4.3  Important Notes related to the Viability Gap Fund and Government Guarantee during the Procurement Process

Government Support

 

•  Before Prequalification stage, the GCA shall file a request for granting initial determination of feasibility support, in accordance with the laws and regulations;

•  During bid stage, the Minister of Finance shall issue a principal approval letter on VGF support;

•  Once a tender winner has been selected, the GCA must submit the tender results to the Minister of Finance as the basis for the Minister of Finance to issue the final decision letter on VGF support.

 

Activities Related to Government Guarantee

 

•  Before project bidders submit their proposals, the GCA must ensure that BUPI has issued the approval in principle, in the form of a Letter of Intent based on the results of BUPI's evaluation.