Postuler

Réf.
2026/EPFT/16574

Type d'offre
Experts

Type de contrat
Contrat de prestation de services

Date limite de candidature
16/11/2026 23:55

Durée de la mission
Court terme

Contrat
Indépendant / Entrepreneur Individuel

Durée
5 months

Description de la mission

Please refer to the Terms of Reference attached for more details.

 

The overall objective is to strengthen the capacity of approximately 20x Philippine LGU representatives and 30 x PPP Center officials to understand, assess, interpret and challenge the financial and commercial dimensions of PPP projects, with particular application to SWM projects. The workshop shall be delivered in two separate training blocks. Block 1 shall primarily target LGU participants and SWM project proponents, while Block 2 shall primarily target PPP Center personnel. While the core content shall remain substantially similar, the Service Provider may tailor case discussions, exercises, and examples to
the specific needs and responsibilities of each participant group.


Specific objectives


1. Build a common project-finance vocabulary among finance, planning, engineering, legal, procurement and PPP practitioners.
2. Explain the distinction between economic desirability, financial viability, affordability and bankability.
3. Enable participants to understand the principal drivers of a PPP financial model and how assumptions flow through to project cash flows and financing capacity.
4. Teach participants to interpret relevant viability indicators such as, but not limited to, IRR, NPV, hurdle rates, DSCR, CFADS, debt sizing, equity requirements and debt service.
5. Explain how lenders assess project cash flows, risk allocation, security, covenants and repayment capacity.
6. Enable participants to understand availability-payment mechanisms, performance-linked payments, guarantees and other long-term LGU obligations.
7. Demonstrate how project risks influence financing terms, required returns and bankability.
8. Enable participants to perform basic sensitivity and stress testing and interpret implications for viability, affordability and bankability.
9. Develop participant ability to review and challenge key assumptions prepared by external advisers or private proponents.

10. Link financial analysis to PPP structure, procurement, contract provisions, negotiation and financial close.
11. Provide practical tools that participants can use in subsequent SWM PPP project development.

 

Scope of Services


 Project finance fundamentals and PPP financial logic.
 Financial concepts for non-financial officials.
 SWM PPP cash-flow mechanics and financial model architecture.
 Project economics, CAPEX, OPEX, revenue and lifecycle costs.
 CFADS, debt service, DSCR and debt capacity.
 IRR, NPV, hurdle rates, equity returns and cost of capital.
 Debt and equity financing, tenor, interest, repayment and conceptual debt sculpting.
 Availability payments/charges, performance-linked payments, guarantees and LGU fiscal obligations.
 Risk identification, allocation and relationship between risk and bankability.
 Affordability, fiscal commitments and contingent liabilities.
 Financial model review, scenarios, sensitivities and stress testing.
 PPP structuring, procurement, contractual interfaces and financial close.
 Commercial negotiation using financial-model outputs.
 Application to an integrated SWM case study and participant action planning.

 

Required Learning Outcomes


 Explain project finance versus conventional corporate finance and public borrowing.
 Map sources and uses of funds and understand the movement of cash through a project.
 Identify CAPEX, OPEX, EBITDA, operating cash flow, CFADS, debt service and equity cash flows.
 Explain IRR, NPV and hurdle rates and understand how investors use them.
 Explain DSCR and why lenders focus on minimum and average DSCR.
 Understand debt capacity, tenor, interest, repayment profile and lender requirements.
 Understand equity investment, equity IRR and leverage.
 Understand availability payments, service-performance deductions and payment security.
 Understand performance guarantees, reserve accounts, direct agreements and other security concepts at a high level.
 Identify assumptions that materially drive an SWM project's financial outcomes.
 Run and interpret basic sensitivity and downside cases.
 Assess affordability of long-term LGU payment obligations.
 Connect risk allocation to financing consequences and bankability.
 Use a simplified Excel model to support decision-making.
 Prepare questions for financial, technical and legal advisers.
 Apply the concepts to an SWM PPP case and formulate next steps.

 

Please refer to the Terms of Reference attached for more details.

 

Description du projet ou contexte

The Project description 


As part of the EU- PH GEPP funding programme budget, three Local Government Units (LGUs) have been selected to benefit from feasibility studies for Circular Economy PPP projects within their region. The intention is to complete the feasibility stage of the projects development process and progress towards the procurement phase of a solicited PPP contract between a private party and the local government unit (LGU). All of these LGUs have undergone basic training on the PPP code of the Philippines and will be supported by the PPP Center of Philippines and Expertise France as the development partner.

Background and Rationale


Expertise France, through the EU Global Gateway Green Economy Programme (EU-GEP) in the Philippines, is supporting public-sector institutions and Local Government Units (LGUs) to develop bankable and sustainable infrastructure projects, including solid waste management (SWM) projects that may be delivered through public–private partnerships (PPPs). The programme requires LGU and PPP Center project-development teams to engage effectively with financial advisers, lenders, private proponents and transaction advisers throughout project preparation and procurement.

A recurring capacity constraint is that officials responsible for project development, finance and PPP preparation may have limited exposure to project-finance terminology, lender requirements and the long-term financial obligations created by PPP contracts. Examples include internal rate of return (IRR), hurdle rates, debt service coverage ratio (DSCR), cash flow available for debt service (CFADS), availability payments/charges, performance guarantees, debt sizing and related security and payment mechanisms. This assignment is therefore designed as an intensive, decision-oriented project-finance workshop rather than a generic PPP awareness course. Participants should leave with the ability to understand, interrogate and use financial analysis in PPP project development, particularly for SWM projects.

 

Specific SWM context


 SWM projects frequently combine substantial upfront CAPEX with long operating periods and complex performance requirements.
 Revenue may arise from user charges, tipping fees, material recovery, energy sales or other sources, while some projects may require LGU availability payments or other government support.
 Cash-flow performance can be affected by waste volumes, composition, collection efficiency, tariff/tippingfee structures, inflation, OPEX, energy/material prices, downtime and compliance with service standards.
 PPP contracts can create long-term fiscal obligations for LGUs, including availability payments, subsidies, termination payments, guarantees and performance-linked payments.
 Bankability depends on the interaction of project cash flows, risk allocation, contract design, security arrangements and financing structure.

Profil souhaité

Lead Expert – minimum profile


 The Lead Expert shall be a senior project-finance/infrastructure-finance practitioner with demonstrated experience in structuring, appraising, negotiating and/or financing infrastructure projects, preferably
through PPP and/or limited/non-recourse project-finance structures.
 The Lead Expert shall demonstrate practical transaction experience, not solely academic, modelling or classroom-training experience. Relevant experience may have been obtained in commercial or investment
banking, project-finance banking, development finance institutions, infrastructure investment, private equity/infrastructure funds, transaction advisory or equivalent financial advisory roles.

 

Academic and Professional qualifications


 A minimum of a Master’s degree in Finance, Economics, Accounting, Business Administration, Engineering, Infrastructure Finance, Project Finance or another relevant discipline from a recognised university.
 A professional qualification such as Chartered Accountant (CA), Certified Public Accountant (CPA), ACCA, Chartered Financial Analyst (CFA) or equivalent is strongly preferred, particularly where it demonstrates
substantial accounting, financial analysis or corporate/project-finance expertise.
 A Bachelor’s degree combined with substantial senior-level project-finance, infrastructure-finance, banking, PPP transaction or equivalent experience may be accepted where permitted by the applicable procurement rules.


General professional experience


 Minimum 10 years of relevant professional experience, preferably 12–15 years or more, in project finance, infrastructure finance, investment/commercial banking, development finance, transaction advisory,
infrastructure investment or closely related fields.
 At least 7 years of the relevant experience should preferably involve project-finance/infrastructure-finance transactions, PPPs, lender/investor advisory, financing negotiations or equivalent transaction execution
activities.
 Demonstrated experience working with public-sector counterparties, infrastructure sponsors, lenders, DFIs, investors and/or transaction advisers is highly desirable.


Specific professional and transaction experience


 Demonstrated experience in project-finance structuring, including debt and equity financing, sources and uses, debt sizing, repayment profiles, CFADS, DSCR, project and equity returns, affordability and bankability assessment.
 Demonstrated experience developing, reviewing or auditing project-finance financial models used for investment, financing, PPP transaction or infrastructure-project decision-making. Experience should extend beyond generic Excel modelling.
 Demonstrated experience in PPP and/or infrastructure transactions, preferably involving long-term publicprivate contractual arrangements and government payment mechanisms.
 Demonstrated banking/dealmaking experience is strongly preferred, including transaction origination, termsheet development or review, lender/investor due diligence, financing negotiations, conditions precedent, security arrangements and/or financial close.
 Experience in infrastructure sectors such as solid waste, waste-to-energy, water/wastewater, transport, energy/renewables, utilities, municipal infrastructure or other infrastructure projects is relevant. Direct SWM experience is strongly preferred but should not substitute for substantial project-finance and infrastructuretransaction experience.
 The Lead Expert should preferably demonstrate experience on at least three infrastructure/PPP transactions that reached financial close or an advanced stage of financing/transaction execution, with the proposed expert’s specific role clearly identified.

Critères de sélection des candidatures

Le processus de sélection des candidats s'opérera selon le(s) critère(s) suivant(s) :

  • Formation/compétences/expériences du candidat
  • Compétences du candidat en lien avec la mission d’expertise
  • Expériences du candidat en lien avec la mission d’expertise
  • Connaissances du candidat du contexte local (pays ou région d’intervention)

Date limite de candidature : 16/11/2026 23:55

Document(s) joint(s) : Project_Finance_PPP_Structuring_Workshop_TOR_Final.pdf

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