Central America - Outline Business Case for Six PPP projects

Request for expression of interest for selection # 1252822

The consulting firm should develop six outlines of business cases for six different PPP projects in Central America

FUNDING SOURCE
The World Bank Group intends to finance the assignment / services described below under the following:
TF- Central America Regional PPP Program: Phase I (Years 1 and 2)

FIRM PROFILE
The consultant will be a firm.

SUBMISSION REQUIREMENTS
The World Bank Group now invites eligible firms to indicate their interest in providing the services. Interested firms must provide information indicating that they are qualified to perform the services (brochures, description of similar assignments, experience in similar conditions, availability of appropriate skills among staff, etc. for firms; CV and cover letter for individuals). Please note that the total size of all attachments should be less than 5MB. Consultants may associate to enhance their qualifications.

Interested firms are hereby invited to submit expressions of interest.

Expressions of Interest should be submitted, in English, electronically through World Bank Group eConsultant2 (https://wbgeconsult2.worldbank.org/wbgec/index.html)

NOTES
Following this invitation for Expression of Interest, a shortlist of qualified firms will be formally invited to submit proposals. Shortlisting and selection will be subject to the availability of funding.

Only those firms which have been shortlisted will receive notification. No debrief will be provided to firms which have not been shortlisted.

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Background: On May 2016, the World Bank started a PPP program for all six Central American countries. The program had three basic pillars: (i) developing a PPP pipeline; (ii) strengthening local institutional capacity and (iii) providing regulatory support. These Terms of Reference refer to the first pillar (PPP pipeline).
The World Bank and its partners have gathered over 30 short-listed projects, each of which have a pre-feasibility study.
As of February 2018, The World Bank will select 6 projects that deserve a deeper analysis beyond pre-feasibility studies. Thus, these Terms of Reference are for a consulting firm to deliver an Outline of a Business Case (OBC) for each of these 6 selected projects.

OBC contract activities:

a. For each of the selected projects, the selected consultant shall prepare an Outline Business Case (OBC) as per the international best practices and in tune with the requirements for PPPs set out in each countries regulations. Towards this end, the Consultant shall:
Review existing short-list reports and appraise the quality and completion of project preparation to date;
Carry out traffic, cost, revenue and economic benefit analysis of each segment - mainly based on existing studies and data and with suitable assumptions and extrapolation - along with sensitivity analysis on key parameters. In this regard, the consultant shall make maximum use of available data, road condition surveys, technical studies, documents and traffic counts available as well as data from any other studies conducted recently in Central America.
Drawing upon the above, prepare financial models for each project to facilitate decision -making for their structuring and development as PPPs, either toll-based (with or without viability gap funding support) or availability-based concessions.
Present and discuss the financial model results and simulations as well as the recommended structuring options through a workshop with participation from senior officers of each country where the project is being developed.; and
Based on the above, and duly incorporating the feedback from the Workshop, recommend an appropriate concession structure (or conventional approach, if a concession is not feasible) for each project, along with a detailed listing of notable risks associated with it, land acquisition, developer and lender interest/appetite (through market sounding), etc.

Output Structure

Preparation of Pre-feasibility study review shall consist of the following topics:
a. Legal and institutional review;
b. Technical review;
c. Economic and commercial review;
d. Social and environmental assessment;
e. Review on types of PPP in infrastructure provision;
f. Risks review;
g. Review on the need of Government Support and/or Guarantee; and
h. Review on outstanding issues that need to be solved.

Attachments
EOI (Please see doc attached)