Risk Management in Transport PPP Projects
In the Islamic Countries
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Investment attraction
Côte d’Ivoire has in place several initiatives to attract and stimulate national and international
investments. In 2012 an Investment Code was adopted introducing a set of incentives in order
to adapt the private investment regime providing incentives for investors. These incentives
include in particular tax exemptions, that can be of different amount and duration in time
depending on the area where the investment is located, with the aim to allocate higher benefits
to investments in remote areas.
The investment code also established the Centre de Promotion des Investissements en Côte
d’Ivoire (CEPICI) as the On-Stop-Shop for direct investment in Côte d'Ivoire, with the aim to
unify, coordinate and streamline all initiatives and actions of the government in the domain of
investment promotion and private sector development.
With reference to PPPs in particular, the CNP-PPP is also charged with promoting investment
opportunities, and to this purpose marketing initiatives such as roadshows are undertaken to
meet potential investors. One of these examples was the presentation held in Rome in 2018,
organized in partnership with the Italian Embassy. The CNP-PPP is also active in finding the
most appropriate funding solutions in support of PPP initiatives, and to this purpose, it may
support promoters in the relationship with lenders and international/multilateral institutions.
Also concerning financing, it is worth mentioning that so far Islamic Financing did not enter in
any PPP operation in Côte d’Ivoire.
5.2.3. Pre-tendering decision process
Screening for PPP suitability
Planning and programming. For all type of public projects, sectoral Ministries and their
departments have the responsibility for the initial identification of investment projects and their
inclusion in the annual Public Investment Program (PIP). These projects proposed for
implementation in each year are generally based on the list of the potential projects as defined
in the NDP, which is the main multi-annual investment program, not only covering the national
level but also the key regional and urban levels, and in particular investments in the
metropolitan area of Abidjan. In these early stages, multi-lateral agencies and local entities or
institutions may also be involved in the review of potential initiatives.
Once this early stage is completed, the procedure for the selection of major public investments
is quite clearly defined. In particular, the Direction de la Programmation des Investissements
Publics (DPIP) is responsible for organizing the dialogue between the technical Ministries and
the Ministry of Budget at the stage of investment programming. The DPIP is also in charge of the
analysis and programming of public investments, the organization of programming conferences,
the harmonization and coherence of project proposals. The DPIP is also responsible for the
quality review of project files and appreciating the maturity of projects to be included in the
Public Investment Program and to be budgeted.