Federal Ministry of Transport/Nigerian Ports Authority (NPA) in collaboration with Infrastructure Concession Regulatory Commission (ICRC)
Public Private Partnership (PPP) Project
Transaction Advisory Services For the Concession of Kirikiri Lighter Terminals 1 & 2
Request for Expressions of Interest
The Federal Government of Nigeria (FGN) has received a credit from the International Development Association (IDA) and intends to apply part of the proceeds of this credit to payments for the services of reputable and highly qualified Transaction Advisers for the concession of Kirikiri Lighter Terminals 1 & 2, Tin Can Island Ports, Apapa, Lagos, Nigeria through Public Private Partnership (PPP). The concession is being supported by the World Bank Group as part of its broader initiate to support Nigeria’s PPP programs.
The procurement of the concession will follow the National Policy on Public Private Partnership (PPP) published by Nigeria’s Infrastructure Concession Regulatory Commission (ICRC).
KLT 1 & 2 which are currently being managed by NPA were initially scheduled among the port terminals slated for concession to private operators in 2006 & 2007, but were later stepped down due to government proposal to develop the terminals for fishing purposes. However, the FGN is currently disposed to concession the facility to operators for a variety of possible uses to optimize the use of the terminals. The two terminals have quay walls with respective length of about 1000mtrs for KLT 1 and 760mtrs for KTL 2. Container stacking areas available are 26 and 16 hectares at KLT 1 and KLT2 respectively. The terminals are separated by a narrow channel with an initial draught estimated at 4.5 to 5m.
In the process of seeking the services of a Transaction Adviser to provide a broad scope advisory service for the concession of Kirikiri Lighter Terminals 1 & 2, the NPA hereby invites qualified Transaction Advisers to express interest in providing such services. The services to be provided include but not limited to the following:
- Preparation of Full Business Case, including PPP transaction structuring to complete project PPP development;
- Provide market trends that will confirm decisions on scope, structuring, and timing of transaction;
- Assist in designing and managing the procurement and evaluation process and support to the Project Delivery Team during the process;
- Readiness for market assessment;
- Support in project marketing;
- Organization and preparation, where necessary, of supporting documentation to be made available to bidders (including technical analysis);
- Preparation of Concession Agreement and Assistance in negotiating with one or more parties prior to contract award; and
- Management of other advisory inputs and overall management of the advisory team to ensure a successful transaction.
- Social safeguards and environmental issues
The Transaction Advisors may consist of a single firm or consortium of firms with the financial, legal, technical, PPP and other specialist expertise required to successfully bring the transaction to market and reach financial close. In the case of a consortium, the consortium, reach financial close. In the case of consortium, members must jointly identify one of the firms comprising the consortium as the Lead Transaction Adviser. The Lead Transaction Adviser will have primary responsibility for liaising with the Project Delivery Team and for managing the consortium’s advisory inputs as a whole. Firms comprising the consortium with specialized expertise in the finance and technical fields should be identified, respectively as Finance Transaction Adviser, Legal Transaction Adviser and Technical Transaction Adviser etc. International Advisers are encouraged to form partnerships with reputable Nigerian consulting firms
Submission of Expressions of Interest (EOIs)
Prospective Transaction Advisers should submit Expression of Interest detailing the following information as basis for pre-qualification:
- Profile of firm/consortium including ownership structure and role of each corporate entity with full contact details of each firm;
- Details of direct experience advising governments in the structuring of PPP transactions;
- Track record of successful closing of PPP concessions, particularly in the port sector;
- Description of roles played in at least five (5) PPP transport transactions closed in emerging markets during the past seven (7) years (at least one of which should be in the past three (3) years);
- Relevant experience in the port sector (including technical competence);
- Copies of unabridged financial reports for the last 3yrs
- Experience working in Nigeria and/or sub-Saharan Africa;
The Advisers will be selected in accordance with the procedures set out in the World Bank Guidelines: Selection and Employment of Consultants by World Bank Borrowers Revised May 2004, October 2006 and May 2010)
Expression of interest must be submitted in five (5) copies in a sealed envelope clearly marked “Expressions of Interest for Transaction Advisory Services FOR KLT 1 & 2”Concession. A CD-ROM version should also be included
The expressions of interests should be addressed and delivered not later than 3.00pm on Thursday, February 21th, 2013 at the following address:
Mr Habib Abdullahi
Nigerian Ports Authority
Lagos, Lagos State
Attention: Mr. J.Aganga
Interested applicants may obtain further information at the address above from 9.00am to 4.00pm, Monday through Friday (except public holidays) or from Mr Adamu Umar, Tel: 234-803-631-783; E-mail: email@example.com
Expression of Interest through electronic media will not be considered.
Only short-listed Consultants will be contacted.