What is the selection process?
What is the selection process?
Investing in Infrastructure, in consultation with the relevant ministries, determines the conditions of the funding as follows:
- We approach the relevant candidates and request a proposal or an expression of interest.
- We then check the proposals and calculate the potential subsidy required
- Our calculations are presented to the independent Oversight Committee for approval.
- If the Oversight Committee approves, Investing in Infrastructure discusses the specific conditions with the company and can offer a contract.
- Payments are only made when the agreed outputs are delivered.
The Tendering process:
Investing in Infrastructure also works with the MIH’s tendering process as follows:
- MIH identifies the locations for the tendering process
- Investing in Infrastructure and the MIH prepare a Feasibility Study and any necessary supporting documents
- We then seek approval for funding from the Oversight Committee
- A call for tenders is announced by the MIH, including the additional support from Investing in Infrastructure
- We will then work with the Ministry to assess the bids
- The MIH selects a winning company and offers a permit
- Investing in Infrastructure offers the company a contract for the financial support
How can I apply?
If you are eligible for a subsidy, Investing in Infrastructure will contact you directly or indirectly. Funding opportunities will be announced via our website and the Ministry’s website as mentioned above.