Vientiane, 9th March 2022 Investment Promotion Department, Ministry of Planning and Investment in cooperation with Poverty-Environment Action for Sustainable Development Goals (PEA) and United Nations Development Programme (UNDP) kicked off the 3-day training on financial model for Public-Private Partnership (PPP) Project to enhance the capacity of the government officials in reviewing the feasibility of PPP investment proposals and project negotiation.
After the endorsement of the Decree on Public-Private Partnership in 2020, the Government has developed important legislations and tools to regulate PPP investments. Financial assessment is a key tool to look into the financial aspects and the risk assessment of the project. it helps on reviewing investment feasibility studies to verify quality and efficiency of investments as well as the benefit sharing.
Ms. Thavychan Thiengthepvongsa, the Deputy Director General of Investment Promotion Department stated that “Financial model is a useful tool to in reviewing investment proposals. This model will increase our understand regard the investment projection and the feasibility of investment proposal from financial perspective. Moreover, this financial model will help us see the big picture of cost and benefit sharing and prepare for investment negotiation effectively.”
The training was conducted between 9-11 March 2022 and there were 21 government officials from relevant sectors participated in this training. Participants had gained and exchanged knowledge on basic finance of investment project, cost and benefit sharing analysis, and scenario modelling to analyse difference risks that can impact project implementation.
Since 2018, Investment Promotion Department and Poverty-Environment Action for Sustainable Development Goals (PEA) has developed tools and capacity to promote and manage quality investment in Laos. Besides developing financial models for investment concession and PPP investment, the project has supported the development of the instruction to select and manage PPP investment, the guideline to develop Solicited Proposals and PPP investment model contract. The project is funded by United Nations Development Programme (UNDP), Government of Austria, Belgium, Norway, Sweden and the European Union.
Poverty Environment Actions for Sustainable Development Goals (PEA)
Chindaphone Saignaleuth, Project Coordinator