Myanmar releases new policy for unsolicited project proposals

The Public-Private Partnership (PPP) Center under the Ministry of Planning, Finance, and Industry issued order (1/2020) involving the tender process for unsolicited project proposals without government invitation.

The order is issued to facilitate and clarify the process of analysing unsolicited project proposals from private organisations and companies to government departments, a spokesperson for the PPP Center said.

Unsolicited project proposals worth more than K2 billion will be processed under the procedures listed under order (1/2020). Those worth less than K2 billion will proceed under existing procedures issued by the President’s Office, the spokesperson said.

The first step under the new procedures will be to review the solicitor’s financial statements for financial soundness as well as its track record for the project proposed. Officials must also check all documents and information provided agains the rules of the Myanmar Project Bank, which have been issued by the President’s Office. All proposed projects must be in line with Myanmar’s national strategic plan.

A decision will be made on whether to reject the proposal or call for a re-submission.

If the unsolicited project proposal is accepted and beneficial for the State, the government has three options – proceed with a Swiss challenge, standard tender process or direct negotiation for implementation.

If the project proposal is important to the country, a Swiss challenge will likely be called. A Swiss challenge requires the government to publish the bid and invite third parties to match or counter-propose a better deal.

Under the Swiss challenge, the relevant government department must obtain the approval of the Project Bank with advice from the PPP Center.

The solicitor can also engage in direct negotiation for the implementation of the project with the relevant government department if it has a good reputation and international experience in the project area. A directly negotiated project proposal must be submitted to the Union Government for approval.

“To see the original article click link here”

Source : Myanmar Times

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, “Puma Energy”, “MOGE”, “yangon new town”,”MECTEL”, “hydropower”, etc.

.

Looking for foreign investors to invest in your business in Myanmar