III.  PDMF Process

3.1.  The IA shall identify PPP projects and apply for PDMF financing. It shall, as a minimum, attach to its application, the following:

a.  Project concept note (Appendix 2).

b.  Indicative Terms of Reference (TOR), including cost estimates; and

c.  Letter nominating the IA's representatives to the SBAC, PSC and TWG.

3.2.  The PPP Center shall undertake the screening/evaluation of the PDMF application based on a set of eligibility criteria.

3.3.  The PPP Center shall make a recommendation to the PDMF Board.

a.  If the PDMF Board approves the application, the IA/LGU shall execute a Technical Assistance Agreement with the PPP Center.

b.  If the PDMF Board disapproves the application, the following shall apply:

■  The IA/LGU may submit a written request for reconsideration to the PPP Center. The request shall include additional information and data that will justify the re- evaluation of the PDMF application.

■  The PPP Center shall review the request for reconsideration and submit recommendation to PDMF Board based on additional information and justification submitted by the IA/LGU.

■  The decision of the PDMF Board on the request for reconsideration shall be final and executory and that no further request for reconsideration shall be entertained by the PPP Center.

3.4.  The PPP Center shall establish (i) a Project Study Committee (PSC) to oversee the work of the Transaction Advisor/Consultant; (ii) a Special Bids and Awards Committee (SBAC) to be responsible for the selection/recruitment of the Transaction Advisor/Consultant; and (iii) a Technical Working Group (TWG) to support the SBAC.

3.5.  The PPP Center shall sign the consulting contract with the selected Project Development Consultants/Transaction Advisors with conformity of the IA/LGU.

3.6.  The selected Consultants/Transaction Advisors shall conduct the pre-investment studies, prepare draft tender documents, and provide PPP transaction advisory services.

3.7.  IA/LGU shall be responsible for obtaining the approvals, permits, authorizations and the like from appropriate authorities (e.g., NEDA Investment Coordination Committee (ICC)) for approval.

3.8.  If approved, a public bidding for the PPP project shall be conducted and it shall be in accordance with the BOT Law.

3.9.  The winning bidder shall reimburse all the project related cost and availments from the PDMF.

PDMF Process Flowchart