Table : Illustrative metrics to monitor the delivery chain for PPP Initiatives in support of job creation: 2010-2013 MDA Task/ Function Some Illustrative Metrics Timing of activities Prepare PPP Policy Cabinet Approval December, 2010 MOFEP Prepare PPP Law Legislation passed by Parliament On Institutional Establishment of core team in MOFEP June, 2011 Arrangements in place and formalization of a January, 2011 I. Policy, Laws Departmental (MDA) PPP Committee – and Institutional approved by Minister of Finance/Cabinet January 2011 Arrangements respectively December 2011 (PLIA) Selection of Prospective Three First-Mover PPP initiatives PPP projects approved by Minister of Finance in Establish Regulations consultation with relevant Line Ministry Approved per authorizing power set out in the Law MDA Establishment of Full Team composition finalized with MDA March 2011 (Agriculture, time PPP Project Delivery Ministerial approval Transport\GPHA, Teams in each Investment Appraisal and VfM Energy) Sponsoring MDA Assessments completed July 2011 Preparation of Upstream With Support Assessment Work of First September 2011 from MOFEP Mover PPPs Expression of Interest (EOI) Issued January 2012 Preparation of RFP Issued On Transaction Advisory Request for Proposals January 2013 I. Investment (RFP) Roadshows completed, Project June 2013 Appraisal and Recruitment of Structuring documents prepared Value for Money Transaction Advisors (IA & VfM) Market Placement Sponsor Selected And II. Project Commercial Close Structuring and Commercial Close (PS & CC) Viability Gap Facility VGF Implementation Arrangements June 2011 MOFEP and Central Bank (VGF) Arrangements approved by Cabinet; established VGF mechanism and allocation July 2011 on Financial Viability Gap 3-year announced in Budget Call Letter Products and envelope established Guarantee Policy Approved by Cabinet Arrangements for and PPP Financing Facility Structured December 2011 Financial Close Contingent Liability Management July 2012 (FC) Guarantee Policy and risk System operational mitigation enhancements established System in place to assess and monitor contingent liabilities
Table : Illustrative metrics to monitor the delivery chain for PPP Initiatives in support of job creation: 2010-2013 MDA Task/ Function Some Illustrative Metrics Timing of activities MOFEP On I. Policy, Laws and Institutional Arrangements (PLIA) Prepare PPP Policy Prepare PPP Law Institutional Arrangements in place Selection of Prospective PPP projects Establish Regulations Cabinet Approval Legislation passed by Parliament Establishment of core team in MOFEP and formalization of a (MDA) PPP Committee – approved by Minister of Finance/Cabinet respectively Three First-Mover PPP initiatives approved by Minister of Finance in consultation with relevant Line Ministry Approved per authorizing power set out in the Law December, 2010 June, 2011 January, 2011 January 2011 December 2011 MDA (Agriculture, Transport\GPHA, Energy) With Support from MOFEP On I. Investment Appraisal and Value for Money (IA & VfM) And II. Project Structuring and Commercial Close (PS & CC) Establishment of Full time PPP Project Delivery Teams in each Sponsoring MDA Preparation of Upstream Assessment Work of First Mover PPPs Preparation of Transaction Advisory Request for Proposals (RFP) Recruitment of Transaction Advisors Market Placement Commercial Close Team composition finalized with MDA Ministerial approval Investment Appraisal and VfM Assessments completed Expression of Interest (EOI) Issued RFP Issued Roadshows completed, Project Structuring documents prepared Sponsor Selected March 2011 July 2011 September 2011 January 2012 January 2013 June 2013 MOFEP and Central Bank on Financial Products and Arrangements for Financial Close (FC) Viability Gap Facility (VGF) Arrangements established Viability Gap 3-year envelope established Guarantee Policy and risk mitigation enhancements established System in place to assess and monitor contingent liabilities VGF Implementation Arrangements approved by Cabinet; VGF mechanism and allocation announced in Budget Call Letter Guarantee Policy Approved by Cabinet and PPP Financing Facility Structured Contingent Liability Management System operational June 2011 July 2011 December 2011 July 2012 Departmental
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