Expression Of Interest Are Invited For Png Green Affordable Housing Ppp Legal Consultant

Expression Of Interest Are Invited For Png Green Affordable Housing Ppp Legal Consultant The Consultant Will Be A Firm Assignment DescriptionPapua 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 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 Ifc Will Provide Transaction Advisory Support To The National Capital Development Commission 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 Also 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 To Support Ifc With The Engagement To Advise The Government On This Project Ifc Is Looking To Retain A Reputable Legal Consultancy Firm The Consultant To Provide Legal 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 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 Qualification Criteria 1 Provide Information Showing That They Are Qualified In The Field Of The Assignment 2 Provide Information On The Technical And Managerial Capabilities Of The Firm 3 Provide Information On Their Core Business And Years In Business 4 Provide Information On The Qualifications Of Key Staff MandatoryShortlisted Consultants Will Be Invited To Respond To A Request For Proposal Contract Awards Will Be Made In Accordance With The World Bank Group Procurement Policies And Procedures

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