Beruflich Dokumente
Kultur Dokumente
Note:
Minister of Finance
become part
MOF
Recourse Agreement
Contracting Agency
3a
(Ministries, Regional
Governments, SOEs)
PPP Agreement
Multilateral
Development
Agency / Others
Investor
Sector
PPP Contract
Project Viability
Regulations
Feasibility Study
Arbitration Clause
3.Appraisal
4. Structuring
CA
Role
Submit
Screening
Form
Submit
Guarantee
Application
Package (GAP)
Finalize T&C of
Guarantee &
Recourse
Agreement
IIGF
Role
Provide info on
guarantee
product &
process
Issue
Confirmation to
Proceed for
eligible project
Issue
Letter of Intent
for guarantee
provision
Issue
In-Principle
Approval to be
used for bidding
Screening Form:
1. Cover Letter
2. Project brief
description
3. Outline Business
Case
Risk
Monitoring
of Guaranteed
Projects
EOI and
PQ Process
Issue
Draft RFP
Issue
One on one Final RFP
meetings
Finalize
Pre-FS
Bid Submission
& Evaluation
Award &
Signing
Financial
Close
Submit GAP
(Usulan Penjaminan
Use of
Consultant
4. Structuring
Decision to
go with PPP
3. Appraisal
2. Screening
Issue
Confirmation
to Proceed
Issue
Letter of
Intent
Issue
In-Principle
Approval
Signing of:
PPP Agreement
1. Consultation
Guarantee Agreement
Recourse Agreement
Malaysia
Singapore
Sumatra
Bandar
Lampung city
Bandar
Lampung city
Currently, only 26% of the population in Bandar Lampung is served by the clean water
network, which is developed and managed by the local water utility (PDAM).
The current service is however supply-constrained, as a result,
existing customers are receiving non-continuous water supply, and
expansion of network to new customers become even more difficult
In order to expand the coverage of clean water supply, the municipality has launched
the Way Sekampung Clean Water Supply Project
involves the sourcing of raw water from the Way Sekampung river,
the treating of water to drinking water standard as well as transmitting and distributing to the
population in the northeastern part of the city (where most of them currently are located
outside the existing network)
Financial
Legal
Technical
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Project Scoping
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Risk
mitigation
measure
PPP2
IIGF
Recourse
Agreements
O&M Agreement
( 5- 10 years)
(Marketing, operate,
meter reading and
training)
Management Fee
& Incentives
Bandar
Lampung
City
PPP1
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Aspects to be appraised
Project-basis vs CA-basis
Guarantee Application Package
Viability
Appraisal
Process
Government Support
Risk Management
Guarantee Coverage
Guarantee Coverage
Procurement Process
Risk
Competitiveness
CA Capacity
CA-related Information
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IIGF Assessment
on Project Feasibility, Risks and Guarantee Eligibility
The city seeks to achieve MDG target of 80% coverage for clean water supply by 2015
intense requests from its citizens for such service due to availability constraints in case of
other sources of water supply (i.e. groundwater).
The absence of such guarantee is believed to compromise the bankability of the project.
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15
1. Consultation
and Guidance
2. Screening
3. Appraisal
4. Structuring
Based on
Risk
Allocation
Principles
Yes
No
Not covered
Guarantee
Viability
Analysis
Not viable
Viable
Guarantee
Capacity
Analysis
IIGF Risk
Coverage
Co-guarantor
Risk Coverage
Perpres 78/2010
(Infrastructure
Guarantee)
PMK 260/2010
(Manual of Perpres
78/2010)
Risk
Allocation
Principles
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CA
Toll Roads
B*
Examples :
CA Payment
Obligations
Inability to Pay
Unwillingness to Pay
E*
F
G*
H*
*) Risk that leads to certain financial
obligation of the bearer
Possible IIGF
Guarantee Coverage
PC : Project Company
CA : Contracting Agency
Early Termination /
Other Payment
Obligations due to
Government Actions /
Inactions, such as:
Change in Law
Expropriation
Currency
Inconvertibility / Non
Transfer
Force Majeure
Affecting CA
Electircity
Water Supply
Waste Water
Selected
Telecom
Irrigation
PC
Transport
Selected
Oil & Gas
**) as has been ammended by Presidential Regulatian No. 13/2010 and No. 56/2011
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Quantity Risk:
Risk that stemming from insufficient flow of raw water in the intake during the project life,
resulting in insufficient or no water output that can be produced
Demand Risk
Insufficient water consumption will be experienced resulting in revenue shortfall
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technically feasible given the availability of water source and workability of technical scope;
2.
3.
4.
5.
6.
socially desirable given the minimum adverse impact to the people and the benefit in terms
of improved health and productivity;
7.
8.
risks allocated to the municipality are those better borne by the public sector (i.e. offtake,
raw water risk);
9.
10. project timeline is realistic and the procurement process is sufficiently competitive and
robust.
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The input from RfP process will also form the basis for the MoF for VGF mechanism
Possible bid parameter: the bulk water price or the amount of VGF required.
Spread of end user tariff and bulk water price to be conform with the projected O&M cost of
distribution network
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Or
IIGF Guarantee
MDA/Other
Financial / Gtee
Institutions
Last Priority
IIGF Guarantee
MDA/Other
Financial / Gtee
Institutions
Government
Guarantee
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Thanks
Kamsamnida
Q&A
Andre Permana
a.permana@iigf.co.id
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