PROJECTS/ CONCEPTS BEING REVIEWED FOR DEVELOPMENT AS PPPS
The Development Bank of Jamaica is aware of the following projects which are being assessed for development as PPPs by Ministries, Departments and Agencies (MDA). As new projects are progressively identified by the MDAs and brought to the PPP Units, these will be added to this list of PPPs under development:
AS AT August 15, 2017
|Northern Parishes Water Supply
National Water Commission
|The NWC is seeking to increase its water supply capabilities to meet the needs of a number of tourism and housing developments planned for the northern parishes of Jamaica.||Pre-feasibility study has been completed. Further assessment is underway to determine the best structure that would allow the NWC to meet its objective.|
|Milk River Spa and Bath Fountain Hotel and Spa
Ministry of Tourism
|The MOT is exploring the option to engage a private investor to pursue the development of both entities and to utilize the resources to develop spa related products.||Feasibility study has been completed and the recommendations are being considered by the Government to determine the optimal PPP modality.|
|Caymanas Special Economic Zone
Ministry of Economic Growth & Job Creation
|The Government has developed an integrated policy framework for the operation of Special Economic Zones (SEZ), recognizing PPPs as critical to their successful implementation. The greenfield site slated for the CSEZ consists of 1,400 acres (566.56 hectares) of land owned by UDC in the parish of St. Catherine.||
Consultant had submitted the Inception report report for ET’s review on the feasibility of the transaction and optimal transaction strategy.
Solid Waste Management Reform PPP Project
National Solid Waste Management Authority (NSWMA)/ Ministry of Local Government and Community Development (MLGCD)
The Government of Jamaica, through the MLGCD, is seeking to develop a comprehensive solid waste management (SWM) programme which would over time, allow the NSWMA, to focus on being a regulator rather than an operator.
The SWM programme would provide opportunities for private sector investments, via public-private partnerships (PPP), to enhance the overall SWM service quality. The reformed SWM programme will give consideration to maximizing municipal waste collection, waste sorting, recycling, waste to energy, recovery and reduction of waste going to landfills; moving gradually to minimum waste, while safeguarding the socio-economic needs of citizens in the surrounding communities and improving the quality of life and public health in general.
underway to identify options for implementing the project.
At the Project Identification Stage:
The objective is to find those assets and services, existing or planned, where value for money could possibly be increased if they were done as PPPs. Subject MDAs are required to identify and scope potential projects and submit them to the PPP Unit for screening. The projects identified by the MDA will be screened against the agreed PPP criteria by the DBJ and MoFP PPP Units. The project is officially recognised as a GoJ PPP Project when it:
- Meets the PPP Criteria
- Is approved for development by the Cabinet or other relevant body assigned with that responsibility
Preliminary Screening and Evaluation means that the DBJ and MoFP PPP Units have received the preliminary project proposal and are evaluating it for compliance with the PPP criteria. The project proposal must identify at a high level, supported by assumptions and independent evidence where necessary, that the project is viable and suitable for development as a PPP. It is expected that the MDA would also have conducted preliminary discussions with the MoFP Public Expenditure Division (MFPED)/ Public Investment Management System (PIMS) Secretariat regarding project affordability and incorporation into the Public Sector Investment Programme.
All PPP projects must meet four (4) main criteria:
- Viability – the project makes sense, in that it is effective in meeting government objectives, technically and legally feasible, environmentally compliant, socially sustainable, and economically viable
- Achieves value for money – procuring the project as a PPP will provide greater net benefit than conventional public procurement
- Marketability – there are qualified private parties available to do the project and the project is expected to provide a commercial rate of return sufficient to attract such parties and create competitive tension
- Fiscal responsibility – the project’s cost to government is in line with fiscal priorities, and project risks retained by the government would not be fiscally destabilising.