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Keywords

Asset Recycling

Guidelines for Implementing Asset Recycling Transactions

Content Outline

Governments around the world are increasingly looking at improving the quality of infrastructure and delivering improved services to the community. Infrastructure investment is crucial to the on-going economic prosperity and development of any country. For most countries, to meet the substantial infrastructure investment capital needed to fund an infrastructure program, there is a need to unlock multiple sources of funding to ensure that current developmental momentum can be sustained. Check this page or click the link to find out more.

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Find a full outline to modules and sections found on this online guide.

The Guidelines have not been prepared with any specific transaction in mind and are meant to serve only as general guidance. It is therefore critical that the Guidelines be reviewed and adapted for specific transactions. Find the sections below or check the Guidelines for Implementing Asset Recycling Transactions Content or Download Full Report for more.

Contents

A. GUIDELINES FOR IMPLEMENTING ASSET RECYCLING

CHAPTER 1 - EXECUTIVE SUMMARY

1.1 Models of Asset Recycling

CHAPTER 2 - STRUCTURE OF GUIDELINES

CHAPTER 3 - GUIDELINES FOR ASSET IDENTIFICATION

3.1 Operational Checks in Asset Selection

3.2 Financial/Commercial Checks in Asset Selection

3.3 Legal and Regulatory Checks in Asset Selection

3.4 Early-Stage Market Testing

3.5 Social and Environmental Checks in Asset Selection

CHAPTER 4 - PROJECT PREPARATION IN ASSET RECYCLING

4.1 Engaging Advisors in Asset Recycling

4.2 Due Diligence Process in Asset Recycling

4.2.1 Technical Due Diligence in Asset Recycling

4.2.2 Commercial Due Diligence in Asset Recycling

4.2.3 Financial Due Diligence in Asset Recycling

4.2.4 Legal Due Diligence and Review in Asset Recycling

4.2.4.1 Review of Legal and Regulatory Context

4.2.4.2 Descriptive Legal Due Diligence

4.2.4.3 Prescriptive Legal Due Diligence

4.2.3 Accounting and Tax Due Diligence in Asset Recycling

4.2.4 Environmental and Social Due Diligence in Asset Recycling

4.2.5 Asset Valuation Methodology

4.3 Guidelines for Legal and Commercial Structuring Options

4.3.1 Ownership Models in Asset Recycling

4.3.2 Risk Identification and Allocation in Asset Recycling

4.3.3 Commercial Principles in Asset Recycling

4.3.4 Multi-asset Procurement (Asset Bundling) in Asset Recycling

4.5 Market Sounding in Asset Recycling

CHAPTER 5 - TENDERING PROCESS IN ASSET RECYCLING

5.1 Request for Qualification (RfQ) in Asset Recycling

5.2 Request for Proposals (RfP) in Asset Recycling

5.3 Managing the Bid Process in Asset Recycling

5.4 Bid Evaluation and Award in Asset Recycling

5.5 Contract Finalisation in Asset Recycling

5.6 Towards Financial Close in Asset Recycling

CHAPTER 6 - FINANCING OPTIONS/INSTRUMENTS IN ASSET RECYCLING

CHAPTER 7 - CONTRACT MANAGEMENT IN ASSET RECYCLING

7.1 Understand the Stakeholders and the Contracts in Asset Recycling

7.2 Establish the Contract Management Team in Asset Recycling

7.3 Identify Contract Management Team Responsibilities in Asset Recycling

7.4 Develop the Contract Management Plan in Asset Recycling

7.5 Monitoring and Reporting Strategy in Asset Recycling

7.6 Performance Monitoring Process in Asset Recycling

7.7 Penalties for Non-delivery in Asset Recycling

7.8 Hand-back Procedure in Asset Recycling

7.9 Dispute Resolution in Asset Recycling

CHAPTER 8 - UTILIZATION OF PROCEEDS IN ASSET RECYCLING

B. ANNEX IN ASSET RECYCLING

MODULE 1 - Airport Module

MODULE 2 - Power Generation Module

MODULE 3 - Toll Roads Module

MODULE 4 - Ports Module

MODULE 5 - Sample Term Sheet

MODULE 6 - Bid Parameters

MODULE 7 - Bundling and Unbundling Criteria

MODULE 8 - Climate Finance in Asset Recycling

MODULE 9 - Islamic Finance and Asset Recycling

MODULE 10 - Elements for Governance of Project Company (JV)

C. CASE STUDIES IN ASSET RECYCLING

D. ASSET RECYCLING GUIDE TOOLS AND REFERENCES

Modules and Sections

Guidelines for Implementing Asset Recycling

Concession and Lease Models Infrastructure is pivotal to sustainable development with positive impacts on the economy… more

Executive Summary: Guidelines for Asset Recycling

Governments around the world are increasingly looking at improving the quality of infrastructure and delivering… more

Structure of Guidelines for Asset Recycling

This document provides a set of step-by-step guidelines for relevant authorities to monetize existing assets by… more

Guidelines for Asset Identification

Asset Selection Process Guidelines for the Selection of Assets - In selecting an appropriate asset as the subject of… more

Project Preparation in Asset Recycling

At the project preparation stage, the Relevant Authority should conduct the following activities: Recruit and engage… more

Tendering Process in Asset Recycling

Find guidelines, roles of tender committee and required documents to tender Asset Recycling Transaction. Procurement… more

Financing Options and Instruments

This section presents different modes of financing an asset recycling finance. Private sector participants in an asset… more

Contract Management in Asset Recycling

Asset recycling transactions involving a long-term concession or lease of an asset to a private partner constitute a… more

Utilization of Proceeds in Asset Recycling

Options for utilization proceeds The government entities may consider the following for utilization of proceeds from… more

Annex in Asset Recycling

The Guidelines are also supplemented with following Annex: Modules 1 to 4 set out sector-specific asset recycling… more

Case Studies in Asset Recycling

Find samples of Asset Recycling Transactions from around the world… more

Asset Recycling Guide: Tools and References

Find Tables, Figures, Boxes and Tools in Asset Recycling below, or visit the PPPLRC Tools section for more. Tables… more

Note/s:

This is a new section of the PPPLRC website and is currently in draft form. Your feedback is welcome: If you would like to comment on the content of this section of the website or if you have suggestions for links or materials that could be included please contact us at ppp@worldbank.org. To find more, visit the Guidelines to Implementing Asset Recycling Transactions Section Overview and Content Outline, or download Full Version of the Report.