The Government of Timor-Leste (GTL) decided in the early 2010s to develop the Tibar Bay Port project (the “Project) on a Design-Build-Finance-Operate-Transfer (DBFOT) basis.
GTL launched an international tender in 2013, and the Project was awarded to a consortium comprised of Bolloré Africa Logistics of France (80%) and SDV Logistics East Timor Unipessoal Ltda of Timor-Leste (20%). SDV is a subsidiary of Bolloré and one of the main logistics and transportation companies operating in Timor-Leste. GTL, represented by the Ministry of Finance and the Ministry of Public Works, and Timor Port S.A. (the “Concessionaire”) signed a 30-year DBFOT concession agreement in June 2016.
The Project reached financial close in August 2018, and main construction work on site is expected to start in April 2019. The Concessionaire is currently developing the Detailed Design, which is being reviewed by the Project Management Unit (PMU) and the Independent Engineer.
The PMU has already received capacity-building support from the AP3F for the Project during the period between commercial and financial close. The scope of work was completed in 2018.
Assist PMU in the review of methodology/inputs set out in the Detailed Design
Advise PMU on technical specifications and good industry practice set out in the concession agreement
Provide inspection and testing support
By 2021: Issuance by the Independent Engineer of the Completion Certificate following the Project’s Testing and Commissioning