Avis à manifestation d’intérêt pour le Recrutement d’un Consultant chargé des investissements d’infrastructures, Abidjan, Côte d’Ivoire
AFRICAN DEVELOPMENT BANK
REQUEST FOR EXPRESSIONS OF INTEREST
(Individual Consultant)
Infrastructure / PPP Finance Consultant
Infrastructure and Urban Development Department
Non-Sovereign Infrastructure Operations Division
- The Non-Sovereign Operations Infrastructure Finance Division (PICU4) of the Infrastructure and Urban Development Department (PICU) of the African Development Bank is dedicated to the origination, structuring, and execution of non-sovereign infrastructure projects mainly in the transport and urban development sectors. In addition to project finance, the division also provides direct support to corporate entities and projects through equity investments through specialized intermediaries such as private equity and venture capital funds.
- The Bank is seeking a seasoned Consultant who has strong experience in project finance and infrastructure PPP to support the Non-Sovereign Operations Infrastructure Finance Division, to identify new investment opportunities and execute infrastructure transactions. The Bank intends to recruit one or two consultants for this assignment.
- The services to be provided under the assignment include: (i) Participate in the identification, development, structuring and processing of PPP projects to be considered for private sector financing, undertaking the needed due diligence, risk analysis and mitigation work towards the structuring of loans (project finance and corporate loans), equity investments, guarantees or other forms of assistance; (ii) Develop innovative and appropriate financial structures for complex transactions; (iii) Participate in due diligence missions and provide technical support in negotiations with project developers, sponsors, and financiers to facilitate the financial closing of transactions and implement projects; (iv) Participate in specific transaction meetings with external technical advisors, consultants and lawyers; (v) Review and analyze financial statements and financial projections/models; perform sensitivity analysis and stress testing and make necessary recommendations; (vi) Understand and assess key project documents, including Concession Agreements, EPC Contracts, O&M Agreements, Investment Agreements, Shareholders’ Agreements etc.; (vii) Have a good understanding of project and concession financing, tendering processes, policy issues, license conditions and collaborate on these matters as appropriate with sector policy specialists and government regulators and officials; (viii) Manage the drafting of project documents including preliminary evaluation notes, project concept notes, project issues lists, project appraisal reports and other briefs for presentation of transactions to country team, credit committee, operational committee, Board of Directors and other meetings; and (ix) Lead in the negotiation of finance documents towards closing and disbursements of funds as a Mandated Lead Arranger (MLA).
- The Non-Sovereign Operations Infrastructure Finance Division invites Individual Consultants to indicate their interest in providing the above-described services. Interested Consultants shall provide information on their qualifications and experience demonstrating their ability to undertake this Assignment (CV, reference to similar services, experience in similar assignments, etc.).
- The duration of the assignment is initially 6 months (can be renewed subject to the performance of the initial period). The consultant will work out of his/her own premises and will travel on mission to Abidjan or other locations for activities necessitating his presence as may be required. Possible starting date of this assignment is mid December 2022 or January 2023 (negotiable).
- The eligibility criteria, the establishment of a short list and the selection procedure shall be in conformity with the Rules and Procedure for Acquisition of Consulting Services funded by the Administrative or Capital Expenditure Budget. Please note that interest expressed by an individual does not imply any obligation on the part of the Bank to include him/her in the shortlist.
- A shortlist of four to six individual consultants will be established at the end of the request of expressions of interest. The consultants on the shortlist will be judged on the following criteria based on their updated resume.
| a) | General qualifications and adequacy for the assignment to be undertaken | 20% |
| b) | Similar experience in the area of expertise of the assignment and | |
| demonstrated understanding of the TOR | 50% | |
| c) | Experience with investment banks, AfDB, and/or multilateral donors | 20% |
| d) | Language proficiency | 05% |
| e) | Knowledge of the African region | 05% |
- Interested Individual Consultants may obtain further information at the addresses below during the Bank’s working hours from 09:00 to 17:00 hours.
- Expressions of interest must be received by email at the addresses below no later than December 7th, 2022, at 17h00 local time (Abidjan, Côte d’Ivoire) and specifically mentioning EOI: NSO Infrastructure Investment Officer Consultant – in the subject line of the email.
For the attention of:
Mr. Marco Yamaguchi Division Manager, PICU4 African Development Bank E-mail: m.yamaguchi@afdb.org
With copy to:
Mr. Ekow Coleman E-mail: e.coleman@afdb.org
Ms. Geraldine Wilson E-mail: g.wilson@afdb.org
AFRICAN DEVELOPMENT BANK
TERMS OF REFERENCE
Infrastructure / PPP Finance Consultant
(Individual Consultant)
Infrastructure and Urban Development Department (PICU)
Non-Sovereign Operations (NSO) Infrastructure Finance Division
BACKGROUND
The Non-Sovereign Operations (NSO) Infrastructure Finance Division (PICU4) of the Infrastructure and Urban Development Department is dedicated to the origination, structuring, and execution of non-sovereign infrastructure projects mainly in the transport and urban development sectors. In addition to project finance, the division also provides direct support to corporate entities and projects through corporate loan and equity investments.
Due to increasing amount of transactions and business opportunities to deal with, the Non-Sovereign Operations Infrastructure Financing Division wishes to hire a consultant with more than 15 years-experience in project finance and infrastructure PPP to identify new investment opportunities and execute infrastructure transactions.
SCOPE OF THE ASSIGNMENT
The services to be provided under the Assignment include:
- Participate in the identification, development, structuring and processing of PPP projects to be considered for private sector financing, undertaking the needed due diligence, risk analysis and mitigation work towards the structuring of loans (project finance and corporate loans), equity investments, guarantees or other forms of assistance;
- Develop innovative and appropriate financial structures for complex transactions;
- Participate in due diligence missions and provide technical support in negotiations with project developers, sponsors, and financiers to facilitate the financial closing of transactions and implement projects;
- Participate in specific transaction meetings with external technical advisors, consultants and lawyers;
- Review and analyze financial statements and financial projections/models; perform sensitivity analysis and stress testing and make necessary recommendations;
- Understand and assess key project documents, including Concession Agreements, EPC Contracts,
- Have a good understanding of project and concession financing, tendering processes, policy issues, license conditions and collaborate on these matters as appropriate with sector policy specialists and government regulators and officials;
- Manage the drafting of project documents including preliminary evaluation notes, project concept notes, project issues lists, project appraisal reports and other briefs for presentation of transactions to country team, credit committee, operational committee, Board of Directors and other meetings; and
- Lead in the negotiation of finance documents towards closing and disbursements of funds as a Mandated Lead Arranger (MLA).
PROFILE OF THE CONSULTANT
At least 15 years prior experience in project finance and infrastructure PPP to support the Infrastructure Non Sovereign Operations Division, to identify new investment opportunities and execute infrastructure transactions.
QUALIFICATION AND EXPERIENCE REQUIRED
- Master’s degree in Business Administration, Finance, Public Policy, Economics Engineering or a professional qualification such as Chartered Financial Analyst or Certified Public Accountant
- Have a minimum of 15 years relevant experience in financial structuring in the transport value chain gained from working within a commercial/investment bank, development finance institution, infrastructure/private equity fund, or advisory firm. Working experience for AfDB’s NSO origination team with a good knowledge of project processing is a strong plus.
- Proven ability to identify, process, negotiate, and reach financial close on complex transactions in the transport sector from a private sector standpoint, including public sector participation, in particular related to transport Public Private Partnership (PPP) projects. Specific transactions and role played by the candidate should be evident.
- Proven knowledge of the transport sector in the African context and demonstrated familiarity with transport private and PPPs on the continent
- Proven experience of processing project finance transactions (at least 5 transactions processed, as specifically evidenced)
- Proven ability of clearing transactions through decision-making committees (Investment Committee, Board of Directors, etc…)
- Proven ability to lead and coordinate the structuring or projects involving public and private sector
- Demonstrated ability to review and understand complex financial models; proven ability to construct financial models from scratch would be strong bonus
- Proven ability to lead and coordinate the structuring or projects involving public and private sector
- Experience working with the Bank or similar sister Development Finance Institutions
- Communicate and write effectively in English or French, with a good working knowledge of the other language (e.g. Portuguese and Arabic)
- Excellent organizational, administrative, and time management skills with proven ability to work promptly and efficiently under pressure and meet tight deadlines;
- Willingness to travel;
DURATION
The duration of the assignment is initially 6 months (can be renewed subject to the performance of the initial period). The consultant will work out of his/her own premises and will travel on mission to Abidjan or other locations for activities necessitating his presence as may be required. Possible starting date of this assignment is mid December 2022 or January 2023 (negotiable).
DELIVERABLES & REPORTING
- The Consultant will work under the supervision of the Manager, NSO Infrastructure Finance Division. The Consultant will be required to prepare:
- Various Reports or briefs to promote / support the business development activities
- Monthly progress reports outlining the activities that the consultant undertook
- Final report at the end of contract outlining all activities undertaken during the contract period.
- At the close of the assignment the performance of the consultant will be evaluated based on the following criteria:
- Professional competence
- Quality of Deliverables
- Reliability
- Communication skills