Upcoming PPP projects face delays but are not cancelled
Egypt’s PPP Central Unit says tenders for its upcoming public-private partnership (PPP) projects will continue on an adjusted schedule.
In an email addressed to bidders, Rania Zayed, director of the PPP Central Unit, said the projects scheduled to be issued in 2011, include the Alexandria hospitals tender, Abou Rawash wastewater treatment plant, 6th October City wastewater treatment plant and Rod el-Farag highway.
The statement also sought to reassure equity providers. “As a sign of goodwill, the government is committed to making available all the necessary guarantees to the equity providers participating in the PPP programme tenders through international and local institutions, in addition to risk mitigations mechanisms against the risks facing the investors under the current circumstances,” says Rania.
“We are moving ahead with tendering procedures as planned. The timetables set in the tender documents will be adjusted accordingly, and will inform you officially, prior to bid submission deadline with enough time, with the risk mitigation mechanisms suggested by the government to enable proper price structuring.”
The PPP Central Unit, which is part of the Finance Ministry, returned to work on 6 February. Meanwhile, protests calling for President Hosni Mubarak to step down continue in the streets of Cairo.
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