Tatarstan Investment Development Agency to spend millions on consultations – RealnoeVremya.com
So that Tatarstan itself initiates the investments and dictates its conditions
As Realnoe Vremya found out, Tatarstan Investment Development Agency will order consultations to create public investment in projects through public and private partnership. They are ready to pay 17 million rubles from the Republican budget.
The agency defines several tasks for the entrepreneur. They must be carried out in three stages and will not last more than 210 days.
âToday in Russia, there are only isolated cases of the full exercise of the right of public initiative within the framework of federal law n Â° 224 (Editor’s note: on public and private partnership, municipal and private partnership in Russia). All of these cases were implemented only through outsourcing. By the way, when preparing a private initiative, all investors also resort to outsourcing. This means that the requirements for the preparation of documents are strict enough. In fact, we are the first to âsellâ the packaging of the projects so that the republic itself initiates investments, dictates the terms and conditions of participation of the projects â, told Realnoe Vremya the director of the Agency of development of Tatarstan investments, Talia Minullina.
The signing of at least five agreements, including direct agreements with funding agencies, TIDA-approved âpromising projectsâ providing for expansion of Tatarstan’s export capacities and / or reduction of dependence on Russia and of Tatarstan vis-Ã -vis imports must become the result of consultations.
The documents, as indicated in the specifications, must be signed as the legislation on public and private partnerships and concession agreements envisages:
âThe specifications include the obligation for the client to prepare files for at least five public and private partnership projects in different sectors, which will allow them to be fleshed out in the future. Also, the attraction of private investors who will finance the projects is an important condition of the call for tenders. The services of preparing these documents will only be paid after the implementation of the public and private partnership projects, âMinullina explained.
Achieve a decrease in dependence on imports
Initially, it will be necessary to determine the priority projects via public and private partnership and concession agreements. Tatarstan Investment Development Agency requires focusing on low carbon projects in pharmaceuticals, agriculture, production of new materials and semiconductors.
The agency has also chosen its objectives. First of all, it is a question of ensuring the promising research and development and the socio-economic development of the republic. Second, to increase Tatarstan’s export capacities and / or reduce the dependence of the republic and the country in general on imports. The projects must be new. They cannot repeat ideas that have already been implemented or are planned to appear in Tatarstan.
As a first step, the contractor should review Tatarstan’s policy documents, strategic initiatives for the socio-economic development of Russia up to 2030 and other available information that will help to choose priority areas for public partnership projects and promising private.
The list of promising sectors for launching initiatives must be made taking into account the positive experience of projects implemented in the regions. The list must be approved by TIDA. The financial aspect is discussed with the agency.
TIDA, in turn, promises to help with the work indicating the need for specific projects in Tatarstan. A list of potential projects is prepared taking this information into account. It is planned to create a working group to achieve the goal. After approving the final list of promising projects, the contractor should start establishing roadmaps of key actions.
The first stage will cost almost 697,000 rubles. TIDA only gives 30 days from signing the contract to complete the task. If the agency has any comments, the contractor will have to remove the imperfections in two days and then provide the improved documentation.
Legal conditions of the agreements to be discussed within the government of Tatarstan
In the second stage, the contractor must prepare the key conditions for the implementation of the projects. The contractor must complete the given task within 50 days of the completion of the first stage.
In addition, the contractor will have to prepare high level financial models of the approved projects and choose priority financing options within the framework of a public and private partnership. In addition, the contractor has the obligation to determine and approve the approach for the allocation of projects of the main financially significant risks and the compensation mechanism between the members of the projects.
Legal issues will also need to be considered in the second step. In particular to determine the key legal conditions of future agreements, taking into account the consolidated financial indicators of the projects.
In the second stage, the working group will be created within the government of Tatarstan for discussion. The working group will discuss the project with important legal terms of the agreements concerning each project.
In the final phase of the second stage, the contractor will have to prepare presentations for each approved project. They are expected to be used in preliminary discussions with potential investors.
The second stage was valued at 1.9 million rubles.
Selection of potential investors and signing of agreements
The third final stage will be the most expensive, it is planned to spend more than 14 million rubles on it. At the same time, it is also the longest stage – the entrepreneur has 80 days to do the job, 20 days are given to evaluate his performance by the Investment Development Agency.
In the third step, potential investors will be chosen. It is planned to discuss with them the main conditions of the projects.
Before the discussion, it is necessary to make a priority list of potential investors and then send them the key conditions of the projects as part of the preliminary discussions. Their discussion with potential investors is also the duty of the entrepreneur.
After the talks, a table of key remarks and recommendations for the text of the key terms of agreements and financial parameters of the projects is to be created to be discussed with the Tatarstan Investment Development Agency later. In case of remarks from the agency, the contractor will have to update the version of the key conditions.
Then, he is required to prepare at least five draft tender documents, requirements recommendations for bidders and basic recommendations for hosting a tender indicating the main risks of the public part. The contractor must also accompany the procedure for launching a public initiative.
The final touch is that the contractor must accompany the signing of the agreements and the signing of the direct agreement with the funding body, in other words, to commercially and financially finalize at least five projects among the projects approved by the Tatarstan Investment Development Agency.