Functions - Public Investment Division

Units under Public Investment Division

  • Project & Financial. Analysis
  • PPP Advisory
  • Strategic Project.
  • Public Entities
     

PPP ADVISORY UNIT

The Public Private Partnership ("PPP") Unit is primarily comprised of a transaction advisor who will have the following functions:

  1. To advise on resolving any obstacles to the wide use of "PPP" including legal, taxation, financial and other issues;
  2. To serve as a centre of expertise and assist line ministries and districts in reaching financial close of "PPP" projects;
  3. To manage the "PPP" and joint venture facility and study funds, as well as the "PPP" advisory funding at preparation and negotiation levels;
  4. To ensure "PPP" general oversight and make sure that efficient contract monitoring systems are in place;
  5. To prepare the draft internal regulations of the Approvals Committee and to help the Chairperson of the Committee in fulfilling his/her duties and ensure the organization of meetings;
     

PROJECT AND FINANCIAL ANALYSIS UNIT (PFA)

The PFA unit will provide the core functions of public investment management and monitoring within the PID. In this way it will be the gatekeeper of the PID and establish and maintain a database that will provide all required information and data on public investment.

The main functions of the unit will be to:

  1. To provide investment guidelines, project development and preliminary screening and formal project appraisal as well as the selection of projects and budgeting for funding;
  2. To provide information, analysis, strategic research and necessary advocacy to ensure that the Government plays the lead role in public investments identification and prioritisation, and that public investment programming is based on adequate strategic guidance, solid analytical work and reflects the national public investment policy;
  3. To establish a comprehensive database that will allow Government to capture, track and analyse critical information on capital investment projects funded under the domestic and external capital budget, covering the entire life cycle of the public investment system, starting from the submission of project proposals to screening and approval on to tracking progress, budget execution, monitoring and evaluation of the results.
  4. To ensure coordinated implementation of the key public investment policy measures; to strengthen coordination of the whole capital budget process and strategic overview of the Public Investment Program and the "PPP" program;
  5. To provide advice on institutional, legal or regulatory framework, economic and financial reforms and capacity building issues affecting public investment and establish and agree on standards and criteria for project preparation, screening, ranking and selection including PPP’s to all ministries, departments and agencies;
  6. To enforce "PPP" institutional and legal framework, regulations and procedures;
  7. To apply screening and selection criteria on large and medium scale projects ;
  8. To coordinate and guide government negotiating teams for large public investment projects including "PPPs".
  9. To develop and prepare draft internal framework, regulations and guidelines of the PPP Approvals Committee;
  10. To review "PPP" and joint venture proposals and to advise the Minister on the merits and the strategies of "PPP" procurement or joint venture;
  11. To provide custom and user-friendly reports, charts for the use of management to support public investment decision-making and for policy analysis etc.
     

PUBLIC ENTITIES UNIT

The main focus of the Public Entities Unit would be to ensure that all statutory public entities - public or private ( where Government has shares >50%) are efficiently managed, meeting domestic and international benchmarks as well as ensuring an optimal allocation of responsibility between the public and private sector.

This would entail the need to undertake investment programmes that provide the necessary capacity to facilitate faster economic growth and thus strengthen the national economy in a sustainable way. The terms of reference for the unit would be:

  1. To monitor commercial investments of Government including investment decisions, performance monitoring and divestment decisions;
  2. To provide guidance to state-owned enterprises to ensure that such entities such efficiencies in the management of the assets are fully enhanced. This includes the proposals for the reform or restructuring of any out-dated/inefficient methodologies of state –owned enterprises or entities with state shareholding and provides standards for the maintenance of the appreciation of the state’s assets values in enterprises with state investments.
  3. To take the lead in advising the Minister on strategic, financial and procedural matters as they affect government’s participation in commercial ventures.
  4. To advise the Minister on policies of broad-based economic empowerment in structuring the investment funds with the aim of achieving economic transformation through the use of state-owned enterprises.
  5. To review and advise Minister on appropriate actions and policies as concerns government’s real property assets, programmes and earmarked contributions to government.
  6. To assess and provide accreditation of public entities who comply with government’s requirements for fiscal and financial policies.
  7. To ensure that public entities provide special features to cover risks for public finance through the selection of investment, control on overall wage costs, segregated business plan, application of the public procurement law and reporting for public information.
  8. To establish control arrangements that ensures that risks in creating public debt beyond limits by government or parliament are kept within specific levels. Agency borrowing is subject to government oversight review processes.
     

STRATEGIC PROJECTS UNIT

The SPU will provide the coordination, strategic direction for projects of immense economic and social significance to government and therefore its core functions will be:

  1. To design and execute strategic economic development projects that have been identified by government as important catalysts for the execution of development mandate e.g. agriculture, infrastructure, housing, health;
  2. To mobilize interdepartmental effort and provide the coordination that will facilitate the quick execution of strategic projects;