Kenya Infrastructure Finance/PPP project

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The overall objective of Adaptable Program Lending for Infrastructure Finance and Public-Private Partnership Project for Kenya is to increase private investment in the Kenya infrastructure market across sectors and to sustain this participation over an extended period of time. There are four components to the project. The first component of the project is institutional support and regulatory reform. This component was established based on an assessment of needs and lessons learned from prior technical assistance projects in Kenya, particularly the Financial and Legal Technical Assistance Program (FLSTAP). The second component of the project is Public-Private Partnership (PPP) pipeline preparation. This component for US$20 million will assist the government of Kenya (GoK) in ensuring that the first projects to come before the PPP Steering Committee (PPPSC) and PPP Secretariat (PPPS) are well-prepared, 'bankable,' and take into account lessons learned from previous PPP projects, the privatization program in Kenya, and regional and international experience. The third component of the project is improvements to Fiscal Commitment and Contingent Liability (FCCL) risk management framework. This component for US$5 million will provide support and guidance to the Ministry of Finance (MoF) and other relevant agencies on the fiscal commitment and risk framework associated with infrastructure, with an emphasis on contingent liabilities from PPPs. The fourth component of the project is support for program management. This component for US$3.5 million may include equipment, operating costs, organizational and systems development, training, capacity building and technical assistance.