Minicipal finance and public private partnership-eng

The Study on City Master Plan and Urban Development Program of Ulaanbaatar City (UBMPS)
Intensive Learning Session on Urban Planning under Market Economy

Municipal Finance
and Public-Private
Partnership
Masayoshi Iwasaki
Implementation Plan and Cost Estimate

July 30 2007

1


1. Municipal
Finance
1) Principles of Municipal Finance
2) Municipal Finance Model
3) Experiences in Different Countries
- Japan, UK, USA and Singapore

2


Future Financing Gap
Past Local Expenditure Compared with
VNDbillion
VND billion Proposed Transporation Investment
8,000
Gap to be filled
7,000
Master Plan
6,000 (assuming growth
of 10%/year,and
5,000 Excluding ODA)

4,000

3,000
2,000
Past Achievement
1,000 (including ODA)

-
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
3


Structure of Municipal
Revenue
OECD Nederla Austria, Mongolia UB City
nd, 　 Sweden
Avg. (2005) (2007B)
UK

Grants &
30-40% 70%> 20%< 8% 11%
Local Subsidies
Gov’t
Revenue Local
60-70% 30%< 80%> 91% 89%
Revenue

4


Sources of Municipal
Revenue
Budget
Cent r al Gover nm ent Line Minist r ies

Tr ansf er I m plem ent at ion
Local Gover nm ent Budget

Cent r al
Pr oj ect s by
Local Revenue Por t ion Gover nm ent
Line Minist r ies
Tr ansf er

100% 100% X% Y% 100%

Ow n Revenue Cent r al
Non Tax Shar ed Revenue
( Tax , Char ge, Gover nm ent
Revenue Fee)
( Tax , Char ge, Fee)
Revenue

Tot al Revenue in t he Ter r it or y of Local Gover nm ent

5
Geogr aphical Ter rit or y of Local Gover nm ent


Municipal Finance
Model

6


Sources of Capital
Financing
(Sources)

Public Funding
(Tax)

Capital Financing User Charge
(Projects) (Toll, Fare, Water Charge, etc)

Beneficiary Charge
(Developer Contribution, etc)

7


Matching of Cost and
Benefit
Economic & Social Benefit of Service
Capital Cost
Benefit Benefit

Service Beneficiaries (Service Users)

Matching
Tax Payment User Charge of Cost
Infrastructure and
Investment Recurrent Costs Benefit

Share of Investment Cost by Long-term Borrowing

Operation and Maintenance Costs

0 t
8
Economic Service Life of Infrastructure


Three Targets for
Municipal Finance
Special account of Local government
1 earmarked taxes/ bond/ project bond/
Make Leveraging ODA state revolving fund
Efficient funding/PPP/PFI
Use of
Existing
Funding 3
Sources
Achieve Long-term
Prepare Good Mgt Stable Borrowing
Strategic of Capital CF and for
Plan Financing Credit- Capital
2 worthiness Investment

Expand Local
Revenue Base Benefit based
fees/charges/taxes
/Value capture
methods
9


Experiences in Different
Countries Japan:
- Earmarked
Tax
- Gov’t Guart’d
Bond
- Urban
Planning Tax

USA:
SRF&VC

Singapore:
UK: TDM&RP
PPP/PFI
10


Japan: Earmarked
Taxes
State Tax 4,293.3BJY 3,525.7BJY
25% 709.1BJY Direct transfer
Gasoline Tax

Benzine Oil Tax
Gasoline Tax

Benzine Oil Tax 2,816.6BJY
2,836.5BJY
2,836.5BJY 75% 2,127.4BJY
Transfer
Local Road Tax General State Budget
General State Budget
Local Road Tax
303.5BJY for Road
for Road
303.5BJY Road Development
50% Road Development
Oil&Gas Tax About 30% of Special Account
Special Account
Oil&Gas Tax About 30% of
28.0BJYN
28.0BJYN Total Public Works
Total Public Works
50% 75% Budget: 9.4TJY
Budget: 9.4TJY
Vehicle Weight Tax
Vehicle Weight Tax
1,125.3BJY
1,125.3BJY
100% 2,330.0BJY
25%
Local Tax 1,732.9BJY
Road Development
Road Development
Vehicle Registration Tax 100%
Vehicle Registration Tax Budget
Budget
485.7BJY
485.7BJY for
100% for
Local Roads
Local Roads
Light Oil Business Tax
Light Oil Business Tax
1,247.2BJY
1,247.2BJY
11


Japan: Japan Highway
Public Corporation
JH: Project Funding

State Budget

State Equity State Subsidy Expwy Bond Bank Debt Social Own Fund
Infra Proj.
Revenue

State Guart’d

Public Offer State Private Placed Foreign Placed
Bond Underwritten Bond Bond
Bond

MOF Postal
Fund Fund
12


Japan: JH Annual Budget
Breakdown Surveys 69 IDC 2,031
Improvement 3,950
Total: 53,285 ( in 100Million Yen)
Expenditure

Construction 12,874 Admin. Costs 34,361

Private
Revenue

State Guaranteed Toll Revenue, etc
Borrowing
Bond 4,002 22,076
4,500

State subsidy 1,131 Social Infra Proj. Revenue 64
State Equity 1,374
Foreign Bond 1950
Private Placed Bond 1,290
13


Japan: Urban Planning
Tax
 Urban Planning Facilities (road, urban rail,
bus terminal, parks, utilities, waste disposal,
etc) & Urban Development
 Property owners – with property tax
 Property value x 0.3%
 Share of UPT in the municipal revenue
 Nation: 6%, Large Cities 8%
Total Municipal Revenue in Japan: 19.5 tri ¥ (2005)
Personal Income Tax
Property Tax (46%: 8.7tri¥) 6% 12% 7%
(29%: 5.5tri¥)

Urban Planning Corporate Income Other
Tax (6%: 1.2tri¥) Tax (12%: 2.2tri¥) (7%: 1.4tri¥)
14


UK: PPP/PFI -> Next
Section

15


USA: SRF and Value
Capture: SRF Structure
Bond Sold
Federal Grant State Grant
in Capital Market

Credit Support
Reserve Fund Project Fund

project project project

Individual Loans at Municipal Level

16


SRF: 5 Layers of Credit
Support
Layer 1: Municipality’s promise
1
 To repay using general tax and transfer revenue
Layer 2: Interest earned
2
 To accumulate to strengthen credit, support
additional lending, adm. cost,etc
Layer 3: Aid Intercept mechanism
3
 To intercept transfer payment from state to local
Layer 4: Guarantee
4
 Municipality’s obligation, Fund’s obligation
Layer 5: Certainty of the existence of the
5
fund
 For the terms of the loans
17


SRF: UB City Version
ODA Donors

ODA Grant Foreign
Financial
ODA Grant
GOM UB City Institution

Management
Grant
Bond Issue
Reserve Fund Credit SRF Investors
TA Fund (Escrow acct) support (Escrow acct) Banks
Proceeds

Loan Loan Loan
TA
support

City project City project City project

18


Value Capturing

External Benefit of UMRT system

Tax and User Charge
UMRT Line
Beneficiary Charge

19


Value Capture Methods
Methods Description
1. Impact Fees Burden charge for service users; such as drainage
impact fee collected at permit
2. Development Taxes Local infrastructure tax on construction and
reconstruction of building based on assessed value
3. Capital Contribution Fees collected from builders and developers based on
for their peak demand of water, sewer
4. Special Construction Cost sharing by builders and developers for the cost of
distribution lines, water pumping stations, sewage lifting
Responsibility. facilities, etc.
5. Special Assessment Fees based on the assessment of costs of public
improvements against properties benefiting from the
improvements (e.g. a new road, water line, etc)
6. Tax Increment Assess the property tax levy in an area designated by
the local government and issues bonds to be paid off
Financing
20 with the projected increase tax revenues


Singapore: TDM and
ERP
 The first urban  Attain the desired optimal
congestion charging speed range of 20 – 30
system km/h, expressway for 45-
 Area Licensing Scheme 60km/h during peak
(ALS) in 1975 => RPS period
in1995 for expressways  ERP Revenue for Traffic
 Upgraded to ERP in 1998 Improvement
 All vehicle to enter the
cordon 0730 – 1900
 In Vehicle Unit (IVU) with
smart card
 Since the change ALS to
ERP daily reduction of
15%
21


ERP System in
Singapore
Gantry Cameras (behind the gantry)

22


2. Public-Private
Partnership
1) Principles of PPP
2) Structuring a PPP Project
3) Case Studies

23


What is PPP?

 PPP is a method of providing
public services under the
partnership between the public
and private sectors

24


PPP …. ?
Government’s functions shifting from providing
public services itself towards becoming a
“manager of the providers” ….

PPP
PPP Concept
Part of Capital PFI
Investment
Privatization Joint Venture
Overall Management
Outsourcing Sales
Leaseback
Part of Capital Concession
Investment Wider Market
Operation & Initiative
Maintenance
u P % 01

i r P % 01
0

0

25


PPP Modality
Public Private Partnership
No Facility Investment With Facility Investment

DB/BT
Work & O&M ROT/RO 　 BLT/BTO/
Management or Strategic Full
Services Con- BOT/BOO
& Maintenance Contract Turn Partnership Privatization
Contract cessions 　
Concessions Concessions
Key

Low High
Extent of private sector participation

26


Investment Trend / World wide

114
US$B

64 US$B

27


Value for Money Mechanism
~ How to structure a PPP project ~
Public Private

Principle 1 Specify Service Output Output Specification

Risk Transfer/
Principle 2 Transfer Risks and Clarify Responsibilities
Contract

Compete, Innovation, Competition/Know
Principle 3 Cost down, Finance how/Finance

Conventional
Method PPP
Principle 4 Assessment of VFM

Value for Money (VFM)
Target Quality at Best Price for the Tax Payer
28


VFM Maximization by
PPP
Conventional
Public Initiative PPP
NPV VFM
Public Spending

Risk Cost

Repair/Renewal Cost Project Formation Cost
Total Payment for
Operation/Maintenance
Service Charges
Cost

Construction Cost

29


Three Funding Sources for
PPP
(Sources)

Public Funding
(Tax)

User Charge
PPP (Toll, Fare, Water Charge, etc)

Beneficiary Charge
(Developer Contribution, etc)

30


Why and When “PPP”?

Fund
Fund
Problem in
Regulatory
Shortage
Shortage Framework
in Infra & Project
in Infra Structure
Dev’t
Dev’t Focus on
Focus on Application
Private sector Application
Private sector of User Charge PPP Model
Know How of User Charge PPP Model
Know How Model
& Fund Model
Inefficiency & Fund
Inefficiency
in Public
in Public
Service
Service Financial
Provision
Provision Crisis

31


Conventional vs. PPP
Conventional PPP
Disadvantage Disadvantage
 Slow in implementation  Complexity and uncertainty in
implementation
 Low competition => Expensive  Requirement of expertise and capacity
 Little innovation building on public sector
 Proper regulatory and institutional
framework

Advantage
Advantage  Less financial burden
 High competition => VFM
 Certainty in implementation  Innovation, many options, easy to
privatize
 Output-Based service delivery
?
 Fast procurement => “buying time at
expensive price”
32


Project Formation
1. Recognition of Project Environments
1. Recognition of Project Environments

2. Preliminary Project Structuring
2. Preliminary Project Structuring

3. Risk Recognition and Risk Allocation
3. Risk Recognition and Risk Allocation

4. Market Sounding
4. Market Sounding

5. Detailed Project Structuring
5. Detailed Project Structuring

6. Contract Framework
6. Contract Framework

33
7. Bidding Preparation/ PPP Bidding
7. Bidding Preparation/ PPP Bidding


PPP – Three Models

 Retail Model
 Whole Sale Model

 Service Purchase Model

 And a mixture of above three

34


Retail Model:
Toll Road, Telecommunication, Water
Supply(Distribution), etc

User
Charge

Project
Project
Public Sector
Public Sector Service Users
Service Users
PPP Company
Company
Contract
Service

35


Whole Sale Model:

Availability Concept : Power Generation,
Water Supply(Bulk Water), Rail Transit,
etc PPP
Contract
Service Project
Project
Public Sector
Public Sector Purchase Company
Company
Agreement

Service
Performance Public Service
Public Service
Guarantee Provider
Provider
Service
Payment
User
Charge Service

Service Users
Service Users
36


Service Purchase Model:

PFI Service Purchase Concept: Hospital,
School, Prison, IT System, Office
Accommodation, etc.

Service
Payment Service
Project
Project
Public Sector
Public Sector Service Users
Service Users
Company
Company
PPP
Contract

37

The Study on City Master Plan and Urban Development Program of Ulaanbaatar City (UBMPS)Improvement
Improvement

Pro-Poor
Current Public Service Market Efficiency Gap
Current Public Service Market Efficiency Gap Real Access Gap
Real Access Gap

Can be Solved by
Can be Solved by Only Solvable With
Only Solvable With
Improvement of
Improvement of Policy Intervention
Policy Intervention
Efficiency in
Efficiency in such as Subsidy
such as Subsidy
Service Provision
Service Provision

Subsidy
Actual Payment

Payment by Beneficiary

38


Project Structuring -
Viability Gap
Revenue

Profit

Principal & Interest Payment

O&M Cost

Equity 0 Time
Investment

Debt

39 Viability Gap Funding


Unbundling
Power Water Airport Road Rail

Private Generation Treatment Terminal Toll Rolling
Facilities/ Stocks
Pavement /EMS

Public Transmission Distribution Runway Road Carriagewa
Structure, y, Civil
Civil works works

Public Distribution Dam

40


Unbundling-Railway
Function
Public Operation

Private Maintenance: Rolling Stocks,
Maintenance
EMS, Depot buildings & facilities
Private Construction: Rolling Stocks,
Construction
EMS, Depot buildings & facilities
Public Construction: Carriageway,
Construction
Stations, Depot platform
Public Acquisition: ROW
Acquisition
41


UK: Dockland Lewisham
Extension Project

 BLT
 3.8km (incl. Tunnel 1km)
 Opened in 2000
 Concession 24.5yr
42  Project size: 200M ￡


Extension Project

43


Extension Project
Government John Mowlem (40%)
Mitsui Rating Agency
(State and Local) Hyder (40%)
London Duff&Phelps
Mitsui (12%)
Elect’y
London Elect’y (8%) “A” Rating
Subsidy 55.8 M ￡

Equity 12.5 M ￡ Mezzanine 4.5 M ￡
Insti’l Investors
(Pension Fund,
Ministry of Env. & Transport BZW
Life insurance)
Bond Issue
Concession Advisor
165 M ￡
Docklands Light
Contract City Greenwich
City Greenwich
Railway Lewisham Rail Link
Lewisham Rail Link Midland Inter-creditor
Availability Fee/ PLC(CGLR)
PLC(CGLR)
Loan Bank Agreement
Usage Fee 30 M ￡
(Fixed in first 10Years)
Agent Bank
Subsidy (not necessary to return Construction Contract
when target completion met)

Mitsui (Tunnel)-Nishimatsu(sub.cont.) Bank of Scotland
City of Bank of Tokyo-
Lewisham Mowlem (Ground work)
Alcatel (Signal) Mitsubishi
Guarantee London Elec’y (Electric) Syndicate Banks
(when return of subsidy is necessary)

44


UK: PPP/PFI
Lewisham Extension Project
 4.2km (incl. Tunnel  Risk Allocation
1km)  Project Co: DBF+M
DLR: O
Opened in 2000

  Subsidy:
 Concession 24.5yr •
•
State: 50M ￡
Local: 7M ￡

Grantor: Docklands Land: DLR


Light Railway Ltd.  Payment
(DLR) 

BLT, Facility leased to DLR
Availability Fee for first 10yr
 Project Company  Usage Fee afterwards
(figure)  Returned free after
 Project size: 200M ￡ the period
 DLR
 22km, 27stn, Auto-
driven, Greenwich-
Lewisham, connecting
45 BR


Payment Mechanism
Revenue
Share

Risk Share
Payment (Demand Growth)
Payment (Demand Growth)

Base Usage Payment

Availability Payment
Risk and Revenue
Risk and Revenue
Sharing ::
Sharing
Usage Payment Public 70%
Public 70%
Private 30%
Private 30%

46
0 10 years 10 years Time


Unbundling-Expressway
Function
Private Operation

Private Maintenance: All Road Facilities
Maintenance

Private Construction: Toll Booths,
Construction
Pavement, Lighting Facilities
Public Construction: Road Structure, Civil
Construction
Works
Public Acquisition: ROW
Acquisition
47


Philippines: Manila Toll
Road

Existing R10 Road

 BTO (Two Tier System)
 15.6km
 Planning Stage
 Concession: Endogenous
(30yr)
 Project size: 360M$
(55%:Public, 45%: Private)

48


Public and Private Risk
Sharing

Toll Facilities, etc
Pavement Pavement
Structure Structure
Private Public
(R10+R10/C5) (C3/R9)

49


Investment and Financing

Total Project Cost = P13,747.3 million
Government Support Private Sector Funding
 C3/R9 Segment  R10+R10/C5Link
 Construction = P6,871m  Construction = P6,876m
 ROW =0.0  ROW = P350.0m
 Stand-alone FIRR = 13.5%  FIRR = 16.5% with
revenues of C3/R9
 Financing Plan  Financing Plan
 Gov’t accounts = P 1,328m  Private Equity = P 1,719m
 Loan (ODA) = P 5,543m
 Domestic Debt = P 2,063m
 Foreign Debt = P 3,094m
50


Philippines: Manila Toll
Road
ODA Financing Private Financing
ODA DONER

LOAN AGREEMENT DPWH

(GRANTOR OF
CONCESSION)
DPWH PROJECT
MANAGER TRB

BIDDING TOLL OPERATING CERTIFICATE
DISBURSE

CONCESSION AGREEMENT
PROJECT/CONSTRUC-TION
CONTRACTORS MANAGEMENT
EQUITY
PRIVATE
PRIVATE
SHAREHOLDERS

CONSTRUCTION
ODA PPP
PPP
CONSULTANT DEBT/SUB-DEBT
COMPANY
COMPANY
CONCESSION RIGHT(SECTION A & B) FINANCIERS
TOLL ROAD
TOLL ROAD
FACILITIES
FACILITIES
EPC CONTRACT O & M CONTRACT
SECTION A INDEPENDENT INSURANCE
SECTION A
C3/R9 (PUBLIC) CONSULTANT EPC COMPANY
C3/R9 (PUBLIC)
CONTRACTOR
OPERATOR
(CONSTRUCTION PHASE)

TOLL ROAD CONSTRUCTION
TOLL ROAD
FACILITIES
FACILITIES

SECTION B
R10+R10/C5B
SECTION
R10+R10/C5
(PRIVATE)
(PRIVATE)

51 OPERATION


Delay Issues
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Efficient ODA Process
PUBLIC SECTION (C3/R9) F/S, EIA
Request for ODA by NEDA

Approval Process

ODA L/A

Selection of Consultant

D/D & Bidding Documents Head start
Selection of Contractor
ROW of
construction
Construction

PRIVATE SECTION (R10+R10/C5) NTP

Preparation of Bid Document Liquidated Concession Right

ROW by Damage, Early
Approval of Bid Doc. & CA by NEDA

Selection of Concessionaire

Financial Close Government ROW
completion
Design & Construction

Commencement of Operation
bonus
Design start Operation

52


Endogenous Concession –
Target Cumulative Revenue (TCR)
 Government will set the Toll Level
 Private Bidders will bid its TCR =>
Lowest TCR => Winning Bidder
 Concession will expire when
cumulative revenue hits the TCR
 5 year extension option after 30 years
for the TCR

53


PPP – Urban Development
Public Secor
- Development initiative
- Regulatory Framework
- Construction of public
facilities
- Schme Design
- Advisory and support on PPP

Establishment & guidance Good Public Service
and support

Participation to Public Private
developmennt Investment in land
Partnership Program
development for
- Selection of
development
Concessioner
- Financial management
- Project Management Private Developer /
Land Owners /
Communities Operator
- Participation to - Investment for Urban /
Urban Development Development Commercial / transport
Good Investment Development
- Express opinions Benefit
Return - Operation and
54 as stakeholders management


Preparation of Attractive
Investment Packages
Development Tools
Development Tools
- -Development Charge
Development Charge Identification
Identification
- -Developer Contribution
Developer Contribution
- -Special Assessment District of Strategic
of Strategic
Special Assessment District
- -Land Readjustment/ Urban Redevelopment
Land Readjustment/ Urban Redevelopment Projects and Actions
Projects and Actions
- -Land Auction/Sale of LUR/Land Lease
Land Auction/Sale of LUR/Land Lease
- -Public-Private Partnership
Public-Private Partnership
　　 >>Unsolicited Joint Venture
　　 Unsolicited Joint Venture
　　 >>Solicited Development Proposal
　　 Solicited Development Proposal
- -etc.
etc.
Requirements of
Requirements of
Individual Project
Individual Project
Combination of Development Tools Components
Components
Combination of Development Tools

Attractive Investment Packages
Attractive Investment Packages
55


Vietnam - HCMC Integrated

Urban & Railway
Development

 UMRT Line 1: 19.1km, 638M$, Conventional
Procurement, JBIC loan
 14 Stations
 Station Vicinity Development: PPP
 Land Area: 45.0 ha UG: 5.6 ha
 Floor Area: 138.0 ha UG: 23.6 ha
56  1,273 M$ including infrastructure


Thu Duc-Cho Nho Station

- Sub CBD Development
District-PC (Thu Duc and
HCMC-PC 9), Other Agencies

Planning/ Land Use
Design/ Concession Advice, Thu Duc New CBD Development Committee
Right
Funding Contract Monitoring (Design competition, Development Plans)

Feeder Public Transport
Facility Development Concessionaire
Concessionaire
Program (JBIC’s
Program Loan Package)
Developer Proposal
and Contribution
Construction Construction Design, Build, Finance, Manage

Feeder Bus
Community High Rise Residential/ Commercial
Terminal
Facilities Developments
Facilities

Feeder Bus Government Offices,
Terminal and Community Center,
Parking Facilities Healthcare Facilities,
57 etc.


58


Mien Dong Terminal
- Bus Terminal/Commercial Dev’t
Saigon Mass
Transit
Authority
Funding Support
Escrow Acct

MOCPT/HCMC-PC Subsidy Operation

Dividend and Land Use Right
Revenue Share
(Equity in Kind)

Equity
UMRT Line 1
JV Co.
JV Co. Operation
Private Investor (New Mien Dong
(New Mien Dong
Loan Terminal Co.)
Terminal Co.)

Construction Commercial &
Finance Maintenance
Contract
Contract

Bank or Parent Construction Subcontractors/ Bus
Co. Company Tenants Terminal

Bus Terminal/ Commercial, property Bus Terminal
Commercial Complex, management, maintenance Operation
59 Parking, Access road, of the facilities
Pedestrian Bridge


60


Tsukuba Хурдан Галт
Тэрэг – Хотын
 Tsukuba Express
 Construction:1992-2005
 58.3km (Akihabara-Tsukuba
Science City)
 20 stations (7 underground)
 Metropolitan Railway Co.,Ltd.
(Shareholders: Local
government along the coridor +
207 Private Co.s)
 Finance: 1.05 Tri.Yen (8,500M$)
• 40% Non-interest Loan from
Central Gov’t
• 40% Non-interest Loan from
Local Gov’t
61 • 20%Equity and Gov’t Loan


Нэгтгэсэн Хот Байгуулалт
Болон Төмөр зам

 Орон нутгийн засаг захиргаа  Land Readjustment
 Хөрөнгө оруулалт болон хүүгүй
 17 sites, 3,000ha, 1.2 tri.
зээл, Acquisition of Land in yen (9,700M$)
advance  Housing & Public facility, 4.2
 Facilitating Land Readjustment tri. yen (34,000M$)
 Urban Renaissance Agency
 6 New Towns, 1,421ha,
Population 120,000
62


Tsukuba Хурдан Галт Тэрэг – Аюулыг Ялган Онцлох
Tsukuba Хурдан галт тэргийн
нэгтгэсэн хөгжил

Нийтийн салбар Хувийн салбар
Засгийн Газар Худалдаа арилжааны хөгжил
 Enactment of Integrated Development Law  Хөрөнгө оруулах
in 1989  Хөгжлийн санал төлөвлөгөө
 Хүүгүй зээлийг сунгах  Орон нутгийн засаг захиргааны
 Tsukuba Хурдан галт тэргийн нэгтгэсэн цохиуулалт болон URA
хөгжлийг зохицуулах  Synchronize Commercial and Residential
Орон нутгийн засаг захиргаа Development with Construction of the Railway
 Хөрөнгө оруулалт болон хүүгүй зээл and the stations
 Acquisition of Land in advance  Хөгжлийн санхүүжилт
 Urban Planning and Facilitating Land  Marketing and Management of each
Readjustment around the Stations Commercial Development
Urban Renaissance Agency (URA)
 Proceeding Land Readjustment and
Housing Development

 Creation of Attractive Urban Development Corridor and an Urban Railway System in an integrated
manner 63
 Generation of patronage for the Urban Railway System


Tsukuba Хурдан Галт Тэрэг – Rokucho
Өртөө

64


Misato Chuou Өртөө

65


PPP Issues in UBMPS
 PPP Law- BOT Law Draft
 Sector Laws and Regulations (Railway, Road
and Urban Development), Granting Power,
Subsidy, Fare/Toll setting, Bidding and Evaluation
Procedure, Institutional Setup, Incentives
 Formulation of Attractive Investment Packages
 Strategic Use of Public Land and Land Use
Right
 Utilization of ODA Financing
 Procurement of Long-term Domestic
Financing
 Capacity Building for PPP Expertise (Project
Structuring, Investment Packaging, Tender
66
Preparation, Bid Evaluation, Contract Negotiation,


Хот Байгуулалт
Corridor Хөгжлийн төслийн найрлага Нийтийн Хувийн
1. Нийтйин тээвэрлэлт (Сонголт хийгдэнэ )
(1) Төмөр зам
(2) Метро шугам
(3) LRT
(4) Трамвай
(5) Автобусны зам
(6) Автобус/микро автобус
2. Нэгтгэсэн хот байгуулалт
(1) Өртөө/Нэгтгэсэн хот байгуулалттай газрын
ойролцоох орчимийн өртөө
(2) Inter-modal Complex/ Автобусны эцсийн буудал
(3)Туслах төв
Хариалах дүүргийн төв /Худалдаа
арилжаа/Бизнес/зочид будал /Орон сууцын
3. Feeder Related Facilities
4. Гол их зам/ Хурдны зам
5. Бие даасан 67
худалдаа арилжаа /Орон сууцын хөгжил
6. Аялал жуулчлалын уялдаатай хөгжил


PPP Investment
package

68

Minicipal finance and public private partnership-eng

Recommended

Recommended

More Related Content

What's hot

What's hot (10)

Similar to Minicipal finance and public private partnership-eng

Similar to Minicipal finance and public private partnership-eng (20)

More from Bayar Tsend

More from Bayar Tsend (20)

Minicipal finance and public private partnership-eng

Editor's Notes