Kenya Infrastructure Finance/PPP project

THE NATIONAL TREASURY

INFRASTRUCTURE FINANCE & PUBLIC PRIVATE PARTNERSHIPS PROJECT

RECRUITMENT OF AN ADVISOR TO SUPPORT THE DIRECTORATE OF PUBLIC DEBT MANAGEMENT TO IMPLEMENT THE FRAMEWORK FOR FCCL

REQUEST FOR EXPRESSIONS OF INTEREST

(CONSULTING SERVICES – INDIVIDUAL SELECTION)

IFPPP/NT/DPBM/27/2014-15

Credit No. 51570 KE                                                                                                 Project ID No. P121019

The Government of Kenya (GoK) in conjunction with the World Bank is implementing a four-year Infrastructure Finance and Public Private Partnerships Project (IFPPP) whose overall development objective is to increase private investment in the Kenyan infrastructure market by improving the enabling environment to generate a pipeline of bankable PPP projects. This objective will be achieved through the provision of technical expertise and building capacity to implement the Government's Public Private Partnerships (PPP) National program. Component 3 of the IFPPP project seeks to strengthen the Fiscal Commitment & Contingent Liability (FCCL) risk management framework and to enhance the functional capacity within the National Treasury (focused on the Directorate of Public Debt Management (DPDM)) on identification andmanagement of FCCL risks. It is intended that part of the proceeds ofthis credit be applied to eligible payments under the contracts for provision of the above Consultancy services for a period of one (1) year (renewable).

1. OBJECTIVE

The objective of this assignment is to support the Directorate of Public Debt Management to implement the framework for FCCL. The consultant will help in the implementation of theframework as well as in the review of projects for FCCL.

2. SCOPE OF WORK

In order to achieve this objective the Consultant will work with the Directorate of Public Debt Management aswell as coordinate with the PPPU, Budget Division-NT, Contracting Authorities and any other agencies or stakeholders involved in managing the FCCL. The assignment will include: 

a)      Establishing, institutionalizing and maintaining the tools, models and formats included in the FCCL guidance issued by the PPPU, including but not limited to the long term fiscal planning tool, excel models for calculating values of guarantees, project risk profiles and other required information formats.

b)   Collecting all information required for project assessment and for the preparation of all reports included in the FCCL guidance issued by the PPPU, by coordinating withthe PPPU, Budget Department, Contracting Agencies, Transaction Advisors and others as required.

c)   Reviewing individual projects for FCCL at both feasibility stage and post-bid stage, valuing guarantees, updating the long term fiscal planning tool to assess the long term fiscal effect of the new project and recommending to Director General - DPDM/PPPU for approval or other decision, with cogent and comprehensive comments.

d)   Creating and maintaining models for the purpose of measuring and managing FCCL in excel or other software as decided by the PPPU and as outlined in the FCCL guidance issued by the National Treasury for measuring, monitoring and managing the FCCL.

e)   Preparing all reports on FCCL as required under the FCCL Guidelines issued by the National Treasury including material on FCCL for the Annual Debt Report of the government, the Debt Management Strategy and other publications of FCCL

f)    Institutionalizing these tasks into the Directorate of Public Debt Management through capacitating counterpart(s) embedded into the DPDM.

g)   Organizing training and discussion workshops and meetings as required for the performance of all of the above functions.

3. The National Treasury (the Client) through its Project Implementation Unit (PIU) now invites eligible individual consultants to express their interest in providing the services. Interested Consultants should provide information demonstrating that they have the required qualifications and relevant experience to perform the services.  Consultants should provide their most recent profiles showing their experience, qualifications, capabilities, references and details of past experience especially in the area of their expertise etc. The shortlistingcriteria are; (a) Qualifications - Bachelor's degree in finance, economics, accounting or a related field (an advanced degree will be preferred), Trained in feasibility analyses; proficient in financial modeling, Monte Carlo techniques, use of crystal ball and other modelling software and options valuation. (b) Experience - A financial expert, with at least 10 years hands on experience in financial modelling and options valuation. (c) Experience working in developing countries will bepreferred. (d) Fluency in spokenand written English.

4. The expression of interest is also open to interested firms who may wish to proposeindividual consultants. In such cases, only the experience and qualifications of the individuals proposed shall be taken into account in the selection process and not the firm's corporate experience. Consequently, the ensuing contract agreement will be signed directly with the successful individual.

5. The attention of interested consultants is drawn to paragraph 1.9 of theWorld Bank's Guidelines: Selection and Employment of Consultants [under IBRD Loans and IDA Credits & Grants] by World Bank Borrowers published in January 2011 ("Consultant Guidelines"), setting forth the World Bank's policy on conflict of interest. A consultant will be selected in accordance with the procedures for selection of individual consultants set out in the Consultant Guidelines.

6.  Interested eligible individuals may obtain further information at the address given belowduring office hours between 0900 to 1700 hours, Monday – Friday inclusive, exclusive of public holidays, before the deadline for the submission of Expressions of Interest.

7.  Complete Expressions of Interest documents in plain sealed envelopes with consultancy reference and name clearly marked on top should be delivered in person, sent by mail or by email to the address shown below or placed in the tender box at our offices on the 7^th floor, Anniversary Towers, North Tower

8. Deadline for submission of Expressions of Interest is Thursday 29^th January 2015 at 1600 hours Kenyan local time.

DIRECTOR, PUBLIC PRIVATE PARTNERSHIPS UNIT

FOR: PRINCIPAL SECRETARY