Presentations

UKCIF – Deploying the 300 million GBP for Infrastructure

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Summary
  1. UKCIF – DEPLOYING THE 300 MILLION GBP FOR INFRASTRUCTURE CARIBBEAN INFRASTRUCTURE FINANCE FORUM Andrew F. Dupigny Head, Infrastructure Partnerships Caribbean Development Bank December 6, 2016
  2. Caribbean Development Bank Who are we? • A member of the Multi-Lateral Development Bank Community • A Regional Development Bank Serving the Caribbean Region • The CDB was established in 1970 to contribute to the harmonious economic growth and development of the member countries in the Caribbean • Members of the CDB are either states and territories of the Caribbean region or non-regional states, which are members of the United Nations
  3. Regional Borrowing Members Anguilla Haiti Antigua and Barbuda Jamaica The Bahamas Montserrat Barbados St. Kitts and Nevis Belize Saint Lucia British Virgin Islands St. Vincent and the Grenadines Cayman Islands Suriname Dominica Trinidad and Tobago Grenada Turks and Caicos Islands Guyana
  4. Other members Non-Regional Regional Non-Borrowing Brazil Mexico Columbia Venezuela Canada Italy China United Kingdom Germany
  5. United Kingdom- Caribbean Infrastructure Partnership Fund (UKCIF) Overview • Total Fund Amount - £300 mn • Country Infrastructure Component - £282.75 mn • Countries may utilise cofinancing in order to finance larger projects (UKCIF resources must compose majority financing)
  6. UKCIF Country Allocations Indicative allocation by Country of Fund UKP (mn) Belize 15.0% 42.4 Dominica 9.1% 25.7 Grenada 8.2% 23.2 Guyana 18.8% 53.2 Jamaica 18.8% 53.2 Montserrat 5.1% 14.4 Antigua and Barbuda 4.9% 13.9 St. Lucia 10.1% 28.6 St. Vincent/Grenadines 9.9% 28.0 100.0% 282.7
  7. Project Eligibility • Both a Technical Assistance (TA) and capital projects will be eligible for financing from UKCIF. TA interventions from feasibility, through to preparation, implementation and evaluation of infrastructure projects will be eligible. • Projects should be critical drivers of economic growth and be able to deliver an Economic Rate of Return of at least 12%. Project will be assessed to ensure compliance with environmental (Incl CVA), social and gender safeguards. • Projects must be of an infrastructure nature. Examples of eligible infrastructure projects include roads; bridges; sea defences; seaports; airports; water/sanitation/wastewater; and irrigation. Renewable energy and energy efficiency projects are also eligible for financing from UKCIF.
  8. Process • Countries/Territory submit project profiles to CDB. (2/3 per country max) • Screening by CDB/DFID to see if proposed projects meet eligibility criteria. • Determination as to whether Technical Assistance relating to Feasibility/Design Studies etc. • Appraisal of Capital Projects in accordance with requisite CDB polices and guidelines • Procurement of all contracts in accordance with CDB guidelines. • Certification by independent consultants a requisite for payment by CDB.
  9. Potential consultancy (TA) opportunities • Feasibility and Design Studies • Environmental and Social Impact Assessments • Gender Impact Studies/Consultancies • Climate Change/Variability/Disaster Risk Reduction • Certification Services • Project Management Services
  10. Indicative capital projects Project Name/Type Cost UKP mn (a) Road Upgrade (A&B) 22.6 (b) Road Re-Construction (Dom) 20.0 (c) New Road Construction (Blz) 43.3 (d) Road Rehab/Upgrade (Blz) 30.0 (e) Coastal/Riverine Infrastructure (Guy) 43.6 (f) New Road Construction (Guy) 62.5 (g) Water Supply Improvement Project (Gnd) 11.0 (h) Road Rehab/Upgrade (Gnd) 20.0 (i) Irrigation Project (Jam) 33.0 (j) Irrigation Project II (Jam) 20.2 (j) Port Development Project (Mon) 14.4 (k) Port Development Project (SVG) 74.0 Total 394.6
  11. Potential opportunities – Capital projects Key features: • Need for economy and efficiency • Equal opportunity for bidders from all CDB member countries • Encouraging development of contractors in BMCs • Transparency in procurement process Through: • ICB (In most cases appropriate) • Alternative contract options that attract interest of both small and large firms– Individual Contracts (Slices), or Group of Similar Contracts (Package).
  12. Project procurement Key features: • Recipients responsible for executing procurement and enter into contracts with consultants, suppliers and contractors • CDB plays a supervisory role to ensure funds used for their intended purpose and that Bank’s procurement guidelines are followed • Awards only made to firms meeting appropriate financial and work experience criteria
  13. Who can participate? Eligibility: Restricted to individuals and firms from CDB member countries • Individuals: citizens or bona fide residents of member countries • Firms: • legally incorporated or otherwise organised in an eligible country principal place of business in an eligible country • >50% beneficially owned by citizen(s) and/or bona fide resident(s) of eligible country(ies) or by eligible body(ies) corporate
  14. Project procurement policies and procedures • Procurement undertaken in accordance with CDB procurement guidelines • CDB standard bidding documents/forms of contract used for international bidding • Procurement policy, procedures and documents harmonised with other development banks • CDB procurement policy and procedures are utilised for large programmes fully or partially financed by other partners including: UK-Caribbean Infrastructure Partnership Fund, Sustainable Energy Fund, and Sustainable Energy for the Eastern Caribbean Program
  15. Project procurement policies and procedures Guidelines for Procurement (Goods, Works and Non-Consultancy Services) Guidelines for Selection and Engagement of Consultants (Consultancy Services – Firms and Individuals)
  16. How to identify opportunities Business intelligence prior to formal procurement process: • CDB Strategic Plan 2015-19: www.caribank.org/uploads/2012/05/BD-Paper_StrategicPlan_2015- 19_Final_For_PublicDisclosure-Final.pdf • Country Strategy Papers: www.caribank.org/countries/country- strategies • Board papers and project announcements for approved projects: www.caribank.org/projects/approved-projects • Government strategies/development plans and budgets • Direct engagement with government agencies
  17. Where are opportunities advertised? Good/Works/Non-consultancy Services and Consultancy Services >$150,000
  18. Register of Consultants • Access: https://rocs.caribank.org or through “projects” tab on website • Open to firms and individuals • Information used for CDB consultancy procurements and to assist recipients undertaking project procurement • Provides consultants with e-mail updates on new procurement opportunities
  19. Thank You!