2.1 The general objective of the PDMF is to provide a facility to fund and facilitate pre-investment activities of potential PPP projects such as undertaking the pre-feasibility and feasibility studies and develop a robust pipeline of viable and well-structured PPP projects for IAs/LGUs.
2.2 Specifically, the PDMF may be utilized for, but not limited to, the following:
a. Preparation of project pre-feasibility and feasibility studies
b. Project structuring
c. Preparation of bid documents & draft contracts
d. Transaction advisory
e. Assistance in the tendering process, including bid evaluation and award of PPP projects through competitive selection
2.3 Governing Principles. In the use of the PDMF, the following principles shall be observed:
a. The capacity of IAs/LGUs to identify, package/structure PPP projects, and manage the bidding process should be developed/strengthened.
b. Project management skills and technical capacity of the IAs/LGUs to successfully undertake and monitor PPP projects shall be enhanced.
c. International best practices, including compliance with established environmental sustainability, social and gender sensitivity safeguards shall be adopted.
d. The revolving feature of the fund shall be strictly observed to provide a sustainable stream of utilizable funds for the PDMF's objectives.