7.1 The Procedures for Identification Phase as set out in Chapter 2 of the PGP 2016, which provides the process for the identification of projects to be delivered on a PPP basis, the opinion of the PPP Authority and the in-principle approval of the CCEA shall apply under this Policy. The PPP Authority or the Contracting Authority may identify a Project that has received in principle approval to be developed on the basis of this Policy or they may identify a project that has not received or been processed for in principle approval.
7.2 A feasibility study of the PPP Project shall be carried on the basis of the arrangements set out under the G2G Framework Agreement/ Memorandum of Understanding and/or as set out in the Chapter 3 of the PGP 2016, the Procedures for Development Phase.
7.3 The decision to implement a PPP Project on a G2G Partnership basis may be taken at any time before the bidding phase has commenced with the issuing of an invitation for bid or request for qualification by the Contracting Authority. Once the bidding phase has started the PPP Project may not be considered for implementation on the basis of this Policy unless the bidding phase has been completed unsuccessfully.
7.4 The process for selecting the investor and developing, negotiating and agreeing the terms and conditions of the PPP Contract and project documents for implementation and delivery of the PPP Project shall be as set out in the G2G Framework Agreement/Memorandum of Understanding.
7.5 The delivery of the PPP Project shall be carried out by the Project Company as per the terms of the PPP Contract.
7.6 Upon completion of the negotiation with the investor the Procedures for Approval and Award Phase, as set out in Chapter 5 of the PGP 2016, which provides for the process of Final Approval by the CCEA and the issuance of a Letter of Award to the Preferred Bidder, shall apply under this Policy.
7.7 On issuance of the Letter of Award and the signature of the PPP Contract, the terms and conditions provided under the PPP Contract shall govern the development and implementation of the PPP Project.
7.8 For this Article, "Preferred Bidder" means the Investor with whom the Contracting Authority has agreed the terms and conditions of the PPP Contract for a PPP Project under the G2G Framework Agreement/ Memorandum of Understanding.