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No.
2/4/2007- Infrastructure
Government of India
Ministry of Finance
Department of Economic Affairs
PPP Cell
North
Block, New Delhi.
Dated August 22, 2007.
Subject: Panel of Transaction
Advisers for PPP projects.
The Government of India has adopted a
policy to facilitate private investment
in infrastructure. Implementation of
this policy will require a capacity to
determine the suitability and
feasibility of PPP transactions and to
implement agreed transactions. This
entails agencies concerned at central,
state and municipal government level
have access to appropriate advisory
support for the implementation of PPP
transactions.
2.
Accordingly, Government of India has
finalised a panel of pre-qualified
Transaction Advisers to assist the
agencies concerned with identifying and
retaining transaction advisers. The list
of panel of Transaction Advisers and
their contact details is at Annex I.
3. The
empanelment of transaction advisers has
been undertaken through observing
International Competitive Bidding
process. The evaluation for empanelment
of Transaction Advisers has been
undertaken on the basis of two-stage
evaluation criteria laid down in the
Request for Qualification, which
required each agency to satisfy minimum
threshold requirements of annual
turnover and human resource capability.
Applicants' that satisfied the threshold
requirement have been evaluated for
their capability and experience in
discharging a lead role in transactions
and providing commercial, financial and
legislative advice. On the basis of
their experience and the pattern of
ownership, it has been decided to
empanel International Finance
Corporation on the Panel of Transaction
Adviser without their having gone
through the bid process. However, this
is subject to the condition that they
will participate in the financial bids
for individual transactions.
4.
This panel is available to all
sponsoring authorities including
central, state and municipal governments
and their agencies who are undertaking
PPP transactions.
5.
Panel members have skills and experience
to provide both commercial/financial and
legal services in support of PPP
transactions. However, it is advisable
to procure financial, legal and
technical expertise separately in the
case of large projects such as port
development or airport development
projects where the project cost is very
high.
6.
The firms/
consortia on the Panel have already been
assessed as capable of providing
transaction management services.
Subsequent appointment by the sponsoring
authority should be on the basis of a
financial proposal, against a defined
scope of work.
7.
Firms/ consortia on the panel will
contract directly with the agencies
concerned for provision of transaction
management services. Department of
Economic Affairs (DEA) should, however,
be kept informed on the use being made
of the panel and the performance of
panel members. A final report after
completion of the transaction manager's
assignment may be provided to this
Department.
8.
The
empanelment is subject to the condition
that there will not be any change in the
structure/ constitution of the consortia
during the validity of the panel from
that indicated in the bids /applications
for empanelment of the Transaction
Advisers. This may be verified by the
dagency concerned at the time of
inviting financial bids for individual
transactions.
9.
The panel is
valid for a period of two years from the
date of issue of this communication.
During this period DEA may remove firms
from the panel if it concludes that they
are not capable of providing the
required services in a professional
manner or add new firms, after due
diligence. Any information on change to
panel membership will be made available
through the website
www.pppinindia.com.
10.
This issues
with the approval of the Finance
Minister.
Aparna Bhatia
Joint Director
To
1. All State Governments
2. Central Ministries (as per attached
list)
3. Firms/consortia empanelled as
Transaction Advisors
Copy to: All PPP nodal officers
Copy also to: Sr PPS to FS/PPS to
AS(EA)/PS to JS(Infra.)
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