SOLICITATION NOTICE
B -- B - SHANGHAI INFRASTRUCTURE FINANCE ADVISORY SERVICES PROJECT
- Notice Date
- 1/8/2003
- Notice Type
- Solicitation Notice
- Contracting Office
- United States Trade and Development Agency, TDA, USTDA, C/O US TDA 1000 Wilson Boulevard, Suite 1600, Arlington, VA, 22209-3901
- ZIP Code
- 22209-3901
- Solicitation Number
- Reference-Number-0230061C
- Archive Date
- 3/11/2003
- Point of Contact
- Evangela Kunene, Procument Data Manager, Phone 703-875-4357, Fax 703-875-4009,
- E-Mail Address
-
ekunene@tda.gov
- Description
- Proposal Submission Place: Mr. Chi Jianguo, Shanghai Water Services and Assets Operation and Development Co., Ltd. (SWAOD), 23/F Shanghai Overseas Chinese Mansion, 129 Yan An Xi Road, Shanghai 200040, P.R. China, Tel: (86-21) 6249-2000, Fax: (86-21) 6249-3000. POC Evangela Kunene, USTDA, 1000 Wilson Boulevard, Suite 1600, Arlington, VA 22209-3901, Tel: (703) 875-4357, Fax: (703) 875-4009. Shanghai Infrastructure Finance Advisory Services Project. The Grantee invites submission of qualifications and proposal data (collectively referred to as the "Proposal") from interested U.S. firms which are qualified on the basis of experience and assist Shanghai Water Services Assets Operation and Development Co., Ltd. (SWAOD) in developing a business plan, an investment strategy and a bond issuance program for the Shanghai Urban Environment Project (SHUEP). Over the past ten years, Shanghai has experienced extremely rapid economic growth. During the next decade, the city intends to expend major efforts to improve the environment. There is a need for China to commit to wide ranging economic, environmental, and political priorities, including local government authority to develop and implement environmental projects and to eventually borrow through corporate bond markets that can channel funding needs into the environmental sector. Shanghai officials estimate that over the next five years they will have to finance a minimum of RMB 40 billion (US$4.85 billion) in the water and wastewater sector alone. Both national and Shanghai municipal policy call for strictly limiting the amount of capital investment financed from the municipal budget in the form of contributed equity. Funding from this source is estimated at only RMB 6 billion (US$732 million). Multi-lateral and international donor agencies will provide loan funds to cover a small part of the remaining financing gap. However, the great bulk of financing will have to be raised from domestic non-state sources or the international private capital market. In broad terms, Shanghai is committed to raising non-state capital financing for the environmental sector through four basic strategies. Each of these strategies seeks to generate longer-term financing. The strategies include: 1) attracting equity investments, from both domestic and international investors, to finance new capital projects like wastewater treatment plants and water supply systems; 2) generating new capital to help finance new environmental projects through the sale of existing assets in the environmental sector; 3) borrowing from domestic commercial and development banks with the maturity of bank loans likely to be extended considerably; and 4) accessing the domestic capital market directly through the issuance of longer-term bonds. All of these financing options will be pursued by Shanghai during the SHUEP and are consistent with SHUEP policy objectives. The magnitude of financing that has to be raised makes it necessary to pursue all possible avenues of efficient access to financial markets. The development of a new enterprise/corporate bond will help finance a significant part of Shanghai's capital budget. Since financing in sufficient amounts is highly unlikely to be available from other sources, the use of the bonds for wastewater collection and treatment facilities and solid waste management facilities will be critical to improving environmental conditions in the heavily polluted city. The program could also stimulate fundamental financial reforms in the municipal sector of China as a whole. The bond issues could serve as a model for future bond financings by local government enterprises in other metropolitan regions to help finance environmental investment in a sustainable manner as well as to finance other types of investment. SWAOD seeks to hire a Contractor to develop a technical assistance for assistance in preparing a business plan, a debt management strategy, a capital investment program, an APL Bond Issuance program, as well as identifying policy issues in the financial development sector of China. The U.S. firm selected will be paid in U.S. dollars from a $498,500 grant to the Grantee from the U.S. Trade and Development Agency (USTDA). A detailed Request for Proposals (RFP), which includes requirements for the Proposal, the Terms of Reference, and a background desk study report are available from USTDA, at 1000 Wilson Boulevard, Suite 1600, Arlington, VA 22209-3901. Requests for the RFP should be faxed to the IRC, USTDA at 703-875-4009. In the fax, please include your firm's name, contact person, address, and telephone number. Some firms have found that RFP materials sent by U.S. mail do not reach them in time for preparation of an adequate response. Firms that want USTDA to use an overnight delivery service should include the name of the delivery service and your firm's account number in the request for the RFP. Firms that want to send a courier to USTDA to retrieve the RFP should allow one hour after faxing the request to USTDA before scheduling a pick-up. Please note that no telephone requests for the RFP will be honored. Please check your internal fax verification receipt. Because of the large number of RFP requests, USTDA cannot respond to requests for fax verification. Requests for RFPs received before 4:00 PM will be mailed the same day. Requests received after 4:00 PM will be mailed the following day. Please check with your courier and/or mail room before calling USTDA. Only U.S. firms and individuals may bid on this USTDA financed activity. Interested firms, their subcontractors and employees of all participants must qualify under USTDA's nationality requirements as of the due date for submission of qualifications and proposals and, if selected to carry out the USTDA-financed activity, must continue to meet such requirements throughout the duration of the USTDA-financed activity. All goods and services to be provided by the selected firm shall have their nationality, source and origin in the U.S. or host country. The U.S. firm may use subcontractors from the host country for up to 20 percent of the USTDA grant amount. Details of USTDA's nationality requirements and mandatory contract clauses are also included in the RFP. Interested U.S. firms should submit their Proposal in English and Chinese directly to the Grantee by 4:00 PM, local time, February 24, 2003 at the above address. Evaluation criteria for the Proposal are included in the RFP. Price will not be a factor in contractor selection, and therefore, cost proposals should NOT be submitted. The Grantee reserves the right to reject any and/or all Proposals. The Grantee also reserves the right to contract with the selected firm for subsequent work related to the project. The Grantee is not bound to pay for any costs associated with the preparation and submission of Proposals.
- Record
- SN00235802-W 20030110/030108213754 (fbodaily.com)
- Source
-
FedBizOpps.gov Link to This Notice
(may not be valid after Archive Date)
| FSG Index | This Issue's Index | Today's FBO Daily Index Page |