Ghana: Finding a green infrastructure for a public agency
CPCS to select a private contractor to develop an eco-friendly business infrastructure as the client outgrows its current office.
The challenge
The Securities and Exchange Commission (SEC) in Ghana seeks to move in a green infrastructure. As the SEC’s mandate in the country expands, so does its personnel. It’s time for them to find a new, larger and, more importantly, a greener home.
To facilitate the process, CPCS is on the ground to look for public-private partnership (PPP) arrangements.
What we did
Ghana’s SEC and Ministry of Finance turned to CPCS as Transaction Advisor for its ability to provide end-to-end services.
To date, CPCS:
- Prepared a full feasibility study on the proposed green infrastructure
- Led the financial viability assessment, the value for money analysis and implementation recommendations
- Led the pre-qualification process and preparation of the bid documents
“Ghana is moving towards the inclusion of green infrastructure. In this respect, the SEC has an opportunity to produce a landmark project in the adoption of eco-friendly building practices,” remarks Lisa Wanono-Rahman, PPP analyst at CPCS. “It will be essential to launch a procurement process that attracts credible bidders capable of meeting energy performance goals and sustainability objectives.”
CPCS has launched a competitive tender process to procure a private developer to build and operate the accommodation. As Transaction Advisor, CPCS will support the SEC in negotiating the resulting PPP contract to financial close.
Impact
Bringing in a private developer will lead to a more sustainable approach to real estate development by embedding minimum performance standards into a long-term contract between the public and private sector. Specifically, the project is expected to yield greater energy savings, increased working efficiency and better employee working conditions.
