The Government intends using the proceeds of a loan from the European Bank for Reconstruction and Development towards the cost of facilitating the restructuring and privatisation of the terminal.
The main objective of the assignment shall be:
1. Develop a financial strategy for the sale of CGCO, to include inter alia:
I. Verification of CGCO’s existing financial position
II. Preparation of documentation on the future financial position of CGCO in a form which could be released, without liability, to potential investors
III. High level review of the Government’s overall strategy for privatising CGCO, including identification of any legal, financial or institutional obstacles which could affect the chances of successful implementation, and recommendation of any necessary changes in the Government’s approach to CGCO’s privatisation
2. Assistance with the process of privatization of CGCO:
I. Finalisation of tender documentation
II. Assistance with issuing the request for expressions of interest
III. Assistance with the prequalification of bidders
IV. Assistance with bidder interaction
V. Assistance with evaluation of bids
VI. Assistance with the negotiations between the company and final bidders
A substantial amount of preparatory work and documentation has already been concluded by the Ministry of Transport. The Ministry is preparing a new set of tender documents, which it will review and revise again once the financial strategy for the privatisation of CGCO has been completed, with the assistance of the consultant.
The consultant’s team is expected to be headed by an experienced financial advisor who has worked previously on privatisation and corporate finance issues. It should also include a legal adviser and a transport economist with experience of privatisation issues. The consultant’s team will be assisted by one or more counterpart staff drawn from CGCO and the Ministry of Transport.
The assignment is expected to start at the end of Q2 2011 and last between 12 and 18 months.
The budget for the assignment, which will be financed from the proceeds of the loan, is EUR 290,000. Consulting firms from any country are eligible for short listing and selection.
In order to determine the capability and experience of consulting firms seeking to be shortlisted, the information submitted shall include the following:
· Company profile, organisation and staffing
· Details of experience or similar assignments undertaken in the previous five years, inclusive of project title; location; contractual role of the firm; the presence of any affiliate or parent companies and their respective roles; start and completion dates; value; name of the Client; funding source; objectives and brief narrative description of the project, functions and tasks carried out, including applicable national and/or international codes and standards
· CVs of staff who could be available to work on the assignment.
If a firm considers it does not possess all the required expertise for the assignment, it may consider forming a joint venture partnership with other firms. In such cases the Expression of Interest should provide the aforementioned details for each partner and an indication which firm is the lead partner.