Project Overview
The Fyli Municipality Development Agency, in partnership with the University of Western Attica (UNIWA) and the European Bank for Reconstruction and Development (EBRD), sought to select a Private Sector Partner (PSP) for a Design, Build, Finance, Operate, and Maintain (DBFOM) model This PPP project concerns the design, financing, construction, facility management and operation of:
- student accommodation of the University of West Attica, and
- supporting educational and cultural facilities.
The main challenge is to facilitate the entire PPP procurement process, ensuring compliance with local legislation and EBRD Procurement Policy while also ensuring balanced risk allocation, financial feasibility, and a competitive selection process. This required thorough analysis, stakeholder alignment, and careful structuring of project documentation to attract qualified private sector bidders.
Consultant's Role and Approach
PLANET's expert team supported the Fyli Municipality Development Agency through a structured and methodical approach to the PPP procurement process. The key steps included:
- Gap Analysis
- Procurement Document Preparation
- Environmental & Social Impact Assessment (ESIA)
- PPP Procurement Process Management
- Risk Allocation & Financial Structuring
- Bid Review & Dialogue Support
- Commercial and Financial Close
By ensuring comprehensive planning, documentation, and risk management, the project will progress smoothly toward commercial and financial close, setting the foundation for long-term infrastructure development.
Outcomes and Impact
PLANET’s involvement will eventually lead to a successful and well-managed PPP procurement process. By addressing the project’s key challenges, including risk management and ensuring the project’s financial viability Fyli Municipality Development Agency will be able to select a capable Private Sector Partner ensuring the long-term sustainability of the infrastructure development that will deliver lasting value to the local community.
The new facilities will address the lack of privately owned dormitories, securing free accommodation and catering services for students in serious financial needs. Overall it will contribute to the revitalization and quality upgrade of a broad area in the Municipality of Fyli through the establishment of a cultural and recreational core area in the Municipality and the organisation of various cultural activities.
