On April 27-29, at the Tbilisi Marriott Hotel, Public-Private Partnership Agency and the World Bank organized a training with the aim to strengthen the capacity of the Agency and to raise awareness on public-private partnerships.
Mr. Arthur Kochnakyan, the World Bank Expert and Senior Energy Specialist, Mr. Bernardo Weaver, the World Bank Consultant on Public-Private Partnerships and Mr. Harold Fairfull – Managing Director of the international financial advisory company Consilium led the training. The staff of the Public-Private Partnership Agency and the representatives of the Ministry of Finance, the Ministry of Economy and Sustainable Development, the Ministry of Infrastructure and Regional Development, the Energy Development Fund, and the Tbilisi City Hall Property Management Agency attended the workshop.
During the three-day training, the trainers and participants discussed various actual issues related to public-private partnerships: PPP project cycles and roles and responsibilities of various entities; economic justification of projects and value-for-money evaluation; choice of private sector engagement modalities including contractual framework; and project-level environmental, social and governance aspects.
It is worth to note that the training was full with lively discussions and tough questions. The participants created a financial model for the public-private partnership project and made value-for-money analysis, as well as discussed opportunities and ways to improve the public-private partnership process in Georgia.