Infrastructure Project Development Facility team briefs Finance Minister on professional development work

Islamabad, February 17, 2014 (PPI-OT): The management team of Infrastructure Project Development Facility (IPDF: Company) today briefed Finance Minister on its mandate, professional functioning and operations viz-a-viz assisting various GOP organizations in developing their infrastructure-based development projects under public-private partnership model (PPP).

The Minister was briefed that IPDF was launched more than 6-7 years back to act as a bridge between public and private sector by facilitating technical support to their sector-specific development facilities. It was added that IPDF is charged with the responsibility to prepare PPP transactions, undertake feasibility studies for the projects through in-house technical support.

Moreover, it develops financial models and prepares tender documents which include concession agreements. The IPDF management elaborated that it additionally attracts investors’ solicitation through investor conference and road shows, besides undertaking detailed contract negotiations.

The Minister appreciated the professional development work of IPDF and directed that in future all IPDF professional development activities offering services to other GOP organizations be routed through Ministry of Finance under specially designed standard operating procedures (SOPs).

The IPDF management briefed the Minister on its recent initiatives on BOT-based projects which included rehabilitation and modernization of M-2, M-9 and widening of carriage way at Tarnol. Minister directed IPDF management to separately brief him on execution details of M-9 project.

The IPDF management further briefed the Minister that it is assisting KPK’s Provincial Hydro Development Organization (PHYDO) in executing hydel power projects on PPP model. Moreover, it is assisting AEDB in execution of small alternate energy projects – again on PPP model.

The IPDF concluded its briefing to the Finance Minister by stating that it also is assisting Ministry of Water and Power in technically evaluating the investment proposals relating to Gaddani Power Park which included building of 1200KM of transmission lines from Gaddani to Lahore and developing deep sea jetty.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326
Email: piopid@gmail.com