PUBLIC-PRIVATE PARTNERSHIP: SUBSIDIARY LEGISLATION

PUBLIC-PRIVATE PARTNERSHIP: SUBSIDIARY LEGISLATION

PUBLIC-PRIVATE PARTNERSHIP REGULATIONS

ARRANGEMENT OF REGULATIONS

    REGULATION

PART I
PRELIMINARY

    1.    Citation

    2.    Interpretation

PART II
APROJECT IDENTIFICATION AND PRIORITY LIST

    3.    Project Identification

    4.    Priority List and Compendium

PART III
ATRANSACTION ADVISORS

    5.    Rules of engaging Transaction Advisors

PART IV
AFEASIBILITY STUDY

    6.    Comprehensive Feasibility Study

    7.    Fiscal affordability assessment

    8.    Approval of feasibility study

PART V
APPP COMMITTEES

    9.    Project Committee

    10.    Evaluation Committee

PART VI
APROCUREMENT PROCESS: PRE-QUALIFICATION PHASE (Phase One)

    11.    Phase one: Pre-qualification phase

    12.    Expression of Interest or Request for pre-qualification documents

    13.    Contents of EOI or pre-qualification documents

    14.    Application for pre-qualification by a Consortium

    15.    Pre-qualification meeting

    16.    Evaluation of EOI or pre-qualification application

    17.    Notification of pre-qualification

    18.    Verification of bidder’s information and confidentiality of qualification information

PART VII
APROCUREMENT PROCESS: REQUEST FOR PROPOSAL PHASE (Phase Two)

    19.    Preparation of Tender Documents

    20.    Issuance of Tender Documents

    21.    Pre-Bid Meetings and amendment of Tender Documents

    22.    Submission of Bid by a Consortium

    23.    Technical proposal evaluation

    24.    Technical proposal evaluation report

    25.    Notification of results of technical proposal evaluation

    26.    Financial proposal opening and evaluation

    27.    Financial proposal evaluation report

    28.    Selection of the Preferred Bidder

    29.    Verification of Bid information

    30.    Negotiations and selection of Successful Bidder

    31.    Procedure regarding equal Bids

    32.    Commercial and Financial Close

PART VIII
ASINGLE PHASE PROCUREMENT PROCESS

    33.    Use of single phase procurement process

PART IX
ACOMPETITIVE DIALOGUE

    34.    Procedure to conduct Competitive Dialogue

PART X
AUNSOLICITED BIDS (USB)

    35.    Requirements of a valid Unsolicited Bid

    36.    Contents of Unsolicited Bid

    37.    Provisional acceptance of valid Unsolicited Bid

    38.    Treatment of more than one Unsolicited Bids for same or similar project

    39.    USB processing fee

    40.    USB bond

    41.    USB project development agreement

    42.    USB-Feasibility Study

    43.    Registration of USB in the Compendium

    44.    Right to determine contents of Tender Documents

    45.    Selection of Private Party for Unsolicited Bid

PART XI
ADIRECT NEGOTIATIONS

    46.    Procedure to conduct Direct Negotiations

PART XII
AGOVERNMENT’S EQUITY PARTICIPATION IN SPECIAL PURPOSE VEHICLE

    47.    Equity participation by the Government

PART XIII
APPP CONTRACT MANAGEMENT

    48.    Contract Manager

    49.    Responsibility of the Contract Manager

    50.    Appointment and role of Independent Expert

    51.    Contract Management Plan

PART XIV
ARESUBMISSION OF EXPIRED PPP PROJECTS

    52.    Procedure for expired projects

PART XV
ADISCLOSURE OF INFORMATION

    53.    Disclosure framework

PART XVI
AFCCL MANAGEMENT

    54.    PPP Fiscal Risk Committee

    55.    Functions of PPP Fiscal Risk Committee

    56.    Data gathering

    57.    FCCL report

    58.    Amendments

    59.    Annual FCCL ceilings

    60.    FCCL Framework

PART XVII
APPP PROJECT FINANCING FUND

    61.    Fund and its functions

    62.    Fund accounts

    63.    Audit of the Fund

    64.    Officer administering the Fund

    65.    Secretariat of the Fund

    66.    Fund manual

G.N. 58/2023

PUBLIC-PRIVATE PARTNERSHIP REGULATIONS

under s. 97

PART I
PRELIMINARY

1.    Citation

    These Regulations may be cited as the Public-Private Partnership Regulations.

2.    Interpretation

    In these Regulations, unless the context otherwise requires—

    “Bid” means proposal document or documents including inter alia technical proposals and financial proposals submitted by any person in response to a procurement request for a proposed PPP arrangement;

    “Bid Bond” means any written legal undertaking including, inter alia bid securing declaration, bank guarantees, surety bonds, cheques on which a bank is primarily liable, cash deposits, promissory notes, and bills of exchange made by a bidder to PPPC or the Contracting Authority guaranteeing compensation to the Contracting Authority if the bidder fails to sign a PPP Contract if awarded;

    “Commercial Close” means the date on which the PPP Contract is signed between the Contracting Authority and the Special Purpose Vehicle or the Private Party;

    “Compendium” means the compendium prepared and published by the Commission in accordance with section 41 (3) of the Act;

    “Competitive Dialogue” means the dialogue entered into by the Evaluation Committee with the Pre-Qualified Bidders during the two-phase procurement process to discuss solutions for the desired outcome of the proposed PPP arrangement;

    “Consortium” means an association or joint venture of two or more entities;

    “Contract Manager” means a nodal officer appointed by the Contracting Authority responsible for implementation of the Contract Management Plan of a PPP Arrangement;

    “Contract Management Plan” means the plan developed by the Contract Manager in accordance with regulation 51;

    “Contract Management team” means a team of multi-disciplinary experts, inter alia including those having expertise in technical, legal, financial, administration or knowledge management aspects, led by…