Green City Framework: Mongolia: Ulaanbaatar Solid Waste Modernisation Project - Municipal Debt Management Programme (примерный перевод: Green City Framework: Монголия: Улан-Батор твердых отходов Проект модернизации - Программа муниципального управления долгом) (Монголия - Тендер #2251302) | ||
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Страна: Монголия (другие тендеры и закупки Монголия) Организатор тендера: The European Bank for Reconstruction and Development (EBRD) Номер конкурса: 2251302 Дата публикации: 18-10-2017 Источник тендера: Европейский банк реконструкции и развития |
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Mongolia
Business sector:Municipal and environmental infrastructure
Funding source:Government of Japan
Contract type:Consultancy Services
Notice type:Invitation for expressions of interest (CSU)
Issue date:17 Oct 2017
Closing date:08 Nov 2017 at 16:00 Ulaanbaatar
Executing Agency (Client):
City of Ulaanbaatar
The Client Contact Person:
Batkhuu Idesh, Head of
Project Co-operation Unit
City of Ulaanbaatar
Sukhbaatar Square – 7
Ulaanbaatar 15160
Mongolia
The EBRD Contact Person:
Mrs Sophie Medert
Infrastructure Business Group
European Bank for Reconstruction and Development
One Exchange Square
London EC2A 2JN
Tel: + 44 20 7338 7371
E-mail: mederts@ebrd.com
Project Description:
The City of Ulaanbaatar (the “City”) approached the European Bank for Reconstruction and Development (the “EBRD”, or the “Bank”) with a request to finance the priority investments
in a solid waste sector (the “PIP” or the ”Project”) to expand the existing landfilling capacity and improve solid waste management practices. The Project will be implemented by the
City. Total capex financing needs are estimated at USD 14.7 million comprised of the EBRD loan and a mix of capital grants and concessional loan from the international donors.
Assignment Description:
The Client now intends to retain a consulting company (the “Consultant”) to have assistance in introducing debt management policies and procedures based on best international practice while
considering local legal and other statutory requirements. The aim is to systematically integrate borrowing into financial planning, helping the City to develop cash management and treasury
operations in general and in particular with regards to meeting its debt service requirements (the “Assignment”).
The expected outcome of the Assignment is the improved creditworthiness of the City through the following two tasks:
- Develop a financial model for the City budget, use it to forecast financial performance of the City for 2017-2033, its financial debt and financial debt of its municipal companies;
- Develop public debt management policy and tools.
The selected Consultant is expected to provide the following services:
(i)Review the system of registering and managing debt and contingent liabilities in the City
A)The Consultant shall describe the municipal system for managing debt, including direct debt, contingent liabilities, payables, liabilities of City-controlled enterprises and other
organisations owned by the municipality. The Consultant shall in detail specify any legal obligations that the City has in relation to the debt of City-owned companies. The Consultant shall
explicitly describe the terms of sovereign and sovereign-guaranteed loans, where the City might be expected to contribute to debt service and clarify the grounds of such contribution. The
Consultant shall determine which municipal companies operate autonomously and would be fit to service their debt, and for which ones an external support might be required. The Consultant shall
describe the major problems in managing liabilities in the City.
B)The Consultant shall calculate the amount of direct debt and contingent liabilities of the City (including direct debt, guarantees, accounts payable of budget institutions, liabilities of
City-owned enterprises, and other contingent liabilities) as of 31 December 2016.
(ii)Developing the borrowing capacity profile of the City
A)develop the schedule for the current debt liabilities (direct debt of the City and its contingent liabilities) servicing, accrual of interest and repayment;
B)prepare the methodology for developing an appropriate borrowing capacity profile;
C)calculate borrowing capacity alternatives for the City for the period of 2017-2021, taking into account the various economic scenarios. “Borrowing capacity” is understood to be the
maximum possible amount of debt liabilities repayment (including repayment of claimed contingent liabilities) over a specific period, which will not disrupt the creditworthiness of the City.
While defining the borrowing capacity, the Consultant should take into account the possible amounts of contingent liabilities repayment.
The development of the profile for borrowing capacity should be based on medium and long-term financial forecast of the City and on the schedules for the servicing and redemption of the accumulated debt liabilities.
(iii)Developing recommendations on forecasting and funding cash gaps
The Consultant shall develop the approaches towards funding temporary cash gaps that may happen during the fiscal year. Recommendations on the issues related to forecasting and funding
temporary cash gaps of the City budget should include the methodology for forecasting temporary cash gaps, the set of measures to be taken to obtain the resources for funding the gap, including
the assessment of the possibility to obtain bank loans, applying for short-term budget loans to the higher level authority bodies, and establishing financial reserve within the City budget
which will be solely spent for funding temporary cash gaps.
Status of Selection Process: Interested firms or group of firms are hereby invited to submit expressions of interest.
Assignment Start Date and Duration: The Assignment is expected to start in Q4 2017 and has an estimated overall duration of four months.
Maximum Cost Estimate for the Assignment: EUR 100,000.00 (exclusive of VAT). Subject to availability of funding, the performance of the selected Consultant and the specific
needs of the Client the Assignment may be extended beyond the current scope.
The Consultant must determine whether any indirect taxes/VAT are chargeable on the proposed services and state the basis for such. If any indirect taxes/VAT are payable, the Client will have to
pay indirect taxes/VAT element to the services directly to the Consultant unless otherwise agreed.
Funding Source: It is anticipated that the contract will be financed by the Government of Japan. Selection and contracting is subject to the availability of funding.
Eligibility: There are no eligibility restrictions.
Consultant Profile: Corporate services are required. The Consultant will be a firm or a group of firms with previous project experience related to:
1. introducing debt management policies and procedures based on best international practice while considering local legal and other statutory requirements in the countries with conditions
similar to Mongolia.
2. supporting public institutions to develop cash management and treasury operations in general and in particular with regards to meeting its debt service requirements preferably in the
countries with conditions similar to Mongolia.
The Consultant’s expert team is expected to include key experts as follows:
a.Key Expert No 1: Financial specialist with deep understanding and relevant experience in municipal finance and budget planning and analysis.
b.Key Expert No 2: Local Finance Expert preferably with 5 years or more of practical experience in working with municipal budget/finance in Mongolia or similar countries;
c.Key Expert No 3: Financial Modelling Expert with preferably 5 years or more of previous professional comparable experience in similar assignments in the municipal solid waste
sector in the countries with conditions similar to Mongolia
d.Key Expert No 4: Legal Expert with practical experience in working with municipal finance in Mongolia.
Non-key experts are expected to include the following local support staff (translator, office manager
Submission Requirements: In order to determine the capability and experience of Consultants seeking to be selected, the information submitted should include the following:
1. Company/group of firms’ profile, organisation and staffing (max. 2-4 pages).
2. Details of previous project experience or similar assignments particularly undertaken in the previous five years, including information on contract value, contracting entity/client, project location/country, duration (mm/yy to mm/yy), expert months provided (if different from duration) , main activities, objectives.
3. CVs of key experts who could carry out the Assignment detailing qualifications, experience in similar assignments, particularly assignments undertaken in the previous five years, including information on contracting entity/client, project location/country, duration (mm/yy to mm/yy), expert months provided, assignment budget, main activities, objectives.
4. Completed Consultant Declaration Form and Contact Sheet, the template for which is available from the following web-link:
.
The expression of interest shall not exceed 25 pages (excluding CVs and the Consultant Declaration and Contact Sheet).
One original and two copies of the expression of interest, in English and Mongolian, should be submitted to the Client in an envelope marked “MONGOLIA: GRCF ULAANBAATAR SOLID WASTE MODERNISATION PROJECT - Municipal Debt Management Programme” to reach Client not later than 8th November 2017 at 16:00 Mongolia time. In addition, electronic copies should be submitted to both the Client’s and EBRD’s contact persons by email by the same due date and time.
Important Notes:
1. The selection will normally be made from responses to this notification only. Consultants will not be asked to submit a proposal. The highest-ranked Consultant will be selected from a
shortlist and be invited to negotiate the contract, subject to availability of funding.
2. The shortlist criteria are as follows:
(a)Firm’s experience in introducing debt management policies and procedures based on best international practice in countries with conditions similar to Mongolia (35%).
(b)Firm’s experience supporting public institutions to develop cash management and treasury operations preferably in countries with conditions similar to Mongolia (30%).
(c)CV of Key Expert No 1 (20%).
(d)CV of Key Expert No 2, 3 and 4 (15%; 5% each).