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Advance Action on Recruitment of ConsultantsProvision of Consulting Services for Project Technical Advisory ServicesCountry/Borrower: Pakistan/Government of Punjab Title of Proposed Project: Preparing the Lahore Rapid Mass Transit System Project (Transaction Advisor) A. Background and RationaleLahore, the second largest urban center in Pakistan, is the provincial capital of Punjab. With a current population of over 7 million, the megacity is growing at 3.32% per annum. The number of vehicles has also phenomenally increased in recent years, resulting in heavy congestion, slower traffic, increasing road accidents, waste of fuel and person-hours, and environmental degradation. Despite a number of initiatives over the years, such as introducing fleets of private buses, the problems of gridlock and congestion have grown to the point it is constraining growth, curtailing investment, and reducing the city's competitiveness. In 2005 the Government of Punjab (GoPb) analyzed in detail the feasibility of a Light Rail Train (LRT) system along Ferozepur Road in Lahore, named as "Green Line" and then decided in 2007 to take the Green Line feasibility study to a higher level of detail. The GoPb hired Systra-a top international rail engineering firm-to carry out the reference design of the Green Line. The key output of this work is the design of alignments, stations, systems and operations for the Green Line to a 35% level of detail at a total cost of US$10 million, this work should be completed by March 2008. The GoPb wants to develop the Green Line under a PPP arrangement. To prepare and implement the PPP transaction for developing the Green Line, the GoPb wishes to engage the services of a Transaction Advisor. The work of the Transaction Advisor will be facilitated by the significant work already completed on the feasibility and engineering aspects of the Green Line. The engagement is expected to start in April 2008, with duration of one year. B. Scope of Work The Transaction Advisory work will be carried out in three phases: preparation, implementation, and negotiations. During the preparation phase, the Transaction Advisor will carry out technical and legal due diligence, design the detailed structure and terms of the transaction, market the transaction with potential investors, and develop prequalification and bidding documents as well as the necessary contracts. During the implementation stage, the Transaction Advisor will assist the Government of Punjab in obtaining approvals and permits required, pre-qualifying potential investors, carrying out the bidding process, evaluating proposals, and awarding the contract. Under third phase, negotiations will be held with lenders. C. Technical Expertise Required The consultant selection shall be made on quality-based selection (QBS) basis as per ADB's Guidelines on the Use of Consultants. The total consultancy services inputs is estimated but not limited to about 30 persons/month of international consultants and 8 persons/month of national consultants. However, the firms will be allowed to propose levels of efforts, expertise and roles that they feel most appropriate. The Transaction Advisor should include in its team international and/or Pakistani firms with legal, technical and regulatory expertise related to the project. These firms should demonstrate their corporate experience-as well as that of their proposed experts-in developing, building or financing comparable rapid mass transit systems or comparable transport projects. D. Total Fees Available The Government of Punjab has estimated the cost of engaging a Transaction Advisory team to be roughly US$6million. The Transaction Advisor's fees will be split into two components a fixed fee component, and a success fee component. The ADB is proposed to finance 80 percent of the Transaction Advisor's fees, and the GoPb 20 percent. E. EOI Submission & Evaluation Criteria Interested international investment banks, advisory firms and domestic partner firms with the requisite profile are requested to submit their EOIs providing as much information as possible on experience in the subject field, and competency to deliver the requisite outputs. The Transaction Advisory team must be led by an international investment bank or advisory firm that has a track record in:
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