Mixed-use complex PPP project in Cantonments

project in tender

The project involves the Design, Build, Finance, Market, Commercialize, Operate, Maintain and Transfer of a mixed-use complex over a defined period (the PPP duration). Securities and Exchange Commission (SEC) – regulator of Ghana’s securities industry – is seeking to develop an office accommodation for itself, under a Public-Private Partnership (PPP) Procurement Model. SEC is located at No. 30, 3rd Circular Road, Cantonments, Accra where it has operated out of a temporary facility for the past eight years. Based on a thorough assessment of SEC’s current accommodation and existing level of service, as well as a review of the Commission’s strategic objectives, a robust case has been made for a more long-term, permanent solution to SEC’s office accommodation needs – including an anticipated growth in staff of 85% at the Commission over the next five years. The project involves the following priorities: To maximize the space made available to SEC over the PPP duration as compensation for the use of its land to develop a Mixed-use Complex; To commercialize the Mixed-use Complex, that is in addition to SEC’s own office space, in order to generate income streams that are sufficient to cover the private partner’s cost of capital as well as a reasonable rate of return; To achieve energy savings, improved efficiencies and working conditions. To that end, the proposed Mixed-use Complex is intended to incorporate “green building” technologies, leveraging Leadership in Energy and Environmental Design (LEED) principles and adopting sustainability goals as part of the Mixed-use Complex’s minimum operating and maintenance performance standards Private Party Obligation -The private party recoups its investment, operating, and financing costs and its profit by charging members of the public a user fee (for example, a toll). Thus, a key feature is that the private party usually assumes the risk of demand for use of the asset, in addition to the risks of design, finance, construction, and operation. However, demand risk may be allocated in various ways; for example, the public authority may share the risk by underwriting a minimum level of usage. User charges may be either prescribed in the PPP contract or set by the concessionaire Concession Period- 25-30 Years

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