Tenders Are Invited For Png Green Affordable Housing Ppp Technical Consultant

Expression Of Interest Are Invited For Png Green Affordable Housing Ppp Technical Consultant Expression Of Interest Deadline 29 Aug 2019 At 11 59 59 Pm Eastern Time Washington D C Language Of Notice EnglishSelection NoticeAssignment Country Pg Papua New GuineaFunding SourcesThe World Bank Group Intends To Finance The Assignment Services Under Bb Bank Budget Tf0a5339 Dfat Png Partnership Ii Bd FundIndividual FirmThe Consultant Will Be A Firm Assignment DescriptionProject BackgroundPapua New Guinea Png Is Facing A Growing Challenge To Develop And Provide Adequate Affordable Housing Employment Opportunities And Access To Services In Cities Are Driving Factors For Rapid Rural To Urban Migration And Thus Increasing The Demand For Housing In Urban Areas However The Housing Market Has Failed To Respond To Growing Demand Which Has Resulted In A Substantial Shortfall Of Housing According To The National Capital District Commission Ncdc Over 45 Percent Of The Roughly 365 000 Residents Of Port Moresby Live In Informal Settlements Without Security Of Tenure Or Access To Basic Infrastructure Such As Water Sanitation And Power Overcrowding In These Informal Settlements Is Leading To Major Social Issues Including Crime Gender Based Violence And Social Unrest Poor Quality Construction Means The Residents Are Highly Exposed To The Risks Of Destructive Climatic Events Which Are Increasingly Prevalent In Png And The Rest Of The Pacific With Rural To Urban Migration And High Population Growth Rates Informal Settlements Are Growing Much Faster Than The Rest Of The City And Are Expected To Shelter 56 Percent Of The Population By 2030 To Keep Pace About 3 000 Affordable Dwellings Need To Be Built Every Year Over The Next Ten Years A Number Far Greater Than The Current Level Of Production Estimated At Less Than 50 Formal Housing Units Per Year Although Png Is One Of The Least Urbanized Countries In The World And Port Moresby Has Significant Amounts Of Unused Land Much Of This Land Is Currently Unavailable For Housing Because It Is Either Under Customary Tenure Or Owned But Unutilized By Various Government Agencies The Shortage Of Land Has Limited The Supply Of Formal Housing And Pushed Housing Prices Far Out Of Reach Of Most Households This Project Aims To Create A Market For Affordable Green And Climate Resilient Housing Through A Model Pilot Public Private Partnership Ppp Which Unlocks Government Land Leverages Government And Private Sector Contributions And Demonstrates A Model For Large Scale Affordable Housing Development To Reduce The Growth Of The Citys Informal Settlements Ncdc Has Identified Potential Sites Around Port Moresby For The Implementation Of Its Green Affordable Housing Program And Has Asked Ifc To Assist With Structuring A Ppp Transaction To Attract A Credible Private Developer With Construction Capabilities To Develop A Large Scale Housing Development Project DescriptionIfc Will Provide Transaction Advisory Support To The Ncdc For The Selection Of A Developer To Design Build Finance And Maintain The Green And Climate Resilient Housing Units For Low Income And Middle Income Households In Png The Project Will Be Structured As A Mixed Income Housing Project Comprising A Mix Of Single Unit Family Dwellings And Affordable Flats Constructed In G 2 3 Level Buildings To Encourage Greater Density Whilst Culturally Appropriate With Adequate Amenity Connectivity And With Due Regard To The Environment Profits Made On Single Unit Dwellings Marketed To Mid Higher Income Earners Will Be Used To Cross Subsidize The Price Of Affordable G 2 Flats For Low Middle Income Earners The Government Contribution Is Expected To Come In The Form Of A Combination Of Some Or All Of The Following A Land B Trunk Infrastructure And C Duty Tax Concessions For The Project The Aim Is That This Contribution Along With Project Structuring And Strong Competition Will Drive Prices Down To Affordable Levels As Part Of Its Transaction Advisory Support Ifc Will Undertake A Demand Assessment And Technical And Commercial Evaluation Ifc Will Assist In Structuring A Commercially Viable Model To Select A Private Sector Player To Develop The Project Ifc Will Undertake An Affordability Analysis And Examine Whether Any Enhancements Are Needed To Available Housing Finance Products To Increase Access To Finance To Low Income And Middle Income Households Consultant ProfileTo Support Ifc With The Engagement To Advise The Government On This Project Ifc Is Looking To Engage A Reputable Technical Consultancy Firm The Consultant To Provide Technical Advice And Assistance For The Implementation Of This Project The Consultant Should Have The Following Expertise And Competencies I In Depth Knowledge Of The Legal And Regulatory Environment In Png Particularly With Respect To Real Estate And Housing Finance Sector Ii Experience In Structuring Large Ppp Transactions Suggesting Public Policy Changes And Drafting Contractual Documents Under Ppp Arrangement In The Urban Development Sector In Developing Markets Experience In Png Would Be Advantageous Iii Experience In Advising National Or Sub National Entities On Large Ppp Transactions And Iv Experience In Affordable Housing Ppps Will Be Preferred The Consultant Will Provide Assistance To Ifc In All Legal Aspects Of The Project Including Detailed Legal Review Of Institutional Policy And Regulatory Frameworks Pertaining To The Affordable Housing Sector In Png Providing Inputs On The Transaction Structure Drafting Project Documents And Assisting With Responding To The Bidder And Client Queries Pertaining To The Bid Documents And On Related Matters The Consultant Will Be Required To Prepare A Legal Due Diligence Report The Report Detailing The Review Of Legal And Regulatory Issues And Risks And Suggesting International Best Practices That Could Be Incorporated In The Proposed Structure And Draft Bid Documents To Address Concerns Raised By Investors Lenders And Other Relevant Stakeholders

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