A financial model for PPP projects within the WAEMU region
Lomé, 7 September 2017. Mr. Bassary Touré, Vice-President of the West African Development Bank (BOAD) presided over the official launching ceremony of the financial valuation model developed by the Regional PPP Project Development Unit (URDPPP). The ceremony was attended by the representatives of the PPP units from the eight member countries and sub-regional and international institutions, key partners of the Regional Unit.
The newly launched financial model is a decision-making tool designed by the Regional Unit in conjunction with the international firm MARSH. This includes a business plan module for calculating net present values of projects without taking into account related risks, and a risk management module for monetizing the risks involved in projects. Through these mechanisms, the model should allow public entities to determine in a clear manner if the best contractual framework for the implementation of a project is the standard project management approach or the PPP approach.
As a reminder, at its session held in Lomé in June 2012, the WAEMU Conference of Heads of State and Government decided to establish the URDPPP at BOAD. This unit is mandated to support member countries in implementing PPP projects through capacity-building and provision of methodological tools.
Since its inception in January 2014, efforts by the URDPPP focused mainly on becoming functional, with the technical assistance of France and the World Bank. The unit also initiated activities aimed at promoting PPPs in the WAEMU region, building capacities for the member countries of the Union, and supporting the establishment of PPP project facilitation and guarantee mechanisms.
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