Parth Mody, CA CFA’s Post

The New Privatization Framework: Minimum Project Values of SAR 50 Million ($13.33 Million) and SAR 200 Million ($53.33 Million) for Privatization Initiatives In a significant move towards streamlining privatization efforts, the executive regulations of the #privatization system have introduced minimum #project values to ensure substantial and impactful #investments. Here are the key points: 🔸️ #Asset Ownership Transfer Projects: A threshold has been set at SAR 50 million ($13.33 million) for projects transferring asset ownership. This minimum value is based on the estimated value assessed by the executing entity for the assets in question. 🔸️ #PublicPrivatePartnership Projects: For projects that involve a partnership between the public and private sectors, the minimum value has been established at SAR 200 million ($53.33 million). This figure is calculated based on the total nominal value expected over the project's duration, factoring in capital and operational expenses, any government-owned assets provided to the private sector, potential financial liabilities on the state treasury, and the anticipated financial revenues for the government. 🔸️ Regulatory Compliance: If a project does not meet the specified minimum but is deemed essential for infrastructure or public service, related laws and regulations will apply, as determined by the concerned authority. 🔸️ Application Scope: These regulations and the privatization system's provisions apply to privatization projects launched or contracted by government-established or -owned companies, where the government holds more than 50% of the capital. The aim is to manage privatization projects effectively. 🔸️ Privatization Plan: The plan outlines a list of assets and services earmarked for privatization within the sector, specifying the entity responsible for each project. It emphasizes the need to inventory public utilities, assets, services, and activities under management or supervision, with projects classified according to their importance and impact on achieving the privatization plan's objectives. 🔸️ Public Competition: Essential to ensuring transparency and fairness, privatization projects must be initiated through public competition, following stages like expression of interest, prequalification, and offer submission. The regulations also allow for the merging of two or more stages, provided certain conditions are met, including specific minimum durations for each phase. 🔸️ Communication Protocols: Strict rules prohibit unauthorized communication with any party that has submitted qualification documents or bids, ensuring the integrity of the privatization process. These measures underscore the government's commitment to a structured and efficient privatization process, aiming to attract significant investments that contribute to the nation's economic development and infrastructure enhancement. #SaudiArabia #Vision2030 #PPP #P3

SEBI vide its circular dated August 6, 2024 amended the Master Circular for Infrastructure Investments Trust (InvITs) dated May 15, 2024 - Board nomination rights to unitholders of InvITs. As per the earlier circular, Eligible Unitholders shall be entitled to nominate only one Unitholder Nominee Director, subject to their unitholding exceeding the specified threshold. If the right to nominate one or more directors on the Board of Directors of the Investment Manager (IM) is available to any entity in the capacity of shareholder of the IM or lender to the IM or the InvIT, such entity in its capacity as unitholder, shall not be entitled to nominate or participate in the nomination of a Unitholder Nominee director. The new circular clarifies that the above restriction will not be applicable if the right to appoint a nominee director is available in terms of regulation 15(1)(e) of SEBI (Debenture trustees) Regulations, 1993. Full circular can be accessed at https://lnkd.in/de-XV3JD

What Exactly would you look for in a Public, private partnership deal .. and what really defines the value of such an arrangement towards unlocking value for public sector investments? Especially in the wake of fiscal constraints in developing economies? Obviously the indicators may be many but some would entail - Capacity/ Capability/ Experience of the private company ( Financial, Technical and relevant experience - due diligence is key) - Financial and economic viability - Value for Money Preposition ( defined by level of investment vs returns and the term for the PP) -Alignment to the feasibility studies conducted at an earlier stage PPP`s are not necesarily bad, the devil is always in the details !

🚆Must read for all Project Managers: Ineligible Expenses. This is an item of delebrate abuse on most projects especially where reimbursements are to be claimed. Take time to read through this and research more on it. Good governance and prudence in accounting and control are important. #railindustry #costmanagement #projectmanagement #transportation #regulation #investments #eventmanagement #safety #security https://lnkd.in/dtn5-vXu

🚀 Exciting News Alert in Banking & Finance! 💼✨   We're thrilled to share that our recent article in MondaQ has just been published! Dive into the dynamic world of #Banking & #Finance as we explore recent trends, regulatory shifts, and emerging opportunities within the sector.   Explore practical approaches, expert insights, and informative perspectives with an overview of the current legislative and regulatory landscape tailored to empower professionals and enthusiasts alike. Whether you're navigating global markets or seeking strategic insights, our article promises to enrich your understanding and inspire informed decisions.   🌟 Our Partner, Sonia Saranti, alongside with our Associates, Dimitris Spyridakis and Alexandros Saratsiotis, bring their collective expertise to provide nuanced viewpoints and valuable insights, guaranteeing the-depth knowledge needed to thrive in today's financial ecosystem.   Join us in unlocking new horizons and embracing the possibilities that lie ahead in #Banking & #Finance. 🔗 Click the link below to access the full article and embark on a journey towards deeper insights and success: https://lnkd.in/dz6B3EJE   Stay informed, stay inspired, and stay ahead of the curve with our latest publication! 💰 #MachasandPartners #BankingInsights #LegalInsights #FinanceTrends #Empowerment #FinancialSuccess

Issuer fees cover administrative and operational expenses incurred throughout the financing process. However, working with related parties adds constraints to these fees, making it challenging to cover costs adequately. Transactions involving affordable housing projects add another level of complexity, given the regulatory scrutiny often associated with these initiatives. In our latest blog post, we explore the challenges that arise when a bondholder and project owner are closely related, as well as creative solutions to help maximize what the issuer can earn in these transactions. Read the full article: https://lnkd.in/gEhMjHyK

Reposting a PRXY CO post that hopefully contains information useful to my connections in the Citizenship by Investment (EB-5) industry. For those of you who joined me in Beijing at the EB5Investors.com conference, feel free to add your thoughts on the content below or anything else of note from the event. (If you appreciate this content, please reward PRXY with a "follow." We'll be generating more content in the future.) #EB-5, #EB-5 Fund Administration, #EB-5 Financing, #EB-5 Investor Accountability, #EB-5 Risks.

This week’s Suits the C-Suite article is titled “How public-private partnerships drive sustainable growth.” It is written by Marie Stephanie C. Tan-Hamed, a Strategy and Transactions (SaT) Partner and the PH Government and Public Sector leader of SGV & Co., and Neil Paurom, an Associate Director for Infrastructure Advisory at SGV & Co. In this article, the authors discuss insights from the SGV Knowledge Institute event last week, “Philippine Economic Outlook: Public and Private Partnerships as a Catalyst for Sustainable Growth.” They explain how public-private partnerships (PPPs), contractual agreements between the government and a private company targeted toward financing, constructing, operating, and maintaining infrastructure projects that traditionally fell under the public sector, are powerful tools for driving economic progress. The authors share areas of opportunities for PPPs, implementation challenges, and fiscal policy developments in relation to PPPs. Click on the photo to read the article. SGV’s “Suits the C-Suite” column is published every Monday in BusinessWorld’s Economy Section.

I shared my thoughts recently with Infrastructure Investor on the UK #infrastructure #listedtrust market, and the continuing discount to #NAV experienced by the sector. With #valuations coming under scrutiny by #investors, its clear that taking an orthodox and transparent approach to valuations is key to ensuring their contined confidence in our product. At Victory Hill Capital Partners LLP, building a clear and #transparent valuations policy is important. Link in cpmments below. #sustainableinvesting #governance #esg #sustainability #victoryhill #gseo

Our Regional Report covering Infrastructure and Project Finance in Europe in H1 2024 is out now. Our comprehensive review details the activities that have shaped the European Infrastructure market in the first half of 2024 and ranks key players—Legal, Tech, Insurance and Financial Advisers, Bond Arrangers, MLAs, Model Auditors, and DFIs—by value and volume. Take a look at a sneak preview of the leading Project Finance Financial Advisers. Want to see if your company features? Request access to the report here: https://lnkd.in/e7ZH9YQ4 Featured companies include: Ramboll TÜV NORD GROUP Koutalidis Law Firm Homburger Bär & Karrer Advokatfirman Cederquist Bishopsfield Capital Partners Ltd SURE - Sustainable Revolution Rebel Group Altitude Aviation Advisory ALTERMIA Asesores Tecnicos ICECAPITAL Securities Ltd Wolf Theiss The Scottish National Investment Bank CEB - Council of Europe Development Bank UK Export Finance A&O Shearman #IJGlobalReports #EuropeInfrastructure #EuropeProjectFinance #EuropeEnergy #InfrastructureRankings