Tunisia-Italy Power Interconnector - Project Preparation TA

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The development objective of Tunisia-Italy Power Interconnector Project Preparation Technical Assistance is to establish the technical, environmental, social and financial feasibility, and to help structure the project. This project has three components. 1) The first component, Preparation Studies, has the following studies, for the development of the financial model for the financial viability of the project: (i) Terrestrial Survey Feasibility Study; (ii) Marine Survey Feasibility Study; (iii) Network Study; (iv) Market Study (European Investment Bank financed and executed); and (v) Environmental and Social Impact Study. 2) The second component, Transaction Advisory Services, aims to create provision of commercial, legal, financial, technical and transaction advisory services for the carrying out of the following activities including: (a) identifying the most appropriate commercial and regulatory structure for the future implementation of the project; (b) establishing the project vehicle and drafting any necessary secondary legislation, contracts and codes; (c) supporting the transaction design, including ownership and governance arrangements for the interconnector, the approach to procurement and the regulatory framework for the provision of access to the interconnector and charging for its use; and (d) carrying out negotiations with potential sponsors (including assessing their equity), as well as liaising with private providers and other development financial institutions, to maximize financing for the project. 3) The third component, Project management, aims to create provision of support for the implementation, monitoring and evaluation of the project.