‘CP3P: The APMG PPP Certification Programme’ underway in Kathmandu

KATHMANDU: A four-day 'CP3P (Certified Public-private Partnerships Professional): The APMG PPP Certification Programme' kicked off in Kathmandu on Monday with the technical support of the Asian Development Bank. Officials from the nine different ministries, the Office of Investment Board Nepal (OIBN) and embedded consultants are participating in the foundation-level training programme designed by APMG International for PPP professionals. OIBN has expected that the training programme will enhance the knowledge and capacity of its staff in the areas of project ideation/preparation, structuring (allocation of responsibilities and risks to the parties to a PPP agreement and the determination of a financial structure to a PPP project), project procurement and management. “This will be imperative for taking PPP projects forward,” said Sushil Bhatta, Chief Executive Officer of the Investment Board Nepal (IBN), addressing the inauguration ceremony of the training programme, “Being a specialised agency for execution of the PPP projects, we must have efficient human resource to facilitate the investment projects during its entire life cycle from preparation to risk minimisation, project procurement, implementation, and operation.” OIBN will absorb, utilise, and preserve the knowledge/expertise and gradually move ahead to achieve excellence through initiating innovative steps in the execution of PPP projects. Stating that the PPP has various complexities to deal with, IBN CEO Bhatta appreciated the support extended by the ADB for the capacity enhancement of professionals. The entire course consists of three different stages —  foundation, preparation and execution stage. The foundation stage assesses whether a candidate has sufficient knowledge and understanding of the PPP Guide to act as an informed team member of a PPP finance project. The foundation certification is prerequisite for practitioner certifications. Likewise, the preparation stage is more comprehensive, and this stage enhances understanding of how to apply and tailor the PPP frameworks and PPP project identification, screening, appraisal, and preparation processes in a given governmental context. In addition, the execution stage prepares the candidates for dealing with structuring and drafting process of PPP tender documents and the PPP contracts, and the management of PPP contracts during the construction and operation phases. Moreover, the candidate who sits in the examination of aforementioned stages and completes them successfully will be awarded the CP3P credentials. The inaugural programme was also addressed by Arnaud Cauchois, Country Director, ADB Nepal Resident Mission and lead trainer,  Amandeep Singh Virk. Cauchois laid emphasis on standardisation of knowledge on PPP, which will pave way for effective PPP practices in the regional and national or local context. He remarked that comprehensive training on PPP will be initiated in the future which will develop capacity of the PPP professionals in the areas of identification screening, appraisal, and preparation processes, project procurement under viable modalities through availing transaction advisory services based on requirements in the national context. READ ALSO:

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