SOW.docx

MCC Finance, Investment, and Trade

Tunisian Port Concession Valuation Analyst

STATEMENT OF WORK

A. Introduction

The Millennium Challenge Corporation (MCC) is a U.S. Government corporation whose mission is to provide assistance to support economic growth and poverty reduction in carefully selected developing countries that demonstrate a commitment to just and democratic governance, economic freedom, and investments in their citizens. For more information on the MCC please visit www.mcc.gov.

B. Scope

The MCC Finance, Investment, and Trade (FIT) practice group requires an independent consultant to estimate the commercial value of the proposed future container terminal concession at the Port of Rades in Tunisia. FIT works in tandem with the MCC Transport and Vertical Structures (TVS) practice group on the development of the Transport and Trade project for the overall business climate modernization compact in Tunisia. The Government of Tunisia (GOT) and leading labor union UGTT have identified state-owned enterprise and current terminal operator Societe Tunisienne d’Acconage et de Manutention (STAM) as a priority for reform and restructuring. Both STAM and the port authority Office de la Marine Marchande et des Ports (OMMP) have agreed to rationalize operations at the Port of Rades by segregating container and ro/ro operations. The vision is for STAM, to whom OMMP granted the original concession, together with a strategic partner to operate the newly dedicated container terminal. A key input into the GOT's being able to draft tender documents to attract a strategic partner, for example an international port operator, is the commercial valuation of the proposed newly separated container terminal. The goal is to structure a concession agreement that is mutually profitable for the GOT and the strategic partner.

C. Country

Tunisia, and any eligible MCC countries

D. Tasks and Deliverables

Tasks:

The duties of the consultant will include (but are not limited to) the following.

This solicitation seeks an infrastructure valuation expert with specific expertise in port valuation projects and port concession agreements. The independent consultant is expected to create revenues-costs models from the perspective of the GOT as well as the strategic partner. Using these revenues-costs models, the independent consultant will create a whole project revenues-costs model based on the traffic forecast model that will provide figures for estimating net cash flows to indicate potential project profitability. MCC will assist in providing GOT port financials as well as port traffic forecast models and labor rationalization plans recently conducted by a third party engineering consulting firm. The independent contractor is encouraged to program its valuation modeling in Excel taking into consideration lease and royalty fees, tariffs, other fees, and equipment. MCC requires the independent contractor to integrate a minimum of two case studies of ports in the Mediterranean in determining the commercial value of the proposed future container terminal concession. The individual consultant may be asked to conduct additional follow-up work.

Deliverables:

· Interim progress reports with draft spreadsheets, analysis, and other statistical data as requested by MCC COR/PM.

· Revenues-costs models from the perspective of the GOT.

· Revenues-costs models from the perspective of the strategic partner.

· Whole project revenues-costs model based on the traffic forecast model that provide estimated net cash flows to indicate potential project profitability.

· Minimum of two case studies of ports in the Mediterranean and their commercial valuations present as summarized reports.

· Other ad hoc reports and inputs, as requested by MCC COR/PM.

E. Period and Place of Performance

All work under this contract will be completed between effective dates of the contract award up to a six-month period. The ideal time for completion from contract award is two months.

The estimated level of effort is up to 320 hours per year with no anticipated travel. MCC anticipates this level of effort but does not guarantee this level of effort as it may increase or decrease.

The consultant will work from a home office and/or MCC headquarters in Washington, DC.

F. Time and Reporting

All formal communication with MCC, including spreadsheets and reports, will be submitted to the Contracting Officer Technical Representative (COR), Program Manager (PM), and other designated MCC personnel. The COR/PM for this requirement will be identified via separate correspondence.

The COR/PM will have technical responsibility for monitoring the contractor’s performance. The COR/PM will review and evaluate the contractor’s performance, and also will coordinate any communications with relevant counterparts and other donor agencies and organizations.

Any changes in the terms of the ToR will be made in writing and approved by the Contracting Officer. No representation of the COR/PM shall serve as a basis for an alteration in the general scope of this ToR or of the terms and conditions of the ToR unless confirmed in writing by the Contracting Officer. The contractor must communicate with the Contracting Officer on all matters that pertain to the Contract terms. Proceeding with the work without proper contractual coverage could result in nonpayment for that work.

G. Conflict of Interest

The Consultant will be precluded from bidding on work and services (design, assessment, construction and supervision) to be procured by the local MCAs accountable entity or using funds advanced under a Compact in the relevant country.

H. Subcontracting

Consultants, registered as vendors are authorized to subcontract data collection, data preparation, economic analysis, and related services as needed. The overall costs for subcontracting shall not exceed 25% of the consultant’s total negotiated unloaded direct labor cost.

I. Evaluation Criteria

Mandatory:

· Minimum of ten (10) years’ of experience in financial and economic modeling and preparing sensitivity analyses for the transport, infrastructure, and/or construction sectors.

· Minimum of two (2) years’ of experience in developing countries, preferably in the MENA region.

· Experience with port valuation projects and port concession agreements.

· Educational background in finance, economics, or similar.

· Fluency in English and proficiency in French.

Preferred:

· Advanced degree in finance, economics, or similar.

· Demonstrated ability to structure concession agreements to attract private sector participation.

· Experience in financial modeling in corporate finance or project finance environment.

· Fluency in French and/or Arabic.