Market Sounding Process

Good international practice is to assess the appetite for a proposed PPP project within the private sector and financial institutions before taking it to market (i.e., before procuring the private partner to a PPP). Appetite is often assessed through a market sounding—that is, presenting the proposed PPP to the market for questions and comments.

This market sounding is being conducted in accordance with the PPP Regulations 2020 (Section 36) and the Ministry of Finance and Planning’s draft Guideline on Market Sounding for PPPs The guideline explains that market soundings can be conducted through on-line consultation. Under such a virtual market sounding, project material is posted online to share information about a proposed PPP project and feedback is sought through a questionnaire, via email or social media forum.

This virtual market sounding will be open until 15 December 2020. As possible and as market interest necessitates, the virtual market sounding will be followed by targeted, face-to-face meetings.

Private businesses that may be interested in bidding, supplying or otherwise participating in the proposed PPP projects, banks, other financial institutions, advisors and other stakeholders are encouraged to participate in this virtual market sounding.

Important Notice

The online survey is being conducted solely for the information of those participating in the market sounding of the PPP project. The survey does not constitute a solicitation of bids for any aspect of the project, and nothing in this survey is, or should be relied upon, as a promise or representation as the future procurement of the PPP project. The online survey does not purport to be all inclusive or to contain all of the information that a prospective bidder may require in making its decision to participate in a subsequent tender of the project. Where contractual, commercial or other legal arrangements are described that are not yet in force, those arrangements remain subject to change