Unless otherwise stated, the terms used in this Guideline shall have the following meaning :
Cabinet Committee on Economic Affairs (CCEA) means the Committee established by the Government under Rule 18 of the Rules of Business, 1996.
Competitive Tendering Process or CTP means the process whereby a private party is granted the right to undertake a PPP project, and which involves transparent and open competition among at least two unrelated tenderers.
Financial Close means the point at which commercial and financial contracts have been signed and conditions precedent to the first debt drawdown has been fulfilled;
Lead Financial Institution means the financial institution (FI) that is funding the PPP project, and in case there is a consortium of FIs, the FI designated as such by the consortium:
Private Sector Company means a company in which 51% or more of the subscribed and paid up equity is owned and controlled by a private entity;
Project Term means the duration of the contract or concession agreement for the PPP project;
Tariff means a Taka amount charged to service users or consumers per unit of service provided;
Total Estimated Cost means the Capital Expenditures as determined through Detailed Feasibility Study; and
Viability Gap Financing means a grant one-time or deferred, provided under this Guideline with the objective of making a project financially viable.