Federal Ministry of Works
Headquarters, Mabushi-Abuja
Request for Expression of Interest for Financial Advisory Services on Alternative Funding of Federal Highway Projects
1. Introduction
The Federal Ministry of Works intends to diversify its sources of funding Federal Highway projects by taking advantage of the pool of investible funds within the banking, pension and asset management sub-sectors of the economy. The Ministry intends to investigate the process of issuance of long-term bonds and applying the proceeds of the bonds to implement action on on-going and proposed Federal Road and Bridge projects as alternative funding scheme for construction and rehabilitation.
2. Scope of Works
Interested National and International reputable Consultancy firms including Commercial Banks and other Financial Institutions are invited to submit Expression of Interests (EOIs) that will lead to the short-listing of eligible firms or institutions for the underwriting of Long-Term Bond financing on the followings:
| S/No. | Tasks |
| 1 | Develop a financing plan consistent with the programmatic objectives |
| 2 | Make recommendations as to structural components of the financing including recommendations as to maturities and couponing of the bonds |
| 3 | Assist with all regulatory filings and approvals from statutory bodies, including a potential shelf registration |
| 4 | Perform functions to facilitate the marketing and sale of the bonds |
| 5 | Assist in the development, preparation, review and distribution of preliminary and final bond offering documents |
| 6 | Prepare and present information to rating agencies and investors |
| 7 | Advise the FMW as to the most effective marketing strategy for die bond sales |
| 8 | Provide information on market conditions including investor demand and prevailing Interest rates |
| 9 | Assist in the marketing, sales and closing of any bond issued |
| 10 | Advise the FMW as to the timing of the sale and the price of the bonds |
| 11 | Provide information on orders and allotments |
| 12 | Prepare a pricing book subsequent to the sale of the bonds |
| 13 | Perform other services as may be requested |
3. Eligibility
The Expression of Interests (EOIs) from prospective consulting firms or institutions shall be accompanied by the following documents:
i. Certificate of Incorporation with Corporate Affairs Commission (CAC) and evidence of Annual Returns filings to CAC (for Nigerian firms only)
ii. Company’s Audited Accounts for the past three years
iii. Current Tax Clearance Certificate for the past 3 years: 2008, 2009, 2010 with TIN No. and VAT Registration with proof of Remittance (for Nigerian firms only);
iv. Proof of registration with the National Pension Commission (PENCOM) and evidence of remittance of employees pension Contribution/deductions;
v. Full name and nationality (country of registration) of the company and contact person, postal address, telephone number(s) and e-mail address (for International Firms);
vi. Curriculum Vitae of individual consultants/staff who will be assigned to the
requested service(s), including qualifications, individual experience in handling assignments and attestation of availability:
vii. Summary of similar projects/ assignments executed or under execution by the firm. This should include brief descriptions of the role played in the execution of the assignment;
viii. An undertaking that the company is not in receivership/ bankruptcy and that non of the Directors has been convicted for any criminal offence relating to fraud, financial impropriety misrepresentation or falsification of facts.
4. Submission of Expression of Interests (EOIs)
The Expression of Interests (EOIs) must be submitted in three (3) copies including one (1) original in a sealed envelope clearly marked “EXPRESSION OF INTEREST FOR FINANCIAL ADVISORY SERVICES ON ALTERNATIVE FUNDING OF FEDERAL HIGHWAY PROJECTS’ addressed and hand-delivered on or before 20th June 2011 by 4:00 pm to:
The Secretary, Ministerial Tenders Board, Public Procurement
Federal Ministry of Works, Headquarters, Mabushi, Abuja- Nigeria.
Important Information
Only short-listed firms will be invited to collect the Request for Proposal (RFP) for the Project. Interested firms may obtain further information on the project from: The Director of Public Procurement, Federal Ministry of Works, Mabushi – Abuja.
Signed:
Permanent Secretary
