Stage 2 – Feasibility & Substantiation Study

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ONLINE GUIDE
PPP TESTING
PORTAL
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- English

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PPP Testing
Stage 2 – Feasibility & Substantiation Study

EN_Stage 2 - Feasibility & Substantiation Study

Project name:

Contracting authority:

Stage 2 - Feasibility & Substantiation Study

Part A: Project Characteristics

A.1 The project is an eligible public infrastructure or service under the responsibility of the government (pass/fail criteria)

The project is not an eligible infrastructure or service under the responsibility of the government.

The project is an eligible infrastructure or service under the responsibility of the government.

A.2 The contracting authority has the legal authority to enter into a PPP contract (for a project of this nature) (pass/fail criteria)

The contracting authority does not have the legal authority to enter into a PPP contract (for a project of this nature).

The contracting authority does have the legal authority to enter into a PPP contract (for a project of this nature)

A.3 Is the capital expenditure required for the project expected to exceed Euro 20 million? (pass/fail criteria)

The capital expenditure required for the project is expected to be lower than EUR 20 million.

The capital expenditure required for the project is expected to exceed EUR 20 million.

A.4 Can design, construction, and maintenance be integrated to achieve life cycle optimisation?

Design, construction, and maintenance of the project cannot be integrated, meaning no cost optimisation can be achieved by integrating the activities.

Design, construction and maintenance of the project can only partially be integrated, meaning some optimisation can be achieved by integrating the activities.

Design, construction and maintenance of the project can be largely integrated, meaning substantial optimisation can be achieved by integrating the activities.

Design, construction and maintenance of the project can be fully integrated, meaning full optimisation can be achieved by integrating the activities.

A.5 Is the contracting authority sufficiently comfortable that the dominant purpose and service requirements of the asset will remain unchanged during the term of the PPP project?

The service requirements of the project are expected to change rapidly during the term of the PPP project.

The service requirements of the project are expected to change periodically during the term of the PPP project.

The service requirements of the project are expected to remain relatively stable during the term of the PPP project, but some minor changes can be expected.

The service requirements of the project are expected to remain unchanged during the term of the PPP project.

A.6 Is the contracting authority able to estimate CapEx and OpEx reliably for the entire duration of the PPP project?

CapEx și OpEx nu pot fi estimate cu încredere pentru întreaga durată a proiectului de PPP.

CapEx și OpEx pot fi estimate cu încredere numai parțial pentru întreaga durată a proiectului de PPP.

CapEx și OpEx pot fi estimate cu încredere în mare parte pentru întreaga durată a proiectului de PPP.

CapEx și OpEx pot fi estimate cu încredere pentru întreaga durată a proiectului de PPP.

A.7 Is it clear that it is not more beneficial to extend an existing public service to include the envisioned project scope?

An existing public service can be easily extended to include the envisioned project scope.

An existing public service can be estended to include the envisioned project scope, but additional investment would still be required.

Extending an existing public service to include the envisioned project scope would require significant additional investments.

No existing public service can be extended to include the envisioned project scope.

A.8 Can the project be procured as a PPP in a realistic timeframe?

The PPP cannot be procured within the timeline that would be required for the project to be operational.

The PPP can potentially be procured within the timeline that would be required to meet the target operational readiness date, but only if the procurement process takes no more than 1 year.

The PPP can potentially be procured within the timeline that would be required to meet the target operational readiness date, but only if the procurement process takes no more than 2 years.

The PPP can easily be procured within the timeline that would be required for the project to be operational.

A.9 Will the technology and technical methods of realising, maintaining and operating the project remain stable over the envisioned contract period?

The technology and technical methods needed for the project are expected to change rapidly during the contract period.

The technology and technical methods needed for the project are expected to change somewhat during the contract period.

The technology and technical methods needed for the project are expected to remain relatively unchanged during the contract period.

The technology and technical methods needed for the project are mature and are not expected to change during the contract period.

Part B: Private Actor Characteristics

B.1 Can the private party be expected to have easier or superior access to design and/or contracting and/or maintenance skills/experience compared to the contracting authority?

The contracting authority is expected to have significant superior access to design and/or contracting and/or maintenance skills/experience to deliver the project.

The contracting authority is expected to have easier access to design and/or contracting and/or maintenance skills/experience to deliver the project.

The private party is expected to have easier access to design and/or contracting and/or maintenance skills/experience to deliver the project.

The private party is expected to have significant superior access to design and/or contracting and/or maintenance skills/experience to deliver the project.

B.2 Is the long-term PPP performance based contractual structure likely to incentivise the private party likely to provide superior quality than what is typically provided in non-PPP projects? Put differently: is the reality of the non-PPP solution that over the lifetime of the project the quality is in practice typically deteriorating?

The private party is likely to provide worse quality than what would be expected in a non-PPP project.

The private party is likely to provide similar quality to what would be expected in a non-PPP project.

The private party is likely to provide somewhat better quality than what would be expected in a non-PPP project.

The private party is likely to provide significantly better quality than what would be expected in a non-PPP project.

B.3 Have financial institutions provided long-term project finance previously to a similar project? Or is there other evidence that financial institutions have the capability and willingness to provide long-term project finance to the PPP project?

No financial institutions have previously provided long-term project finance to a similar project and no financial institutions have the capability and willingness to provide long-term project finance to the PPP project.

No financial institutions have previously provided long-term project finance to a similar project but there seems to be some capability and willingness to provide long-term project finance to the PPP project.

Financial institutions have previously provided long-term project finance to a similar project; Or: There is growing capability and willingness from financial institutions to provide long-term project finance to the PPP project.

Financial institutions have previously provided long-term project finance to multiple similar projects; Or: There is significant capability and willingness from financial institutions to provide long-term project finance to the PPP project.

B.4 Is there evidence that bidder (contractor, operator and investor) interest in the project will be strong?

No potential bidders (contractors, operators, investors) are likely to be interested in the project.

Only very few potential bidders (contractors, operators, investors) are likely to be interested in the project.

Multiple potential bidders (contractors, operators, investors) are likely to be interested in the project.

A large number of potential bidders (contractors, operators, investors) are expected to be interested in the project.

Part C: Public Actor Characteristics

C.1 Is the contracting authority sufficiently convinced of the importance of and potential to generate VfM through the application of PPP?

The contracting authority is not convinced of the importance of and potential to generate VfM through the use of PPP.

The contracting authority is hesitant on the importance of and potential to generate VfM through the use of PPP.

The contracting authority is somewhat convinced on the importance of and potential to generate VfM through the use of PPP.

The contracting authority is fully convinced on the importance of and potential to generate VfM through the use of PPP.

C.2 Is there political support for this project to be realised as a PPP?

There is no political support at all for the project to be realised as a PPP.

There is limited political support for the project to be realised as a PPP.

There is sufficient political support for the project to be realised as a PPP.

There is clear and unambiguous political support for the project to be realised as a PPP.

C.3 Are the interests of the key stakeholders in the project’s success sufficiently aligned to realise the project as a PPP?

The interests of key stakeholders in the project are not at all aligned to realise the project as a PPP.

The interests of key stakeholders in the project are only partially aligned to realise the project as a PPP.

The interests of key stakeholders in the project are sufficiently aligned to realise the project as a PPP.

The interests of key stakeholders in the project are fully aligned to realise the project as a PPP.

C.4 Does the contracting authority have sufficient and available qualified staff and/or have the resources to hire appropriately experienced advisors to develop functional specifications for all phases of the project?