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April 2022
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Welcome to the latest edition of  What's New @ the GIF  recapping key activities in the third quarter of FY22 (January - March 2022)Despite new global challenges emerging, the GIF continued to extend its support to the preparation of sustainable infrastructure projects, with a total of 126 advisory engagements. This past quarter, GIF was also busy with the successful commercial closings of four projects. For all the news on the GIF’s activities across the globe, please visit our website

We would like to take this opportunity to acknowledge the troubling situation in Ukraine, where the GIF has extensive engagements. Together with our MDB partners, we stand ready to support the people of Ukraine at this difficult time. Also, in recognizing International Women's Day in March, we would like to share some of the GIF's critical work on women in infrastructure.

We hope you enjoy this edition of What's New @ the GIF.
 
-- GIF Management Unit

PORTFOLIO

With advisory engagements in 58 countries, our global footprint of sustainable, quality projects and programs are mobilizing private capital to deliver infrastructure services to more people in emerging markets. Please click on the map to learn more about our recently approved projects, where we work and what we do.

 

LET'S WORK TOGETHER TO REDUCE THE
GENDER GAP IN INFRASTRUCTURE
 


Investing in Gender is Gaining Traction


Investing that takes into consideration gender-based factors across the investment process to advance gender equality and better inform investment decisions, also known as Gender Lens Investing (GLI), has been gaining attention and traction. Aligned with this, the GIF, as a collaboration platform, actively encourages and supports the incorporation of gender in the planning, design, construction, and delivery of infrastructure services, and works to integrate gender-related considerations in infrastructure public-private partnerships (PPPs) and translate them into practical measures. The GIF, in collaboration with the Public-Private Infrastructure Advisory Facility (PPIAF) and IFC, has been working to create a set of knowledge and advisory products on these issues.  
Read More

Brighter and Safer Streets for Brazil's Women 
 

Many municipalities across Brazil are benefiting from significant investments in LED technology street lighting to improve quality of life by improving the use of public space, road safety, personal safety for women and men, and contributing to GHG emissions reduction and economic savings. The Brazil Public Street Lighting Program is an ambitious endeavor expected to have wide-ranging socio-economic benefits for about 3.1 million people while also mobilizing approximately US$251 million of private capital to invest in the replacement of 389,000 lamps and smart city features. The Program will structure up to 15 projects, of which 5 have already reached commercial close. The Program includs an innovative baseline study to assess the effects of street lighting on people’s perceptions of safety and security. The study called “Impacts of Street Lighting in Brazil” aims to provide evidence to support lighting interventions and contribute to the evaluation of the Brazil Pilot Program. The analysis explores potential impacts on people’s behavior and perceptions of safety and security, especially among women, as well as education and employment opportunities.
View Report

PROJECT WATCH

GIF continued to deliver strong results in Q3, with four GIF-supported projects reaching commercial close.
In addition, one GIF-supported project has reached the RFP stage and has issued tenders to attract private investors: the Brazil Public Street Lighting Program Project of the Municipality of Camaçari, supported by IFC.  
Uzbekistan's Cleaner Power Projet Closing 
 

The GIF, in partnership with the IFC, has been assisting the Uzbek government in structuring, tendering, and implementing the Syrdarya power plant, which is expected to be almost twice as efficient as older models and will help decrease gas consumption, reduce the country's carbon footprint, and support the integration of renewable energy. On March 25, Uzbekistan's JSC National Electric Grid and the Ministry of Investments and Foreign Trade signed a 25-year project agreement with a consortium comprising EDF De France, Nebres Power Sojitz Corporation, and Kyuden International to build and operate the high-efficiency, 1,600 MW combined cycle gas turbine (CCGT) power plant in Uzbekistan’s Syrdarya region.

PRESS RELEASE
Decarbonizing Dakar's Bus Fleets
 
 
This is a first-of-its-kind electric bus rapid transit (BRT) project for Senegal and the first BRT structured under a PPP scheme in Africa. It also represents a policy shift towards clean energy solutions, with the potential avoidance of more than 59,000 tons of CO2 per year. On March 21 2022, the Government of Senegal signed a 15-year contract with a consortium led by Meridiam, to operate and maintain the Dakar Bus Rapid Transit Project. The Project is expected to cut travel time by half for over 300,000 passengers per day via 18.3 km of dedicated BRT lanes and mobilize up to US$200 million in private sector investment over the contract’s lifetime.  The GIF, in partnership with IFC and the World Bank, has been supporting the Government of Senegal’s Dakar Urban Transport Executive Council (CETUD) in designing, structuring, and tendering the project.

 READ MORE
Scaling Mini-Grids in DRC



The GIF is supporting the IFC in developing the World Bank Group’s Scaling Mini-Grid (SMG) Program. The initiative is designed to help emerging market countries establish PPP mini-grids to bring low-cost, renewable energy to consumers. The GIF’s early engagement to develop a programmatic, standardized, replicable, and partnership-driven platform to enable scalable solar PV battery storage mini-grids throughout the African region is now moving to the transaction stage. The DRC will be the first pilot project within the Program, which is expected to bring clean, solar energy to over 1.5 million homes, businesses, schools, and clinics by deploying about 200MW of solar-battery solutions, together with distribution and smart metering infrastructure, at an estimated CAPEX of US$450 million. This is the largest mini-grid transaction currently under preparation on the African continent.
 VIEW WEBPAGE
Nova Via Dutra Concession



The GIF, in partnership with IFC and the World Bank, has been supporting the structuring of Brazil’s Federal Roads Concession Program to transform the way transportation PPPs are undertaken in the country. In January 2022, the Program’s second closing was achieved when a 30-year concession was awarded to CCR, a Brazilian company, for the Via Dutra highway, linking São Paulo and Rio de Janeiro. CCR offered the maximum permitted discount on toll fees 15.31 percent, and an upfront payment of $314 million. The Program’s third transaction -- CRT, is expected to be tendered in May 2022.
PRESS RELEASE
Floating Solar PV System Advances 


The GIF, along with the AfDB and the African Legal Support Facility (ALSF), is supporting the Government of Seychelles with the country’s first Independent Power Producer competitive tender process for the procurement of a 5MW Floating Solar photovoltaic (PV) system to be installed on the Providence lagoon of the Island of Mahé. The GIF’s COVID-19 Response Facility is providing advisory services to revise project documents and support negotiating the final project agreements to reach commercial and subsequent financial closures. The project is expected to increase the country’s installed power generation capacity by 5MW from renewable sources by 2024, resulting in GHG emissions avoidance of approximately 7,700 tons per year. Following the project’s success, the government intends to replicate Floating Solar PV across various islands.
Investing in Bogota's Social Infrastructure


Through its COVID 19 Response Facility, the GIF is supporting the Multilateral Investment Guarantee Agency’s (MIGA) first non-honoring guarantee denominated in Colombian pesos, representing a significant innovation in the utilization of the agency’s Non-Honoring of Financial Obligations Guarantee.  GIF’s grant support is enabling the District of Bogota to comply with MIGA’s Environmental & Social Action Plan, as well as allowing the government to secure financing in local currency from an international lender at favorable terms. With the benefit of MIGA’s cover, the District of Bogota has raised US$270 million in commercial lending, which will be used to improve the quality of Bogota’s healthcare infrastructure and services
READ MORE 

INITIATIVES


Announcing CFLI Colombia to Support Climate Goals

On April 4, 2022, CFLI Colombia was launched. CFLI Colombia is the first Latin American CFLI Country Pilot that enables a private-sector-led and country-specific approach to mobilizing climate finance at scale. The new initiative is co-chaired by Bancolombia and BBVA and will support transformational climate action in the country. CFLI Country Pilots are designed and supported by a secretariat headed by Bloomberg, the City of London Corporation, and the GIF.   
 

This is the second CFLI Country Pilot after the launch of CFLI India in September 2021. CFLI India is co-chaired by Tata and Macquarie. Other CFLI India partners include leading domestic and international investors, such as GIC, Goldman Sachs, HDFC Bank, HSBC, Kotak Mahindra Bank Larsen & Toubro, State Bank of India, and the participation of the Government of India through the Ministry of Finance and Niti Aayog.

Press Release

UPCOMING EVENTS

GIF Advisory Council Meeting 
 
The GIF’s 13th Advisory Council Meeting will be held virtually on May 25, 2022. Invitations and details for each meeting will be mailed directly to you. 
World Bank Group - International Monetary Fund Annual Meetings

The World Bank Group (WBG) and the International Monetary Fund (IMF) will hold their 2022 Spring Meetings from April 18 - 24. All events will be virtual and accessible on WBG and IMF digital platforms (including public events, invitation-only events, Civil Society Organization engagements, and press conferences.) World Bank Live is the World Bank's video streaming website and Spring Meetings registration is not required to watch these public events. 

World Bank Live is the World Bank's video streaming website and Spring Meetings registration is not required to watch these public events.  View the full Schedule of Events
Virtual Events

KNOWLEDGE

Fit-for-Purpose Climate Toolkit for PPPs Launched
 
The GIF in collaboration with the Public-Private Infrastructure Advisory Facility (PPIAF), the World Bank, and the International Finance Corporation Transaction Advisory Services, recently launched the first in a series of five Climate Toolkits for Infrastructure PPPs (CTIP3) to help integrate climate considerations into potential PPP projects. The first Toolkit for multi-sector application, includes tools for practical implementation, checklists, example terms of reference, score sheets, and more.
Guide to Structuring Lighting Projects Launched
 
On March 23, the Federal Government of Brazil, and the World Bank, in collaboration with the GIF, launched a new guide to assist public administrators in the structuring of lighting projects. The step-by-step guide incorporates knowledge from sector practitioners and draws on lessons learned in the structuring of PPP projects such as the successful implementation of the first phase of the Brazil Public Street Lighting Program – an initiative with US$2.7 billion in investments and currently implemented in six municipalities across Brazil. (Guide in Portuguese; Executive Summary in English) 

NEWS

Read recent news about the GIF as well as the latest trends in building bankable pipelines of infrastructure projects and mobilizing private capital. 

 
A New Resource at a Pivotal Moment: PPP Climate Toolkit for Infrastructure 

By GISELE SARALEGUI, PHILIPPE NEVES,  JADE SHU YU WONG 
April 7, 2022 

UN Special Envoy Michael Bloomberg Joins Forces with Bancolombia and BBVA to Launch CFLI Colombia in Support of Colombia’s Climate Goals

By BLOOMBERG
April 4, 2022
 
Federal Government and World Bank Launch Guide to Assist Public Administration to Structure Lighting Projects  
 
By MINISTERIO DA ECONOMIA DA BRASILIA
March 31 , 2022 
 
Uzbekistan Signs PPP Agreement for Modern Efficient Thermal Power Plant in Syrdarya Region  

By KYMBAT YBSHOVA  
March 25, 2022 
 
IFC Launches Work on Scaling Mini-Grid Program to Increase Clean Electricity Access in the DRC  

By ABDOUL MAIGA
March 18, 2022 

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