Global Project Opportunities: August’ 2015 August: 2015 Compiled by Satpreet Kaur PROJECT EXPORTS PROMOTION COUNCIL OF INDIA (Set up by Ministry of Commerce & Industry, Government of India) 1112 Arunachal Building, 19 Barakhamba Road, New Delhi-110001 Tel.:+91-11-41563287, 41514673 E-mail : info@projectexports.com Web-site : www.projectexports.com 0 Global Project Opportunities: August’ 2015 INDEX 1.0 FOCUS 2.0 PROJECT OPPORTUNITIES (Construction/Turnkey/Consultancy) : list of projects 2.1 3 63 (i) Fairs/Exhibitions (ii) Business Delegations (iii) Symposia/ Conferences/Training Programmes 4 CONSTRUCTION / TURNKEY Water Social Infrastructure Energy Consultancy 4 17 19 3.0 PROJECT REPORTS 24 4.0 WORLD DEVELOPMENT NEWS: 28 I News Clippings II Market/Country news POLICY & PROCEDURES 8.0 PROJECT CONSTRUCTION ITEMS 79 84 9.0 PEPC: WORKING COMMITTEE 95 10.0 Update 97 11.0 EXPORT PROMOTION SCHEME 100 12.0 Financial Assistance B. India news ARTICLES OF INTEREST 7.0 21 A. World Region / markets (a) Asia (b) Africa (c) Middle East (d) Others 5.0 6.0 FORTHCOMING EVENTS : 101 (MDA & MAI Schemes) 51 ANNEXURES: i. MDA Scheme ii. MAI Scheme iii. Screening Committee- Guidelines 13.0 SOURCES OF INFORMATION 104 The news items and information published herein have been collected from various sources, which are considered to be reliable . While every care has been taken for authenticity of the material published, PROJECT EPC accepts no responsibility for authenticity or accuracy of such items 1 Global Project Opportunities: August’ 2015 PROJECTS OPPORTUNITIES (Construciton/Turnkey/Consultancy) S.N o Project Country Dead Line Page Design, Build, Operate & Transfer a 12MLD Wastewater Treatment Plant at Thimphu, Bhutan Bhutan 11 September 2015 4 North-South Road Corridor Investment Program - Tranche 3 Armenia 6 Water Supply and Financing, Armenia Armenia 14 September 2015 26 August 2 0 1 5 WATER Asia Sanitation Sector Project-Additional 9 Construction of Water Distribution and Sewerage Networks of Shixmahmud Town, Republic of Azerbaijan Azerbaijan 03 September 2015 11 Jalalabad Water Rehabilitation Project, Kyrgyz Republic Kyrgyz Repbulic 28 August 2015 13 Transport Infrastructure Investment Sector Project: Construction of New Street Lighting Works on Princes Road, Fiji Fiji 27 August 2015 17 Ratu Dovi Road Street Lighting Works, Fiji Fiji 27 August 2015 18 Afghanistan, Kyrgyz Republic, Pakistan and Tajikistan 31 December 2015 19 Consultancy Services for Rwanda Regional Centre Of Excellence For Biomedical Engineering And E-Health The University Of Rwanda (Ur) Rwanda 17 August 2015 21 The Support to Equipping State Sanitary And Epidemiological Supervision Centers Project Uzbekistan 15 August 2015 22 SOCIAL INFRASTRUCTURE Asia ENERGY Asia Central Asia South Asia Electricity Transmission and Trade Project (CASA-1000 CONSULTANCY Africa Asia 2 Global Project Opportunities: August’ 2015 1.0 FOCUS With just under 80 million people and annual output of some $400 billion, Iran is set to be the biggest economy to rejoin the global trading and financial system since the break-up of the Soviet Union over two decades ago. The Western powers led by the US reached a historic deal with Iran which opened Iran's nuclear sector to international scrutiny in return for lifting of the crippling decades-old economic and military sanctions. Iran has offered India $8 billion worth of infrastructure projects. Iran has urged India to participate in development of sectors of oil and gas, metals and automotive. Iranian Ambassador to India, Gholamreza Ansari, pointed out that India has tremendous opportunities in Iran's connectivity sector - International North South Transport Corridor (INSTC), Chabahar Port and link roads and railways to this strategically located port. This port links to a road India has built in Afghanistan and also with the Kazakh-TurkemIran rail line, reducing transportation time. Decades of economic sanctions and embargo on Iran are very likely to be lifted by year end, opening widespread opportunities for international investors, developers, and manufacturers of the full range of building material, equipment, and cutting-edge construction technologies which the Iranian market urgently needs. FROM “GPO” DESK 3 Global Project Opportunities: August’ 2015 2.0 2.1 PROJECTS OPPORTUNITIES (Construciton/Turnkey/Consultancy) ENGINEERING /TURNKEY WATER Design, Build, Operate & Transfer a 12MLD Wastewater Treatment Plant at Thimphu, Bhutan Project ID No. Project Name: TCC/WWTP/GM/001 Urban Infrastructure Project Country: Bhutan Description: Design, Build, Operate & Transfer a 12MLD Wastewater Treatment Plant at Thimphu, Bhutan Funding agency: Asian Development Bank (ADB) Last date of bid submission 11 September 2015 Price of bidding document: Nu 30,000/- or USD 500 Address for information: Project Manager (PIU), Thimphu Thromde Third Floor, Room No. 303, NPPF Building, Below IMTRAT Telephone No: +975- 02-335944 Fax: +975- 02-335944 Email: tccpiuadb@gmail.com further Invitation for Technical Proposals – Rebidding 1. The Kingdom of Bhutan has received a loan from Asian Development Bank towards the cost of the Urban Infrastructure Project. Part of this loan will be used for payments under the contract named above. 2. The Department of Engineering Services (DES), Ministry of Works and Human Settlement (“the Executing Agency”) and Thimphu Thromde (“the Employer”) invites sealed Technical Proposals from eligible Bidders for the design, construction, supply, installation, testing, commissioning of 12 MLD (average flow) Wastewater Treatment Plant (WWTP), raw wastewater pumping station, DI rising main and other related associated/allied appurtenant works, near Existing WWTP at Babesa, Thimphu, Bhutan (“the Works”) with a total construction period of 30 (thirty) months. The O&M period under the initial contract following the commissioning of plant will be 5 years. The initial contract has a sole-source renewal contract award provision at the end of the initial contract period for additional 5 years subject to satisfactory performance under the initial contract. 3. International Competitive Bidding will be conducted in accordance with ADB’s TwoStage Bidding Procedure and is open to all Bidders from eligible countries as described in the Bidding Document. 4. Only eligible bidders with following key qualifications should participate in this bidding: 4 Global Project Opportunities: August’ 2015 General Construction Experience requirement: 10 years Financial requirement: Minimum Average Annual Turnover of US$10 million in the last three years. Construction Experience requirement: Participation in at least one Contract that has been successfully or substantially completed within the last ten years and that is similar to the proposed work, where the value of Bidder’s participation exceeds US$ 8 million Experience in Key Activities: Must have Built 1 project of 10MLD Domestic Wastewater Treatment Plant (WWTP) based on Sequential Batch Reactor (SBR) Technology in last 10 year. Equipment requirement: Tipper (min 5 -8 cum capacity) -3nos; Back hoe Loader -1no; Hydraulic Excavator (PC 200)-01; Concrete mixer (7/5 Cft.)-03; Concrete Batching Plant (12 Cum Capacity)-01; Dewatering Pump (10 HP)-02 & Survey Instrument/ Total station (complete)-01 Personnel for the project based requirement: Construction/Project Manager with Bachelor's Degree in Civil/Electrical/Mechanical Engineering), Supervision Engineer (with Bachelor's Degree (preferably Master’s Degree) in Civil Engineering), Surveyor (with Certificate preferably Diploma or equivalent in Surveying), Instrumentation Engineer (with a Bachelor’s Degree, preferably Master's Degree in Electrical/Mechanical Engineering or equivalent/similar field),), Sewerage Engineer (with a Bachelor’s Degree, preferably Master's Degree in Public Health Engineering or equivalent/similar field), Mechanical Engineer (with Bachelor's Degree in Mechanical Engineering, Electrical Engineer (with Bachelor's Degree in Electrical Engineering), Structural Engineer (with Bachelor's Degree preferably Master's Degree in Structural Engineering The details of above requirements are specified in the Bidding Documents. 5. To obtain further information and inspect the Bidding Documents, Bidders should contact: Project Manager (PIU), Thimphu Thromde Third Floor, Room No. 303, NPPF Building, Below IMTRAT Telephone No: +975- 02-335944 Fax: +975- 02-335944 Email: tccpiuadb@gmail.com 6. To purchase the Bidding Documents in English, eligible Bidders should: Write to the address above requesting the Bidding Documents for TCC/WWTP/GM/001 Design, Build and Operate Wastewater Treatment Plant at Thimphu, Bhutan Pay a non-refundable fee of Nu 30,000/- or USD 500 by cash/draft. The Bid documents will be on sale from 28 July 2015 till 10 September 2015 from 09:00 hours till 17:00 hours on any working day. Upon receipt of appropriate evidence of payment of the non-refundable fee, the Bidding Documents will be promptly dispatched by courier. However, no liability can be accepted for their loss or late delivery. If requested, the documents can be sent electronically after presentation by the prospective Bidder of appropriate evidence of payment of the non-refundable fee. In the event of discrepancy between electronic and hard copies of the Bidding Documents, the hard copy shall prevail. 7. A Pre-Bid Meeting will be held on 18 August 2015 at 14:00hrs at the Conference Hall of Ministry of Works & Human Settlement. 8. The Technical Proposals must be delivered: a. to the address above; b. on or before 14:00 hours on 11 September 2015; c. together with a Bid Security as described in the Bidding Document 9. Technical Proposals will be opened immediately after the deadline of submission in the presence of Bidders’ representatives who choose to attend. 5 Global Project Opportunities: August’ 2015 North-South Road Corridor Investment Program - Tranche 3 Project ID No. Project Name: T3-CW-01 North-South Road Corridor Investment Program - Tranche 3 Country: Republic of Armenia Description: Reconstruction and improvement of the M1 Talin to Gyumri Road from km 71+500 to km 90+200 (Talin - Lanjik section) Funding agency: Asian Development Bank (ADB) Last date of bid submission 14 September 2015 Price of bidding document: Two Hundred US Dollars ($200) or One Hundred Thousand Armenian Drams (AMD100,000) Address for submission of bid: Office of "Organization for Implementation of North-South Road Corridor Investment Program" SNCO Street Address: 58, Pushkin Street City: Yerevan ZIP Code: 0002 Country: Republic of Armenia Telephone: tel.: /+374 60 50 68 70 Electronic mail address: info@northsouth.am 1. The Republic of Armenia has received financing from the Asian Development Bank (ADB) towards the cost of the North-South Road Corridor Investment Program - Project 3. Part of this financing will be used for payments under the Contract named above. Bidding is open to Bidders from eligible source countries of the ADB. 2. The Ministry of Transport and Communication (“the Employer”) of the Republic of Armenia now invites sealed Bids from eligible Bidders for the: Reconstruction and improvement of the M1 Talin to Gyumri Road from km 71+500 to km 90+200 (Talin Lanjik section); upgrading and widening of the existing M1 Talin to Gyumri Road from 2-lane single carriageway to 4-lane dual carriageway (“the Works”). The total length of the upgrading and widening Contract is 18.700 km which comprises construction of a new 4-lane dual carriageway with cement concrete pavement between Talin and Lanjik. Approximately 7.150 km is to be built on a new alignment to achieve the required operating standard, particularly on the escarpment section at Mastara. Where the existing alignment is followed, the second carriageway is generally to be built alongside the existing road. There will be a total of 2 new grade-separated interchanges, both of which are overpasses. Each overpass utilizes standard 18m long normally reinforced beams, all with conventional reinforced concrete decks. In addition to the interchanges T-junctions will be constructed to provide connection to local roads/communities. Other reinforced concrete structures comprise agricultural overpasses/underpasses for machinery, pedestrians and animals; agricultural underpasses for animals and pedestrians; bridge and culverts for surface water and irrigation systems. The road pavement will comprise 35cm thickness of granular sub base, two layer of 18cm of crushed stone base course each (total 36cm crushed stone base course) and 24cm of cement concrete pavement. Shoulders and median will be covered with double seal surface dressing. Access roads and acceleration/deceleration lanes are to be paved with asphalt concrete. The project road is located NorthWest of Yerevan, the capital of Armenia at an altitude between 1,400 and 1,900m above mean sea level. 3. The completion period is 540 days 6 Global Project Opportunities: August’ 2015 4. International Competitive Bidding (ICB) will be conducted in accordance with ADB’s Single-Stage, TwoEnvelope bidding procedure and is open to all Bidders from ADB eligible countries as described in the Bidding Document. 5. The Bidders should have the following main qualifications: All pending litigation and arbitration, if any, shall be treated as resolved against the Bidder and so shall in total not represent more than 50 (fifty) percent of the Bidder’s net worth calculated as the difference between total assets and total liabilities should be positive Minimum average annual Construction turnover of US$ FIFTY THREE MILLION (53,000,000) calculated as total certified payments received for contracts in progress or completed, within the last FIVE (5) years Has completed as prime contractor at least one project valued US$ THIRTY TWO MILLION (32,000,000) and similar to the proposed project in the last TEN (10) years, and successfully handed over to the Client the bidder must have construction experience in the following key activities: (a) Laying of 140,000 cubic meters of crushed stone during any one year of the last TEN (10) years; (b) Implementation of 800,000 cubic meters of cement-concrete road pavement during any of the years of the last 10 years; (c) Construction of 1,400,000 cubic meters of embankment during any of the years of the last 10 years; 6. To purchase the bidding documents and/or obtain further information, bidders should contact: Office of Organization for Implementation of North-South Road Corridor Investment Program” SNCO "Organization for Implementation of North-South Road Corridor Investment Program" SNCO Street Address: 58, Pushkin Street City: Yerevan ZIP Code: 0002 Country: Republic of Armenia Telephone: tel.: /+374 60 50 68 70 Electronic mail address: info@northsouth.am 7. The electronic version of Bidding documents (including drawings, specifications and bill of quantities) in English language may be purchased from the office of “Organization for Implementation of NorthSouth Road Corridor Investment Program” SNCO (the Beneficiary) starting from 27 July 2015. The bidding documents will be issued during normal working hours from 9:00 a.m. to 5:00 p.m. upon submission of a written application to the address above and upon payment of a nonrefundable fee of NET Two Hundred US Dollars ($200) or One Hundred Thousand Armenian Drams (AMD100,000) and upon presentation of the receipt of the respective payment. The method of payment will be banking transfer to the Beneficiary's following bank account. For AMD transfers within Armenia Bank: Araratbank OJSC Addr: 19 Pushkin Street, Yerevan, Armenia Beneficiary account: 1510009017860500 Beneficiary: “Organization for Implementation of North-South Road Corridor Investment Program” SNCO Tax Payer Code: 027 089 21 Yerevan, Nalbandyan 28 For USD transfer from outside of Armenia Correspondent Bank: Standard Chartered Bank, New York, USA, Addr: One Madison Avenue, New York, N.Y.10010-3603, SWIFT: SCBLUS33. Routing No 026002561 Beneficiary’s Bank: Araratbank OJSC, Addr: 19 Pushkin Street, Yerevan, Armenia; Account no: 1510009017860301 SWIFT: ARMCAM22; IBAN: 358 202 357 10 01 Beneficiary: “Organization for Implementation of NorthSouth Road Corridor Investment Program” SNCO; 7 Global Project Opportunities: August’ 2015 or Correspondent Bank: CitiBank N.A., 111 Wall Street, New York, NY, 10043, SWIFT: CITIUS33 Beneficiary’s Bank: Araratbank OJSC, Addr: 19 Pushkin Street, Yerevan, Armenia; Account no: 1510009017860301 SWIFT: ARMCAM22; IBAN: 362 547 74 Beneficiary: “Organization for Implementation of NorthSouth Road Corridor Investment Program” SNCO; or Correspondent Bank: Raiffeisen Zentralbank Oesterrieich AG, SWIFT: RZBAATWW Beneficiary’s Bank: Araratbank OJSC, Addr: 19 Pushkin Street, Yerevan, Armenia; Account no: 1510009017860301 SWIFT: ARMCAM22; IBAN: 070-55.076.558 USD Beneficiary: “Organization for Implementation of NorthSouth Road Corridor Investment Program” SNCO; 8. The Employer will not be responsible for any costs or expenses incurred by Bidders in connection with the preparation or delivery of Bids. 9. Pre-bid Conference shall take place on 24 August 2015 at 15:00 at the Meeting room of the Ministry of Transport and Communication of Republic of Armenia. Site visit will be organized by the Employer on 25 August 2015. The Employer encourages all potential bidders who have purchased the bidding documents to attend the pre-bid conference. 10. Bids must be delivered at or before 15:00 (Yerevan time) on 14 September 2015 to the address above together with a Bid Security in the amount as described in the Bidding Documents. 11. Late bids shall be rejected. Bids will be opened immediately after the deadline in the presence of bidders’ representatives who choose to attend bid opening at the following address: Meeting room, "Organization for Implementation of North-South Road Corridor Investment Program" SNCO Street Address: 58, Pushkin Street City: Yerevan Country: Republic of Armenia 8 Global Project Opportunities: August’ 2015 Water Supply and Sanitation Sector Project-Additional Financing, Armenia Project ID No. Project Name: L2860-ICB-1-09/1 Water Supply and Sanitation Sector Project-Additional Financing Country: Armenia Description: Improvement of the Water Supply Systems in Artik town and Nor Kyank, Vardakar, Hovtashen villages and reconstruction of the external water main in Geghanist, Mets Mantash villages Funding agency: Asian Development Bank (ADB) Last date of bid submission 26 August, 2015 Price of bidding document: USD 100 or AMD 40,000 Address for information: Armenian Water and Sewerage CJSC (AWSC), Investment Programs Coordination Directorate (IPCD), To: Mr. Norik Gevorgyan, AWSC IPCD director Attn.: Mr. Eduard Chil-Akopyan, AWSC IPCD, Project Manager, Ms. Kristine Ghambaryan, Procurement officer, Address: Floor 3, Vardanants Blind Alley 8a, 0010, Yerevan, Armenia Tel./Fax: +374 10 54 28 77 E-mail: ngevorgyan@armwater.am; echilakopyan@armwater.am; kghambaryan@armwater.am further Invitation for Bids 1. The Republic of Armenia has received financing from the Asian Development Bank (ADB) towards the cost of 2860-ARM: Water Supply and Sanitation Sector Project Additional Financing. Part of this financing will be used for payments under the contract named above. This contract will be jointly financed by the Armenian Government. The eligibility rules and procedures of the ADB will govern the bidding process. 2. The Armenian Water and Sewerage CJSC (“the Employer”) invites sealed bids from eligible Bidders for the construction and completion of L2860-ICB-1-09/1, Improvement of the Water Supply Systems in Artik town and Nor Kyank, Vardakar, Hovtashen villages and reconstruction of the external water main in Geghanist, Mets Mantash villages The Works consists of: Artik town -Construction of 9.5km length, de160-de40 PE waterline -Construction of 3.4km length, de32-de20 PE inlet lines for private houses with installation of 352 water meter chambers Nor Kyank village -Rehabilitation of 150m3 and 250m3 DRRs by reconstruction of technological units and pipes -Construction of 11.5km length, de200-de40 PE waterline -Construction of 3.0km length, de32-de20 inlet lines for private houses with installation of 350 water meter chambers Vardakar village -Rehabilitation of 200m3 DRRs by reconstruction of technological units and pipes -Construction of 7.5km length, de160-de50 PE waterline -Construction of 1.7km length,de32-de20 PE inlet lines for private houses with installation of 200 water meter chambers Hovtashen village -Rehabilitation of 200m3 DRRs by reconstruction of technological units and pipes -Construction of 3.2km length, de160-de40 PE waterline 9 Global Project Opportunities: August’ 2015 -Construction of 1.0km length, de32-de20 PE inlet lines for private houses with installation of 100 water meter chambers Mets Mantash village -Construction of 2.8km length, de160 PE water main in the external system Geghanist village Construction of 2.3km length, de160 PE water main in the external system 3. International Competitive Bidding will be conducted in accordance with ADB’s “Single-Stage: OneEnvelope” bidding procedure and is open to all Bidders from eligible source countries. 4. Only eligible bidders with the following key qualifications should participate in this bidding: -Minimum average annual construction turnover of US$ 3,100,000 (three million one hundred thousand US dollars) calculated as total certified payments received for contracts in progress or completed, within the last 3 (three) years. -Access to or availability of financial resources such as liquid assets, unencumbered real assets, lines of credit and other financial means, other than any contractual advance payments for the amount US$ 440,000 (four hundred forty thousand US dollars). -Participation as contractor, management contractor, or subcontractor, in at least 1 (one) contract within the last 3 (three) years, each with a value of at least US$ 1,320,000 (one million three hundred twenty thousand US dollars) that has been successfully or is substantially completed and that is similar to the proposed works. The similarity shall be construction of 10km of PE Pipelines. -All pending litigation shall be treated as resolved against the Bidder and so shall in total not represent more than 50 percent of the Bidder’s net worth. The Bidder shall hold a valid and effective license/permit for hydro-technical facilities, issued by the RA Urban Development Ministry. In case of the absence of this license/permit the Bidders shall submit with the bid a signed statement that if the bidder is awarded the Contract he will obtain the required license from the RA Urban Development Ministry. 5. To obtain further information and inspect the bidding documents, bidders should contact: Armenian Water and Sewerage CJSC (AWSC), Investment Programs Coordination Directorate (IPCD), To: Mr. Norik Gevorgyan, AWSC IPCD director Attn.: Mr. Eduard Chil-Akopyan, AWSC IPCD, Project Manager, Ms. Kristine Ghambaryan, Procurement officer, Address: Floor 3, Vardanants Blind Alley 8a, 0010, Yerevan, Armenia Tel./Fax: +374 10 54 28 77 E-mail: ngevorgyan@armwater.am; echilakopyan@armwater.am; kghambaryan@armwater.am 6. To purchase the bidding documents in English, eligible bidders should: Write to address above requesting the bidding documents for L2860-ICB-1-09/1, Improvement of the Water Supply Systems in Artik town and Nor Kyank, Vardakar, Hovtashen villages and reconstruction of the external water main in Geghanist, Mets Mantash villages Pay a non-refundable fee of USD 100 or AMD 40,000 payable to the account indicated below. The method of payment will be direct deposit to Armenian Water and Sewerage CJSC’s cash box or direct payment to Armenian Water and Sewerage CJSC’s below specified account numbers: For US Dollars: account No. 160483054419 with VTB Bank Armenia (SWIFT Code: ARMJAM22), 46, Nalbandyan Street, 0010, Yerevan, Republic of Armenia or For Armenian Drams: account No. 247010078175 with ARDSHININVESTBANK (SWIFT Code: ASHBAM22), 13, Grigor Lusavorich Street, 0010, Yerevan, Republic of Armenia. 7. Deliver your bid: To the address above On or before the deadline 26 August, 2015; 15:00 (local time) Together with a Bid Security as described in the Bidding Document Bids will be opened immediately after the deadline for bid submission in the presence of bidders’ representatives who choose to attend. 10 Global Project Opportunities: August’ 2015 Construction of Water Distribution and Sewerage Networks of Shixmahmud Town, Republic of Azerbaijan Project ID No. Project Name: MFF-033-T2-ICB-1.07 Water Supply and Sanitation Investment Program - Tranche 2 Country: Republic of Azerbaijan Description: Construction of Water Shixmahmud Town Funding agency: Asian Development Bank (ADB) Last date of bid submission 03 September 2015 Price of bidding document: Manat 250 or US$ 250 Address for submission of bids State Amelioration and Water Management Committee, Nakhchivan AR Khatai district, Nakhchivan Distribution and Sewerage Networks Invitation for Bids 1. The Republic of Azerbaijan has received a loan from the Asian Development Bank (ADB) towards the cost of Loan 2842-AZE: Water Supply and Sanitation Investment Program – Project 2. Part of this loan will be used for payments under the Contract named above. Bidding is open to bidders from eligible source countries of the ADB. 2. The State Amelioration and Water Management Committee (SAWMC) of the Nakhchivan AR “the Employer” invites sealed bids from eeligible bidders for the Construction of Water Distribution and Sewerage Networks of Shixmahmud Town, consisting of, but not limited to, the following: A. Water Supply System Construction of water distribution network – 32,222 m, together with associated valves, fire hydrants, fittings, etc. Connection of houses including supply and installation of water meters – 932 sets. B. Sewerage System Construction of wastewater (sewerage) network – 32,348 m Construction of wastewater (sewerage) manholes – 750 sets Connections –932 sets. The estimated implementation period is 365 days. 3. All the works described above must be implemented as shown in the drawings and specifications. For further information, the bidders should refer to the details indicated in Section 6, Employer’s Requirement of the bidding document. 4. International Competitive Bidding will be conducted in accordance with ADB’s SingleStage: OneEnvelope bidding procedure and is open to all Bidders from eligible countries as described in the Bidding Documents. 5. Only eligible bidders with the following key qualifications should participate in this bidding: Experience in construction and successful completion of minimum one (1) contract with similar works, with a value of at least equivalent to Eight Million US Dollars ($8,000,000) within last five (5) years; 11 of Global Project Opportunities: August’ 2015 Minimum average annual construction turnover shall be at least equivalent to Twenty Four Million US Dollars ($24,000,000) calculated as total certified payments received for contracts in progress or completed, within the last three (3) years; Access to or availability of financial resources such as liquid assets, unencumbered real assets, line of credit and other financial means, other than any contractual advance payments for the amount of Three Million One Hundred Thousand US Dollars (US$ 3,100,000) to meet the bidder’s financial resource requirement; All pending litigation shall be treated as resolved against the Bidder and so shall in total not represent more than 50 percent of the Bidder’s net worth. 6. To obtain further information and inspect the bidding documents, bidders should contact: Mr. Ibrahim Mammadov, Director of Project Management Unit (PMU) State Amelioration and Water Management Committee, Nakhchivan AR Khatai district, Nakhchivan The Republic of Azerbaijan, Nakhchivan Autonomous Republic Telephone: (+99436) 5452618 Facsimile number: (+99436) 5453067 Electronic mail address: dmstk@nakhchivan.az 7. To purchase the bidding documents in English, eligible bidders should: Write to the address above requesting the bidding documents for Construction of Water Distribution and Sewerage Networks of Shixmahmud Town Pay a non-refundable fee of Manat 250 or US$ 250 by direct deposit to the Account No. mentioned below. Upon receipt of appropriate non-refundable fee to the bank account of SAWMC, official representatives of the bidders may pick-up the bidding documents at the SAWMC office. Alternatively, SAWMC may dispatch by courier the bidding documents to the interested bidders after receiving their written request and after receiving the required amount in the Bank account. The bidding document may be sent via courier for an additional fee of Manat 100 or US$100. Upon receipt of the cleared payment of the non refundable fee, including courier fee, the documents will promptly be dispatched by courier. No liability will be accepted by SAWMC for loss or late delivery. Beneficiary’s Name: State Amelioration and Water Management Committee (SAWMC), Nakhchivan AR TAX ID: 0200022991 Beneficiary’s Bank: Nakhchivan Office of the Central Bank of Azerbaijan Republic Code: 502906 TAX ID: 0200087741 Correspondent Acc No: AZ88NABZ01451700000000012944 SWIFT Code: NABZAZ2C Manat account No: AZ95NABZ12360150000000026944 USD account No: AZ91NABZ12360250000000001840 8. Please deliver your bid in English language to the address: State Amelioration and Water Management Committee, Nakhchivan AR Khatai district, Nakhchivan on or before the deadline 03 September 2015 at 10:00 AM (Baku Time) together with a Bid Security as specified in the bidding document 9. Bids will be opened immediately after the deadline in the presence of bidders’ representatives who choose to attend. 12 Global Project Opportunities: August’ 2015 Jalalabad Water Rehabilitation Project, Kyrgyz Republic Project ID No. Project Name: 7947-IFT-40753 Jalalabad Water Rehabilitation Project Country: Kyrgyz Republic Description: JWRP-8.3 Rehabilitation of water distribution network and installation of domestic water meters in Jalalabad Funding agency: IBRD Last date of bid submission 28 August 2015 Address for information: further Upravlenie “Jalal-Abadvodokanal” OJWRP Project Implementation Unit 1a, Strelkovyi Street Jalalabad, City Kyrgyz Republic Phone: +996 3722 70030 Fax: +996 3722 73320 E-mail: jalalabadvodokanal@rambler.ru, aitbaev_61@mail.ru Jalalabad City and Upravlenie “Jalal-Abadvodokanal” (hereinafter referred to as “the Employer”) intend using part of the proceeds of a loan from the European Bank for Reconstruction and Development (“the Bank”) and a grant from the Swiss State Secretariat for Economic Affairs (“SECO”) towards the cost of the Jalalabad Water and Wastewater Rehabilitation Project. The proceeds of the Bank’s loan and SECO grant will not be used for the purpose of any payment to persons or entities, or for any import of goods, if such payment or import is prohibited by a decision of the United Nations Security Council taken under Chapter VII of the Charter of the United Nations. The Employer now invites sealed tenders from Contractors for the following contract to be funded from part of the proceeds of the loan and the grant: JWRP-8.3: Rehabilitation of Water Distribution Network and Installation of Domestic Water Meters in Jalalabad; including the provision of all related installation and civil works: Drinking Water Pipelines, Valve Chambers, Valves, Fittings, Fire Hydrants etc. for the Distribution Network: o o o o HDPE100, HDPE100, HDPE100, 196 Valve Pipes, Fittings etc. for the connection of Water Meter Boxes to the Distribution Network and for house connections, including the provision of all related installation and civil works: o o HDPE100, SDR17, PN10, DN50, total length approx. 8.9 km HDPE100, SDR17, PN10, DN25, total length approx. 128 km Water Meter Boxes for outdoor installation, including the provision of all related manufacturing, installation, assembly and civil works: o Manufacturing of 167 Water Meter Boxes suited for the installation of up to 12 or up to 16 domestic water meters (DN15) SDR17, PN10, DN225, approx. 2.4 km SDR17, PN10, DN160, approx. 3.2 km SDR17, PN10, DN110, approx. 17 km Chambers 13 Global Project Opportunities: August’ 2015 o Assembly and installation of all equipment to be installed inside the Water Meter Boxes (2'468 Water Meters DN15, Pipes, Valves, Fittings, etc.) NOT included is: The supply of equipment to be installed inside the Water Meter Boxes (2'468 Water Meters DN 15, Pipes, Valves, Fittings, etc.). This supply is part of a separate Tender. It is expected that this equipment will be ready for installation from October 2015 on. Tendering for contracts to be financed with the proceeds of the Bank’s loan and SECO grant and is open to firms, joint ventures and consortiums from any country. To be qualified for the award of the contract, Tenderers must satisfy the following minimum criteria set forth in Vol. I.ii of the Tender Documents: 1. a. b. General Experience. The applicant shall meet the following minimum criteria: average annual turnover as lead contractor (defined as billing for works in progress and completed) over the last three (3) years of EUR 500’000 per year equivalent; the Tenderer has satisfactorily executed at least two (2) projects of a nature and complexity comparable to the proposed contract within the last seven (7) years. The Tenderer must thus provide the fully completed and duly signed Project Reference Form (Vol. I.vi). 2. Personnel Capabilities. The applicant shall demonstrate by signing the attached List of Personnel(according to Form presented in Tender Documents Vol. I.vi) suitably qualified and professional key personnel to fill the following positions. Each candidate shall meet the experience requirements specified below: (Key personnel position – Total experience, years – In similar works, years) Contract/ Implementation Manager – 10 – 3 Deputy Implementation Manager –5 – 3 Site Supervisor (Authorised for Construction Supervision) – 5 – 3 Deputy Site Supervisor (Authorised for Construction Supervision) – 5 – 2 Civil Engineer – 5 – 3 Hydraulic/ Water Supply Engineer – 5 – 3 Metal Worker (For manufacturing of the Water Meter Boxes) – 5 – 3 Surveyor – 5 – 3 2 Welding Specialist (PE and PP ) – 5 – 5 Welding Specialist (Steel) – 5 – 2 It is expected that the applicant has to form several installation teams working concurrently to complete the works within 15 months. Thus the applicant must plausibly show with how many teams and what staffing of each team he intends to achieve the timely implementation. The applicant must fill in and sign the according forms in Vol. I.vi of the Tender Documents (list of key personnel and list of installation teams). 3. Equipment Capabilities The applicant shall own, or have assured access to (through hire, lease, purchase agreement, availability of manufacturing equipment, or other means), at least the following key equipment in full working order and safe, and must demonstrate by signing the attached Equipment Forms (Vol. I.vi) that, based on known commitments, the equipment will be available for use in the proposed contract. (Main equipment – Minimum number required) 14 Global Project Opportunities: August’ 2015 Excavator (> 18 t operating weight) with different buckets/ tools such as backhoe bucket with teeth (volume 0.5 – 1.0 m³), backhoe bucket with cutting edge, clamshell bucket, sorting grapple, ripper, hydro hammer – 3 Wheel loader (> 5 t operating weight and > 3.5 t tipping load) with bucket and fork carrier – 2 Jackhammer (electrical and/ or pneumatic) – 3 Mobile crane to install pipes/ valves/ valve chambers – 2 Off road truck with 4 or 6 wheels and charge weight > 8 t – 2 Tamper for compaction and use in trenches (> 60 kg) – 3 Single drum vibratory roller (> 150 kg) – 2 Drainage pump with minimal capacity of 30 m3/h – 3 Survey equipment necessary for pipe laying and surveying of laid pipe – 3 Welding equipment for Polyethylene PE pipes (DN25 – 315) including power generator – 3 Welding equipment for Polypropylene (PP) pipes (D20 – 50) including power generator – 2 Welding and cutting equipment for the manufacturing of the water meter boxes (steel) and welding equipment for the installation works of steel pipes, including power generator – 2 Asphalt cutting equipment – 2 Road-roller for asphalt compacting – 1 Vibrator for concrete works – 2 4. Financial Position. The applicant shall demonstrate that he has access to, or has available, liquid assets, unencumbered real assets, lines of credit, and other financial means sufficient to meet the supply, installation and construction cash flow for the contract for a period of 3 months, estimated as not less than EUR 120’000.- equivalent, taking into account the applicant's commitments for other contracts. The balance sheets and income statements (audited or confirmed by State Tax Authority) for the last three (3) years shall be submitted and must demonstrate the soundness of the applicant's financial position, showing long-term profitability. Where necessary, the Employer will make inquiries with the applicant's bankers. 5. Litigation History. The applicant shall sign the Litigation History Form in Vol. I.vi of the Tender Documents confirming that he is not involved in any current or past litigation or arbitration resulting from contracts completed or under execution by him over the last five years. 6. Qualification criteria for joint ventures. Joint ventures (including) consortiums must satisfy the following minimum qualification requirements: a. b. c. The lead partner shall meet not less than 70 percent of all the qualifying criteria for general experience and financial position specified above. The other partners shall meet not less than 30 percent of all the qualifying criteria for general experience and financial position specified above. The joint venture must satisfy collectively the criteria for personnel and equipment capabilities stated above, for which purpose the relevant figures for each of the partners shall be added to arrive at the joint venture's total capacity. However, individual partners of the joint venture must each satisfy the requirements for the financial position and for litigation. In case of a contract award, the joint venture / consortium agreement shall be signed con-firming joint and several liability of all members for Contract performance. Tender documents may be obtained from the office of JVK (see address below) by furnishing a payment in the amount of EUR 100.- (one hundred) to the bank account of JalalAbadvodokanal (JVK) or the equivalent sum in KGS (Kyrgyz Som) at the rate issued by the National Bank of Kyrgyzstan at the date of payment; and providing evidence that the full amount of EUR 100 for the tender documents have been transferred to JVK’s account (ALL bank/ transfer fees must be covered by the Tenderer). 15 Global Project Opportunities: August’ 2015 The payment for the tender documents shall be made to the following bank account of Upravlenie “JalalAbadvodokanal” (JVK): Beneficiary Name: Jalalabad Vodokanal Beneficiary Bank: OJSC „Commercial Bank Kyrgyzstan“ Jalal-Abad, Kyrgyzstan, 720908 SWIFT: KYRS KG22 Beneficiary account: 1031520000003962 Beneficiary address: 1a, Strelkoviy Street, Jalalabad 720903, Kyrgyz Republic Please indicate on the payment the following reference of the tender: JWRP-8.3. The tender documents will be distributed as electronic documents in pdf-format through a download-link from a File Transfer Protocol (FTP) Server. No hard copies will be sent. A register of potential Tenderers who have ordered the tender documents may be inspected at Upravlenie “Jalal-Abadvodokanal” address below. Prospective Tenderers may obtain further information from, and inspect and acquire the tender documents at the following office: Upravlenie “Jalal-Abadvodokanal” Mr Aitbaev Sadyr Head of Project Implementation Unit 1a, Strelkovyi Street Jalalabad, City Kyrgyz Republic E-mail: jalalabadvodokanal@rambler.ru, aitbaev_61@mail.ru In order to provide additional information on the tender procedure, the goods to be supplied and the works to be performed, a pre-tender meeting and site visit shall take place as follows: Date: 4 August 2015, 10h00 – approx. 13h00 local time Meeting Place: Administration Building of Upravlenie “Jalal-Abadvodokanal” (see address above) The tenderers’ participation at the pre-tender meeting is highly recommended. Hardcopies of the Tenders must be delivered to the office of Upravlenie “Jalal-Abadvodokanal” at the address below on or before 28 August 2015, 10h00 local time, at which time they will be opened in the presence of those Tenderers’ representatives who choose to attend: Upravlenie “Jalal-Abadvodokanal” OJWRP Project Implementation Unit 1a, Strelkovyi Street Jalalabad, City Kyrgyz Republic Phone: +996 3722 70030 Fax: +996 3722 73320 E-mail: jalalabadvodokanal@rambler.ru, aitbaev_61@mail.ru 16 Global Project Opportunities: August’ 2015 SOCIAL INFRASTRUCTURE Transport Infrastructure Investment Sector Project: Construction of New Street Lighting Works on Princes Road, Fiji Project ID No. Project Name: FRA 15/43 Transport Infrastructure Investment Sector Project Country: Fiji Description: Construction of New Street Lighting Works on Princes Road Funding agency: Asian Development Bank (ADB) Last date of bid submission 27 August 2015 Address for information: Office of Fiji Road Authority Level 1, Building 3, Revenue & Customs Services Complex Lot 1, Corner of Queen Elizabeth Drive & Ratu Sukuna Road, Nasese Suva, Fiji. Phone No: 00679 310 0114/115, Fax 3100 044 Email: procurement@fijiroads.org Web site: www.fijiroads further Invitation for Bids The Fiji Roads Authority now invites sealed Bids from eligible Bidders for the construction of New Street Lighting Works on Princes Road. National Competitive Bidding will be conducted in accordance with ADB’s Single Stage: One- Envelope Bidding procedure and is open to all Bidders from eligible countries as described in the Bidding Document. The Bidding Document, in the English language, may be downloaded by interested Bidders from Tender link (https://www.tenderlink.com/fijiroads/ ) and the FRA Web Site www.fijiroads.org on 27 July 2015. The Fiji Roads Authority will not be responsible for any costs or expenses incurred by Bidders in connection with the preparation or delivery of Bids. Hard copies of the Bidding Document will be available from the office of FRA located at: Level 1, Building 3, Revenue & Customs Services Complex Lot 1, Corner of Queen Elizabeth Drive & Ratu Sukuna Road, Nasese Suva, Fiji. Phone No: 00679 310 0114/115, Fax 3100 044 Email: procurement@fijiroads.org Web site: www.fijiroads.org Deliver your bid to the address above on or before 4:00 P.M. Thursday 27 August 2015 together with a Bid Security as described in the Bidding Document. 17 Global Project Opportunities: August’ 2015 Ratu Dovi Road Street Lighting Works, Fiji Project ID No. Project Name: FRA15/84 Transport Infrastructure Investment Sector Project Country: Fiji Description: Ratu Dovi Road Street Lighting Works Funding agency: Asian Development Bank (ADB) Last date of bid submission 27 August 2015 Address for information: Level 1, Building 3, Revenue & Customs Services Complex Lot 1, Corner of Queen Elizabeth Drive & Ratu Sukuna Road, Nasese Suva, Fiji. Phone No: 00679 310 0114/115, Fax 3100 044 Email: procurement@fijiroads.org Web site: www.fijiroads.org further Invitation for Bids The Republic of Fiji has received a loan from the Asian Development Bank (ADB) towards the cost of Transport Infrastructure Investment Sector Project and it intends to apply part of the proceeds of this loan to payments under the contract for Ratu Dovi Road Street Lighting Works FRA15/84. The Fiji Roads Authority now invites sealed Bids from eligible Bidders for the installation of New Street Lighting Works on the villages. National Competitive Bidding will be conducted in accordance with ADB’s SingleStage: One- Envelope Bidding procedure and is open to all Bidders from eligible countries as described in the Bidding Document. The Bidding Document, in the English language, may be downloaded by interested Bidders from Tenderlink (https://www.tenderlink.com/fijiroads/) and the FRA Web Site www.fijiroads.org on 27 July 2015. The Fiji Roads Authority will not be responsible for any costs or expenses incurred by Bidders in connection with the preparation or delivery of Bids. Hard copies of the Bidding Document will be available from the office of FRA located at: Level 1, Building 3, Revenue & Customs Services Complex Lot 1, Corner of Queen Elizabeth Drive & Ratu Sukuna Road, Nasese Suva, Fiji. Phone No: 00679 310 0114/115, Fax 3100 044 Email: procurement@fijiroads.org Web site: www.fijiroads.org Deliver your bid to the address above on or before 4:00 P.M. Thursday 27 August 2015 together with a Bid Security as described in the Bidding Document. 18 Global Project Opportunities: August’ 2015 ENERGY Central Asia South Asia Electricity Transmission and Trade Project (CASA-1000 Project ID No. Project Name: Central Asia South Asia Electricity Transmission and Trade Project (CASA-1000 Country: Afghanistan, Kyrgyz Republic, Pakistan and Tajikistan Funding agency: Islamic Development Bank Last date of bid submission 31 December 2015 Address for information: Mrs. Olga Mandrugina COP, Energy Links ECODIT LLC E-mail: om@energylinks.org : Phone: +7 727 293 0120; Web: www.casa-1000.org further Mr. Medetbek Aitkulov Director General National Electric Grid of Kyrgyzstan Tel: +996-312661001 ; E-mail: nesk@elcat.kg ;Web: http://nesk.energo.kg Mr. Rustam Rahmatzoda Chairman Barki Tojik Tel: +992-372358766 ; Fax: +992-372358694; E-mail: rahmatzoda_rm@mail.ru ; Web: www.barkitojik.tj Mr. Arshad Chaudhry Managing Director National Transmission and Dispatch Company (NTDC) Tel: +92-4299202229 ; Fax: +92-99202053 ; E-mail: md.ntdc@ntdc.com.pk GENERAL PROCUREMENT NOTICE Afghanistan, Kyrgyz Republic, Pakistan and Tajikistan Central Asia South Asia Electricity Transmission and Trade Project (CASA-1000) Energy Sector GENERAL PROCUREMENT NOTICE Mode of Financing: Istisna’a / Loan The countries of Kyrgyz Republic, Pakistan and Tajikistan have applied for a financing from the Islamic Development Bank toward the cost of the CASA-1000 Project, and they intend to apply part of the proceeds to payments for goods, works and related services to be procured under this project. The Afghanistan portion of this project will be financed by the World Bank’s International Development Association and the Afghanistan Reconstruction Trust. The whole project will include the following components: • Construction of about 750 km of 500 kV of High Voltage Direct Current (HVDC) overhead transmission line between Tajikistan Pakistan and Afghanistan. • Engineering design, construction and commissioning of three HVDC converter stations at Sangtuda (1,300 MW) in Tajikistan; Kabul (300 MW) in Afghanistan; and Peshawar (1,300 MW) in Pakistan. • Construction of about 475 km of 500 kV High Voltage Alternating Current (HVAC) overhead transmission line 19 Global Project Opportunities: August’ 2015 between the Kyrgyz Republic and Tajikistan. • Construction of about 115 km of 500 kV HVAC line in Tajikistan along with associated substation equipment and other parts necessary for network reinforcement. Procurement of contracts financed by the Islamic Development Bank will be conducted through the procedures as specified in the Guidelines for Procurement of Goods and Works under Islamic Development Bank Financing (2009), and is open to all eligible bidders as defined in the guidelines. Specific procurement notices for contracts to be bid under the Islamic Development Bank’s international competitive bidding (ICB) procedures will be announced, as they become available, on the IsDB website and CASA-1000 website as well as technical magazines, newspapers and trade publications of wide international circulation and in local newspapers. Prequalification of suppliers and contractors will be required for the following contracts: • Package – 1: HVAC Transmission Line in Kyrgyz Republic, • Package – 2: HVDC Transmission Line in Tajikistan from Sangtuda converter station till the Afghanistan boarder, • Package – 3 HVDC Transmission Line in Pakistan from Afghanistan boarder to Peshawar converter station. Interested Bidders may obtain further information, by contacting: Name of Contact Person: Mrs. Olga Mandrugina COP, Energy Links ECODIT LLC E-mail: om@energylinks.org Phone: +7 727 293 0120 Web: www.casa-1000.org Name of Contact Person: Mr. Medetbek Aitkulov Position of Contact Person: Director General Name of the Organization: National Electric Grid of Kyrgyzstan Tel: +996-312661001 E-mail: nesk@elcat.kg Web: http://nesk.energo.kg Name of Contact Person: Mr. Rustam Rahmatzoda Position of Contact Person: Chairman Name of the Organization: Barki Tojik Tel: +992-372358766 Fax: +992-372358694 E-mail: rahmatzoda_rm@mail.ru Web: www.barkitojik.tj Name of Contact Person: Mr. Arshad Chaudhry Position of Contact Person: Managing Director Name of the Organization: National Transmission and Dispatch Company (NTDC) Tel: +92-4299202229 Fax: +92-99202053 E-mail: md.ntdc@ntdc.com.pk Web: www.ntdc.com.pk 20 Global Project Opportunities: August’ 2015 CONSULTANCY Consultancy Services for Rwanda Regional Centre Of Excellence For Biomedical Engineering And E-Health The University Of Rwanda (Ur) Project ID No. Project Name: P-ZI –IBO-025 Consultancy Services for Rwanda Regional Centre Of Excellence For Biomedical Engineering And E-Health The University Of Rwanda (Ur) Country: Rwanda Description: Construction works consultancy services Funding agency: African Development Bank Last date of bid submission The Project Coordinator Regional Centre of Excellence for Biomedical Engineering and E-Health University of Rwanda The Coordinator P. O.Project Box 4285 Regional Centre of Excellence for Biomedical Engineering and E-Health Kigali, Rwanda University of Rwanda P. O. Box 4285 Kigali, Rwanda Address for information: further REQUEST FOR EXPRESSIONS OF INTEREST (CONSULTANCY SERVICES) The Government of Rwanda has received financing from the African Development Bank towards (Africa Development Group to finance the East Africa’s Centres of Excellence for skills and Tertiary Education in Biomedical Science and intends to apply part of the agreed amount for this loan to payments under the contract for construction works consultancy services. The services included under this Project are the design phase and supervision consultancy services for the construction of a leaning for the Biomedical Engineering and eHealth Center in University of Rwanda to be located at the University of Rwanda Nyarugenge campus grounds. The services cover the following areas: Architectural and Engineering Design (Including: landscape design, quantity surveying, mechanical engineering, electrical engineering, civil/structuring engineering, information technology systems, environment assessment auditing, topographical and cadastral survey). The University of Rwanda Project (ECBE), now invites eligible consultants, covering all the above areas, to indicate their interest in providing these services. Interested consultants must provide information indicating that they are qualified to perform the services (brochures, description of similar assignments, experience in similar conditions, availability of appropriate skills among staff, etc.). Consultants may constitute joint-ventures to enhance their chances of qualification. Eligibility criteria, establishment of the short-list and the selection procedure shall be in accordance with the African Development Bank’s “Rules and Procedures for the use of Consultants” May 2008 Edition, Revised July 2012, which is available on the Bank’s website at http://www.afdb.org. Interested consultants may obtain further information at www.ur.ac.rw or from the address below during office hours: 0800 to 1700 Hours: The Project Coordinator Regional Centre of Excellence for Biomedical Engineering and E-Health University of Rwanda P. O. Box 4285 21 Global Project Opportunities: August’ 2015 Kigali, Rwanda Expressions of Interest must be deposited in the University of Rwanda procurement office located in Gikondo Kigali-Rwanda by Monday, 17 th August, 2015 at 10:00 Hours Local time and clearly marked “consultancy services for design, documentation and supervision of the ECBE”and addressed to: The Deputy Vice Chancellor Administration and Finance University of Rwanda GIKONDO 6 th floor P. O. Box 4285 Kigali-Rwanda. Pudence Rubingisa Deputy Vice Chancellor Administration and Finance University of Rwanda The Support to Equipping State Sanitary And Epidemiological Supervision Centers Project Project Name: The Support To Equipping Supervision Centers Project Country: Uzbekistan Description: Consultancy Services Funding agency: Islamic Development Bank Last date of bid submission 15 August 2015 Address for information: Ministry of Health of Uzbekistan Department for Coordination of Investment Projects 12 Navoi str., 100011, Tashkent, Uzbekistan Tel./fax: 99871-2394410, e-mail: idb.ses@gmail.com further State Sanitary And Epidemiological The Ministry of Health of the Republic of Uzbekistan has received financing from the Islamic Development Bank toward the cost of the Support to Equipping State Sanitary and Epidemiological Supervision Centers (SSESCs) with Laboratory Equipment Project, and intends to apply part of the proceeds for consultant services. The Project implementation period is 2015-2018. The consultant services include: i. Conducting needs assessment, ii. Preparation of the detailed technical specifications of laboratory equipment, spare parts and materials; iii. Identification of required training, iv. Preparation of tender documents; v. Involvement in supervising the bidding; and administration process to ensure full compliance with the IDB procedures and applicable regulations; vi. Preparation of supply contracts; vii. Overall coordination and supervision of installation and commissioning of the equipment; viii. Preparation of monthly/quarterly progress reports including inception and final reports. 22 Global Project Opportunities: August’ 2015 Please refer to the General Procurement Notice (GPN) for this project that appeared in the website of the Ministry of Health of Republic of Uzbekistan (www.minzdrav.uz) on 25th April 2015 and on 18 May 2015 in the IsDB website (www.isdb.org). The Ministry of Health of the Republic of Uzbekistan now invites eligible consultants to indicate their interest in providing the services. Interested consultants must provide specific information, which demonstrate that they are fully qualified to perform the services (brochures, description of similar assignments, experience in similar conditions, availability of appropriate skills among staff, etc.). Experience in the following area or tasks shall be the minimum requirement for the assignment: • Experience in procurement of analytical laboratory equipment; • Coordination and supervision of bidding process and contract management according to IDB regulations; • Coordination and supervision of installation and commissioning of laboratory equipment; • Participation in project (s) financed by International Financial Institutions; Consultants may express interests in the forms of association, validated by an agreement among members of the association, which clearly specifies the type of association, i.e. a joint-venture, intermediate forms of association, or sub consultancy. A consultant will be selected in accordance with the procedures set out in the Guidelines for the Use of Consultants under Islamic Development Bank Financing (current edition). Interested consultants may obtain further information at the address below during office hours from 09:00 to 18:00 (local time). Expressions of interest must be delivered to the address below by 15th August 2015. Ministry of Health of Uzbekistan Department for Coordination of Investment Projects 12 Navoi str., 100011, Tashkent, Uzbekistan Tel./fax: 99871-2394410, e-mail: idb.ses@gmail.com 23 Global Project Opportunities: August’ 2015 3.0 PROJECT REPORTS PROJECT REPORTS Italian firm wins $332m Qatar infrastructure deal Italian firm Salini Impregilo has won a €300 million ($332 million) contract for the construction of primary urban infrastructure in Shamal, a residential area 100km from Doha, Qatar. Salini Impregilo, part of the consortium created with Bin Omran of Qatar, said it beat three competitor consortiums from the Gulf area, Asia and the United States. The works, which have to be completed within a 30-month time span, have been awarded by the Public Works Authority, also known as Ashghal. Salini Impregilo said in a statement that it has won a contract for the implementation of Package 01, which covers approximately 25 percent of the area to be developed, and which also includes the roads and infrastructures of the Al-Zubara district in the western area, the northern area of the central district of Abu Al-Dholouf and the southern area of Al-Shamal. It also includes the planning and design of the microtunneling and of the water system for irrigating the green areas. The entire area for residential development measures 1,043 hectares and is connected to Doha through the North Road. The company has also recently won a €770 million deal to build the the Al Khor stadium, where the FIFA 2022 World Cup will be played as is already active in the construction of the Red Line North metro and the Abu Hamour water system. Carillion unit wins $124m Oman gas project deal By Staff writer Friday, 17 July 2015 1:29 AM The Omani arm of UK construction giant Carillion has announced that it has been awarded a £80 million ($124.6 million) contract by BP. Carillion Alawi said the deal centred on plans to build the operational base and accommodation complex for BP's Khazzan gas project. 24 Global Project Opportunities: August’ 2015 The contract involves the construction of accommodation facilities, including an operational base, a residential complex for 250 personnel and other infrastructure buildings in the Khazzan gas field, approximately 350km south west of Muscat. Work on the contract is expected to start in September 2015 and is scheduled for completion in mid 2017. The Khazzan project, which aims to extract around one billion cubic feet (bcf) per day of gas from sandstone with low permeability at depths of up to 4,500 metres in central Oman, is a showcase for BP's tight gas extraction technology. Its success is vital for Oman whose own gas exports have been eaten away by its voracious appetite for energy. Carillion chief executive, Richard Howson, said: "We are delighted to have been selected by BP for this important contract, which I believe reflects our reputation for safely delivering high-quality, sustainable solutions and we look forward to working with BP in Oman." Italian firm wins $849m deal to build Qatar 2022 stadium By Staff writer Saturday, 11 July 2015 1:15 AM Italian construction firm, Salini Impregilo Group, has secured a 770 million euro ($849 million) contract to build a stadium to host matches during the 2022 World Cup in Qatar. The company said in a statement that it has signed a contract for the construction of the Al Bayt stadium in Al Khor, a city about 50km north of the capital Doha. The contract is worth 770 million euro, of which 716 million will be for construction and over 53 million will be for operation and maintenance, it said. The deal includes the design and construction of one of the sports complexes in which the 2022 final football tournament will be played. Salini Impregilo, in joint venture with Galfar and Cimolai, said it beat competitors from France, Austria, India, and Asia in an international competition which lasted several months to win the contract. 25 Global Project Opportunities: August’ 2015 The project was awarded by the governmental foundation Aspire Zone which is responsible for the development of sports infrastructure in the country. The stadium, which can accommodate 70,000 spectators, will have a built-up area of 200,000 square metres and the construction contract will also include an auxiliary building for security and administration. The stadium, which will be completed by September 2018, will have a design inspired to the Bayt Al Sha'ar, the black and white tent traditionally used by nomadic people in Qatar. The stadium will also provide "ideal climatic conditions both for the players and for the spectators", the statement said. With this new contract Salini Impregilo strengthens its presence in Qatar, where it is already working on the 1.7 billion euro Doha Metro project and the Abu Hamour hydraulic project. Germany's Hochtief JV wins $1.45bn Saudi airport deal By Staff writer Saturday, 4 July 2015 1:34 AM Germany's Hochtief has announced that it is leading a joint venture which has secured a $1.45 billion contract to upgrade and expand an airport in Saudi Arabia. The joint venture with Shapoorij Pallonji Mideast and Nahdat Al Emaar, in which Hochtief has a 55 percent stake, will expand two terminals at King Khaled International Airport in Riyadh. The company said in a statement that it has signed an agreement with the Saudi General Authority of Civil Aviation (GACA) to redesign, upgrade and expand two existing terminals, and demolish and refurbish other parts of the airport infrastructure. The contract is worth about EUR1.3 billion ($1.45 billion). Construction has started already and completion is currently planned for May 2019. This project is the first part of the extensive program by GACA to develop and expand the airport´s facilities worth EUR4 billion. Apart from refurbishing and expanding the existing Terminals 3 and 4, the contract also involves the demolition and reconstruction of the aprons inclusive of apron lighting and fueling facilities. 26 Global Project Opportunities: August’ 2015 The contract further covers the construction of new terminal lounges and operation buildings, as well as the installation of baggage handling and security systems. Marcelino Fernández Verdes, CEO of Hochtief, said: "We are delighted to have won this major contract. It reinforces our position as an important infrastructure construction group and shows that our international expertise and the know-how of our engineers in the area of complex, large-scale projects are greatly appreciated by our clients." Dubai's Nshama awards contracts for Town Square mega project By Staff writer Friday, 3 July 2015 1:32 AM Dubai-based developer Nshama has awarded construction contracts for residential components of its Town Square mega project, the company has announced. Under the deals, UAE-based United Engineering Construction (ENEC) will build the Zahra apartments and Safi apartments while a contract for the Zahra townhouses has been awarded to Beaver Gulf Group. The developer did not disclose the value of the contracts. Zahra is a townhouse community with homes priced from AED999,888, while Safi is an apartment complex. Safi’s units range from AED349,988. Town Square is the flagship project of Nshama and will be anchored by a central square that is the size of 16 football fields. It features a range of lifestyle choices including the Vida Town Square Dubai hotel and a Reel Cinemas cineplex and open-air cinema. There will also be a 2.5 million retail precinct featuring more than 600 stores and F&B outlets, green trails, outdoors sports courts and cycling tracks. Town Square is located in New Dubai near Al Barsha and will feature over 3,000 townhouses and over 18,000 apartments as well as substantial retail, hospitality and commercial space. 27 Global Project Opportunities: August’ 2015 4.0 WORLD DEVELOPEMENT NEWS AFRICA Mandela Bay Stadium North End Lake Precinct to be RedevelopedwsSouthern Africa Jul 27, 2015 The North End Lake Precinct is set to be redeveloped after the Management of the Nelson Mandela Bay Stadium and Mandela Bay Development Agency (MBDA) went into talks about the same. This development would help in economic activity in the region. According to Chantal du Pisani, the Chief Executive of Access Management who run the stadium on behalf of the municipal revealed that a major milestone for the North End Lake Precinct project would be a partnership with major companies in the region to help in the maximization of the stadium which will be located between the lake and the ocean with an extension beyond the stadium bowl. The aim of the North End Lake Precinct project was to help in the capitalization in Port Elizabeth as the water sports capital of South Africa. This will allow the country to host events comparable to Ironman SA, splash festival and Ocean Racing Series at the North End Lake District. All these will be of economic benefit and further increase its marketing and exposure to the world as well as social and Corporate Social Investment Impacts. Gauteng investment needs US $0.11trn for Infrastructure Developments Jul 23, 2015 Gauteng investment needs a US $0.11trn boost for use in the next 15 years in the social and economic infrastructure requirements according to the Premier for Gauteng, David Makhura. Further to this, Premier Makhura noted that the Government would not be able to achieve this on its own and needed to form transformative partnerships with the private sector in order to meet the infrastructure requirements. Gauteng investment in the five economic corridors is being mobilised from the private sector according to Makhura. This was the Central Development Corridor (Johannesburg), Eastern Development Corridor 28 Global Project Opportunities: August’ 2015 (Ekurhuleni) Northern Development Corridor (Tshwane), Western Corridor (West Rand) and Southern Corridor (Sdibeng). In the recently held Gauteng Infrastructure Investment Conference, it was indicated that Gauteng investment had funds totalling US $0.65trn to be invested in the infrastructure sector. The communities would also be able to invest through their different savings activities. Makhura indicated that the township economy is now a national agenda. The pace in which the infrastructure projects would take to be complete will depend with the amount of resources available. Gauteng Provincial Government has committed US $12.96m for the renewal of township economies and it was already working on revised regulations in order to procure goods and services from locals. It was the government’s target to get 30 percent of the goods and services from local enterprises. US$350million oil pipeline in Kenya from Mombasa to Nairobi. Jul 23, 2015 Kenya Pipeline Company has secured a $350million loan to invest in the construction of a new 450kilometre oil pipeline in Kenya from Mombasa to Nairobi. The state owned oil dispenser will move ahead to a 20 inch contemporary multi-product oil pipeline in Kenya to reinstate the more than 30 year old – 14 inch pipeline currently in use. For the duration of the signing of the loan with a group of six banks, KPC acting managing director Flora Okoth alleged work is likely to be complete in eighteen months from the July 1 2014 contract signing date. Lebanese firm Zakhem International won the contract. There are six local and international banks that do this.This are Citibank, , Rand Merchant Bank (a division of FirstRand Bank Limited London Branch) The Standard Chartered Bank, Commercial Bank of Africa, CFC Standbic and Co-operative Bank. As Okoth speaks the contractor is on the ground procuring most of the items required for the project. The requirements of completion is eighteen months however, an extra or less is being looked at April 2016. The payment period of the loan is 10 years. KPC will fund 30 per cent of the project plus is putting in $150 (Sh15.3 billion) in the Sh50.9 billion project. Okoth continued saying that this will increase the product flow from the obtainable 730,000 liters to one million liters per hour. Once the lines are on, we will be taking off roughly four thousand trucks per day off the Mombasa-Nairobi route, 29 Global Project Opportunities: August’ 2015 One of the prime profitable bank financing ever entered into by a Kenyan parastatal with no government guarantee is none other than the loan. Chairman john Ngum said “KPC can be seen like a proxy for the government. It has a profitable track record and a strong asset base, Ghana plans to reconstruct the Western Rail line Jul 22, 2015 The government of Ghana has plans to reconstruct the Western Rail line which will begin from Takoradi all the way to Kumasi. The project will also include a branch rail line that will begin from Dunkwa stretching to Awaso. Speaking at the Front End Engineering Design (FEED) forum, the Transport Minister, Mrs. Dzifa Attivor, confirmed that the project completion has been estimated to cost US$1bn. She further explained that purpose of the project is to modernize the Western Rail line whereby modern rail stations, ancillary facilities and terminals will be introduced to offer smooth, timely and safe services. However, 38 stations along with 2 terminals and other facilities will undergo renovation courtesy of the Western Rail line reconstruction project. Furthermore, over 200 bridges and culverts will also undergo reconstruction given that a provision of a more realistic total estimation cost will be conducted. A state-of-art telecommunication and signaling will also be put in place along with the reconstruction of the workshops and running sheds among other facilities. The Western Rail project will be executed under the Ghana Railway Development Authority (GRDA), whereby the project preliminary designs will offer a transparent platform for private sector investors eyeing the project. Initially, the design of the Western Line was primarily initiated by an Italian consultant company known as Messrs Team Engineering SpA. The company was funded by the government of Ghana. Ghana railway sector is currently facing challenges through lands encroachment and land destruction brought about by the country’s illegal miners, however, the rail systems will fully be implemented in line with the country’s Railway Master Plan as well as protecting the land set aside for the railway sector. 30 Global Project Opportunities: August’ 2015 Kenya signs US$ 333m deal for Kuresoi dam construction Jul 22, 2015 BNP Paribas Italy and Intesa San Paolo banks have signed a US$ 333m agreement with Kenya for the construction of Kuresoi dam in Kuresoi, Nakuru county. The signing of the agreement at State House, Nairobi, was witnessed by President Uhuru Kenyatta and Italian Prime Minister Matteo Renzi after they held bilateral talks. The agreement brings Italy’s total financial assistance to Kenya to US$ 528m. The total amount will be used for the construction of Kuresoi dam, tunnel, raw water treatment of 100,000 cubic meters per day and laying of pipes on a project that will serve over 800,000 people in Kuresoi, Molo, Njoro, Rongai and Nakuru towns. Mr. Matteo Renzi is in the country for a two-day official visit. He was received on arrival by Cabinet Secretary for Foreign Affairs Ambassador Amina Mohammed. He was accompanied by Italy’s Deputy Foreign Affairs Minister Mario Giro, International Economic Affairs Adviser Prof Marco Simoni, ENI Chief Executive Claudio Descalzi and ENEL Green Power Chief Executive Francesco Venturi. The Kenyan president welcomed more Italian companies to invest in Kenya, saying devolution has opened new investment opportunities in agriculture, infrastructure, energy, mining and manufacturing at the county level. Since 1966, Kenya and Italy have enjoyed cordial relations and cooperation, Italian assistance to Kenya is in the form of grants, concessional loans and technical assistance. ASIA Tycoons to join bidding for Manila international airport's rehab Miguel R. Camus,Philippine Daily Inquirer, 28-07-2015 The Gokongwei family’s JG Summit Holdings, Aboitiz Equity Ventures and Ayala Corp. are keen on a 75billion-peso (US$1.64 billion) contract to operate and develop Manila’s Ninoy Aquino International Airport, the country’s busiest air gateway that has been dubbed the “crown jewel” of Philippine airport deals. The Naia development project recently hurdled the National Economic and Development Authority’s Investment Coordination Committee. Seeking the approval of the Neda board, which is chaired by Philippine President Benigno Aquino III, is the next step. 31 Global Project Opportunities: August’ 2015 Interest in the premier gateway has been ramping up partly due to recent statements coming from the transportation department that work at a new international airport in Sangley Point, Cavite - a project aimed at replacing the congested Naia - might not be implemented within the term of Aquino. Earlier, San Miguel Corp., Manuel V. Pangillinan-led Metro Pacific Investments Corp. and Megawide Construction Corp. said they were keen on a contract to operate Naia, which handles more than 32 million passengers annually. “It is ‘the’ asset in the airport sector so we should definitely look at that,” Ayala managing director John Eric Francia said. “It’s a major strategic asset in a very important sector which affects a lot of things like tourism.” Bach Johann Sebastian, JG Summit chief strategist and senior vice president, confirmed in a text message that the company was interested in the Naia project, as did Román Azanza III, Aboitiz first vice president for business development. JG Summit, mainly involved in airlines, property development, food and beverage as well as petrochemicals, and Aboitiz Equity, whose portfolio is mainly focused on power generation and banking, have been looking at more Public Private Partnership (PPP) infrastructure deals to diversify their respective businesses. Ayala, San Miguel, Metro Pacific and Megawide are active participants in the Aquino administration’s PPP programme, having each bagged one or more big-ticket deals that have been rolled out over the last four years. The Naia development project aims to transform the Philippines’ main gateway “into a world-class modern airport facility.” The private partner is also expected to upgrade existing terminals to increase capacity and handle O&M activities. The companies mentioned have already expressed their interest in developing the country’s commercial aviation sector, which presents opportunities for growth given that the Philippines is an archipelago. On international travel, the government has been boosting efforts to lure more visitors with catchy slogans like “It’s more fun in the Philippines.” In 2013, the conglomerates participated in a bid for the contract to expand and operate the Mactan Cebu International Airport, which was bagged by a consortium between Megawide and India’s GMR Infrastructure. The government is currently bidding out the contracts for the Bacolod-Silay, Iloilo, Davao, Laguindingan 32 Global Project Opportunities: August’ 2015 and New Bohol airports in a deal that has lured SMC, Metro Pacific, Aboitiz, JG Summit and Megawide apart from international players. Construction work begins on 700-km pipeline from China to Pakistan Business Desk Dawn Publication Date : 20-07-2015 Minister of Petroleum and Natural Resources Shahid Khaqan Abbasi said Pakistan has started construction work on a 700-km pipeline to import liquefied natural gas (LNG) from China, said a report on Radio Pakistan. Speaking to Voice of America (VoA), Abbasi said the project will be jointly funded by Pakistan and China. He also said that Gwadar port will be used as the central hub for the China-Pakistan Economic Corridor (CPEC), allowing western China to gain access to warm waters from Pakistan. Abbasi said funds from China, in relation to this project, will be beneficial to Pakistan for completion of the Iran-Pakistan gas pipeline project. He said Pakistan has been trying to overcome its energy crisis by importing gas from Iran, adding that sanctions on Iran had resulted in difficulties in the way of inching closer to completing the Iran-Pakistan pipeline project. The CPEC, with a planned portfolio of projects totalling around $46 billion, will link Gwadar, Khuzdar and other areas on way to Dera Ghazi Khan, Dera Ismail Khan and Peshawar along its central route. The eastern route will connect Gwadar to Ratodero, Sukkur, and Karachi and upward to cities in Punjab, and from there to Khyber Pakhtunkhwa and the Khunjerab Pass. There have been security concerns over much of the plan, which relies on developing Gwadar — control of which was passed to a Chinese company in 2013. Linking Gwadar to the rest of Pakistan and the western Chinese city of Kashgar, 3,000 kilometres away, will involve major infrastructure work in Balochistan. Balochistan is one of Pakistan's most unstable provinces and has been dogged for over a decade by a bloody separatist insurgency. Ethnic Baloch rebels have in the past blown up numerous gas pipelines and trains and attacked Chinese engineers. 33 Global Project Opportunities: August’ 2015 AIIB, World Bank planning closer project cooperation Chen Jia China Daily, 7 - 0 7 - 2 0 1 5 The Asian Infrastructure Investment Bank and the World Bank are seeking more effective ways of cooperation and are considering several co-financing projects, according to a senior official. Jin Liqun, secretary-general of the AIIB Multilateral Interim Secretariat, held discussions with World Bank President Jim Yong Kim on Thursday to discuss cooperation between the two institutions. The two sides agreed to explore opportunities for joint financing projects in the coming months. "We plan to identify the projects for possible co-financing in the fall," said Jin. "Based on my time at the World Bank as an alternate executive director, I am fully confident that close cooperation between the two sides will improve lives of citizens in the member countries." Jin said that since the establishment of the Multilateral Interim Secretariat last November, the World Bank has been very generous in sharing its expertise, experience and global good practices with the secretariat. The AIIB Multilateral Interim Secretariat and the World Bank are working together, having exchanged views on matters such as institutional governance, organisational structure, social and environmental safeguards and procurement procedures, according to the World Bank. "I congratulate Secretary-General Jin Liqun and all prospective founding members on the great progress made in establishing the AIIB," said Kim. "More funding for infrastructure will help the poor, and we are pleased to be working with China and others to help the AIIB hit the ground running," he said. The prospective founding members of the AIIB signed the Articles of Agreement last month and the bank is expected to be operational by the end of the year. An official signing ceremony to establish the bank's operational framework, attended by representatives of the 57 nations that applied to be founding members, took place in Beijing on June 29. Jin, formerly with the World Bank and Asian Development Bank, has been nominated to head the bank. According to the AIIB framework, the bank will have authorised capital of US$100 billion. China has a 30.34 per cent stake in it and 26.06 per cent of the votes. 34 Global Project Opportunities: August’ 2015 Zhang Xiaoqiang, vice-chairman of the China Centre for International Economic Exchanges, said that the AIIB and the World Bank are complementary and not rivals, and they can work together to raise funds for regional infrastructure construction projects. So far, China is the World Bank's third-largest shareholder and an important contributor to the International Development Association, the institution's fund for the poor, as well as the Global Infrastructure Facility, an international platform that facilitates the preparation and structuring of infrastructure public-private partnerships. Taiwan allocates US$5.7b for public infrastructure next year to boost exports Stephanie Chao The China Post Publication Date : 14-07-2015 Taiwan's National Development Council (NDC) verified next year's general funds budget for public infrastructure yesterday afternoon, which amounts to NT$177.241 billion (US$5.71 billion), and has also asked the Cabinet to set aside another NT$3.0989 billion, in hopes of improving Taiwan's lagging export situation. In the approved public infrastructure budget plan, highway improvements received NT$45.5287 billion, ranking the highest, followed by rail transportation at NT$43.6721 billion, agricultural infrastructure at NT$20.2745 billion, education, culture and sports at NT$17.1854 billion, water conservation at NT$13.8488 billion and sewer improvements at NT$13.2107 billion. Highway infrastructure included improvements to roads in living areas, Suhua highway parts in the mountainous areas and provincial highways. For rail transportation, the budget concentrates on metro train construction in Taoyuan, Taichung, and converting portions of railways for trains underground in Taipei City and Kaohsiung City. Reviving rural villages, improving overall slope-land treatment and disaster prevention, forest sustainability, farmland and water construction are the main points in agricultural infrastructure. Schools will see buildings improved with strengthened seismic design. Prior to the NDC's meeting, a Directorate General of Budget, Accounting and Statistics (DGBAS) official pointed out that by injecting more money into the public infrastructure budget, it will simultaneously provide stimulation for domestic demand and improve Taiwan's stagnating economy caused by lagging exports as of late. 35 Global Project Opportunities: August’ 2015 The official hoped to achieve stimulation of the domestic economy through investments led by the government that will in turn steadily motivate private investments. In recent years, the government's investment has significantly slumped due to constraints on the debt limit and the government's finance regulations, which will in turn have negative ramifications for Taiwan's economic development in the long run. The decision to inject money into the infrastructure budget was met with support. While investments made by the government does not make up a large portion of the fixed capital, however TIER Macroeconomic Forecasting Centre director Gordon Sun pointed out that the public infrastructure budget can indeed create a "leverage effect," for private investments. Minister of the NDC Duh Tyzz-jiun responded to suggestions made by local enterprises to lower the exchange rate, saying the method will only provide short-term relief. "Improving the product's added value is a more sustainable effort in the long term," Duh said. During Duh's attendance at the Global Initiatives Symposium in Taiwan yesterday, he said that the government will do what it can to support local companies develop their export markets. He also pointed out that according to international estimates, the economic performance in the third and fourth quarter will see positive improvements, and proposed that Taiwan's GDP rate could be maintained above 3 per cent. Premier Mao Chi-kuo had asked the NDC to provide short, mid and long-term plans to stimulate Taiwan's export within two weeks during an emergency meeting on July 12, which saw a gathering of finance Cabinet officials and academics. 36 Global Project Opportunities: August’ 2015 US$400 billion fund for sustainable development Correspondent,Dawn, Publication Date : 11-07-2015 Multilateral development banks (MDBs) and the International Monetary Fund (IMF) on Friday signalled plans to extend more than US$400 billion in financing over the next three years to promote sustainable development. They also vowed to work more closely with private and public sector partners to “help mobilise the resources needed to meet the historic challenge of achieving the Sustainable Development Goals (SDGs),” an IMF statement issued on Friday said. The decision followed a move by some developing nations to protect themselves against currency and financial markets to fluctuations in Western financial markets. In 2014, China formed the Asia Infrastructure Investment Bank, which is seen as a rival of the World Bank, IMF and the US-allied Asia Development Bank. The BRICS nations are also signing the final documents to launch New Development Bank in July and will have an initial capitalisation of $100bn, including $41bn from China, $18bn from Russia, India and Brazil, and $5bn from South Africa. The institutions that signed the declaration issued in Washington on Friday included the African Development Bank, Asian Development Bank, European Bank for Reconstruction and Development, European Investment Bank, Inter-American Development Bank, World Bank Group and the IMF. They announced their plans in the lead-up to the Third International Conference on Financing for Development in Addis Ababa, July 13-16. The announcement noted that sustainable development goals were ambitious and demanded equal ambition in using the “billions” of dollars in current flows of official development assistance and all available resources to attract, leverage and mobilise “trillions” in investments of all kinds — public and private, national and global. The official development assistance, estimated at $135bn a year, provides a fundamental source of financing, especially in the poorest and most fragile countries. “But more is needed. Investment needs in infrastructure alone reach up to $1.5 trillion a year in emerging and developing countries,” said the joint statement. 37 Global Project Opportunities: August’ 2015 “Meeting the staggering but achievable needs of sustainable development goals agenda requires everyone to make the best use of each dollar from every source, and draw in and increase public and private investment,” it added. The multilateral development banks development finance has grown from $50bn in 2001 to $127bn in 2015. For each dollar invested by its shareholders, MDBs are able to commit $2-5 in new financing each year. The MDBs’ own direct private sector investments have increased fourfold over this period. They mobilise an additional $2-5 in private investment for every dollar they invest directly in private sector operations. The vow to increase their contribution to more than $400bn over the next three years reflects in part efforts to make even better use of their balance sheets. Additional steps to leverage more resources include the development of new approaches and tools to help developing countries play a stronger role in harnessing national resources. The MDBs and the IMF are partnering with countries on the introduction of a new toolkit to assess and improve tax policies and expanding instruments such as e-procurement to achieve better government spending. “The MDBs explained that increasing external resource flows to developing countries for investment was essential to achieving the SDGs — but these flows could materialise only in circumstances where countries had coherent development strategies consistent with maintaining macroeconomic stability while also ensuring the delivery of key public sector services and a business environment supportive of growth.” Southeast Asia’s urban railway boom could mean opportunities T a k a h i r o T s u j i m o t o , The Yomiuri Shimbun Publication Date : 07-07-2015 Projects to construct and extend urban railways, an indispensable mode of transportation in major cities, are being planned throughout Southeast Asia. Hopes are high that subways, elevated railways and other urban rail systems will ease the traffic congestion plaguing metropolises that have seen population growth as a byproduct of economic 38 Global Project Opportunities: August’ 2015 development. Expansion opportunities abound for Japanese firms, given the nation’s outstanding reputation for safety and precision in the field, but Chinese companies have entered the race in recent years and are quickly catching up. In the north of Bangkok, construction of Bang Sue MRT Station is under way at the former site of a 200hectare cargo terminal. The anticipated opening date is 2019. The station is a part of a 26.3-kilometre-long Red Line elevated railway project that has an expected total price tag of more than ?370 billion. It will be connected to a separate high-speed railway that is expected to employ Shinkansen technology and a railway linking two suburban airports. With help of local general contractors, international consulting firm Nippon Koei Co. is overseeing the construction. “We actually hope to develop an area like Shinjuku,” said Toshimasa Kiuchi, a senior adviser at the company. The Thai government plans to extend Bangkok’s urban railways to 515 kilometres in total by 2029, a big increase from roughly 85 kilometres at present. The Red Line is part of that overall plan. Trains account for only 6 per cent of Bangkok’s use of public transit, far below Seoul’s 51 per cent and Hong Kong’s 46 per cent. The Thai government hopes to raise the figure to at least 40 per cent. Thai Finance Minister Sommai Phasee has stressed the importance of urban railways that make it easier to commute within the city and end traffic jams by providing connections to the suburbs. According to Phasee, such systems are indispensable for accelerating economic development and growth. Technological advantages Many Japanese companies are already involved in the construction of urban railways in Southeast Asia. For a new line scheduled to open partially in 2018 in Ho Chi Minh City in southern Vietnam, an underground section is being built by Shimizu Corp. and Mazda Corp. Sumitomo Corp. and local general contractors are handling the portion above the ground. “Japanese firms excel at building underground tunnels in urban areas where old buildings remain,” explained Toshiyuki Sarashina, deputy director of Shimizu’s Hanoi office. The Vietnamese side has given Japan high marks in this respect. In Jakarta, two subway lines are set to be constructed with Japanese financial assistance. Japanese companies earn high marks for the quality of their work, but that work is expensive, according to Surapong Laoha-Unya, chief executive officer of the Bangkok Mass Transit System Public Co., which operates the capital’s elevated railways. 39 Global Project Opportunities: August’ 2015 In Bangkok, Japanese firms were asked to lead part of the urban railway construction, but German and Chinese companies were tasked with building the cars and train operation systems. The Japanese companies involved — Marubeni Corp., Toshiba Corp. and East Japan Railway Co. — finally received orders for the production of cars and other manufactured products for the Purple Line scheduled to open in 2016. The total cost of building a railway can run as high as several hundred billion yen. There is fierce international competition to win contracts for such projects in major Asian cities. China has been elevating its profile, particularly in the field of maintenance and infrastructure improvement. But unlike the Japanese government and firms, China has been accused of overlooking laws and environmental protection standards. Some countries appreciate the Chinese way of doing business, because “their work is fast and inexpensive,” according to a source from the Thai construction industry. Launched in June after a merger of two companies, China’s state-run automaker is by far the world’s largest firm in the industry. A signing ceremony took place last Monday for the founding of the China-led Asian Infrastructure Investment Bank, which is expected to start operations within the year. “After the bank launches, China will get more aggressive and competition to win infrastructure development contracts in Southeast Asia will become even more intense,” a Japanese government source said. MIDDLE EAST Iranian envoy seeks investment from India, says Delhi should move fast to take early advantage 24 Jul, 2015, 01.27AM IST NEW DELHI: India should take advantage of the goodwill it shares with Iran and invest in the country before it throws open its market after last week's historic nuclear deal with the West, Iran's envoy to New Delhi has said. "We have lot of regards for India, which stood by Iran during the sanctions period. India is a friend. I have been telling my Indian friends over the last few months that a breakthrough deal is on the horizon and that Delhi should move fast to take advantage of the situation. But India is slow in decision-making 40 Global Project Opportunities: August’ 2015 process...it has to take advantage of the golden period," Iranian Ambassador to India, Gholamreza Ansari, told ET in an interview. He said the period of six months from now - between the lifting of the UN sanctions and its operationalisation on the ground - would be the right time for India to invest and that Delhi would get preferential treatment for standing by Tehran during the difficult days. The Western powers led by the US reached a historic deal with Iran last week which opened Iran's nuclear sector to international scrutiny in return for lifting of the crippling decades-old economic and military sanctions. Berlin and Paris have moved fast to take advantage of the emerging situation with the French Foreign Minister, Laurent Fabius, all set to travel to Tehran next week for discussions. German Economic Minister Sigmar Gabriel visited Tehran recently with a delegation of top corporate leaders. And on Thursday, Tehran reached out to the international community, particularly Europe, with an eye on investments as well as market for its products. Addressing a conference in Vienna, Iran's Minister of Industry, Mines and Trade, Mohammad Reza Nematzadeh, said Tehran would give priority to the sectors of oil and gas, metals and car industries, hoping to export them to Europe once sanctions are lifted. Ansari told ET that Prime Minister Narendra Modi and Iranian President Hassan Rouhani had a one-hour talk on the sidelines of the SCO summit in Ufa, Russia, recently. The conversation was mostly about expanding economic co-operation, he said. The Ambassador said Modi was invited to visit Tehran by Rouhani's special envoy last January and that the PM could visit Tehran in future. There are indications in Delhi's power corridors that Modi could visit Iran in 2016. The Ambassador pointed out that India has tremendous opportunities in Iran's connectivity sector International North South Transport Corridor (INSTC), Chabahar Port and link roads and railways to this strategically located port. This port links to a road India has built in Afghanistan and also with the Kazakh-Turkem-Iran rail line, reducing transportation time. Ansari noted that these connectivity projects would enable India to connect smoothly with Central Asia and beyond. Earlier during his trip to the Central Asian states, Modi had referred to the importance of INSTC and invited some of the states to join INSTC. According to Ansari, India can also assist Iran in the field in machinery. 41 Global Project Opportunities: August’ 2015 In the backdrop of the ISIS problem in the region, the envoy said Tehran and Delhi could join hands to combat terror and contribute to stability in Afghanistan. Ansari said Israel is disturbed by the Iran deal. "They don't have a problem with Iran. They have a problem with peace in the Middle East," he said. Even as the envoy sounded optimistic about future of India-Iran ties, he described India's decision to control visas for Iranians as "surprising". "We have historical and civilizational links. To be bracketed with Sudan, Somalia and other countries in the list of countries whose visa to India is restricted is actually surprising," said Ansari, who is considered a strong hand in matters of Russian and Western European affairs in Iran. http://economictimes.indiatimes.com/news/politics-and-nation/iranian-envoy-seeks-investment-fromindia-says-delhi-should-move-fast-to-take-early-advantage/articleshow/48195053.cms Iran offers India $8 billion of projects Jul 18, 2015 Iran has offered India $8 billion worth of infrastructure projects, including a stake in developing the strategic port of Chabahar, the country’s ambassador to New Delhi has said. The two countries signed an MoU in May for Chabahar’s development in southeast Iran but a commercial accord is needed to implement the pact. New Delhi wants to use the port’s potentials for connectivity, including its terminals to operate container and multi-purpose cargo ships for trade with Afghanistan and the Central Asian countries. Ambassador Gholamreza Ansari said President Hassan Rouhani had offered Prime Minister Narendra Modi an expanded role for India to play in Iran’s connectivity plans. "Connectivity is the main policy of Modi that coincides with Iran's government policy. We have offered them, in connectivity, $8 billion of projects," the Indian media quoted Ansari as saying. Iran is fleshing out the transportation network on its southern coasts as it is developing an integrated transit corridor which connects the Persian Gulf to the Caspian Sea for a link with the Central Asia and beyond. The International North–South Transport Corridor between India, Russia, Iran, Europe and the Central Asia for freight transportation by the ship, rail, and road will join the Silk Road -- an ambitious plan championed by China to revive the ancient international trade route. 42 Global Project Opportunities: August’ 2015 Rouhani’s meeting with Modi came during recent summits of BRICS and Shanghai Cooperation Organization (SCO) nations in the Central Asian city of Ufa in Russia. Indian PM Narendra Modi (L) and Iranian President Hassan Rouhani shake hands on the sidelines of BRICS and SCO summits in Ufa on July 9. Ansari cited a “golden time” for India to seize on investment opportunities in Iran after the conclusion of nuclear negotiations between the Islamic Republic and the P5+1 group of countries. The focus is now on the removal of sanctions, with many governments and international companies having already started scouting business prospects in the country. "The potential between Iran and India is great but we were just facing such a wall of sanctions, wall of American pressure," Ansari said. The ambassador urged India to put aside its past procrastination, citing Iran’s giant Farzad B gas field which New Delhi had been offered exceptional privileges to develop. Ansari said the Indians were still the "first priority" to develop the field but "if they drag their feet, the market will not wait". India also plans a $3 billion aluminum smelter complex in Iran, its media said this week. The project was mooted in 2014 but India has been cooling its heels for the removal of the sanctions. The country’s National Aluminium Co. is now seriously considering to implement the project after Iran and the P5+1 finalized their nuclear negotiations, media reports said. http://www.presstv.ir/Detail/2015/07/18/420782/iran-india-infrastructure-chabahar-ansari Kuwait infrastructure to grow by 20% in 2015 Alpen Capital, 22 July 2015 Kuwait's infrastructure sector is forecasted to grow by up to 20% in 2015, a new report has claimed. Government plans to develop new rail links and upgrade roads, seaports and airports will lead to increased construction activity in Kuwait. Over a thousand government-funded residential units, to be delivered by 2020, will also boost the country's infrastructure, despite fledgling oil prices and increased costs of raw materials. Alpen Capital's GCC Construction Report, published in June 2015, found infrastructure in Kuwait will grow by between 15% and 20% this year, with Kuwait aiming for greater integration with the GCC. 43 Global Project Opportunities: August’ 2015 Kuwait's construction industry is forging ahead with several large infrastructure projects, with planned developments worth an estimated $123.6bn, outpacing Qatar ($113.8bn), Oman ($29.6bn) and Bahrain ($25bn). The Kuwaiti government also plans to employ a public-private partnership model to deliver public housing, including 11,000 units under the Sabah Al Ahmad project, which will house up to 100,000 people upon completion, the report added. Qatar awards $459m contract to build first economic zone By Staff writer Monday, 13 July 2015 3:18 PM State-owned Manateq has awarded a $459 million contract for the development of Qatar's first economic zone, which will focus on logistics and advanced technologies. A consortium formed by Spain's Sacyr and Qatari firm Urbacon Trading & Contracting (UCC) has been hired to design and construct QEZ-1 in Ras Bufontas, it was reported in Spanish media on Monday. The work awarded covers an area of approximately 4.1 square kilometres. Sacyr is already involved in projects in the UAE, Jordan and Oman. Manateq develops and operates specialised economic zones in Qatar, with the aim of providing infrastructure to help the development of private sector business, according to its website. Late last year, Qatar launched the first of three new special economic zones established to help the state diversify its economy. The Ras Bufontas project, near the new Hamad International Airport, will specialise in companies in the communications, infotech, energy, logistics, construction, transportation and other sectors, it was reported at the time of the launch. Prime Minister Sheikh Abdullah bin Nasser bin Khalifa Al Thani, who laid the foundation stone, said the special economic zones would be the base of the country's private sector, focusing on small and medium enterprises. Qatar has stated it wants to diversify from a hydro-carbon-led economy - which helped to make it one of the richest in the world but is subject to volatile global oil prices - to a knowledge-based economy. The other two zones are Abu Nakhla and Um Alhoul. 44 Global Project Opportunities: August’ 2015 King Salman launches major Grand Mosque expansion By Neil Halligan 12 July 2015 Saudi Arabia’s King Salman has launched five large projects as part of the third phase of expansion for the Grand Mosque in Makkah, including the King Abdullah Expansion Structure, courtyards, tunnels, buildings for service facilities and the first ring road. According to the Saudi Press Agency, Dr. Abdurrahman bin Abdulaziz Al Sudais, President General of the Grand Mosque and the Prophet's Mosques said the expansion will include 1.47 million square metres of development, capable of hosting 1.6 million worshipers, with 78 gates at the ground floor surrounding the expansion building. The current expansion of the Grand Mosque, launched by the late King Abdullah in 2011, is estimated to cost $26 billion (SR100bn), and the third expansion plan is set to surpass that. Dr. Ibrahim bin Abdulaziz Al Assaf, Minister of Finance, said the projects include the expansion building, Masaa and Mataaf expansions, external squares, tunnels, services building, hospital, transportation stations, bridges to the Grand Mosque, infrastructure and first ring road. Al Assaf said the main building of the expansion project consists of six floors for praying, 680 electric escalators, 24 elevators for the people with special needs and 21,000 toilets and places of ablution. The Saudi Ministry of Finance will oversee the expansion project, which will be carried out by the Saudi Binladin Group. Qatar to tender $31 billion of projects this year Gulf Times 6 July Qatar’s GDP per-capita this year is expected to be above $81,000, the highest among the GCC countries, Doha Bank CEO Dr R Seetharaman has said. Seetharaman said Qatar’s economy is expected to grow by more than 7% in 2015. The construction sector is expected to witness a double-digit growth this year, thereby supporting the non-hydrocarbon sector diversification. On major opportunities in Qatar, he said, “Projects worth more than $31bn are expected to be bid in 2015. The major sectors, which are expected to witness activity, include the construction and transport sectors. Qatar’s recent interim budget has earmarked $18bn for major projects in health, education, infrastructure and transportation as well as projects related to FIFA 2022.” On GCC economies, he said “According to IMF April 2015 outlook, Saudi’s growth for 2015 is at 3% in 45 Global Project Opportunities: August’ 2015 2015. The UAE’s growth for 2015 is estimated at 3.2% in 2015; Oman 4.6%, Kuwait 1.7% and Bahrain 2.7%. The fall in oil prices will have an impact on growth. GCC GDP at current prices will exceed $1.4tn in 2015." On global economy, he said, “According to IMF April 2015 outlook, global growth has been forecast at 3.5% in 2015 and 3.8% in 2016 respectively. Global growth in 2015 will be driven by a rebound in advanced economies. After a weak 2014, growth in the euro area is showing signs of picking up in 2015. However Greece concerns remain. Growth for emerging and developing economies is projected at 4.3% in 2015.” Qatar approves construction of first Evangelical church in Doha By Sarah Townsend 5 July 2015 Plans have been approved to build Doha’s first church for the Evangelical Churches Alliance Qatar (ECAQ), which has about 1,200 members. ECAQ, which has been in existence for 28 years, has approximately 1,200 members from the Phillipines, Nigeria, Kenya, India, Indonesia and Malaysia. According to a report in Doha News, the group signed a lease for a plot of land several kilometers outside central Doha back in 2013. However, it was awaiting official government approval before it could start raising money to build the QR100 million ($27.47 million) church. At the end of last month, Robles heard from Qatar’s Ministry of Foreign Affairs that the plans had been approved. Under the plans, the two-storey facility will cover around 15,000 square metres of space and accommodate up to 6,000 people. It will have 24 worship halls and 24 rooms, catering to different prayer groups under the church, and will aim to be completed within three years, the report reported. The church will operate as a commercial organisation, Doha Newsreported, and will seek to raise the funding required to build the church and hire staff. 46 Global Project Opportunities: August’ 2015 Iran set to return to oil market - with maximum capacity Reuters/Dubai July 15, 2015 Iran will return to the global oil market with maximum capacity once the sanctions against the country are lifted following Iran's nuclear deal with world powers, a deputy oil minister was quoted as saying on Tuesday. Iran and six major world powers reached a landmark nuclear deal on Tuesday, capping more than a decade of negotiations. Oil prices tumbled more than $1 on the news as the deal would see an easing of sanctions against Tehran and a gradual increase in its oil exports. Iran views the Asian market as a top priority for selling its crude oil, Mohsen Qamsari, director of international affairs at National Iranian Oil Company, was cited as saying by Shana, the oil ministry's news agency. "We will try to maximise our crude export capacity to Europe and restore 42 to 43 per cent share in the European market before the sanctions were imposed," said Qamsari. Several refineries who have expressed their willingness to buy Iran's petroleum supplies, he said. "For the time being, I cannot say anything special about Iran's share in the market in the coming months. We shall wait and see how the market will react [to Iran's return]. Signing long-, middle- and short-term contracts is definitely being considered [by Iran]," Qamsari said. Oil Minister Bijan Zanganeh said last month that Iran was aiming to add 500,000 barrels per day to production within two months of easing Western sanctions that have halved shipments in recent years, and as much as one million bpd in six to seven months. But years of underinvestment mean Iran may struggle to get its oil industry anywhere near full potential, analysts say. It will also take time for Tehran to raise output as nuclear inspectors verify Iran's compliance with the terms of any deal and sanctions are slowly removed. Iran pumped around 2.82 million bpd in June, according to a Reuters survey. Iran yes $185 billion oil and gas projects Reuters Iran has identified nearly 50 oil and gas projects worth $185 billion that it hopes to sign by 2020, AmirHossein Zamaninia, Iran's deputy oil minister for commerce and international affairs said. In preparation for negotiations with possible foreign partners, he said Iran had defined a new model contract which it calls its integrated petroleum contract (IPC). 47 Global Project Opportunities: August’ 2015 "This model contract addresses some of the deficiencies of the old buyback contract and it further aligns the short- and long-term interests of parties involved," he said at a conference to promote trade between Iran and the European Union. Iran will introduce the oil and gas projects it has identified and the new contract in international markets later this year, he said. Meanwhile, Iranian deputy minister Mohammad Khazaei said the country has agreed more than $2 billion of projects with EU companies. "We are recently witnessing the return of European investors to the country. Some of these negotiations have concluded, andwe have approved and granted them the foreign investment licenses and protections," Khazaei said. "Even in the past couple of weeks we have approved more than $2 billion of projects in Iran by European companies," he said, without naming any of the firms or providing further details on the deals. Consultants eye Iran construction market as nuclear talks intensify Big Project ME 11 June International consultancies are making plans to target Iran’s construction market amid ongoing talks to mend ties between Tehran and the West, executives told Big Project ME magazine. There has been a steady stream of business delegations visiting Iran following the April agreement of a framework for a nuclear deal between Iran and six world powers including the United States and China. Political talks are accelerating ahead of the June 30 deadline for an agreement, which would likely result in the lifting of sanctions. The global construction industry has been keeping a close eye on the developments, with firms telling Big Project ME they are keen to take advantage of the situation should sanctions be lifted. “We’ve already had internal conversations about both Iran and Cuba, as markets that are going to open up, and we’re ideally positioned to enter into both markets,” said David Richter, the CEO of Hill International, a US-based construction consultancy specialising in project- and risk-management. Hill International set up shop in Libya prior to the outbreak of civil war in the North African country. 48 Global Project Opportunities: August’ 2015 Richter pointed to valuable lessons learnt from that experience, which he said would put Hill in good position for any expansion into Iran. “Our early success in Libya is a good indicator of what happens once a country opens up to US companies doing business there. We can move in very quickly there to establish our name, build a local team and start to win work very quickly. I think that will be true in Iran if that’s the next country to open up, or Cuba or anywhere else,” he said in an exclusive interview with Big Project ME. Tom Bower, the managing director of WSP | Parsons Brinckerhoff Middle East, said his firm was constantly looking for expansion opportunities across the Middle East, and that Iran was certainly of interest. “With the changes that are happening with Iran, that’s going to be an opportunity... Previously, due to the various sanctions that have been in place, we’ve not been able to operate in Iran, so we’re going to be watching it closely to see what happens and how that market develops,” he said. South Korea has in recent years been the foreign country most involved in Iran’s construction market. Two multinational firms, Hyundai E&C and Daelim, opened offices in Tehran before the South Korean finance ministry lifted the majority of its sanctions in March 2014, a report by globalconstructionreview.com said. Iran’s construction market was worth $89 billion in 2013, according to the International Contractors Association of Korea. Even if sanctions had not been relaxed, the association predicted that by 2016, that figure would reach $154 billion. $2.5 billion Omagine project takes off in Oman Construction Week 6 July Oman's government granted Omagine LLC, a 60% subsidiary of the US-based Omagine Inc., selected rights over 1m sqm of beachfront land in Seeb. Omagine LLC will use the land to develop its $2.5bn Omagine project, a mixed-use tourism and real estgate development, to be designed, developed, and operated by the US firm's subsidiary. Omagine LLC signed a usufruct agreement with the Omani government on Wednesday, July 1 2015, which granted the company certain rights over the land, including the right to sell the land on freehold 49 Global Project Opportunities: August’ 2015 basis. "On July 2, 2015, all of the necessary and required government formalities, stamps and registration procedures were completed by the Ministry of Housing of Oman, and Omagine LLC is now in possession of a signed, stamped and officially registered usufruct agreement which legally evidences Omagine LLC's ownership of the usufruct rights over the land constituting the Omagine Site," Frank Drohan, chairman of Omagine Inc, said in a filing to the US Securities and Exchange Commission (SEC), dated 2 July, 2015. "Early next week, after consultation with its accounting consultants and auditors, the Company [Omagine LLC] expects to inform its shareholders of the results of the recent land and usufruct rights valuations that LLC had previously commissioned," Drohan added in the statement. The term of the usufruct agreement is 50 years (with five years free rent). 50 Global Project Opportunities: August’ 2015 5.0 Articles of Interest Iran gears up for trade boom that could reshape region Reuters 15 July Iran is preparing for a trade and investment boom that could reshape the region after agreeing with world powers to curb its nuclear program, paving the way for sanctions that have stifled its economy to be lifted. With just under 80 million people and annual output of some $400 billion, Iran is set to be the biggest economy to rejoin the global trading and financial system since the break-up of the Soviet Union over two decades ago. "This is the deal that we have been waiting for, the one that will open the doors," said Iranian investment banker Xanyar Kamangar, founding partner of Griffon Capital, an asset management and corporate advisory firm in Tehran. The toughest sanctions look likely to remain in place for at least several more months; the agreement says measures such as US and European banking restrictions will be lifted only when the International Atomic Energy Agency has verified that Iran is keeping to its side of the bargain. For this reason, and because Iran needs to repair its dilapidated infrastructure, some of the benefits of lifting sanctions will be slow to come. It may take years for oil exports to return to the pre-sanctions levels of four years ago, almost three times the 1 million barrels per day that Iran exports now. But the nuclear deal will provide an immediate boost to Iran by making companies around the world more comfortable dealing with it, and by encouraging the Iranian diaspora to send money home, businesspeople said. Neighboring countries will feel the impact fastest. Although most Gulf Arab oil exporters may lose out as the prospect of more Iranian supply pushes down crude prices, trading centers such as Dubai can look forward to resuming their traditional role as a hub for business with Iran. INDUSTRY IDLED 51 Global Project Opportunities: August’ 2015 Economists estimate that a third of Iranian industry may have been idled by the sanctions, which the US Treasury estimates cut Iran's GDP by a fifth; much of this could now revive as trading ties with the West are re-established. Meanwhile, the modernization of Iran's oil industry, and infrastructure projects that were put on hold during the sanctions years, are expected to boost imports of commodities such as cement and steel. Iran's trade with the European Union last year totaled 7.6 billion euros ($8.4 billion). In 2011, before banking sanctions hit, it was 27.8 billion euros - a measure of the ground that may be recovered. Portfolio investment into Iran may also increase quickly, as frontier market funds enter a $100 billion stock market that is very cheaply valued by international standards. Further out, many firms are likely to establish a presence in Iran through representative offices, partnerships and franchise agreements. Some Western fast food and clothing franchises are already present, operating via Turkey, Tehran businessmen say. Large-scale foreign direct investment may take at least a year or two; big Western firms will want banking networks to be rebuilt first, and will be wary of provisions for sanctions to "snap back" if Tehran is seen to violate the agreement. But Iran is hungry for foreign capital. Mohammad-Baqer Nobakht, head of the state Management and Planning Organisation, said last week that Iran's 2016-21 development plan would need investment of $361 billion; he estimated only $204 billion could be raised domestically, leaving the rest for foreign sources. The five-year plan envisages annual economic growth of 8 per cent, matching Asia's "tiger economies" during their boom years. Private economists think that level is possible if the government removes red tape and deregulates the labor market. CATCHING UP? Iran has as large a population as the six wealthy Gulf Arab oil exporting states and Iraq combined. For most of the past decade, those states boomed while Iran struggled; now the pattern may shift radically. "Iran could turn into an engine of economic growth for the whole region," said Ramin Rabii, chief executive of Tehran-based financial firm Turquoise Partners. With its several hundred thousand ethnic Iranian residents, Dubai in particular is likely to be used as a staging post for foreign companies going back into Iran. Energy-hungry Oman may be another beneficiary. Last year it agreed to import gas from Iran in a deal that would involve building a $1 billion pipeline across the Gulf; with sanctions lifted, the project looks more likely to go ahead. 52 Global Project Opportunities: August’ 2015 Regional transport and logistics companies could also prosper from an Iran boom. Shares in Dubai port operator DP World climbed 1.4 per cent on Tuesday; Kuwait-based logistics giant Agility gained 1.5 per cent. But some countries and firms profited from helping Iran survive the sanctions, and they may now suffer from greater competition. India, for instance, did not back the sanctions, and has seen its exports to Iran double to $5 billion in the past three years. Most of the Gulf Arab oil exporters have minimal commercial ties with Iran so they stand to gain little. Instead, financial pressures on them may increase if the return of Iran to the global oil market forces them to give up market share. Saudi Arabia's economy grew solidly in the first quarter of this year partly because it raised oil output by 350,000 barrels per day, or 3.6 per cent, in the year to March. Fresh Iranian supply in the next 18 months could be many times that amount. Gulf Arab states are keen to attract foreign capital; Saudi Arabia opened its bourse to direct foreign investment last month. They will now face additional competition for funds from Iran, a more diverse economy. Qatar, Saudi Arabia and UAE the fastest growing construction and infrastructure markets in the MENA region BMI Research 9 July The UAE and Qatar not only offer a robust business environment to construction companies, but also have the strongest project pipeline in the MENA region. A new report by BMI Research says that North African markets remain risky in comparison and are not investing in their infrastructure as much as the GCC countries. Qatar remains the stand-out market, recording the highest investment ratio within the GCC and a strong operating environment. Investment ratio is calculated by dividing total value of the construction project pipeline with total construction industry value. In the region, Qatar's is the highest investment ratio of 17.5, BMI said. While the investment ratio is a good indication of the level of growth and opportunity in a market, realizing these opportunities for companies can often be difficult. 53 Global Project Opportunities: August’ 2015 In North Africa, political risk elevated in the wake of the Arab uprisings, while the GCC markets are struggling with the sheer volume of work they are undertaking. Both deficient institutional capacity and holdups in the supply of labor and materials are causing interruptions in work. Along with Qatar, BMI highlighted two other major GCC markets - the UAE and Saudi Arabia in the report. The UAE in particular is a well-established favorite for international construction firms. BMI forecast solid growth in the UAE construction sector in the run up to the Expo 2020 event. Although Saudi Arabia scores lower on the operational risk scores, once established in the market, companies will enjoy significant opportunities - with the market achieving an above average investment ratio and operational risk scores. The GCC contains BMI's preferred infrastructure markets across the MENA region. The report said: "Not only are the GCC countries investing more in projects (in order to diversify their economies) than their North Africa counterparts, but they also offer a much stronger business environments for those operating on the ground." While activity in North Africa has been much more downcast as governments wrestle with edgy populations and fraught economies, the GCC counties have stepped up their investment into infrastructure in recent years. At the same time, the GCC construction industries have begun to recuperate ground from 2008’s financial recession. This has seen the value of the project pipelines across the GCC grow, leading to higher growth rates in the construction sector. Qatar building boom proves challenge for foreign construction firms Construction of the Sharq Crossing, Qatar's $12 billion bridge and underwater tunnel link across Doha bay, was due to start this year to be ready for the 2022 World Cup, but that deadline has slipped as the government shifts priorities. The Gulf state's plans to splurge $200 billion on infrastructure as part of its 2030 development plan has lured foreign contractors to what promised to be big profits, but project delays and problems with contracts and bureaucracy have left many in difficulties and their returns uncertain. The government, too, appears to be reassessing its plans, although officials allude to a temporary but indefinite halt to projects rather than cancellations. Other schemes that have been put on hold include a multi-billion dollar chemicals plant north of the capital Doha and Doha Grand Park, modelled on New York's Central Park. 54 Global Project Opportunities: August’ 2015 "Qatar has mothballed a lot of vanity projects," said a source at a construction company operating in Qatar who spoke on condition of anonymity. "It's indicative of how the country's grand aspirations have been toned down a little bit." Corruption allegations that have rocked soccer's governing body FIFA, have put renewed media focus on Qatar and its hosting of the 2022 football World Cup, although Qatari officials say they are confident the event will go ahead as planned. The World Cup directly accounts for only about $10 billion of the $200 billion development programme, but uncertainty about the tournament is adding to a testing environment for foreign contractors in the Gulf state. While Qatar's vast wealth from natural gas production has enabled it to splash out on new infrastructure, it is doing so on strict terms. "Qatar... fears being taken for a ride by international consultants - that this is a gold rush, a boom town, and companies are going to fleece them for as much money as they can," said the source. Clauses in some contracts can make consultants financially liable for several years after the project has been delivered. "Construction companies and consultants are bank-rolling the projects for their clients," said the source. Getting their money back can be a lengthy process. "Project exposure is tens of millions of dollars, which becomes untenable - they tie us up in their approvals process ad infinitum," said the source. "The money trickles out eventually, but you want a fair day's pay for a fair day's work. They (Qatar) try to shave it off at various stages." Middle East companies and local joint ventures seem to fare better in Qatar because they are seen as long-term investors in the country. "We prefer somebody who comes to work with us, not only for one job and then leaves," said Jalal Salhi, infrastructure affairs director at Qatar's Public Works Authority (Ashghal), which is in charge of the Sharq Crossing and other projects. International construction firms or consultants can only apply for projects worth more than about 200 million riyals ($54.93 million), said Salhi. Many opt for joint ventures to ease cash-flow strains - a local partner employs around 90 percent of workers and gets about 60 percent of the money, with an international firm providing the more expensive employees. 55 Global Project Opportunities: August’ 2015 "Contracts in the Middle East generally favour the client more than they would in the West, for example. There are a myriad of clauses that make the contractor liable," said Nick Smith, Partner at engineering consultants Arcadis in Qatar. Clients unwilling to pay for design alterations is one obstacle, said a second construction industry source who spoke on condition of anonymity. "Most contractors suffer major cash-flow shortages, in part because clients don't accept paying extra for essential changes due to the original design plans being late or inadequate and unworkable unless amended," he said. For the World Cup, Qatar has appointed project managers to build five stadiums to host games, but must use 8-12 stadiums as per the bid terms. "Rolling out the master plans for the 2022 World Cup has taken longer than anybody had thought," said Darrell Bergesen, General Manager of Abu Dhabi contractor Al Jaber LEGT Engineering & Contracting's (ALEC) Qatar office. "However, it is a massive undertaking and the first for the Middle East, so the scale should not be underestimated and maybe we shouldn't be so surprised at the time taken." The World Cup has thrown the spotlight on labour conditions in Qatar. Human rights groups and trades unions say construction workers have died due to poor conditions on sites. Qatar denies the claims. It has promised broad labour reforms, but has not set a timetable. Foreign companies complain that for each project the Ministry of Labour allocates each company a set number of visas for workers from a particular country, often regardless of whether there are people from those countries willing to take the job. "The quota system is extremely challenging and ultimately this affects our ability to perform and deliver," said ALEC's Bergesen. Ashghal has only issued four consultancy tenders for projects this year, compared to 25 issued between mid-February and end-December last year, its website shows. Ashghal's Salhi said some foreign companies turn away after realising how much competition they face. "Some of the contractors, they came, we pre-qualified them but they did not tender," said Salhi. "They said that was because of a very competitive market, because we have Asian, Turkish contractors or whatever, but we're in a global market: we can't say we'll only open a tender to European companies." 56 Global Project Opportunities: August’ 2015 Qatar says that short-term delays will not derail its infrastructure programme, which will support the state's economic development. "A clear plan is in place in regard of the implementation of the major infrastructure projects," Qatar's government said in a statement to Reuters. "The government is keen to avoid any bottlenecks that may arise while at the same time continuing to closely coordinate fiscal and monetary policies towards that end." Few markets can match the pace of Qatar's economy, which is expanding by more than 6 percent annually, but disappointment that fast growth does not translate into quick profits is prompting some foreign companies to go elsewhere. "Contractors poured into Qatar because they were blinded by the opportunity and too many are chasing revenue, even if that doesn't lead to profit," said the second construction source. "Qatar is a very difficult environment for contractors - most are losing their shirt, so why stay in a market where everyone is losing money?" Middle East Economic Review 2015 15 July 2015 9:14 GMT | By Richard Thompson Lower oil prices have forced governments to review their spending plans, but the region will continue to invest heavily in strategic projects Oil reshapes regional outlook Four and a half years after Tunisian market seller Mohamed Bouazizi set himself alight in a final desperate expression of his frustration at the corruption and intransigence of the government in Tunis, the Middle East is facing some of the most challenging and uncertain conditions it has ever seen. The wave of optimism that followed the removal of unpopular regimes in Tunisia, Libya, Egypt and Yemen in 2011 has been replaced by rising security concerns as sectarian, political and tribal rivalries have been stoked by brutal crackdowns in Egypt and Bahrain, and the violence of civil war in Libya, Syria and Yemen. Successful strategy The response of the region’s wealthy oil exporters since 2011 has been to spend heavily on improving living standards, create job opportunities and crack down on dissent. For three years this strategy has mostly succeeded. 57 Global Project Opportunities: August’ 2015 REGIONAL ELECTIONS Egypt Parliamentary 2015 Mauritania Legislative 2015 Libya Constitutional referendum 2015 Iran Parliamentary 26-Feb-16 Morocco Parliamentary 2016 Source: National Democratic Institute Sustained by record revenues as a result of high oil exports and consistently high energy prices, government spending by the region’s oil exporters has driven a three-year investment boom that has seen non-oil economic growth of above 5 per cent a year and a peak in the regional projects market in 2014. But in the middle of 2015, with oil prices having fallen about 45 per cent since June 2014, the region’s policymakers find themselves at a critical moment, and some key decisions are required. The social, political and economic challenges remain as large as ever, but the outlook for oil prices is weak. The World Bank on 10 June cut its forecast for global economic growth in 2015 to 2.8 per cent, 0.2 percentage points down from its 3 per cent growth forecast in January. The downgrade, it said, is due to a slowdown in emerging market growth as a result of lower commodity prices. In May, the IMF cut its economic growth forecasts for oil-exporting nations in the Middle East and North Africa (Mena) and warned that policymakers need to prepare for a sustained period of lower oil prices and reassess their spending plans. The fund reduced its economic growth forecasts for Mena oil exporters in 2015 to 2.4 per cent, down from a growth forecast of about 3.9 per cent last October, due to lower oil prices. The GCC is projected to record the highest growth, led by spending in Qatar, UAE and Saudi Arabia. Nonoil growth on the back of construction is the main driver. The GCC governments have said that they will keep money in the system through ongoing capital spending on public infrastructure, power, water and security schemes, as well as state salaries and pensions. But at the same time, they remain committed to maintaining current oil production strategies, which will ensure oil prices stay low in the short term. 58 Global Project Opportunities: August’ 2015 Despite the promises, it is inevitable that spending will be reined in. We are already seeing a scaling back of spending commitments in Abu Dhabi, Qatar and Saudi Arabia. Economic growth will slow as spending is reduced. The escalation in spending over the past three years has driven up the oil revenues’ breakeven point for government spending and, with oil income reduced, finance ministries are facing a new set of fiscal challenges. Sufficient reserves The budget surpluses delivered over the past decade have ensured the region’s governments have enough foreign currency reserves to continue spending at very high levels for the next two to three years, so there is no immediate turning off of the financial taps. But this is not a sustainable position and will only happen if the outlook suggests there will be a recovery in oil prices. While there are some market factors that could see oil prices rebound, such as the security threat in the Middle East, economic growth in the US, and a weakening dollar, the market fundamentals all point to prices remaining low. In its latest report, published in early June, the International Energy Agency (IEA) reports a worldwide oil glut with global energy demand rising but global energy supplies rising faster. The outlook for global growth is being revised downwards as a result of slower growth in China and ongoing eurozone uncertainty. At the same time, the Opec group of oil producers continues to pump oil at record levels in order to protect its market position, while production is also increasing among nonOpec producers, who continue to find efficiencies in their cost of oil production. In addition to all of this, the prospect of international economic sanctions being lifted on Iran, home to the world’s second-biggest energy reserves, adds significant downward pressure on prices. MEED’s mid-year assessment of the outlook for oil prices for the rest of 2015 and 2016 is that they will remain in the $50-$70-a-barrel price range, but with the potential to move to either side of this band. Window closed Finance ministries in the region must assume that the era of oil prices at more than $100 a barrel is over for the long term, and the window of opportunity for sustained high spending has closed. The remainder of 2015 will see governments across the region reviewing their policy priorities and redrawing their investment plans in readiness for significantly reduced budgets in 2016. 59 Global Project Opportunities: August’ 2015 All areas of the economy will be shaped by the reviews currently under way, but nonetheless governments will continue to invest heavily in priority sectors such as transport, power, water, energy, social infrastructure and security. Spending on projects that are not core to the economic vision will be cut. Large, multi-phase megaprojects such as metros will see delays to later phases. Speculative investments on real estate or manufacturing projects will be postponed or cancelled. In addition, we can expect to see an increased focus on harnessing new technologies to drive efficiencies in energy consumption and transportation networks. And governments will increasingly look at cutting energy subsidies and the introduction of indirect forms of taxation such as road tolls and increased utilities prices. For businesses operating in the government sector – project contractors, suppliers and consultants – there will be a short-term hardening of the market as spending slows and competition increases. Tender bid prices will fall, there will be payment delays and clients will ask contractors to carry more project risk. Business margins will be squeezed. Despite the hardening of the market, there will continue to be many exciting opportunities across the region. Saudi Arabia, Kuwait, Oman, the UAE and Qatar will continue to drive spending in airports, metros, highways, oil and gas production, power, water and housing. Dubai and Doha in particular must accelerate spending on the key projects needed to deliver the Dubai World Expo 2020 and the Fifa football World Cup 2022 in Qatar. These global events have immovable deadlines and projects including the Dubai Metro extension, Al-Maktoum airport,Doha Metro, the Hamad International airport extension and Qatar’s World Cup stadiums and associated facilities cannot be delayed. Innovative finance The fall in oil prices increases the challenges of funding projects, and governments will increasingly look to innovate their project financing structures, in particular asking contractors to bring finance to projects. This creates an opportunity for large-scale international contractors to work with their national export credit agencies to underwrite project risk, providing comfort to banks to lend to projects. Governments will also seek to develop public-private partnerships (PPP) models that bring in equity investors to finance projects alongside bank debt finance. PPP finance models have yet to take off in the region outside the electricity sector, and until a revenue model can be developed for infrastructure projects that satisfies the commercial requirements of private investors, progress will be limited. 60 Global Project Opportunities: August’ 2015 The best opportunities for PPP-financed projects are in non-oil-exporting markets such as Egypt and Jordan, where capital investment requirements are high but government finances are weak. Aside from Kuwait, which has recently revamped its PPP programme under the new Kuwait Authority for Private Partnerships, GCC governments have, until now, shown little genuine desire or need to use PPP models outside the electricity sector. The development of large-scale rail and airport projects is creating new opportunities however, and the success of the Medina airport terminal expansion project, which has been designed, built, financed and operated by a consortium led by Turkey’s TAV on a PPP contract model, suggests that there may be new opportunities for infrastructure investors in the GCC in the coming years. Ten trends shaping the region Population growth The population of the Middle East and North Africa (Mena) is projected to rise from 350 million today to 602 million by 2030. Diversification Weaning the region off oil has been at the heart of economic policy for decades. Governments want investment in manufacturing, tourism, finance, logistics and ICT. Energy demand Electricity demand in the Mena region is rising at about 8 per cent a year against a global growth of 2.4 per cent. By 2020, the region will need a 34 per cent increase in generation capacity and 2.2 billion gallons a day of additional desalination capacity. Structural reform Economically essential but politically dangerous reforms are needed, including new taxes, privatisation and energy subsidy cuts. In 2014, global energy subsidies amounted to about $550bn, of which some $270bn were in Mena. Urbanisation The growth of cities such as Dubai, Riyadh, Jeddah, Doha and Abu Dhabi is creating road congestion, pollution, a rising cost of living and social issues. Governments hope technology will help them tackle these problems. Investment in education Governments must develop the academic and vocational skills of the local workforce to compete in a global market. 61 Global Project Opportunities: August’ 2015 Localisation Saudi Arabia alone needs to create 4 million jobs in five years. Unemployment among locals in the kingdom stands officially at about 12 per cent. Almost half have degrees. Investment in infrastructure About $3.4 trillion-worth of projects are planned or under way in the Gulf region, growing at about 10 per cent a year. Finding finance Governments including Saudi Arabia and Oman are preparing for major project finance borrowing, following the fall in oil prices. Solutions such as private finance models, export credit agency support and contractor finance are needed. Iran The lifting of international economic sanctions on Iran will open up a market of 77 million people – bigger than the entire GCC – with access to the world’s second-biggest energy reserves. 62 Global Project Opportunities: August’ 2015 6.0 FORTHCOMING EVENTS FAIRS/EXHIBITIONS OVERSEAS Days & Timing: 06 - 08 May, 2016 10 AM TO 06 PM Venue:KICC,Nairobi, Kenya Buildexpo Africa is the only show with the widest range of the latest technology in construction machinery, building material machines, mining machines, construction vehicles and construction equipment. At the 19th edition of Buildexpo, East Africa’s largest building and construction fair, we bring you exhibitors from over 35 countries who are the finest in infrastructure development. Find what suits you best from about 14.3 million business prospects during the three-day event, with over 10,000 products, equipment and machinery on display across an expanse of more than 10,000 square metres. Last year’s event witnessed international pavilion participation from India, Turkey, China, Italy, Malaysia and Germany. For its latest edition, Buildexpo Africa has seen a 25 per cent increase in demand for participation from international and local industry players. Over the years, we have grown to cater to the demands not just of the Kenyan market, but of the whole region of East Africa. This mega expo is the ideal forum for international players to showcase their products and services to the huge market in Africa. We receive visitors from across East Africa, and trade visitors are invited directly and in collaboration with regional trade bodies in Kenya, Tanzania, Ethiopia, Uganda, Somalia, Mozambique and Congo. Kenya is certainly one of the biggest markets in Africa, but Buildexpo also lays strong emphasis on attracting traders and importers from neighbouring countries. According to the World Bank, infrastructure is the key to Africa’s economic turnaround and will play an even greater role in the continent’s continued development. Kenya, in particular, is making giant strides in infrastructure and urbanization, with demarcated economic zones, commercial and residential buildings, and resorts for tourists. The country’s infrastructure and construction industry value is expected to double between 2016 and 2020. There has already been a spike in the demand for building material and machinery. Contact: expo@expogr.com Expo Group Expogroup Estate NH-17, Porvorim Bardez, Goa, India Tel : + 91-832-6451777/666/555 Fax : + 91-832-2410771 63 Global Project Opportunities: August’ 2015 INDIA SOURCING FAIR, COLOMBO (SRI LANKA), DEC 2015 The India Trade Promotion Organisation (ITPO), a Public Sector Enterprise under the Ministry of Commerce will be organizing an exclusive multi product India Show i.e. India Sourcing Fair in Colombo (Sri Lanka) in the first fortnight of 2015. Indo- Sri Lankan mutual trade has been growing steadily The main objective of the fair is to help Indian companies capture the Sri Lankan market which is going in for massive sourcing of products and services from other countries after a prolonged period of internal strife. Sri Lanka at present is enjoying a period of peace and development and is going in for all round reconstruction.Market surveys have indicated that this is the most appropriate time for Indian companies/products and services to enter the Sri Lankan market to make their presence felt. The Fair will provide an opportunity for Sri Lankan industrialist and businesses to view the latest innovations, products and services offered by Indian companies. This exhibition will be an ideal networking platform for Indian companies to establish their presence in Sri Lanka. OBJECTIVES OF THE EVENT :• An opportunity for Indian Manufacturers and Suppliers to showcase their products and services to an evolving market • To facilitate market entry and buyer introduction to many new Indian companies interested in doing business in Sri Lanka • To be a one stop shop for Indian exporters, manufacturers and producers • To provide an opportunity for the Sri Lankan business community to witness first hand on what’s available in India • To provide an opportunity for small and medium scale exporters to showcase their products and services. The products on display will include: Engineering: Automobiles & Auto parts, Engineering Goods, Machine-tools, Hand-tools, Machinery & Equipment, Mining & Construction, Equipment, Medical Equipment & Disposables and infrastructure companies Textiles: Readymade Garments, Home Furnishings, Fabrics, Readymade garments & Accessories, Carpets, Handlooms, etc. Leather Goods: Shoes, Handbags, Garments, Accessories, etc. 64 Global Project Opportunities: August’ 2015 Chemicals & Pharmaceuticals Plastic & Rubber Product Sports GoodsTourism & Hospitality (Travel companies and Hotels etc.) Real Estate Industry The participation charge is likely to be fixed around Rs.8,000 per sq mtr.(approx. - subject to finalization) with a minimum bookable area of 9 sq mtrs and multiples of 3 sq mtrs thereafter. The rentals are being subsidized under the MAI scheme of the Ministry of Commerce,Government of India. In case your Organisation/company is interested in participation, please fill up the attached application form and forward the same alongwith a Demand draft of Rs.50,000/- drawn in favour of “India Trade Promotion Organisation” payable at Chennai at the address given below. V. Narayanan Senior Manager India Trade Promotion Organisation Raja Annamalai Building (2nd floor),72 Rukmani Lakshmipathi Road, Egmore,Chennai – 600 008. Tel : 044 - 28587297 India Sourcing Fair, Sri Lanka December,2015 65 Global Project Opportunities: August’ 2015 SRI LANKA Contact: "Idikireem Medura" 350A, Pannipitiya Road, Pelawatte, Battaramulla,Sri Lanka. Hot Line : +94 11 44 222 22 Tel : +94 11 2786325, 2786326, 2786350 Fax : +94 11 2784355 E-mail : info@ncasl.lk Web : www.constructexhibition.com www.ncasl.lk CONSTRUCT organized annually by the National Construction Association of Sri Lanka (NCASL) since 2001 will be held on 28th, 29th, 30th August 2015 for the 15th consecutive year at the Sirimavo Bandaranaike Memorial Exhibition Center (SBMEC) Colombo, Sri Lanka. CONSTRUCT has evolved to greater heights and is now the industry's key trade fair in the South Asian Region. CONSTRUCT plays a prominent role because it has so much to offer. This is confirmed by the extremely positive response elicited for the display of building materials, building services and construction equipment. CONSTRUCT is an international exhibition, which showcases products from Malaysia, India, Pakistan and China. CONSTRUCT 2015 will deliver unprecedented access to key decision-makers in civil construction, quarrying, construction materials and related industries. CONSTRUCT will greatly increase your future business prospects along with incorporating events which are absolutely demand oriented. 66 Global Project Opportunities: August’ 2015 Project Qatar 2016 Date: 2 – 5 May 2016 Opening Hours: 4:00 PM – 10:00 PM Daily Category: For Trade Only - Children under 16 are not allowed Venue: Qatar National Convention Centre (QNCC) Project Qatar 2016, the 13th International Construction Technology & Building Materials Exhibition, will be taking place at the Qatar National Convention Centre (QNCC), from 2 - 5 May. The event attracts key buyers and industry leaders looking for the most up-to-date technology and state-of-the art equipment available on the market. Project Qatar is now established as Qatar’s most important exhibition for highlighting the latest products and services needed for Qatari’s fast growing construction sector and has become a destination of choice for regional and international industry professionals. The show provides a unique and dynamic platform for buyers and suppliers to make contacts and drive future developments in Qatar’s multi- billion construction sector. Exhibitors benefit from massive exposure to premier regional agents, dealers, buyers and distributors. After holding a successful 12th edition at the Qatar National Centre (QNCC), Project Qatar returns in 2016 to the state-of-the-art venue in order to continue offering exhibitors a new and improved experience with more advanced facilities and services across 41,500 square meters of exhibition space. The QNCC is located on Qatar Foundation’s 2,500-acre campus, which hosts faculties from worldrenowned universities such as Weill Cornell, Texas A&M, and Georgetown, as well as home-grown centers such as Sidra Medical and Research Center, Qatar Science & Technology Park, and Al Jazeera Children’s Channel. The Centre is purposely built to facilitate all types of events ranging from high-profile conferences and exhibitions to international theatrical productions. It is equipped with cutting edge technologies and equipment to stage world-class events. For more info, visit www.qatarconvention.com. Contact Details IFP Qatar (Member of IFP Group) Address: Ibn Seena Street, Al Muntazah Area, Doha, Qatar. Tel: +974 44329900Fax: +974 44432891 Email: info@ifpqatar.comWeb: www.ifpqatar.com 67 Global Project Opportunities: August’ 2015 Saudi Build: Date: 26 – 29 October 2015 Opening Times: 4:00 - 10:00 PM Venue: Riyadh International Convention & Exhibition Center (RICEC) Riyadh International Convention and Exhibition Center (RICEC) is a primary exhibition venue with state-ofthe-art facilities and services including: • 20,000 SQM of exhibition space (15,000 SQM of indoor air-conditioned halls, 5,000 SQM of outdoor exhibition area) • Shipping offices, conference hall, VIP reception lounge, business and press centers, a restaurant and coffee shops • Parking capacity of 1,500 cars and buses with shuttle services able to accommodate 10,000 guests Saudi Build 2015, The 27th International Construction Technology & Building Materials Exhibition is the largest business to business construction fair in the Kingdom and provides contractors, real estate developers and building owners with a full range of building solutions and the opportunity to access the Saudi and regional construction markets under one roof. Saudi Build 2015 is held concurrently with Saudi PMV 2015 the 6th International Exhibition for Construction Equipment, Plant, Machinery & Vehicles, and withSaudi Stone-Tech 2015 the 18th International Trade Exhibition for Stone & Stone Technology, organized in collaboration with Veronafiere and Confindustria Marmomacchine (organizers of the famous Marmomacc show in Verona – Italy) a rich combination which serves to create more business opportunities. SAUDI BUILD 2014: Continuous Growth > 785 Exhibitors from 20 countries > 22, 984 Visitors > 26,000 sqm of exhibitor space > 15 National Pavilions Saudi Build Trade Show: UFI Certified 68 Global Project Opportunities: August’ 2015 Saudi Build is the only construction trade show in Saudi Arabia accredited by UFI, the Global Association of the Exhibition Industry. UFI grants certification to top-notch professional events managed by experienced organizers with proven track records in international exhibitions. For more information please contact: Customer Service Helpline If you have any questions regarding your participation in Saudi Build / Stone-Tech / The PMV Series’2015, call our dedicated Customer Service Helpline open from Sunday to Thursday 8:00 am - 5:00 pm. Helpline Mr. Shahid M Bhatti Project Manager Tel: +966 11 229 5604 Ext 510 / +966 503 416 828 Fax: +966 11 229 5612 shahid.bhatti@recexpo.net International Sales Mr. Noel Puno Tel: +966 11 229 5604 Fax: +966 11 229 5612 Noel.Puno@recexpo.com 69 Global Project Opportunities: August’ 2015 Saudi Mega Projects Summit 2015 8 - 10 December 2015 | Major opportunities within the kingdom’s project pipeline and mega project programmes MEED’s Saudi Mega Projects Summit conference is the definitive event in Saudi Arabia for all those seeking opportunities in the Kingdom’s transportation, construction, housing and social infrastructure projects markets. With mega project growth forecasted at nearly $65 - $70bn for 2015, the Saudi Mega Transport & Infrastructure Projects conference is a unique opportunity to gain unprecedented insight and access into the biggest projects market in the Middle East. Date: 8 - 10 December 2015 Venue: Riyadh, Saudi Arabia Email/ phone: To register or download the brochure, visit: MEED Events Customer Service on +971(0)4 818 0217 or emailmeedevents@meed.com Gain access to the kingdom’s key government and private stakeholders. For more information call +971(0)4 818 0217 or emailmeedevents@meed.com. Oman Projects Forum 2015 26-28 October 2015 | Reviewing Oman’s project market and upcoming opportunities Oman Projects Forum 2015 is the largest gathering of decision makers from across the infrastructure and energy sectors including government representatives, developers, and consultants, offering you the opportunity to showcase your company’s abilities, develop new business contacts and maintain market share through gaining first-hand knowledge on upcoming projects and industry trends. Highlighting major developments across the Sultanate, valued at $87 billion for implementation within your long term business strategy, the conference allows you to stay ahead of the curve and align your organisation with leading project owners. The event will provide positioning to an engaged audience as a thought leader and profile your speaker as the industry expert, enabling debate to maximise brand recall. 70 Global Project Opportunities: August’ 2015 What’s new for 2015 Gain insight on 80% of Oman’s mega projects- Hear from major clients and client consultants as they discuss their long-term priorities and revised expenditures amidst the falling oil prices to help you plan your long-term business strategy Find out the updated scope and scale of opportunities across the infrastructure and energy sectors so you can understand the scale and scope of the projects to be awarded Additional networking opportunities through innovative conference formats - meet new prospects and maintain market share with key clients driving the Sultanate’s projects market Date: 26 - 28 October 2015 Venue: Muscat, Oman Email/ phone: For more information contact visit www.omanprojectsforum.com or contact MEED Events Customer Service at meedevents@meed.com or call +971 (0)4 818 0224 To register or download the brochure, visit: To register for this event please call MEED Events Customer Service on +971(0)4 818 0217, email meedevents@meed.com or register online MENA Rail and Metro Summit 2015 5 - 7 October 2015 | Join us for our 11th annual MENA Rail & Metro Summit to discuss the world’s fastest growing rail & metro market MENA Rail and Metro Summit 2015 is now in its 11th year and our strategic plan is in delivering an exceptionally high level of seniority, with leading key decision makers and stakeholders; with invitations being addressed to Departments and Ministries of Transport, Operators, and Regional Project Sponsors. The Summit will incorporate a focused agenda exploring key themes and issues regarding projected rail plans, with case studies by GCC and MENA stakeholders and operators which will 71 Global Project Opportunities: August’ 2015 address project delivery, operability and the implementation of advanced engineering solutions and technical best practices for state of the art and world class Rail and Metro services”. Benefits of attending: With a stellar speaker line-up of over 60 major stakeholders including the region’s Transport Ministries and Authorities you gain direct access to advanced market intelligence and lots of networking time with decision makers of fundamental importance to your business planning needs and goals. Our program and agenda has been researched with industry experts for the benefit of the industry and includes two days of high quality content. We give delegates insight into MENA’s Regional Operators on their Rail and Metro Projects. Business time well spent enabling you to fulfil all your knowledge and business development needs. Meet your clients, partners, customers and prospects right across the rail and metro value chain. Hear from the most compelling speakers featuring the real stakeholders, the region’s Operators, Transport Ministries and Authorities, the project consultants, contractors, technical and project specialists. Business Introductions and Meet and Greet - we realise that businesses wish to do business in growing, new and exciting markets. So take full advantage of our Rail and Metro exhibition area and introduce yourself to new businesses, clients, customers and make your presence felt by exploring new growth markets and opportunities. Date: 5 - 7 October 2015 Venue: Dubai, UAE Email/ phone: For more information visit www.meedrailprojects.com contact MEED Events Customer Service on +971 (0)4 818 0217 or emailmeedevents@meed.com To register or download the brochure, visit: To register for this event please call MEED Events Customer Service on +971(0)4 818 0217, email meedevents@meed.com or register online 72 Global Project Opportunities: August’ 2015 Qatar Transport Conference 2015 14-16 September | Moving forward: Providing business opportunities and stimulating Qatar’s transport sector There has been a very real acceleration in the Qatar transport market this year and based on current pipelines, the next three years will be the best years to date in terms of transport projects to be awarded. With $44.082bn worth of transport projects currently under construction, Qatar is positioned in the top 3 markets of the GCC region and MEED Projects forecasts another $34.793bnof projects due to be awarded by 2018. This year’s forum will cover the sharp increase in transport project activity over the next few years. The 5th annual Qatar Transport Forum, Hosted by the Ministry of Transport in Qatar and under the patronage ofH.E. Jassim Saif Al Sulaiti, Minister of Transport, will focus on the projects of the authorities and agencies under the umbrella of the Ministry of Transport including: New Port Project, Civil Aviation Authority and Qatar Rail. Date: 14-16 September Venue: Doha, Qatar Email/ phone: For more information visit www.qatartransportforum.com, emailmeedevents@meed.com or call +971 (0)4 818 0217 To register or download the brochure, visit: www.qatartransportforum.com 73 Global Project Opportunities: August’ 2015 27 - 29 August, 2015,Tanzania EVENT INFORMATION Days & Timing: 27 - 29 August, 2015, 10 AM TO 06 PM Business Visitors Only Venue: Mlimani Conference Centre, Dar-es-Salaam, Tanzania POWER & ENERGY TANZANIA - Int'l Trade Exhibition will be held at Mlimani Conference Centre, Dar-es-Salaam, Tanzania. The event will attract visitors from all over Africa. The exhibition will be held concurrently with OIL & GAS TANZANIA. The Event will be held from the 27th to the 29th of August, 2015 at Tanzania's prime international venue; the Mlimani Conference Centre in Dar-es-Salaam. After a succesfull 3 years of Power & Energy Africa - Kenya, the demand has now increased and we now bring the show to the entire East African region, thus launging the first edition of Power & Energy Africa 2015 in Dar-es-Salaam, Tanzania. Spread over a period of 3 days, the event brings together decision makers and influencers as well as technical experts and professionals from leading companies involved in the power & energy generation, transmission and distribution sector within Africa and around the globe. Exhibiting at this event will allow you to showcase your products and services to the industry's largest gathering of qualified decisionmakers. Trade visitors from all over East & Central African countries are being invited directly and in collaboration with several regional trade bodies in Tanzania, Kenya, Ethiopia, Uganda, Somalia, Mozambique & Congo. Though Tanzania by itself is one of the biggest markets in Africa, major emphasis is being laid upon attracting traders and importers from neighbouring countries. Major Categories New & Renewable Energy Captive and Co-generation Plants Nuclear Technology Generators & UPS Systems Energy Efficiency & Conservation Transmission & Distribution Power Transmission Equipments Environmental & Safety Management 74 Global Project Opportunities: August’ 2015 27 - 29 August, 2015,Tanzania EVENT INFORMATION Days & Timing: 27 - 29 August, 2015, 10 AM TO 06 PM , Business Visitors Only Venue: Mlimani Conference Centre, Dar-es-Salaam, Tanzania OIL & GAS TANZANIA 2015 - It is truly remarkable how East Africa, and specifically Tanzania has in a short period of time become the main focus of attention as a source of new global gas supply. Large amounts of foreign investments have been invested in the Tanzanian Oil and Gas industry after its discovery. These investments have made East Africa the next lucrative market in the international scenario. Oil & Gas Tanzania - The Gateway to the East African Oil & Gas Industry. It is truly remarkable how East Africa, and specifically Tanzania has in a short period of time become the main focus of attention as a source of new global gas supply. Large amounts of foreign investments have been invested in the Tanzanian Oil and Gas industry after its discovery. These investments have made East Africa the next lucrative market in the international scenario. Since 2010, Tanzania has witnessed further exploration and discoveries of significant quantities of natural gas both on- and off-shore. The first Oil & Gas Africa - Int'l Trade Exhibition, will be held from the 27th to the 29th of August 2015. This event will be the hub for key players in the Oil and Gas industry, attracting leading oil, gas and petroleum companies from around the world. Oil & Gas Africa will offer participants the opportunity to showcase the industry's latest achievements and technologies while networking with key figures from the region's oil and gas sector. The exhibition brings the industry together in a forum that is conducive to business. This event is not only a key international event on Oil and Gas exploration in Tanzania but also an important platform for establishing and building business relations globally. Major Categories Drilling & Well Completion Equipment Instrumentation & Control Technology Lifting Equipment, Cranes and Winches Health, Safety & Environmental Products and Management Offshore Platforms, Design, Piling, Floating Equipment Refining & Petrochemical Equipment and Services 75 Global Project Opportunities: August’ 2015 22 - 24 August, 2015,Tanzania Days & Timing: 22 - 24 August, 2015 Venue: Mlimani Conference Centre, Dar-es-Salaam, Tanzania The Gateway To The 380 Million Consumer Market Of The East African Region The 18th Buildexpo 2015 - International Trade Expo on Building & Construction Products, Eqpt. & Machinery is the largest trade event held annually in Tanzania. The exhibition attracts exhibitors from more than 30 countries and visitors from all over East & Central Africa, thus giving exhibitors an excellent opportunity to explore several countries in one time. Over the past few years, Tanzania has emerged as a major regional trade centre. This is mainly due to a very friendly and business like atmosphere it offers to foreign investors and products. Duties are considerably low and re-exports to neighbouring countries are either very low or exempted. Major Categories Construction Eqpt. & Machinery Mining Steel & Aluminium Safety & Security Building Materials, Tools & Hardware Woodworking Bathroom, Kitchen & Flooring Air Conditioning Lighting Water Technology 76 Global Project Opportunities: August’ 2015 12TH BUILDINT KENYA . Days & Timing: 18 - 20 September 2015 10 AM TO 06 PM Venue: Sarit Expo Centre, Nairobi, Kenya The Largest Building & Construction Trade Event in Kenya 12th Buildint Kenya - International Trade Exhibition will be held in Kenya from 18-20 Sep 2015 in Nairobi, Kenya BUILDINT KENYA is the main international Building & Construction Event. Setting new highs for participation from over 20 countries & visitors from over 12 African countries, the event is all set for its exhibitors to meet serious buyers within the 3 days. The event continues to to lead the way in showcasing the new products & technology not only to Kenya but also to its surrounding countries. The event held in conjunction with 12th Kenya Trade Show 2015. According to the registration approximately 7800 business / trade / general visitors were estimated to have visited the exhibition. About 900 overseas trade visitors were recorded who came from Britain, Burundi, India, Hong Kong, Oman, Singapore, South Africa, Nigeria, Ethiopia, Tanzania and Uganda, Mozambique & UAE. 77 Global Project Opportunities: August’ 2015 BUILDING & CONSTRUCTION Prefabricated Buildings ; Aluminum & Steel Profiles; Formwork & Scaffolding; Road Construction Machines / Equipment; Earthmoving Equipment; Architects,Builders & Civil Contractors; Bathroom & Kitchen Equipment; Road Markers; Tiles & Marble; Granite & Ceramics; Swimming Pools & Spa Equipment; Lifts / Elevators & Escalators; Ladders; Tunneling Systems; Paints & Accessories; Generators; Building Automation; Cement; Sanitary ware; Cables & Electrical; Hand Tools; Road Safety Equipments; Landscaping; Pipes & Fittings; Switchgears; Hydraulic Tools & Accessories; Scaffolding; Underground Technology Sewerage & Drainage; Swimming Pools; Water Treatment; Waterproofing; Safety Equipments; Water Saving; Water Purification Adhesives & joining elements; Concrete additives; Concrete finishing & texturing machinery; Concrete production; Concrete transport equipment; Cranes & lift equipment; Cutting, grazing and grinding equipment; Decorative concrete; Heavy & light machinery; Insulated concrete forms; Insulation & waterproofing; Mixing equipment; Precast and prestressed concrete production; Pumping equipment; Scaffolding work platforms; Surface preparation; Surveying/measuring equipment; Tools; Vibrating equipment WATER TREATMENT CONCRETE TECHNOLOGY INTERIORS DECORATION & LIGHTING Furniture False Ceilings Professional Kitchen Equipments Woodworking Electrical Switches Carpeting Wallpaper Awnings / Blinds Lighting Control Panels Contact: Grow Exhibitions P.O.Box 103574 Dubai - UAE Tel : +971 4 3964906 Fax : +9714 3964904 78 Global Project Opportunities: August’ 2015 6.0 POLICY & PROCEDURES RBI/2015-16/83 Master Circular No.14/2015-16 July 01, 2015 (Updated as on July 16, 2015) To, All Category – I Authorised Dealer Banks Madam / Sir, Master Circular on Export of Goods and Services Export of Goods and Services from India is allowed in terms of clause (a) of sub-section (1) and subsection (3) of Section 7 of the Foreign Exchange Management Act 1999 (42 of 1999), read with Notification No. G.S.R. 381(E) dated May 3, 2000 viz. Foreign Exchange Management (Current Account Transactions) Rules, 2000, as amended from time to time. 2. This Master Circular consolidates the existing instructions on the subject of "Export of Goods and Services from India" at one place. The list of underlying circulars/notifications consolidated in this Master Circular is furnished in Appendix. 3. This Master Circular is being updated from time to time as and when the fresh instructions are issued. The date up to which the Master Circular has been updated is suitably indicated. 4. This Master Circular may be referred to for general guidance. The Authorised Persons and the Authorised Dealer Category – I banks may refer to respective circulars/ notifications for detailed information, if so needed. Yours faithfully, (A.K.Pandey) Chief General Manager 79 Global Project Opportunities: August’ 2015 INDEX PART - 1 A. Introduction PART - 2 B. General guidelines for Exports B.1 Exemption from Declarations B.2 Manner of Receipt and Payment B.3 Realization and Repatriation of proceeds of export of goods / software / services B.4 Foreign Currency Account B.5 Diamond Dollar Account (DDA) B.6 Exchange Earners’ Foreign Currency (EEFC) Account B.7 Setting up of Offices Abroad and Acquisition of Immovable Property for Overseas Office B.8 Advance Payments against Exports B.9 EDF Approval for Trade Fair/Exhibitions abroad B.10 EDF approval for Export of Goods for re-imports B.11 Re-export of unsold rough diamonds from Special Notified Zone of Customs without Export Declaration Form (EDF) formality B.12 Part Drawings /Undrawn Balances B.13 Consignment Exports B.14 Opening / Hiring of Ware houses abroad B.15 Direct dispatch of documents by the exporter B.16 Invoicing of Software Exports B.17 Short Shipments and Shut out Shipments B.18 Counter-Trade Arrangement B.19 Export of Goods on Lease, Hire, etc. B.20 Export on Elongated Credit Terms B.21 Export of goods by Special Economic Zones (SEZs) B.22 Project Exports and Service Exports B.23 Export of Currency B.24 Forfaiting B.25 Exports to neighboring countries by Road, Rail or River B.26 Export factoring on non-recourse basis B.27 Border Trade with Myanmar B.28 Repayment of State Credits B.29 Counter –Trade Arrangements with Romania PART – 4 Annex-1 - Current Account Transaction Rules Annex-2 – Form EFC Annex- 3 – Common SOFTEX Form 80 Global Project Opportunities: August’ 2015 Annex- 4 – Revised SOFTEX Procedure Annex -5 - Delay in Utilization of Advance Received for Exports Appendix B.22 Project Exports and Service Exports (i) Export of engineering goods on deferred payment terms and execution of turnkey projects and civil construction contracts abroad are collectively referred to as ‘Project Exports’. Indian exporters offering deferred payment terms to overseas buyers and those participating in global tenders for undertaking turnkey/civil construction contracts abroad are required to obtain the approval of the AD Category – I banks/ Exim Bank at post-award stage before undertaking execution of such contracts. Regulations relating to ‘ Project Exports’ and ‘Service Exports’ are laid down in the revised Memorandum of Instructions on Project and Service Exports (PEM-July 2014). (ii) Accordingly, AD banks / Exim Bank may consider awarding post-award approvals without any monetary limit and permit subsequent changes in the terms of post award approval within the relevant FEMA guidelines / regulations. Project and service exporters may approach AD banks / Exim Bank based on their commercial judgment. The respective AD bank / Exim Bank should monitor the projects for which post-award approval has been granted by them. (iii) The stipulation of time limit of 30 days for the exporter undertaking Project Exports and Service contracts abroad to submit form DPX1/ PEX-1 /TCS-1 to the Approving Authority (AA) for seeking post award approval will not apply henceforth. (iv) In order to provide greater flexibility to project & service exporters in conducting their overseas transactions, facilities have been provided as under: (a) Inter-Project Transfer of Machinery The stipulation regarding recovery of market value (not less than book value) of the machinery, etc., from the transferee project has been withdrawn. Further, exporters may use the machinery / equipment for performing any other contract secured by them in any country subject to the satisfaction of the sponsoring AD Category – I bank(s) / Exim Bank and also subject to the reporting requirement and would be monitored by the AD Category – I bank(s) / Exim Bank. (b) Inter-Project Transfer of Funds AD Category – I bank(s) / Exim Bank may permit exporters to open, maintain and operate one or more foreign currency account/s in a currency (ies) of their choice with inter-project transferability of funds in any currency or country. The Inter-project transfer of funds will be monitored by the AD Category – I bank(s) / Exim Bank. (c) Deployment of Temporary Cash Surpluses 81 Global Project Opportunities: August’ 2015 Subject to monitoring by the AD Category – I bank(s) / Exim Bank, Project / Service exporters may deploy their temporary cash surpluses, generated outside India investments in short-term paper abroad including treasury bills and other monetary instruments with a maturity or remaining maturity of one year or less and the rating of which should be at least A-1/AAA by Standard & Poor or P-1/Aaa by Moody’s or F1/AAA by Fitch IBCA etc., ,and as deposits with branches / subsidiaries outside India of AD Category – I banks in India. (d) Repatriation of Funds in case of On-site Software Contracts The requirement of repatriation of 30 per cent of contract value in respect of on-site contracts by software Exporter Company / firm has been dispensed with. They should, however, repatriate the profits of on-site contracts after completion of the contracts. RBI/2015-16/121 A.P. (DIR Series) Circular No.3 July 09, 2015 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's GoI supported Line of Credit of USD 15.13 million to the Government of Republic of Djibouti Export-Import Bank of India (Exim Bank) has entered into an agreement dated March 9, 2015 with the Government of Republic of Djibouti, for making available to the latter, a Line of Credit (LOC) of USD 15.13 million (USD Fifteen Million One Hundred and Thirty Thousand) for financing Ali Sabieh Cement Project in the Republic of Djibouti. The goods, machinery, equipment and services including consultancy services from India for exports under this agreement are those which are eligible for export under the Foreign Trade Policy of the Government of India and whose purchase may be agreed to be financed by the Exim Bank under this agreement. Out of the total credit by Exim Bank under this agreement, the goods and services including consultancy services of the value of at least 75% of the contract price shall be supplied by the seller from India and the remaining 25% goods and services (other than consultancy services) may be procured by the seller for the purpose of the eligible contract from outside India. 2. The credit agreement under the LOC is effective from June 5, 2015 and the date of execution of agreement is March 9, 2015. Under the LOC, the last date for opening of letters of credit and disbursement will be 48 months from the scheduled completion date of contract in the case of project 82 Global Project Opportunities: August’ 2015 exports and March 8, 2021 (72 months from the execution date of the credit agreement) in the case of other supply contracts. 3. Shipments under the LOC will have to be declared on EDF/ SDF Forms as per instructions issued by the Reserve Bank from time to time. 4. No agency commission is payable under the above LOC. However, if required, the exporter may use his own resources or utilize balances in his Exchange Earners’ Foreign Currency Account for payment of commission in free foreign exchange. Authorised Dealer Category- l (AD Category-l) banks may allow such remittance after realization of full payment of contract value subject to compliance with the prevailing instructions for payment of agency commission. 5. AD Category-I banks may bring the contents of this circular to the notice of their exporter constituents and advise them to obtain full details of the Line of Credit from the Exim Bank’s office at Centre One, Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai 400 005 or log on to www.eximbankindia.in. 6. The Directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, (A. K. Pandey) Chief General Manager 83 Global Project Opportunities: August’ 2015 9 PROJECT CONSTRUCTION ITEMS : OVERSEAS INQUIRIES Bathroom Fittings & Accessories Plumb Crazy Buyers of all plumbing, bathroom, hardware products. Address: 100 Voortrekker Road, Salt River, Cape Town - 7925, South Africa Phone: +(27)-(21)-5117818 Fax: +(27)-(21)-5117873 Mobile / Cell Phone: +(27)-834634649 Kudos Shower Products Limited Buyers of cotton bath and shower mats. Address: Elmsfield Park Holme Cumbria, Manchester - LA61RJ, United Kingdom Phone: +(44)-(1539)-564040 Fax: +(44)-(1539)-564141 Otari Ghana Limited Buyers of all types of bathroom fittings. Address: No.:10, Dadeban Loop, North Industrial Area, Accra, Ghana Phone: +(233)-(21)-237796 Fax: +(233)-(21)-237796 Mobile / Cell Phone: +(233)-24670780 Newise International Limited Importer of bathroom sinks. Address: 1/F, Kai Kwong Commercial Bldg Lockhart Road Wanchai, Wan Chai - 332334, China (Hong Kong S.A.R.) Phone: +(852)-(852)-25117008 Fax: +(852)-(852)-28917187 T. K. Interior Design & Decoration S/b Importers of bathroom accessories. Address: 750/D, Taman Ecorich Jalan Tanjung Batu, Bintulu - 97000, Malaysia Phone: +(6)-(86)-332729 Fax: +(6)-(86)-332729 Mobile / Cell Phone: +(6)-0138338430 Cixi Star Light Sanitary Ware Company Limited Buyers of shower. Address: Cang Tian Industrial Area, Changhe, Cixi, Ningbo - 315 326, China Phone: +(86)-(574)-63406416 / 63415898 Fax: +(86)-(574)-63409125 / 63415786 E-buy Radiators Direct Limited Buyers of bathroom fixture and fittings such as taps, showers, baths sinks etc. Address: 15, Longfield Avenue, Fareham - PO141DA, United Kingdom Phone: +(44)-(1329)-519465 Fax: +(44)-(1329)-519465 Jash Technical Services Co. Limited Importers of bath accessories. Address: P. O. Box 173, Riyadh - 11411, Saudi Arabia Phone: +(966)-(1)-4767780 Fax: +(966)-(1)-4776662 Haider Limited Buyers of bathroom fittings. Address: 15 Hollinbank Lane, Lee - WF16 9NF, United Kingdom Phone: +(44)-(7979)-920555 Multitrade International Ltd. deals in bathroom fittings Address: Data General Building, 666 Gt South Rd., Ellerslie, P O Box : 62503, Central Park, Auckland, New Zealand Phone: +(64)-(9)-5259721 Fax: +(64)-(9)-5250471 84 Global Project Opportunities: August’ 2015 Aqua Tec Importers of spare parts for sink. Address: 25 Moaz Aldawla, Nser City Mkram Abeed, Cairo - 11241, Egypt Phone: +(2)-(2)-6708075 Fax: +(2)-(2)-2729651 Mobile / Cell Phone: +(2)-0020124595870 Roca Sanitario SA Importers of bathroom fittings and products. Address: Avda. Diagonal, 513, Barcelona - 08029, Spain Phone: +(34)-(93)-3661200 Curtiss AS. Importers of products related to bathroom. Address: Keramikkveien 32, Stavanger - 4032, Norway Phone: +(47)-(51)-800805 Plasztikform Kft Importers of stainless steel bathroom units. Address: Baross Utca 167, Budavrs - 2040, Hungary Phone: +(36)-(23)-423001 Fax: +(36)-(23)-423003 Samra Bath Center Engaged in importing of bathroom accessories, bathroom mirrors and bathroom other products. Address: 23, King George Street, Tel Aviv - 63290, Israel Phone: +(972)-(52)-4669609 Fax: +(972)-(3)-5273506 Bellagio, Sarl Buyers of bathroom fitting. Address: Tabaris Square, Achrafieh, Beirut, Lebanon Phone: +(961)-(1)-204042 Importers of all kinds of bathroom fittings. Address: 20/25, North South Road, Siddique Bazar, Habib Market, 3rd Floor, Dhaka, Bangladesh Phone: +(880)-(2)-9566254 Fax: +(880)-(2)-9566254 Mobile / Cell Phone: +(880)-171536146 Microdata Associates Limited Buyers of bathroom accessories such as shower curtain, toothbrush holders etc. Address: 79, Roseville Road, Hayes, London - UB34QY, United Kingdom Phone: +(44)-(208)-5731391 Fax: +(44)-(790)-2098281 Mobile / Cell Phone: +(44)-7812339669 Swadesh Bidesh Buyers of bathroom accessories. Address: 64, Aziz Super Market, 1st Floor, Dhaka - 1000, Bangladesh Phone: +(880)-(2)-861025 Fax: +(880)-(2)-8613958 Mobile / Cell Phone: +(880)-11875686 85 Global Project Opportunities: August’ 2015 Construction Machinery Precise Engineering Services Importers of construction equipment. Address: Plot 43, Oboja Road, Kampala - 19780, Uganda Phone: +(256)-(772)-742053 Fax: +(256)-(38)-400258 Birdi Civil Engineers Importers of construction plants. Address: P. O. Box 58223, Nairobi - 00010, Kenya Phone: +(254)-(20)-823620 Fax: +(254)-(20)-891017 Dabaywa Trading & Contracting Co. Importer of construction equipment, construction materials and construction machineries etc Address: 2, W2, Mosque Street Ibnauf Suliman Building, Khartoum - 11111, Sudan Phone: +(249)-(9)-12953816 / 12843934 Alghanim International & General Trading Buyers of construction equipments. Address: Shuaikh, Behind Old Pepsi Company, Safat - 2118, Kuwait Phone: +(965)-(1)-804044 / 9149534 Fax: +(965)-(1)-4822490 Mobile / Cell Phone: +(965)-965789 Hire Station Limited Buyers of general construction machineries. Address: Fields Farm Road Long Eaton, Nottingham - NG103FZ, United Kingdom Phone: +(44)-(845)-6045337 Fax: +(44)-(845)-6688999 Mobile / Cell Phone: +(44)-7711958183 Go Industry A. S Buyers of construction equipments. Address: Sak R Kesebir Cad. 36/13, Balmumcu Besiktas, Istanbul - 80700, Turkey Phone: +(90)-(212)-2114348 Fax: +(90)-(212)-2114348 Hanmi International Company Limited Buyers of used construction equipments and spare parts. Address: #121-246, Dangsandong 6, Ga Youngdeungpogu, Seoul - 150 808, Korea Phone: +(82)-(2)-26755013 Fax: +(82)-(2)-26327883 Mobile / Cell Phone: +(82)-112815200 JB System Inc. Engaged in import of construction equipments such as excavators, bulldozers, wheel loaders, motor graders, cranes, road rollers, forklifts, dump trucks, concrete mixture trucks, garbage compactor trucks, generators. Also imports used ship, cargo etc. Address: No. 4-4-29, Nishi Sakado, Sakado-Shi - 350 0247, Japan Phone: +(81)-(492)-793455 Fax: +(81)-(492)-793456 Mobile / Cell Phone: +(81)-9034053162 Yabhana Group Importers of construction equipments. Address: 12, Dunchurch Crescent Sutton Coldfield, Birmingham - B73 6QN, United Kingdom Phone: +(44)-(7909)-526410 Halong Traseco Buyers of all types of construction machine. Address: 39 Le Lai Street, NGoquyen Dist Hai phong, Haiphong City - 10000, Vietnam Phone: +(84)-(31)-768412 Fax: +(84)-(31)-767638 Mobile / Cell Phone: +(84)-0903245444 86 Global Project Opportunities: August’ 2015 J. L. International Limited, Partnership Buyers of machineries and raw material for construction industry. Address: No. 889, Thai C. C. Tower, Room No. 242, South Sathorn Road, Yanawa, Sathorn, Bangkok 10120, Thailand Phone: +(66)-(2)-6723444 Mobile / Cell Phone: +(66)-896610896 Induztrial Toyz Corporation Buyers of road construction equipments. Address: 169, Forrest Drive, Sherwood Park - T8A6A9, Canada Phone: +(1)-(780)-9451161 Fax: +(1)-(780)-4493747 Jepak Holdings Sdn Bhd Buyers of concrete mixer trucks and batching plants. Address: 76, C. F. Park, Jalan Tun Hussein Onn, Bintulu - 97000, Malaysia Phone: +(60)-(86)-333019 Fax: +(60)-(86)-332700 Lumbini Trade Centre Nepal Private Limited Importers of construction equipment Address: Trispureshore, K. K. M. Building Satdobato, Lalitpur - Na, Nepal Phone: +(977)-(1)-4260058 / 5524362 Fax: +(977)-(1)-4226711 Wahyu Mandiri Importers of all types of construction equipments. Address: Basuki Rahmat 56, Sumatera Selatan - 12430, Indonesia Phone: +(62)-(711)-421557 Mobile / Cell Phone: +(62)-8127132333 Door Knobs, Handles, Knockers, Stoppers & Other Door Hardware Kin Kei Hardware Industries Limited Importer of door closers, door handles, door hinges, door knob locks and door viewers. Address: Room 704, 7/F Eastern Centre, 1065 King's Road,, Tai Koo - .., China (Hong Kong S.A.R.) Phone: +(852)-(852)-25616788 Fax: +(852)-(.)-25639115 John Phillips Investments Limited Distributor and supplier of door locks and door closers. Address: 5, East Hill, London - HA9 9PT, United Kingdom Phone: +(44)-(20)-89049407 Emmanuella Consult Importers of door handle. Address: Plot 22, Victor Hugo Dakar, Dagana - 221, Senegal Phone: +(221)-(820)-12819 Fax: +(221)-(820)-45221 Anurasiri Furnitures Private Limited Importers of door pulls, hingers, cam locks, plywood etc. Address: 701/A, Peradeniya Road Mulgampola, Kandy, Sri Lanka Phone: +(94)-(81)-2228173 Fax: +(94)-(81)-2233279 87 Global Project Opportunities: August’ 2015 Newise International Limited Importers of door closers, door handles and door hinges. Address: 1/F, Kai Kwong Commercial Building, 332-334 Lockhart Road, Wanchai - ., China (Hong Kong S.A.R.) Phone: +(852)-(852)-25117008 Fax: +(852)-(852)-28917187 Willimco Buyer of door, door lock, door handles, etc. Address: 22, Watson Street, Aberdeen - 4850, United Kingdom Phone: +(44)-(7)-20482314 Fax: +(44)-(7)-23547563 Jazco Company Importers of door knnobs and knobs products. Address: Banani Road -5, Block F , House No. 88 Third Floor, Dhaka - 1206, Bangladesh Phone: +(880)-(12)-8824395 General Building Hardware Traders Indenza Limited Buyers of builders hardware. Address: 142 Westchester Dr, Wellington - 6004, New Zealand Phone: +(64)-(4)-477 3555 J. Hassanali Hardware Store Buyers of building hardware. Address: P O Box 1485, Daressalaam - , Tanzania Phone: +(255)-(22)-2115793 Fax: +(255)-(22)-2130341 Almacen El Arquitecto Buyers of builders hardware accessories. Address: Cra 42, No. 75-83, Local 148, Itagui, Colombia Phone: +(57)-(4)-3741718 Fax: +(57)-(4)-3741718 Chifley Exim Australia Importers and distributors of builder's hardware in brass, steel, iron and few products of general merchandise. Address: 2, St.Martins Crt., Wantirna South, Melbourne - 3152, Australia Phone: +(61)-(3)-98010799 Fax: +(61)-(3)-98005798 Maroc Motif Buyers of building hardware. Address: 22, Rue Ennarjisse Benjdia, Casablanca Maroc - 20000, Morocco Phone: +(212)-(2)-2225702 Fax: +(212)-(2)-2225716 Rajabdeen & Sons Limited Importers of builders hardware. Address: 192, Nawala Road, Colombo - 5, Sri Lanka Phone: +(94)-(11)-2807500/2807500 Fax: +(94)-(11)-2807500 88 Global Project Opportunities: August’ 2015 Vijay Hardware Buyers of building hardwares. Address: Algoz Industrial Area No. 3, Dubai - 41396, United Arab Emirates Phone: +(971)-(4)-3479200 Fax: +(971)-(4)-3479733 Allu Metal Maghrebin Buyers of various builder hardwares. Address: 40-44, Rue Abou, Amrane Al Fassi, Casablanca - 20100, Morocco Phone: +(212)-(22)-981058 Fax: +(212)-(22)-981055 The Stanley Works Buyers of builder hardware. Address: 3F, 338 Wen Lin Road, Taipei - 111, Taiwan Phone: +(886)-(2)-81451465 Granite, Marble, Sandstone & Slate Stone Xiamen Yueyang Stone Company Limited Importers of importing rough granite blocks. Address: Unit 7b, Bldg A, Baolong Center, No. 297, Jiahe Road, Xiame, Xiamen - 361 012, China Phone: +(86)-(592)-5328291 Entity Holdings Private Limited Importers of gypsum boards. Address: 410/3, Bauddhaloka Mawatha, Colombo - 7000, Sri Lanka Phone: +(94)-(11)-4737828 Fax: +(94)-(11)-5362588 Mobile / Cell Phone: +(94)-777667657 Charcon Specialist Products Importers of granites. Address: Marions Way, Coventry Road, Leicester - LE9 3GP, United Kingdom Phone: +(44)-(1455)-288241 Fax: +(44)-(1455)-285284 Taj Trading Buyers of marble. Address: 17, Buxton Avenue, Oranjezicht, Cape Town - 8001, South Africa Phone: +(27)-(21)-4231505 Fax: +(27)-(21)-4231505 Mobile / Cell Phone: +(27)-824549383 Copro Group Importers of all types of marbles. Address: Kosuyolu Mah. D. Blok, Daire No. 4 Emlakbankas, Istanbul - 34000, Turkey Phone: +(90)-(532)-2401125 Shirkooh Yazd Tile Importers of all types of ceramic and tiles. Address: Apartment 1, 9th Floor, Mellat Tower, Vali Asr Street, Tehran - Na, Iran Phone: +(98)-(21)-88784678 Fax: +(98)-(21)-88784678 Quang Dieu Co. Limited Importers of marble, granite, sandstone, slate etc. Address: 364, Cong Hoa Street, Etown Building, Ho Chi Minh, Vietnam Phone: +(84)-(88)-8122606 Fax: +(84)-(88)-8122282 Mobile / Cell Phone: +(84)-8918319699 89 Global Project Opportunities: August’ 2015 Avner Mart Import Export Buyers of marble. Address: 1, HaDror, Kiryat-Ono - 55602, Israel Phone: +(972)-(50)-590488 Al-Murad Tiles Buyers of marbles and granites. Address: Howley Park Road East Morley Leeds West Yorkshire, Leeds - LS27OBN, United Kingdom Phone: +(44)-(1132)-537766 Fax: +(44)-(1132)-537766 Fujian Nanan Lian Feng Mei Stone Co. Ltd. Importers of marble. Address: Pushan Industrial Area, Shuitou Town, Nanan, Fujin - 362342, China Phone: +(86)-(595)-86989553 Fax: +(86)-(595)-86909553 Balography Nig Limited Engaged in importing of granite. Address: Omoh 20 Funsho Kinoshi Street , Avenue B Stop, Okota Ago, Palace Way, Lagos - ., Nigeria Phone: +(234)-(709)-313766 Mobile / Cell Phone: +(234)-8086797706 Excellence Integrated Solutions Importers of limestone. Address: Old Mazda Road, Fabric Care Building, 203, Abu Dhabi - 52596, United Arab Emirates Phone: +(971)-(2)-6711197 Fax: +(971)-(2)-6711158 Mobile / Cell Phone: +(971)-506421157 Maha Co. Importers of marble, granite, limestone, onyx etc. Address: # 34, No.3, Golfam Building, Golfam Street, Africa Ave,, Tehran - 0098, Iran Phone: +(980)-(21)-22020251 / 22055860 Fax: +(980)-(21)-22055860 Mobile / Cell Phone: +(980)-9121271665 Pipe Fittings & Tube Fittings Kwan Hing Metal Manufacturing Co. Limited Buyers of pipes. Address: Unit 2713A, 27/F., Asia Trade Center, 79 Lei Muk Road, Kwai Chung - Na, China (Hong Kong S.A.R.) Phone: +(852)-24211322 Fax: +(852)-24215322 Raj Arab International Buyers of pipes and pipe fittings. Address: Flat No. 3, 79 Hussein Street, Mohandesein, Cairo, Egypt Phone: +(20)-(2)-7495194 Fax: +(20)-(2)-7495194 Mobile / Cell Phone: +(20)-122388564 A Tech Comapny Importers of titanium plated stainless steel pipes. Address: A-919, Sam Ho Building, #275-1, YangJae-Dong, SeoCho-Ku, Seoul - 137 941, Korea Phone: +(82)-(2)-5537555 90 Global Project Opportunities: August’ 2015 G Rgenler AS Importers of seamless pipes. Address: No. 1, Organize Sanayi, Bolgesi Avar, CAD. No. 4, Ankara - 06935, Turkey Phone: +(90)-(312)-2670969 Fax: +(90)-(312)-2670881 Comdo Italia SRL Buyers of iron pipes for bed mechanisms. Address: Via Dell Orzo 53/55/57, Z. I., Altamura - 70022, Italy Phone: +(39)-(80)-3101078 Fax: +(39)-(80)-3103449 Al Aswar Technology Group Co. Buyers of ductile pipes. Address: Farhan Building, Fadala Street Block No.11,Salmiya, P.O. Box 6213, Hawalli - 32037, Kuwait Phone: +(965)-(2)-5629205 Fax: +(965)-(2)-5628176 Sag Stahl GmbH Importers of steel pipes. Address: Ruetersbarg, 48, Hamburg - 22529, Germany Phone: +(49)-(40)-6447077 Fax: +(49)-(40)-64428490 S. K. F. Corporation Limited Buyers of pipes. Address: 300/4, Hatirpool, Dhaka - 1215, Bangladesh Phone: +(880)-(2)-8620274 Viking Cives Limited Buyers of steel flange beams. Address: RR#4 Norpark Drive, Mount Forest - N0H 2k0, Canada Phone: +(1)-(519)-3234433 Fax: +(1)-(519)-3234608 Technical Oilfield Supplies Centre Importers of all types of pipes, tube fittings, flanges, expansion joints etc. Address: Post Box No. 2647, Abu Dhabi - 2647, United Arab Emirates Phone: +(971)-(2)-6734042 Fax: +(971)-(2)-6734041 Mobile / Cell Phone: +(971)-507514327 I. B. N. Al Nafees General Trading Establishment Importers of used steel pipes type F51, ST52, external dia 168 mm, 20mm wallthick, 6 m long, seamless or welded etc. Address: P. O. Box 61835, Dubai - 971, United Arab Emirates Phone: +(971)-(4)-2850500 Fax: +(971)-(4)-2855782 Mobile / Cell Phone: +(971)-504577100 Egypipe Buyers of all types of hdpe pipes. Address: 157 Al Harm St Giza, Cairo - 12556, Egypt Phone: +(20)-(48)-600098 Fax: +(20)-(48)-600819 Hakan Plastic Buyers of pvc, pprc, pe pipes and fittings. Address: Organize Sanayi Bolgesi Gaziosmanpasa Mah. Istiklal Cad, Cerkezkoy - 59500, Turkey Phone: +(90)-(282)-7266443 Fax: +(90)-(282)-7269467 Mobile / Cell Phone: +(90)-5334738964 Handal Mandiri Buyers of steel pipes. Address: Jl. DI. Panjaitan, Gang Sederhana No. 01, Balikpapan - 76123, Indonesia Phone: +(62)-(542)-423315 Fax: +(62)-(542)-420537 Mobile / Cell Phone: +(62)-811-547493 91 Global Project Opportunities: August’ 2015 Esmil Trading Buyers of pipes, solid bar and fittings. Address: P.O. Box 129, 8500 Ac Joure, Heerenveen - 8500AC, The Netherlands Phone: +(31)-(513)-528810 Fax: +(31)-(513)-528842 Tig Group Importers of pe pipes. Address: Botelkamp 38, Hamburg - D-22529, Germany Phone: +(49)-(40)-790000 / 245117 Fax: +(49)-(40)-790099 S. S. Trade Link International Private Limtied Buyers of steel pipe, steel pipe fittings, upvc pipe fittings. Address: 11, Haji Osman Goni Road, Dhaka - 1000, Bangladesh Phone: +(880)-(2)-9554805 / 7164364 Fax: +(880)-(2)-9554755 / 7164362 Mobile / Cell Phone: +(880)-11846662 Decor Limited Importers of stainless steel pipes. Address: St Riznikovski, 1 A, Kharkov - 61025, Ukraine Phone: +(380)-(57)-7122037 Fax: +(380)-(57)-7102239 Mobile / Cell Phone: +(380)-506306686 Mahmoud For Trading Pipes & Fittings Importres of pipes and fittings. Address: 14 El Sayegh St El Sabteya Ramsis,cairo,egypt, Al Q�Hirah - 11111, Egypt Phone: +(2)-(2)-5775321 Mobile / Cell Phone: +(2)-102828362 Buyers of pvc pipes and fittings. Address: No. 10, Jasmine Street, Ubalde Village, Agdao, Davao City - 8000, Philippines Phone: +(63)-(82)-2349855 Fax: +(63)-(82)-3008865 Mobile / Cell Phone: +(63)-9177020147 Viking Johnson Buyers of pipe couplings. Address: 46-48 Wilbury Way, Hitchin, Hertford - SG40UD, United Kingdom Phone: +(44)-(1462)-443322 Fax: +(44)-(1462)-443311 Wall & Floor Tiles Mohammed Osman Ahmed Al Fattani Estate Buyers of all kinds of stone tiles, multi colored tiles, white tiles, kitchen wall tiles, decorative wall tiles etc. Address: Al Dahab, Behind Atlas Hotel,, Jeddah - 21425, Saudi Arabia Phone: +(966)-(2)-6458316 / 6420491 Fax: +(966)-(2)-6458308 Mobile / Cell Phone: +(966)-966505506286 Rosean Company Limited Buyers of ceramic tiles. Address: 15-3 Doida, Matsuyama - 790-0056, Kenya Phone: +(81)-(89)-9311700 Fax: +(81)-(89)-9311703 Mobile / Cell Phone: +(81)-60-12-3190414 92 Global Project Opportunities: August’ 2015 Dennis Plink Builder Pty Limited Importers of building products like tiles and ceramics. Address: P. O. Box 247, Blackheath - 2785, Australia Phone: +(61)-(2)-63552003 Mobile / Cell Phone: +(61)-414 825711 Associated Industries, UK Buyers of flooring products etc. Address: 9, Norfolk Road, Industrial Estate, Gravesend - DA122PS, United Kingdom Phone: +(44)-(1474)-328111 Fax: +(44)-(1474)-328222 Potent Solutions Buyers of tiles. Address: 14, Twynyrefail Place, Gwaun Cae Gurwen, Ammanford - SA181HY, United Kingdom Phone: +(44)-(1269)-823039 Fax: +(44)-(1269)-823039 Venetto Ceramicas Importers of tiles. Address: 145/1, Green Road., Dhaka - 1205, Bangladesh Phone: +(88)-(2)-9144949 Fax: +(88)-(2)-8314400 Mobile / Cell Phone: +(88)-171037609 Sikder Trading International Importers of all kinds of tiles. Address: 1613, Hamzarbag Colony, Muradpur, Chittagong, Bangladesh Phone: +(880)-(31)-682127 Fax: +(880)-(31)-655711 Mobile / Cell Phone: +(880)-0176328881 Indi - Stone Design Buyers of dimensioned stone. Address: 681, Timboon - Colac Road, Scotts Creek - 3267, Australia Phone: +(61)-(3)-55959206 Fax: +(61)-(3)-55959206 Mobile / Cell Phone: +(61)-4005763758 Moods Fine Furniture Co. Buyers of tiles. Address: Killymitten, Ballinamallard, Enniskillen - BT942FW, United Kingdom Phone: +(44)-(28)-6638882 Fax: +(44)-(28)-66388881 Steel City Renovation & Engineeering Sdn Bhd Buyers of tiles. Address: Plot 41, Elseidale Estate, Mount Erskine - 10470, Malaysia Phone: +(60)-(4)-8909594 Wood Floorings, Timber, Plywood & Laminates Laidebao Furniture Company Limited Buyers of woods, logs etc. Address: Chumen Section, Sci-Tech Industrial, Yuhuan - 317 605, China Phone: +(86)-(576)-7427356 Fax: +(86)-(576)-7427358 Mobile / Cell Phone: +(86)-8613566859068 93 Global Project Opportunities: August’ 2015 Ultident Importers of dentsply etc. Address: 4028 Steinberg, St.Laurent - H4R 2G7, Canada Phone: +(1)-(514)-3353433 Fax: +(1)-(514)-3350992 Khalili, Oman Buyers of wood. Address: Khuwair, Muscat, Ruwi - NIL, Oman Phone: +(968)-(7)-699098 Mobile / Cell Phone: +(968)-9371434 Al Bahjah Buyers of plywood. Address: Karama, Bur Dubai, Dubai - 34633, United Arab Emirates Phone: +(971)-(50)-6760089 Rudwan Workshop Buyers of meranti, mahagany and teak wood. Address: A'amran Street, Sana'A - 326, Yemen Phone: +(967)-(1)-325224 Fax: +(967)-(1)-325224 Mobile / Cell Phone: +(967)-71124009 Phiali Company Importers of high pressure laminates. Address: No. 61-3, Houhu Rd., Linkou Shiang, Taipei Hsien, Taipei - 244, Taiwan Phone: +(886)-(2)-2603493 Fax: +(886)-(2)-26034954 E Corner Buyers of sawn timber. Address: No. 54, Jalan S.P. 1/5 Taman Saujana, Puchong - 47100, Malaysia Phone: +(60)-(3)-80602095 Mobile / Cell Phone: +(60)-60123815330 Rimaju (Asia Pacific) Sdn. Bhd. Importers of unfinished and prefinished t & g timber floorings, laminated timber floorings etc. Address: Lot 14, 1st Floor, Kolam Centre, Jalan Lintas, Luyang, Kota Kinabalu - 88300, Malaysia Phone: +(60)-(88)-232551 Fax: +(60)-(88)-211313 Vivek Industries Limited Buyers of plywood. Address: Mombasa Road, Nairobi, Kenya Phone: +(254)-(20)-531783 Fax: +(254)-(20)-531587 Mobile / Cell Phone: +(254)-733311335 Shree Shivshakti Hardware And Sanitary Suppliers Freight Link International Co. Limited Importer of commercial dbbcc plywood, mdf radiata pine planks and pine plywood. Address: SIR VIRGIL NAZ STREET, Port Louis - NIL, Mauritius Phone: +(230)-(233)-0101 Fax: +(230)-(211)-5410 94 Global Project Opportunities: August’ 2015 10.0 PEPC : WORKING COMMITTEE MEMBERS-2014-15 CHAIRMAN Shri Rajan Malhotra Regional Manager Larsen & Toubro Ltd. IFCI Towers, 14th Floor 61, Nehru Place New Delhi: 110019 VICE CHAIRMAN MEMBERS : WORKING COMMITTEE Shri V.C. Verma Director Oriental Structural Engineers Pvt. Ltd 21, Commercial Complex Malcha Marg New Delhi 110 021. Shri Mohan Dass Saini CEO (Construction Division) Shapoorji Pallonji & Co. Ltd. SP Centre 41/44 Minoo Desai Marg Colaba, Mumbai: 400005 Shri Arun Karambelkar President & Whole Time Director Hindustan Construction Co. Ltd. Hincon House Lal Bhadur Shastri Marg Vikhroli (West), Mumbai-400 083 Shri Pankaj Goyal Chief Financial Officer Angelique International Limited 104-107, 1st Floor Hemkunt Tower 98 Nehru Place New Delhi-110019 Shri Ashutosh Jagga General Manager Technofab Engineering Ltd. Plot No.5 Sector 27 C Mathura Road Faridabad: 121003 Shri Alok Garg, Executive Director (Building & Airports), RITES Limited RITES Office Complex, Plot No. 1 Sector -29, Gurgaon - 122001 S Shri Sandip Baran Das Vice President Simplex Infrastructures Limited 27, Shakespeare Sarani Kolkatta Shri R.N. Yadav Managing Director U.P. Rajkiya Nirman Nigam Ltd. Vishweshwariya Bhawan Gomto Nagar Lucknow-226010 INSTITUTIONS Ms. Margaret Gante Director Department of Commerce Ministry of Commerce & Industry,Govt. Of India Udyog Bhawan New Delhi- 110 011 95 Global Project Opportunities: August’ 2015 Shri Nag Raj Naidu Director (ITP) Ministry of External Affairs Jawahar Lal Nehru Bhawan, Janpath New Delhi - 110003 Shri Sunil Joshi DGM & BM, ECGC of India Ltd., Project Export Branch The Metropolitan (7th Floor), Plot No. C26/27, Bandra Kurla Complex Mumbai-400051 Shri Sriram Subramaniam Dy. General Manager Exim Bank Of India Ground Floor, Statesman House 148 Barakhamba Road New Delhi 110001 23326625, 23326254, 233221622, 23321742, 23721393Extn.211 Fax: 23321719, 23322758 E-Mail: Eximnd@Vsnl.Com EX-OFFICIO MEMBER SECRETARY Ms. Margaret Gante Director Deptt.of Commerce & Executive Director Project Exports Promotion Council Of India 96 Global Project Opportunities: August’ 2015 11.0 UPDATE P. E.P.C. PROJECT EXPORTS PROMOTION COUNCIL OF INDIA (PEPC) India is a country with large and diverse infrastructure sector. The Government of India recognized the imperative need for the infrastructure sector and takes several initiatives like Committee of Infrastructure, National Highway Development Project (NHDP), National Maritime Development Programme (NMDP), Tax Holidays etc for the development and promotion of the sector. In the recent years, there has been several improvements in sectors like roads & highways, ports, railways and airports, the policy and regulatory framework is already in place and investment in infrastructure has risen considerably however there are still significant gaps that need to be bridged. With a view to create a platform for all the stakeholders and for the conclusive growth & development of the Infrastructure sector, PEPC works with the Central and Foreign Governments, National & International development organizations like World Bank, Asian Development Bank etc, Government Agencies, and various other stakeholders to promote the Project exports. PEPC discusses policy, regulatory and procedural issues with its members, industry experts etc. and advice appropriate reforms to the government for the development of the project exports. For making conducive business environment PEPC highlights encumbrances being faced by the industry players in the process of development of the sector and interacts with various national / international agencies for making feasible measures to overcome those encumbrances. PEPC supports the Government in its efforts towards projecting the project exports. It act as a reference point for investors (Domestic & International) interested in the sector and provide information related to government guidelines, investment opportunities, government & development agencies (which are involved in the development process of the sector). For promotion of the sector PEPC works proactively and suggests necessary procedures during the process of policy formation, budgetary allocation, forming legal framework etc. by the government. To maintain smooth progress PEPC also insist government to make essential provision for timely upgradation of the policies on the basis of regular feedback from its members and industry players. PEPC organizes several investment promotion programmes, conferences, seminars, workshops, etc on regular basis for facilitating interaction between various government agencies, international bodies, industry players and its members that provide prospects to raises issues pertaining to the sector and exchange ideas. These networking events provide a platform to share thoughts, explore business opportunities among the varied stakeholders of the project sector. These measures help to analyse the present developments and identifies the ways to overcome the constraint of the sector. PROJECT EXPORTS Project Exports from India commenced with a modest beginning in the late 1970s. Since then, project exports have evolved over the years, with Indian companies demonstrating capabilities and expertise spanning a wide range of sectors. The nature of Project Exports being undertaken reflects the technological maturity and industrial capabilities in the country. Project exports are broadly divided into four categories: Civil construction Turnkey modules Consultancy services Supplies, primarily of capital goods and industrial manufactures Each of the above are explained here: Civil construction projects Construction projects involve civil works, steel structural work, erection of utility equipment and include projects for building dams, bridges, airports, railway lines, roads and bridges, apartments, office complexes, hospitals, hotels, and desalination plants. Turnkey projects 97 Global Project Opportunities: August’ 2015 Turnkey projects involve supply of equipment along with related services and cover activities from the conception stage to the commissioning of a project. Typical examples of turnkey projects are: supply, erection and commissioning of boilers, power plants, transmission lines, sub-stations, plants for manufacture of cement, sugar, textiles and chemicals. Consultancy services Services contracts, involving provision of know-how, skills, personnel and training are categorised as consultancy projects. Typical examples of services contracts are: project implementation services, management contracts for industrial plants, hospitals, hotels, oil exploration, charter hire of rigs and locomotives, supervision of erection of plants, CAD/ CAM solutions in software exports, finance and accounting systems. Supply contracts Supply contracts involve primarily export of capital goods and industrial manufactures. Typical examples of supply contracts are: supply of stainless steel slabs and ferro-chrome manufacturing equipments, diesel generators, pumps and compressors. Project export contracts are generally of high value and exporters undertaking them are required to offer competitive credit terms to be able to secure orders from foreign buyers in the face of stiff international competition. Exim Bank plays a pivotal role in promoting and financing Indian companies in the execution of projects. It has been closely associated with the growth of project exports from India by way of providing finance, information and business advisory services. The bank supports Indian companies at all stages of the project cycle from advance tender information, guidance in preparation of competitive bids to providing financial facilities, including loans and guarantees. It extends funded and non-funded facilities for overseas industrial turnkey projects, civil construction contracts, as well as technical and consultancy service contracts. Exim Bank has in place a specialised cell to provide advance information to Indian companies on projects being funded by multilateral funding agencies in various countries. Over the past two decades, increasing number of projects have been executed by Indian companies in North Africa, West Asia, South & South East Asia, CIS and Latin America. Project Exports as defined in para 252-260 of Foreign Trade Policy Statement 20152020 Quote: “Project Exports 252. Project exports are broadly defined as exports of such goods and services where the export receipts are allowed to be staggered (in conformity with RBI guidelines) over a period of more than twelve months. This is largely to reflect that the export transaction is not a one-off single transaction but represents certain goods, construction and service activities, where the payment receipts are staggered in line with the project components / execution. 253. The full value of project exports is not captured under any single aggregate classification. However, as per data maintained by the Project Export Promotion Council, its members’ project exports orders have increased from USD 1.7 billion in 2012-13 to USD 4.4 billion in 2013-14. This increase of 162 percent is indicative of the strong potential which exists for India to aggressively increase its world trade market share in project exports. 254. Since project export contract earnings range over one year to five years, such export orders also impart stability to the export earnings of the country. India’s current project export contracts are estimated at around USD 5 billion. It is estimated that project exports from India can be boosted to at least USD 25 billion 56 per annum within a time frame of five to seven years. The main markets for India’s project exports are expected to be in Africa, Middle-East countries, SAARC and ASEAN countries, Central Asian Republics in CIS. These are the emerging markets which have high infrastructure needs. 255. Such projects, while helping the recipient countries to bridge their infrastructure gaps also help India’s exports of goods and services. They help to build a long term relationship of the target country with India and its project export entities. India’s entry into high value project exports will also impart high brand visibility in the target countries. Besides the specific brand visibility, India’s general branding 98 Global Project Opportunities: August’ 2015 is also promoted as a country which can export hi-tech and high value projects. Such branding and visibility facilitates easier acceptance of other products exported by India to such markets. Long term business relationships also develop in supplies of replaceable components and spare parts, annual maintenance and servicing contracts, upgradation of project technology, etc. Repeat orders become easier, as the countries gain experience and confidence in Indian project export entities. They also exhibit India’s cost competitiveness while at the same time maintaining internationally comparable quality standards. 256. Project exports can be boosted through opening of special lines of credit and also provision of cheap lines of credit through buyer credit mechanism. Concessional lines of credit are generally extended through the Ministry of External Affairs, where diplomatic considerations also matter for offering such lines of credit. The Buyers’ Credit Scheme being offered by the Department of Commerce through Exim Bank of India aims at enhancing Indian exports to select countries. 257. Many Indian companies in both the private and public sectors have, over the years, developed considerable expertise in executing project export contracts in diverse areas such as railway sector, power sector, roads and bridges, drinking water supply schemes, irrigation projects, construction of oil and gas pipelines, construction of electricity grids, hydro power projects, airport construction etc. 258. For boosting project exports, the Department of Commerce has set up the National Export Insurance Account (NEIA). Essentially, the Account helps to cover project export risks which cannot be fully covered by the Export Credit Guarantee Corporation (ECGC). 259. In tandem with EXIM Bank of India and ECGC, the NEIA is also now being used to selectively offer a Buyers’ Credit Cover for project exports. This enables EXIM Bank to offer co-financing for project exports from India to target countries in South Asia, Africa, CIS and others. 260. While buyers credit cover has brought in major encouragement for project exports, the cost of capital remains very high in India. An effort was made towards setting up an interest equalisation scheme under the Market Access Initiative scheme of the Department of Commerce but it did not materialise due to financial resource constraints. Since project export is recognized as an important element of this policy, renewed efforts will be made to seek allocation of resources for such a scheme.” Unquote 99 Global Project Opportunities: August’ 2015 12.0 EXPORT PROMOTION SCHEMES (FINANCIAL ASSISTANCE) MARKET DEVEVELOPMENT ASSISTANCE Under this scheme assistance is given to individual exporters for participation in following export promotion activities abroad Trade Delegations BSMs Trade Fairs/Exhibitions The details of scheme is given as ANNEXURE-I. MARKET ACCESS INITIATIVE (MAI) The scheme is formulated on focus product- focus country approach to evolve specific strategy for specific market and specific product through market studies/survey. Assistance would be provide to Export Promotion Organizations/ Trade Promotion Organizations / Exporters etc. for enhancement of export through accessing new markets or through increasing the share in the existing markets. Under the Scheme the level of assistance for each eligible activities has been fixed. The following activities will be eligible for financial assistance under the Scheme : Research studies consistent with the priorities; WTO Studies for evolving WTO compatible strategy; To support EPCs/Trade Promotion Organistions in undertaking market studies/survey for evolving proper strategies. To support marketing projects abroad based on focus product - focus country approach. Under marketing projects, the following activities will be funded: o o o o o o o o o o o o Opening of Showrooms Opening of Warehouses Display in international departmental stores Publicity Campaign and Brand Promotion Participation in Trade Fairs, etc., abroad Research and Product Development Reverse visits of the prominent buyers etc. from the project focus countries Export Potential Survey of the States; Registration charges for product registration abroad for pharmaceuticals, bio-technology and agro-chemicals; Testing charges for engineering products abroad; To support Cottage and handicrafts units; To support Recognized associations in industrial clusters for marketing abroad The details of schemes are given as ANNEXURE-II. 100 Global Project Opportunities: August’ 2015 13.0 FINANCIAL ASSISTANCE There is no specific scheme to promote the exporting firms in the country. However, some assistance is provided to exporters under Marketing Development Assistance (MDA) Scheme and Market Access Initiative (MAI) Scheme. Other schemes for export promotion include Duty Neutralisation Schemes like DEPB, Advance Licence, duty concession schemes like EPCG and Reward Schemes like Served from India, Vishesh Krishi and Gram Udyog Yojana, Focus Market Scheme and Focus Product Scheme. These schemes are reviewed periodically and necessary corrective measures are taken. ANNEXURE-I 4.1 MARKET DEVELOPMENT ASSISTANCE (MDA) SCHEME EXPORT PROMOTION ASSISTANCE GIVEN BY GOVERNMENT The Government of India encourages Indian project/product exporters by providing financial assistance under the following export promotion assistance schemes: a. Market Development Assistance (MDA) Scheme b. Scheme for Export Promotion by Small Scale Manufacturers c. Market Access Initiative (MAI) Scheme MARKET DEVELOPMENT ASSISTANCE (MDA) SCHEME Under this scheme assistance is given to individual exporters for participation in following export promotion activities abroad Trade Delegations BSMs Trade Fairs/Exhibitions Eligibility Criteria/Conditions (i) Exporting companies with an f.o.b. value of exports of upto Rs. 30 crore in the preceding year. No such ceiling is applicable for participation in Focus LAC region. (ii) The exporter should have complete 12 months membership with concerned EPC etc (iii) Assistance would be permissible on travel expenses by air, in economy excursion class fair and/or charges of the built up furnished stall. This would, however, be subject to an upper ceiling mentioned in the table per tour. S No. (1) Area/Sector (2) No. of visits (3) 1. Focus LAC 1 Maximum Financial ceiling per event (4) Rs. 2,50,000 2. 1 Rs. 2,00,000 3. FOCUS AFRICA ( including WANA Countries) FOCUS CIS 1 Rs. 2,00,000 4. FOCUS ASEAN+2 1 Rs. 2,00,000 5. General Areas 1 Rs. 1,50,000* TOTAL 5 101 Global Project Opportunities: August’ 2015 SCHEME FOR EXPORT PROMOTION BY SMALL SCALE MANUFACTURERS There is a separate scheme designated as Marketing Development Assistance for SSI Exporters meant to encourage small scale manufacture exporters along the following lines: (A) Exporters eligible for assistance: (i) Exporting unit must be registered as SSI / SSSBE. (ii) Exporting unit must be a member of FIEO / EPC. (iii) Exporting units with aggregate exports of Rs. 2 crores and above over the last three financial years (Rs. 1 crore for ISO 9000 certified exporters) are eligible for assistance from the Ministry of Commerce & Industry through EPCs/other grantee organisations. SSI units with aggregate exports less than this limit would now be eligible for direct assistance from the Office of DC(SSI) under this scheme. SSI units which have not yet commenced exports are not eligible for assistance. (iv) An exporting unit would be eligible for assistance under SSI-MDA only once in a financial year. (B) Activities eligible for financing (i) Individual participation in overseas fairs/exhibitions. (ii) Individual overseas study tours/as member of a trade delegation going abroad. (iii) Production of material for overseas publicity. (C) Permissible binding limits: 90% of cost of return ticket by economy class subject to an upper ceiling of Rs.60,000/- (Rs. 90,000/for Latin American countries). In case excursion fare is cheaper than economy class fare, the excursion fare will be considered. (ii) (D) 25% of the cost of production of publicity material limited to Rs.15,000/- in a financial year. Other conditions: (i) Assistance shall be available for travel by one permanent employee/director/partner/proprietor of the SSI unit in economy class by Air India. Air travel by airlines other than Air India would be permissible provided that their economy class airfare is not higher than Air India. (ii) Applications must reach the Office of the DC(SSI) at least one month before the start of the event in question. (iii) The SSI unit should not have been charged/prosecuted/debarred/ blacklisted under the export and import policy or any other law relating to export and import business. Total MDA assistance under SSI-M[DA scheme shall be inclusive of MDA assistance received from all Government Bodies/FIEO/EPCs/Commodity Boards/Grantee Organiations etc. 102 Global Project Opportunities: August’ 2015 ANNEXURE-II MARKET ACCESS INITIATIVE (MAI) SCHEME The scheme is formulated on focus product- focus country approach to evolve specific strategy for specific market and specific product through market studies/survey. Assistance would be provide to Export Promotion Organizations/ Trade Promotion Organizations / Exporters etc. for enhancement of export through accessing new markets or through increasing the share in the existing markets. Under the Scheme the level of assistance for each eligible activities has been fixed. The following activities will be eligible for financial assistance under the Scheme : Research studies consistent with the priorities; WTO Studies for evolving WTO compatible strategy; To support EPCs/Trade Promotion Organistions in undertaking market studies/survey for evolving proper strategies. To support marketing projects abroad based on focus product - focus country approach. Under marketing projects, the following activities will be funded: o o o o o o o o o o o o Opening of Showrooms Opening of Warehouses Display in international departmental stores Publicity Campaign and Brand Promotion Participation in Trade Fairs, etc., abroad Research and Product Development Reverse visits of the prominent buyers etc. from the project focus countries Export Potential Survey of the States; Registration charges for product registration abroad for pharmaceuticals, bio-technology and agro-chemicals; Testing charges for engineering products abroad; To support Cottage and handicrafts units; To support Recognized associations in industrial clusters for marketing abroad Details of approved purposes for the scheme and level of assistance Activity Market Study Opening of Showrooms and Warehouses Display in International Departmental Stores Publicity Campaign Participation in Trade Fairs, BSMs etc. abroad Assistance 75% of the total cost However, for studies assigned by the D/Commerce for the cause of export promotion, 100% assistance would be provided 75%, 50% and 25% of leasing / rental charges in the first, second and the third year, respectively Maximum Assistance Rs.75.00 lakh/each study 50% of rental charges of display space Rs. 50.00 lakh per annum/each product 50% assistance for two years in a particulr market 2/3 rd of the actual expenditure. The expenditure on TA/DA would be met by each participant. Rs. 50.00 lakh per annum/ per market Rs. 50.00 lakh for each fair Rs. 50.00 lakh for each market/ product per annum. N.B.: More specific details can be obtained on request. 103 Global Project Opportunities: August’ 2015 14.0 SOURCES OF INFORMATION You would be pleased to know that the information that reaches your desk from PROJECT EPC including “Global Project Opportunities” is compiled using various inputs both printed and electronic and are listed below:i) Tender Notices & Commercial Reports from Indian High Commissions & Embassies abroad ii) Inputs from various other web-sites which include: a) c) e) g) h) j) l) m) n) p) r) t) u) v) w) x) y) z) Asian Development Bank Website (b) World Bank ENR Web-edition (http://enr.com/) (d) The Economist Web-edition www.construction.com (f) http://www.tradeport.org http://www.tradezone.com/buyers/tobuyboard.html http://trade.swissinfo.net/ (i) http://www.buyersguide.com http://www.itenders.com http://www.constructionqld.asn.au/tenders.htm International Monetary Fund Website OPEC Fund Web site (o) MEED Web-site Abu Dhabi Chamber of Commerce & Industry (q) www.ConstructionFutures.co.uk Reserve Bank of India (http://www.rbi.org.in), (s) Ministry of Finance and many others…. http://www.new-technologies.org/ECT/Other/arcad.htm http://www.contractorsunlimited.co.uk/ http://commerce.nic.in http://www.eximbankindia.com/ http://ficci.com/ http://dir.indiamart.com/foreignimporters/ While every effort has been made to ensure the accuracy of the information, PROJECT EPC is in no way responsible for any errors : typographic or otherwise. The information produced in this newsletter has been put up after considerable amount of reading & screening from various sources including the internet and as listed in the Sources of Information* 104