Section 2: The Preparation and Procurement Process

This Manual introduces a three-phase Privatization preparation process, with three major checkpoints. This process is based on recommendations made to NCP by the World Bank in 2017, and further reflects international best practice. These phases are as follows:

1. The First File "Pre- Feasibility Study".

2. The Second File "Partial Business Case".

3. The Third File "Full Business Case".

These phases are followed by the procurement phase, and subsequently, the Fourth File or "Final Business Case". Thereafter, provided the Fourth File is completed in accordance with the requirements of the Rules and this Manual, the privatization project will move on to contracting, financial and commercial closure. The preliminary privatization preparation process can be displayed below: