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2	International Finance Corporation
3	IFC global reach (offices in 80 countries)
4	IFC’s Role IFC also provides technical assistance and advice to governments and businesses
5	PPP’s – Why is IFC Involved? Our vision, values, and purpose promote sustainable private sector investment in developing countries, helping to reduce poverty and improve people's lives Private enterprise is the most effective and dynamic force in economic development
6	PPP’s – Why is IFC Involved? “Public sector is an enterprize established by the government. The government should only administer the society. If the government enters the economic activity it will cause disturbance.” - Ibn Khaldun (1332-1406)
7	IFC’s Advisory Services Advisory Services has undertaken more than 200 infrastructure projects since its establishment. Since 1995, Advisory Services mobilized more than $3 billion in private capital in more than 20 countries. We specialize in infrastructure sectors: roads, railroads, water, airlines, airports, power generation and distribution, off-grid power, urban transport, mining and health. IFC adds considerable value to the transaction: Identifies and markets projects to qualified investors Brings transparency and credibility to the bidding process Signals country’s commitment to improve
8	Selected IFC Advisory Experience in Transport Concessions and PPPs
9	But … MENA is a Lagger to PPI
10	MENA – diverse region
11	MENA – Current Picture Considerable variation across countries in political consensus on PPPs Rhetoric but limited action Lack of implementation capacity Slow decision-making Simple more upstream transactions Focused on building new infrastructure Imbedded interests Sale of exiting assets require restructuring Tariff issues largely postponed Liquidity Demand for quality assets Rise of regional investors Optimism
12	Key Challenges for PPPs in MENA
13	But….
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15	MENA: Current & Planned Advisory Mandates
16	MENA: Current Advisory Mandates in Egypt
17	MENA: Recently Completed Mandates
18	MENA: Completed Mandates
19	PPP’s in the Road Transport Sector Cairo-Alexandria-Port Said-Marsa Matrouh Scope: Upgrade of remaining freeway (100km under public tender) Construction of Alexandria link and Urban road (40km and 27km) Feasibility of Port Said-Marsa Matrouh coastal road for inclusion Management of road (231km Cairo-Alex, 530km northern coastal road) Schedule Signed in August 2007 Environmental and Legal kickoff in November Technical kickoff in March Market Sounding and EoI’s in May Options Phase 1 report in July Project award 1^st Q 2009
20	PPP’s in the Road Transport Sector Nile Delta Roads SWOT Analysis Scope: MOT/GARBLT have identified a number of roads for PPP Analysis of roads for suitability from private sector perspective Identify those roads immediately suitable, any changes to make them feasible, prepare preliminary packages for feasible roads Provide MOT/GARBLT with pipeline of projects to implement through PPP Schedule: Consultant proposals due Feb 28^th Technical kickoff in March Report due in June
21	Making PPPs Last More focus on long-term sustainability of PPI arrangements political, financial, and social sustainability local currency financing & risk insurance Sound regulatory arrangements and structures Attention to factors outside of contracts acceptability by consumers and public “sustainable” subsidy arrangements
22	Conclusion PPPs can and should be “win-win” But there are pitfalls Government needs to be committed and have perspective Private Sector needs to be committed and selective