Government of Timor-Leste looks to PPP agreement to realise major port development in Tibar Bay
The Government of Timor-Leste (GoTL) is inviting private sector participation to enter into a Public Private Partnership (PPP) agreement for the development of Tibar Bay Port.
In a statement, GoTL said, through its ministry of transport and communications, that it will conduct a “competitive bidding process to select a qualified and experienced investor/operator to design, build, co-finance, and operate the project”.
The International Finance Corporation (IFC), a member of the World Bank Group, is acting as Lead Advisor to GoTL on the structuring and tendering of the project as a PPP.
Prospective bidders have been requested to submit a written, yet non-binding, Expression of Interest (EOI) by September 5th to include a brief profile of the company or group highlighting relevant qualifications, experience and financial resources to pursue the project.
The formal tender documents will be announced in due course, with the GoTL and IFC providing further information on the project to parties that submitted an EOI before the September deadline.