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Approval Process

There are a number of milestones in which certain approval of the government is required for processing a PPP project. These key project milestones are:

approval of PPP projects
release of PQ to attract tenderers
release of RFP to pre-qualified tenderers
selection of the preferred investor; and
execution of the contract.

Stage wise following approvals are needed for a PPP project.

 
Name of the Stage
Approvals
1
Stage-0 Project Identification
Executing Agency will be required to receive approval on Project Concept Note from line Ministry
EA will be required to obtain final approval on PPP projects from CCEA for PICOM Listing
2
Stage-1 Feasibility
EA will be required to obtain necessary consents from line ministry to engage consultant for Feasibility study.
EA will need to obtain final approval on feasibility study report and its proposed major terms and conditions from the line ministry/CCEA
3
Stage-2 Commercial Framework
EA will be required to obtain necessary consents from line ministry ;to engage Transaction Consultant
EA will be required to obtain approval of pre-qualification documents and issuance from Line Ministry
EA\LM approval to release invitation for EOI notice
Approval of PTEC evaluated report on PQ by Line Ministry
Approval of Finalized bid documents and issuance of IFT by Line Ministry
4
Stage-3 Evaluation of Tender
Approval of PTEC Bid Evaluation Report by Ministry/EA
Government approval of successful tenderer
Issue Letter of Intent by
EA/Procuring Entity
5
Stage-4 Negotiation
EA will be required to take all necessary consents to Form Government negotiating Team
EA will take necessary legal consents on final Concessionaire agreement from Law Ministry
Final Approval of security package to be signed by LM/EA
Government approval For Sign Agreement with Project Company
6
Stage-5 Financing
Project Company will be required to obtain consents on Financial Closure from Lenders
7
Stage-6 Construction
Project Company will be required to obtain Site Clearance Certificate from Department of Environment to go for construction
Approval of Environment Impact Assessment report from DOE
Consents required from EA for satisfactory completion test


 
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