There is a huge and growing market for project finance and privatisation throughout the world, and in many regions new partnership structures are emerging in which the public and private sectors are working together to deliver new products and services. PricewaterhouseCoopers and especially project finance and privatisation team is at the forefront in this process, working for both government and corporate clients. Proposed by us solutions are based on developing new structures and combining global experience with local skills.
Poland is a country in which project finance and privatisation services are especially valuable to our clients. Poland, one of the biggest countries in Central and Eastern Europe, still undergoes deep ownership transformation and restructuring of industries inherited from a central planning economy for the purpose of adjusting particular sectors to new competitive conditions. A deep understanding of local needs and conditions is crucial for a successful use of our global experiences and resources.
Privatisation
In privatisation, our role usually includes:
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Entry strategy for investors and privatisation strategy for governments
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Execution of the transaction as a lead advisor on the sell (government) or on the buy (investor) side
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Transaction structuring
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Providing support through the process, including negotiations, addressing political sensitivities and designing of new regulatory structures
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Project finance
"Project finance" includes development of financing structures and realization of capital intensive projects (most often infrastructure), which limit creditors' recourse to the sponsors of the undertaking. In the case where such undertakings refer to construction or modernization of public infrastructure, the concept of
Public-Private Partnership can be utilized.
Our role in "project finance" includes:
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Performing feasibility study
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Describing optimal involvement of project participants (sponsors, clients, contractors, creditors, sub-contractors, etc.)
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Development of appropriate commercial structure for the project:
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Risk allocation among participants
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Economic value added of particular structure
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Optimal utilization of market competition
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Defining in detail the scope of undertaking, conditions and standards of its realization
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Development of appropriate incentives and penalties encouraging participants to deliver high quality work
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Assuring financial security of undertakings
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Preparation of tender documentation
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Support in negotiations
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Advisory on capital raising
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Due diligence
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Development of bidding strategy and help with proposal preparation
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Support with evaluation of proposals
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Strategic and logistics management as well as integration of financial, legal, technical and environmental issues
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Detailed information on the concept of Public-Private Partnership can be found in section
Public-Private Partnership.