Banco Popular de Puerto Rico

Gavin Murphy is editor in chief at the Bond Buyer newspaper based in New York City. There he works with a team of journalists who cover the municipal bond market and trends in public finance. Murphy is a graduate of Georgia Southern University with a Master of Business Administration (MBA). He is a graduate of the State University of New York at Albany with a B.A. in Rhetoric & Communication and a second field in Journalism.

Mario Espinoza is the Deputy Executive Director of the Central Texas Regional Mobility Authority. He has oversight responsibilities of the engineering, operations, communications, community development and human resources divisions. Prior to his work with the Mobility Authority, he was a Manager in the External Affairs division of the Lower Colorado River Authority. He has also worked for the City of Austin for more than 11 years serving in various government relations positions as the City’s Deputy Governmental Relations Officer, and Vice President of Government Relations for Austin Energy, Austin’s community-owned electric utility. He earned his MBA and Master of Public Affairs from The University of Texas at Austin and a BBA in Finance from Texas State University in San Marcos. He currently serves as Chair of the City of Austin’s Water and Wastewater Commission. He has served on numerous community boards. Mario is also a lecturer in Texas State University’s Certified Public Management Academy.

Mr. Ugarte has over 23 years of multinational experience in Project Finance, Business Development, Finance and Management. Since May 2006, Mr. Ugarte has been Cintra´s Director of Business Development for North America. Mr. Ugarte is responsible for the coordination of all internal and external resources effectively preparing and submitting bids for Cintra in this region. Some of the most notable bids led by Mr. Ugarte are North Tarrant Express (Fort Worth), I-635 LBJ (Dallas) and SH-121 Dallas (Dallas). From 1998 to March 2006, Mr. Ugarte was the CFO for Cintra Chile. Cintra Chile is currently the biggest infrastructure concessions holding in the country with investments over USD 1.5 billion and more than 800 miles of toll roads under concession. Mr. Ugarte was instrumental in the structuring of the initial project finance of Cintra´s concession in Chile which he successfully managed. During his tenure as CFO, Mr. Ugarte also designed, led and implemented the start-up of the Operational Holding Structure and the final business model used by Cintra Chile to operate and manage its consolidated concession investments. In addition, Mr. Ugarte has directed complex project financing transactions, some of which are cornerstone solutions for the Project Finance Industry worldwide. Among these is the Autopista del Maipo Project Finance (USD 421 million, UF 6 million and a Cross Currency Swap for USD 700 million) which has received two international awards (2004 Latin American Refinancing Deal from Project Finance Magazine and 2004 Best Project Finance Deal from Latin Finance Magazine). From 1994 to 1998, Mr. Ugarte was the CFO at Soquimich Nitratos S.A., a world leader of specialty chemicals and fertilizers where he managed more than 30 global subsidiaries and more than 200 people. From 1992 to 1994, Mr. Ugarte worked at Credit Lyonnais Securities New York as Vice President of Corporate Finance where he managed the structuring of debt (144A bonds) and equity transactions (ADRs) for Latin American corporations. From 1986 to 1989, Mr. Ugarte worked for the Chilean Ministry of Finance as a key member of the team responsible for leading economic reforms that later became the platform for the nation’s current economic success. One of Mr. Ugarte’s major accomplishments was as leader of the team that established Chile’s first PPP laws. As a result, today Chile’s Public Private Partnerships account for more than USD 20 billion, with most airports, ports and more than 50% of the main highway system of the country under PPP contracts. Mr. Ugarte holds a degree in Economics and Business from Universidad de Chile and a Masters in Business Administration majoring in International Business, as well as a Masters of Science and Business Administration majoring in Finance, both from the University of Southern California, Los Angeles.

Mark Foster is the Chief Financial Officer for the North Carolina Department of Transportation. He oversees the development and execution of the department�s fiscal operations and statewide transportation planning. With more than 25 years of experience, Mark has directed finance, accounting, human resources and business services administration for several Fortune 500 companies and currently serves on several State and private boards and advisory committees.Mark holds a BBA from the University of Notre Dame and an MBA from the University of North Carolina at Chapel Hill. He is also a Certified Public Accountant.

Earl Mahfuz is currently Director of Georgia Department of Transportation’s (GDOT’s) P3 Program. He has been in the Transportation field for 30 years. Prior to directing Georgia’s P3 efforts, he served as GDOT’s Treasurer for over eight years.Mr. Mahfuz attended University of Miami and received his undergraduate degree from Florida International University and a Master’s in Public Administration from Georgia State University. During his career, Earl had received numerous academic & professional awards and recognitions.

Dennis J. Enright has over 30 years experience in the structuring, marketing, sales and trading of New Jersey Municipal Bonds. NW Capital has underwritten New Jersey Bonds for 25 years and is the leading regional municipal investment bank in New Jersey. Mr. Enright has served as the financial architect for over $20 billion in municipal financings and earned 4 “Deal of the Year” awards for his clients. Mr Enright is also a leading expert on public private partnerships and transportation finance and has testified before the US Congress on these matters.

Gregg has delivered tax opinions as bond counsel or special tax counsel in connection with financings for states, cities, counties, school districts and other political subdivisions. He has participated in all facets of the tax analysis associated with the issuance of qualified 501(c)(3) bonds, qualified hospital bonds, qualified student loan bonds and qualified small issue bonds. Gregg also has extensive experience in IRS audits of tax-exempt bonds, representing issuers and other interested parties.Gregg haw been recognized as one of the Best Lawyers in America, Public Finance and Tax; named a Texas Super Lawyer in Tax by Texas Monthly and as a Fellow with the American College of Bond Counsel.He is affiliated with the Bond Attorneys' Workshop (Steering Committee), the State Bar of Texas - Taxation Section (Tax-Exempt Bond Committee, Former Chair), the American Bar Association - Taxation Section (Tax-Exempt Finance Committee) and the National Association of Bond Lawyers, Tax and Securities Seminar (Former Faculty Member).Gregg is a graduate of Duke University with an JD from the University of Michigan Law School.

Ms Norma Ortega is the Interim Chief Financial Officer (CFO) for the California Department of Transportation with a budget exceeding $12 billion and staffing of over 22,000 employees. The CFO is responsible for the Department’s financial management and policy as well as federal and state programming of transportation projects. Ms. Ortega has been with the Department over twenty –five years and has served on a number of fiscal management positions including direct management of the Department’s budget. She represents the Department on federal, state and local funding and financing issues before the State’s transportation fund allocation organization, the California Transportation Commission and the California State Legislature. Other assignments include serving as a fiscal advisor during the development of Governor Schwarzenegger’s Strategic Growth Plan, which lead to a $19.94 billion transportation bond proposal. She also served on the California Performance Review Performance Budgeting and Review Enhancement team.

Anne Rabin joined JPA in 2008, bringing over 25 years of experience in executing infrastructure transactions with a particular focus in transportation in North and South America. At JPA, Ms. Rabin’s is drawing on her financial market expertise to lead project advisory teams in the execution of complex public and private transactions. She led the transaction advisory work for the I-595 toll road project which closed in March of this year and has similar responsibilities for the Port of Miami Project scheduled to close at the end of this month. She is also JPA’s lead on the advising the Port Authority of New York and New Jersey for the procurement of the Staten Island Bridges.Recently, Anne was involved with study conducted by Jeffrey Parker & Associates for APTA surveying transit agencies, large and small, across the country on the impact of the financial crisis to their operations and capital plans.