The Role of Public Procurement in Deploying Sustainable Infrastructure

The Role of the SPV The SPV, the project company, is responsible for monitoring the project’s compliance with environmental and social safeguards, as defined as part of the design specifications of the asset during the procurement process. [...] Given that MDBs are key financers of infrastructure, the revision of the World Bank Environmental and Social Framework in 2015–16 and the public consultation that was conducted in the run up to this revision highlighted the growing concern of both investors and tax payers of finding reliable ways to reduce the legal, environmental and social risks of infrastructure projects. [...] The collective experience (e) Monitor the environmental and The World Bank also of the multilateral development social performance of a project in makes an explicit banks and bilateral development accordance with the ESCP and the commitment to organizations in assisting their ESSs” assist borrowers to clients to manage environmental Principle 2. assess and manage and social risks and impacts “The [...] This then ensures that the baselines of the functionality that the public sectors seeks RfP are designed in a manner that is compliant with the to realize through the deployment of the environmental and social laws of the home state or the assets. [...] Stage 9: Selection and announcement of winning bidder Stage 10: Negotiations on the final risk allocation and the financial structuring of the project Stage 11: The public procuring authorities and public contracting authorities need to ensure that the contracts include Preparation and signing of contracts all elements related to the environmental and social performance that were discussed and agr