Request for Proposal For Development Of A Financing Vehicle With Local Government Unit(S) And Participating Financial Institutions To Fund Local Circular Economy Projects

Request for proposals are invited for Development of a Financing Vehicle with Local Government Unit(S) and Participating Financial Institutions to Fund Local Circular Economy Projects (Re-Tender) The purpose of the Green Economy Program in the Philippines (GEPP) is to support the Philippines transition towards a green economy, including circular economy, reducing waste and plastic, as well as to increase energy efficiency and renewable energy deployment to support climate change mitigation. The transition to circular economy will have other added benefits such as the reduction of use of energy and greenhouse gas emissions, improvement of biodiversity and natural capital, a decrease in pollution levels, as well as climate change adaptation among others. GGGI in partnership with International Finance Corporation (IFC) and Expertise Finance supports SO3 (enhancing engagement of the private and financial sectors into the circular waste economy creating better conditions for private sector investment by supporting business driven waste reduction strategies and circular solutions in the production process) to achieve three (3) Outputs: (1) Support the creation and growth of eco-enterprises for green/circular economy innovation and transformation. (2) Support for green infrastructure projects which engage local private sector actors in circular economy waste management. (3) Support to the financial sector for the allocation of green/circular economy-focused financing and acceleration of high-growth-potential innovative green/circular economy start-ups. To achieve the outputs above, GGGI is partnering with Expertise France to help increase the engagement of the private sector, particularly financial institutions, in the Philippines transition towards a green and circular economy. GGGI is responsible for implementing output 3 which consists of four key activities: 3.1 Development of a country level circular/green economy taxonomy/framework. 3.2 Technical assistance to financial institution(s) to better identify, assess, and finance circular/green economy projects and/or implement relevant financial product(s). 3.3 Development of a financing vehicle with local government unit(s) and participating financial institutions to fund local circular economy projects. 3.4 Investment mobilization and acceleration of high-growth potential green/circular economy startups. OBJECTIVE OF THE ASSIGNMENT: GGGI is seeking to engage a firm or a consortium of firms to develop a financing vehicle to support circular economy projects at the local level. This Activity is linked to Expertise Frances Activity A.1.2, Implementation of a capacity-building and financial assistance program to support circular economy business transformation. The overall objective of this combined approach is to create 1-2 circular economy clusters: supportive ecosystems which combine financial resources, policy support, and capacity building permitting MSMEs to unlock the potential of circular economy practices and contribute to local economic growth, environmental sustainability, and social well-being that integrates youth and gender inclusivity. The tender submission deadline is 8 November 2024, 16:00 pm KST (Korean Standard Time) / 15:00 pm PST. If any bidder has any request for clarification on the TOR or any part of the tender documents, GGGI will be happy to clarify if they are received on or before 7 days before the deadline (namely: if the tender submission deadline is 16:00 15 April KST, then the due date for submission of request for clarification is 16:00 8 April KST). PRE-BID CONFERENCE: The pre-bid conference for this RFP will be held virtually through Microsoft Teams. Date and Time shall be announced on the GGGI e-Green Procurement Portal Clarifications tab. To receive the e-invitation, please send the email addresses of the attendees through e-Procurement Portal (Correspondence Tab). Tender Link : https://in-tendhost.co.uk/gggi/aspx/Tenders/Current