public private partnership in npis
TRANSCRIPT
Public Private
Partnership in NPIS
THE JAMAICAN SYSTEM
PIMS in Jamaica
The Public Investment Management System (PIMS) is a common framework for the :
preparation
appraisal
approval
management
of all Government projects in Jamaica, irrespective of the source of funding or procurement and implementation modalities.
PIMS in Jamaica
Management of PIMS
• Principal stakeholder in the PIMS
• Key role player
PIMS in Jamaica
Management of PIMS
• The Development Bank of Jamaica is mandated with the management and implementation of GOJ’s Public Private Sector Partnership (PPP) Policy.
PIMS in Jamaica
Management of PIMS
• The Public Private Sector Partnership (PPP) development process has been fully integrated with the PIMS.
PIMS in Jamaica
Management of PIMS
• PPP modality or Not?
PIMS in Jamaica
Framework for PIMS
• No public investment project will be “pre-determined” for
development as a PPP without such preliminary assessment
and designation by the PIMC based on the technical advice
of the PIMSEC.
PIMS in Jamaica
Framework for PIMS • PIMSEC serves as the point of entry for all Public Sector investment projects seeking to be programmed in the budget through the Public Sector Investment Programme.
PIMS in Jamaica
Treatment of PPPs in the PIMS System
• Phase 1- Approval of concept
Step 1 – Screening of Submission
• Specified Public Sector (SPS) entities are required to submit project concept summaries (PCS)
PIMS in Jamaica
Treatment of PPPs in the PIMS System
Step 2 - Evaluation of Project Concepts (PCs)
PIMS in Jamaica
Treatment of PPPs in the PIMS System
Step 3 – Technical Review Committee
PIMS in Jamaica
Treatment of PPPs in the PIMS System
• Phase II - Project Development
Step 1 – Initiating the business case
PIMS in Jamaica
Treatment of PPPs in the PIMS System
Step 2 – Development and Appraisal of Project Proposal
• The main actors - PIMSEC, DBJ and MOF
• Preparation of the business case
• Determining Project viability
• Structure of the proposed PPP
PIMS in Jamaica
Treatment of PPPs in the PIMS System
• Assess risk
• Clarify benefits.
• Determine that the PPP is marketable
• Provides value for money
• Aligned with the GOJ’s policies and objectives
• Compliant with the relevant Government policies, laws and
regulations
PIMS in Jamaica
Treatment of PPPs in the PIMS System
STEP 3 – Review by the TRC
PIMS in Jamaica
Treatment of PPPs in the PIMS System
STEP 4 - Submission of PPP Proposal to PIMC
• PIMC reviews the proposal with a view to making a
• recommendation to Cabinet
STEP 5 – Cabinet decision on whether to approve the
commencement of the transaction phase
PIMS in Jamaica
Treatment of PPPs in the PIMS System
-At the Transaction phase :
• Prepare for transaction
• Draft PPP agreement
• Qualify bidders
• Prepare RFP and issue RFP
• Receive bids, evaluate and recommend an award
PIMS in Jamaica
Treatment of PPPs in the PIMS System
• STEP 6 – Cabinet award contract and Contract
Management • A team is established for
contract management
• A process is established to monitor
the delivery of the intervention,
manage risk and any changes including
to scope ordesign.
PIMS in Jamaica
Budgeting for PPPs
• Budgeting for PPPs is subject to the provisions of both the FAA Act and the Public Bodies Management and Accountability Act (PBMA)
PIMS in Jamaica
Budgeting for PPPs
• The Public Enterprise Division of the MOF advises the PIMC on the levels of aggregate contingent liability to determine the accommodation of PPPs with probable impact on the stated threshold.
Status
• The PIMC since its establishment in 2015 has received 96 project proposals and nine were selected to be implemented via PPP modality:
• The projects currently being screened are in the areas of Transportation, Development of tourism assets, Waste water treatment, renewable energy and industrial capacity
PIMS in Jamaica
PIMS in Jamaica
• The PPP programme signifies one of the planks of vision 2030.
• It represents one of the critical paths to the debt reduction strategy
• It is extricably linked to the achievement of 60% debt to GDP ratio by March 2026
PIMS in Jamaica
• Hence while the government pursues its PPP programme there is a focus on the fiscal risk involved.
• The PIMS as outlined above represents one of the chosen vehicles to respond to the challenge of managing the potential fiscal risk while facilitating the realization of the known benefits associated with execution of PPPs