a Water Sector Project in Senegal. Dr. Cook evaluated the financial and economic analysis of a water sector project. This project had alternative technologies available for the delivery of potable to a major portion of the population of Senegal. The evaluation assessed the underlying financial and economic rationale for choosing a specific delivery system.

  • Financial and Economic Assessment of Housing Development in Gabon. Dr. Cook assisted in the analysis and review of the financing requirements of proposed housing development projects in Gabon.

  • Financial Plan for Weather Services in Latin America. Dr. Cook recently developed financing plans for rehabilitating and expanding the satellite systems for collecting meteorological data and providing weather services in thirteen (13) countries in the Latin and South American region.

  • Assistance to the Binational Commission on the Rio Bermejo Region in Argentina and Bolivia. Dr. Cook assisted in the facilitation and management of an orientation visit by Argentine and Bolivian officials to observe U.S. hydroelectric and irrigation plants and technology in use and to provide a business briefing on hydroelectric dam construction opportunities on the Rio Bermejo and the Rio Tarija in Argentina and Bolivia.

  • Assistance to Private Sector IT Executives from Putrajaya, Malaysia. Dr. Cook assisted in the facilitation and management of an orientation visit by Malaysian information technology executives to observe U.S. technology in use and to visit U.S. equipment manufacturers.

  • Manufacturing and Infrastructure Planning. Dr. Cook prepared an initial analysis of the impact of developing a new manufacturing subsector in Taiwan on its economy. This required the delineation of the infrastructure development necessary to support a viable industrial product.

  • Cost-Benefit Analysis of Introducing Electric Vehicles into Thailand. Dr. Cook performed an economic and financial analysis of substituting electric tuk-tuks for the currently used gasoline and LPG tuk-tuks in Thailand delineating the requirements of the private sector and the public sector for the Agency for International Development and the Thailand Ministry of Transportation and the Environment.

  • Development of a Railroad Transportation Project in Uruguay. Dr. Cook led a mission to Uruguay to assess the financial viability of expanding service railway lines in Uruguay. He defined the project requirements to expand three lines with associated terminals in western Uruguay.

  • Assistance to the Chilean National Commission on Energy. Dr. Cook provided assistance in understanding the overall structure and process of regulating the transmission and distribution of natural gas and electricity by arranging and participating in sessions with U.S. regulators and industry.

  • Assistance to Officials from WasteWater Organizations in Mexican Communities. Dr. Cook assisted in arranging a symposium and meetings for Mexican officials with multilateral financial institutions and United States BOOT contractors in the wastewater industry.

  • Airport Analysis in Qatar. Dr, Cook assisted in defining the analyses necessary to improve and finance the Doha airport and the supporting infrastructure.

  • Analysis of a Regional Air Traffic Communications Capability in the Mideast. Dr. Cook participated in the assessment of the economic and financial issues involved in establishing a regional air traffic communications network for the Israel, Egypt, and Jordan Region.

  • Assessment of the Aviation Sector in the United Arab Emirates. Dr. Cook led a mission to assess the current status of the air navigation and communications systems at the airports in Abu Dhabi, Dubai, Sharjah, and Fujairah with an indication of the financial requirements of upgrading in the future.

  • Assessment of the Aviation Sector in Bahrain. Dr. Cook led a mission to assess the current status of the air navigation and communications systems at the main airport in Manama, with a particular emphasis on the applicability of DGPS to the Bahrain airspace and with an indication of the financial requirements for upgrading in the future to DGPS.

  • Assessment of the Aviation Sector in Kuwait. Dr. Cook led a mission to assess the current status of the air traffic control systems and air communications systems at the international airport in Kuwait City with an indication of the financial requirements for upgrading in the future.

  • Financial Assessment of a Cogeneration Plant in Thailand. Dr. Cook assessed the financial viability of the first cogeneration plant in Thailand to be privately financed. He incorporated into the analysis the market for steam and electricity, the costs of building a plant using clean coal technology, the environmental constraints in the region, the costs of alternative types of coal, and the potential sources of private investment funds for the Agency for International Development.

  • Assistance to the Electric Utility Sector in the Dominican Republic. Dr. Cook provided assistance in the analysis of the necessary refurbishments to the Electric Utility sector and in writing the tender documents for conducting the refurbishments for the Agency for International Development.

  • Financial Feasibility Study of the Polish Air Traffic and Airport System. Dr. Cook developed a complete financial feasibility analysis of the Polish airport and air traffic system for the General Inspectorate of Civil Aviation (GILC) in the Polish Ministry of Transportation and Maritime Economy.

  • Demand Side Management Alternatives in Bulgaria. Dr. Cook developed demand forecasts of electricity and the recommendation of cost-effective conservation and energy efficiency measures for reducing the consumption of electricity in industrial plants for the National Electric Company in Bulgaria, under an assistance contract from the Agency for International Development.

  • Financial Assessment of a Parking Garage Project at Warsaw Okecie Airport. Dr. Cook performed an assessment of the project financial issues of the Warsaw Airport Car Park. He developed the costs and benefits to the Polish Airports Authority and to private financial interests for alternative financing arrangements.

  • Forecasts of Aviation Activity Leading to Airport Investment in Hungary. Dr. Cook developed traffic and financial forecasts to 2005 for domestic and international aviation activity throughout Hungary, with a particular emphasis on Ferihegy Budapest Airport for the Hungarian Ministry of Transportation and the Environment.

  • Training Seminar on Financial Forecasting and Planning. Dr. Cook, at the request of the Polish government, conducted a course on forecasting and incorporating forecasts into the planning process with a particular emphasis on Polish Aviation. The seminar covered forecasting issues associated with data collection and validation, specification of forecasting methodologies, the development of scenarios, the interpretation of results, and the use of the forecasts in strategic, operational, marketing, and contingency planning.

  • Forecasts of Aviation Activity at the Major Airports in Poland. Dr. Cook developed economic forecasts to the year 2005 for the demand for passengers, cargo traffic, and aircraft operations at the Polish International and Regional Airports for GILC. These forecasts were used in the resulting financial forecasting system for the Polish aviation system.

  • Air Traffic Control Pay System Costs. Dr. Cook developed forecasts of the costs of a proposed pay system for air traffic controllers. He analyzed the financial impact on the changes on the controllers and the aviation facilities.

  • Aviation Training Information and Evaluation System. Dr. Cook provided the financial analysis of a design of a system for monitoring training requirements and actual training performed as well as the ability of the training to meet the objectives stated by the Federal Aviation Administration.

Education:

Ph.D. Economics, University of Washington, Seattle, Washington, 1968

Fields: Econometrics, International Trade, Economic Development, and Labor, Financial and Business Analysis.

M.A. Economics, University of Washington, Seattle, Washington, 1966

A.B. (Classical) Mathematics, Seattle University, Seattle, Washington, 1961

Languages:

English (native language); working knowledge of Spanish; reading knowledge of French and German.
4017 WILLIAMSBURG COURT
FAIRFAX, VA 22032.  USA.
PHONE: (703) 877-2080. FAX: (703) 877-2081
Email: cornell@thecornellgroup.com