The World Bank Public Private Partnership Restructuring (P125595) REPORT NO.: 121237 RESTRUCTURING PAPER ON A PROPOSED PROJECT RESTRUCTURING OF PUBLIC PRIVATE PARTNERSHIP APPROVED ON MARCH 27, 2012 TO REPUBLIC OF GHANA FINANCE AND MARKETS GLOBAL PRACTICE AFRICA Regional Vice President: Makhtar Diop Country Director: Henry Kerali Senior Global Practice Director: Ceyla Pazarbasioglu-Dutz Practice Manager/Manager: James Seward Task Team Leader: Aijaz Ahmad/Haeyoung Lee Public Disclosure Authorized Results Framework Project Project Ghana - PPP Project (P125595) Restructuring Status: DRAFT Name: Stage: Team Requesting Leader(s) Aijaz Ahmad AFCW1 Created by: Afua Ayew Entsuah on 14-Dec-2015 Unit: : Product Responsible IBRD/IDA GFM07 Modified by: Aijaz Ahmad on 23-Oct-2017 Line: Unit: Public Disclosure Authorized Country: Ghana Approval FY: 2012 Financing Region: AFRICA Adaptable Program Loan Instrument: Project Development Objectives Original Project Development Objective: The objective of this Adaptable Program Lending (APL) Phase I project is to improve the legislative, institutional, financial, fiduciary and technical framework to generate a pipeline of bankable PPP projects. The overall objective of this Adaptable Program Lending (APL) two-phased initiative is to assist the GoG to increase targeted infrastructure and Public Disclosure Authorized other social service levels and quality by mobilizing private sector participation through a public-private partnership (PPP) model. Leveraging greater volumes of private sector investment in infrastructure provision is a critical Program end-objective. Results Core sector indicators are considered: Yes Results reporting level: Project Level Project Development Objective Indicators Corpor Status Indicator Name Unit of Measure Baseline Actual(Current) End Target ate Revised PPP Law enacted Text Value No No Yes Date 26-Dec-2012 Change to today 30-Jun-2018 Comment The draft PPP law losure Authorized Page 1 of 8 Results Framework was not passed before Parliament dissolved on January 6, 2017. Thus, it will have to go through the legislative process again. The draft law was resubmitted to the Cabinet in October 18, 2017, and is expected to be passed by Parliament before the end of the Project. Revised Associated PPP Regulations Text Value No No Yes approved in accordance with Date 26-Dec-2012 Change 30-Jun-2018 PPP Law. Comment Technical proposals evaluation report was approved by the Ministry of Finance. Financial proposals will be opened shortly. Revised EOIs are issued for prospective Text Value 0 3 3 sponsors\concessionaires for Date 26-Dec-2012 Change 30-Jun-2018 three PPP transactions. Comment Takoradi Port Dry Bulk Takoradi Port Page 2 of 8 Results Framework Integrated Terminal SEC Building Intermediate Results Indicators Corpor Status Indicator Name Unit of Measure Baseline Actual(Current) End Target ate Revised PPP Bill submitted to Cabinet Text Value No Yes Yes Date 26-Dec-2012 Change 30-Jun-2018 Comment Updated Bill was submitted to Cabinet on Oct 18th, 2017. Revised Draft Regulations submitted to Yes/No Value No No Yes Parliament Date 26-Dec-2012 Change 30-Jun-2018 Comment Technical proposals evaluation report was approved by the Ministry of Finance. Financial proposals will be opened shortly. Marked for Unsolicited Bid Guidelines for Text Value No Indicator will be Yes Deletion inclusion in PPP Regulations deleted in prepared and approved by the restructuring commitee 26-Dec-2012 14-Aug-2017 28-Feb-2018 Date Comment Removed as current practice Page 3 of 8 Results Framework will be updated and added on to the Guidelines being prepared. Marked for MoU signed between MoFEP Number Value 0.00 0.00 2.00 Deletion and line ministries Date 26-Dec-2012 14-Aug-2017 28-Feb-2018 Comment Deleted. Replaced by creating of Nodal Units in MDAs No Change Establishment and Text Value No Yes Yes operationalisation of PPP Date 26-Dec-2012 Change 28-Feb-2018 Approval Committee Comment Marked for Seven year bonds issued by Text Value No This is no longer Yes Deletion Government of Ghana relevant and has been dropped given the restructuring that took place in June 2015. Indicator will be deleted in restructuring Date 26-Dec-2012 14-Aug-2017 28-Feb-2018 Comment Revised Establishment of the VGS Text Value No No Yes Date 26-Dec-2012 Change 30-Jun-2018 Comment Although the VGS was approved by the previous Minister Page 4 of 8 Results Framework of Finance under the previous government, it would need to be reapproved by the new Minister prior to being operationalised. Marked for Establishment and Text Value No Activity has been Yes Deletion operationalisation of BOG unit dropped from the to provide Apex role for FIL project given that there will be no APL II funding. Indicator will be deleted in restructuring. Date 26-Dec-2012 14-Aug-2017 28-Feb-2018 Comment Revised Pre-feasibility studies Number Value 0.00 7.00 8.00 completed Date 26-Dec-2012 Change 30-Jun-2018 Comment Revised Full Feasibility studies Number Value 0.00 3.00 4.00 completed Date 26-Dec-2012 Change 30-Jun-2018 Comment Revised Line Agency nodal units Number Value 0.00 3.00 3.00 established and operationalised Date 26-Dec-2012 Change 30-Jun-2018 with dedicated staff Comment Marked for First moving transactions meets Number Value 0.00 0.00 1.00 Deletion criteria for funding in phase II Date 26-Dec-2012 22-Apr-2017 28-Feb-2018 Page 5 of 8 Results Framework Comment Marked for Complete Relevant Safeguards Number Value 0.00 0.00 4.00 Deletion Government Reports for PPP Date 26-Dec-2012 14-Aug-2017 28-Feb-2018 Projects as outlined in the PPP policy Comment Removed. It is part of the Feasibility Study for which guidelines are being developed Revised PPP Fiscal Commitment and Text Value No No Yes Contingent Liability Date 26-Dec-2012 Change 30-Jun-2018 Framework approved by the Minister of Finance Comment The Report on the Interview of shortlisted candidates for the position of FCTC Advisor has been approved by the Entity Tender Committee of the Ministry. A negotiation meeting with the recommended Consultant shall proceed shortly. New Safeguards Guidelines Text Value No No Yes developed for undertaking Sub Type Date Change 30-Jun-2018 PPPs in Ghana Breakdown Comment A draft has been Page 6 of 8 Results Framework completed and has been reviewed process by the World Bank. A validation workshop will be held on November 10, 2017 New PPP Project Guidelines Text Value No No Yes developed Sub Type Date Change 30-Jun-2018 Breakdown Comment The Technical Proposals Evaluation Report for the development of the PPP Guidelines has been approved by the Entity Tender Committee of MoF. The financial proposals will be opened shortly New Ghana infrastructure Text Value No Yes Yes Investment Fund (GIIF) made Sub Type Date Change 30-Jun-2018 operational Breakdown Comment The CEO and the Board have been Page 7 of 8 Results Framework appointed. Page 8 of 8