Other sectors PPP’s
Undertaking Quality Review role on a project in Belarus with Peritus Partners, who are developing a PPP Risk Allocation Manual. This is intended to provide guidance to PPP practitioners when developing PPP projects according to the Belarusian PPP legislation.
Appointed by IFC World Bank as technical and financial advisers for the Ministry of Education of Kyrgyzstan, with IFC acting as Lead Transaction Advisers on 20 schools to be built using the PPP modality as pilot projects in Bishkek and Osh. The scope covers the entire PPP transaction from feasibility and business case to generating the full tender schedules, KPIs and procurement and negotiation support. CR is leading an internal team along with support from designers BTY from Turkey and Legion Group from Kyrgyzstan, while coordinating with legal firm Kalikova & Associates. Scope covers due diligence on land plots; recommending changes to Kyrgyz standards in school design to improve functionality, efficiency and environmental performance; developing technical concept solutions and evaluating associated capital costs; developing FM services profile and associated costs for evaluating cost of outsourcing; environmental and social assessment, financial modelling, value for money assessment. Following approval of the business case, the project includes full procurement support in documentation, evaluation, negotiation and through to appointment of the private provider.
For Saraya Holdings, a DIFC registered resort developer and operator, CR completed a mandate for them during the start-up phase as their strategic and transaction advisor on the flagship development Saraya Aqaba. The mandate covered structuring the project; overseeing the development of its key components and masterplan; building the financial model and business plan; working with lead arranger Atlas (then part of Arab Bank) on the private placement memorandum to raise the equity for the project; working with communications and PR agency to position the project; and project managing the launch, which took place at the World Economic Forum on the Dead Sea. This achieved a successful closure of the largest ever private placement in Jordan. Subsequently, CR undertook the following work:
- Worked with the CEO to create a market strategyfor developing a series of branded resorts, after which the strategy was adopted;
- developed the corporate strategyat all levels including partnership strategy, organizational strategy, IT strategy and financial strategy;
- Negotiated public private partnershipagreements with government entities in respect of their participation in the resort projects;
- Negotiated partnership arrangements with hotel operatorssuch as Starwood, Jumeirah and later niche operators such as Banyan Tree and Nikki Beach. Successfully closed several hotel operator transactions;
- Corporate structuringof the entire business, worked with EY consultants on the implementation of changes and detailed aspects of the organisation strategy. Successfully developed Saraya’s delivery capability and put in place its policies, processes and procedures as well as the strategy for office automation and implementing an ERP solution.
For Mubadala Development International, a major sovereign fund, CR acted as lead advisor on a BOT project finance deal for a pipeline in the Middle East worth more than US$500 million. Scope of assignment covered provision of financial, technical and commercial advice relating to the investment.
For the Ministry of Housing of Saudi Arabia working with a consortium to deliver part of the structural reform program set by the Kingdom’s Vision 2030 strategy relating to the housing sector. The mandate encompasses capacity building for housing developers; establishing a procurement services provider entity as a public private partnership to bring efficiency and cost saving into the source-to-pay cycle; and to prepare the business plans relating to these initiatives.