Enhancing Public-Private Partnership Project Development through Legal Support for ADB Transaction A (ADB-49271-001)

Regions
  • East Asia and Pacific
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Apr 28, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Regional: Asia Pacific
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 1.30 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 1.30 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Dec 22, 2017

Disclosed by Bank May 13, 2016


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Project Description
According to the bank website, the TA will focus on providing specialist legal support for TAS transactions. Activities of legal nature which typically form part of OPPP's TAS include (but are not limited to) legal due diligence, risk allocation, transaction structuring, drafting of bid documents including instructions to bidders, concession agreement, and others, and negotiating with potential bidders on transaction terms. The outputs will focus on information needed by the DMC client to develop bankable PPP projects. Based on the initial size and term of the TA and the costs of hiring from a limited pool of international law firms with the highly-specialized experience in project finance and PPP, including in the developing markets, it is expected that the TA can support one to two TAS transactions. In most cases, ADB will require support from an international law firm and a local law firm (although in most cases, ADB will rely on the international law firm to recruit and select its local law partner depending on the jurisdiction). This TA focuses on legal consultants and firms because in a typical TAS mandate, the majority of consultant costs will come from the international law firm, thus additional financial support is needed.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main