[{"bbox": [135, 123, 1132, 176], "category": "List-item", "text": "* Proven successful experience in the support of sanitation/liquid waste management through innovative financing;"}, {"bbox": [135, 178, 937, 205], "category": "List-item", "text": "* Proven successful experience in the support of sanitation/liquid waste management;"}, {"bbox": [135, 207, 1085, 233], "category": "List-item", "text": "* Proven capacity to manage successfully the implementation of EU-funded project in third countries;"}, {"bbox": [135, 236, 859, 263], "category": "List-item", "text": "* Proven expertise in the support to marginalized population such as women."}, {"bbox": [97, 305, 1132, 360], "category": "Text", "text": "In case the envisaged entity would need to be replaced, the Commission's services may select a replacement entity using the same criteria. If the entity is replaced, the decision to replace it needs to be justified."}, {"bbox": [85, 385, 578, 411], "category": "Section-header", "text": "### 4.4.2 Indirect Management with an entrusted entity"}, {"bbox": [97, 427, 1089, 479], "category": "Text", "text": "A part of this action may be implemented in indirect management with Agence Française de Développement (AFD)."}, {"bbox": [97, 492, 1132, 573], "category": "Text", "text": "This implementation entails engaging and managing the outputs of the Specific Objective 2 \"Strengthen urban resilience to the effects of climate change in Tamale particularly\". The activities will support urban resilience to the effects of climate change in Tamale."}, {"bbox": [97, 585, 713, 612], "category": "Text", "text": "The envisaged entity has been selected using the following criteria:"}, {"bbox": [135, 626, 693, 652], "category": "List-item", "text": "* Capacity to mobilise financing to co-finance Outcome 2;"}, {"bbox": [135, 654, 1132, 704], "category": "List-item", "text": "* Proven capacity to manage successfully the implementation of a large EU-funded project in Ghana and third countries;"}, {"bbox": [135, 708, 660, 734], "category": "List-item", "text": "* Proven expertise in the urban development in Ghana;"}, {"bbox": [135, 736, 966, 763], "category": "List-item", "text": "* Proven capacity to successfully implement large scale infrastructure projects in Ghana."}, {"bbox": [97, 806, 1132, 860], "category": "Text", "text": "In case the envisaged entity would need to be replaced, the Commission's services may select a replacement entity using the same criteria. If the entity is replaced, the decision to replace it needs to be justified."}, {"bbox": [85, 886, 560, 910], "category": "Section-header", "text": "### 4.4.3 Contribution to Africa Investment Platform"}, {"bbox": [97, 927, 1132, 1061], "category": "Text", "text": "This contribution may be partially implemented under indirect management with the entities, called Lead Finance Institutions, identified in the appendix to this Action Document for the output 1.1 \"Five faecal sludge treatments facilities are built, operated and financially and environmentally sustainable in Wa, Bolgatanga, Yendi, Damongo and Nalerigu\". may be partially implemented under indirect management with European Investment Bank (EIB). EIB will provide a sovereign loan to support only the three large size scales facilities in Wa, Bolgatanga and Yendi."}, {"bbox": [97, 1073, 825, 1100], "category": "Text", "text": "At this stage the EIB is pre-identified for this activity for the following reasons:"}, {"bbox": [135, 1114, 1132, 1193], "category": "List-item", "text": "* A request has been sent by the Ministry of Finances to finance the construction and the beginning of the operations of three large scale faecal sludge treatment facilities in Wa, Bolgatanga and Yendi together with the EU to ensure concessionality according to IMF criteria;"}, {"bbox": [135, 1195, 1132, 1247], "category": "List-item", "text": "* EIB benefits from the EFSD+ Guarantee Agreement for EIB sovereign lending which allow the mobilisation of a sovereign guarantee for this investment;"}, {"bbox": [135, 1249, 790, 1276], "category": "List-item", "text": "* EIB capacity to mobilise a sovereign loan to co-finance the project;"}, {"bbox": [135, 1278, 1132, 1329], "category": "List-item", "text": "* A proven capacity to manage successfully the implementation of large EU-funded projects in third countries;"}, {"bbox": [135, 1333, 831, 1359], "category": "List-item", "text": "* A proven expertise in the sanitation and urban sectors in third countries;"}, {"bbox": [135, 1361, 1060, 1388], "category": "List-item", "text": "* A proven capacity to successfully implement large scale infrastructure projects in third countries."}, {"bbox": [97, 1426, 1132, 1480], "category": "Text", "text": "Blending is a highly relevant modality to meet the specific challenges faced currently by Ghana and Volta River Authority to finance this investment project:"}, {"bbox": [135, 1494, 1132, 1574], "category": "List-item", "text": "* Ghana is highly indebted and is currently implementing an IMF programme with strong restrictions in terms of debt management. Therefore, concessional loans are prioritised and it is strategic to add concessionally to investment projects like this one with high economic, social and environmental impacts;"}, {"bbox": [135, 1587, 1132, 1640], "category": "List-item", "text": "* Even without these strong restrictions in terms of debt management, the cost of loans for Ghana due to the high country risk premium is so high, and currently the private sector is not able to invest in such activities"}, {"bbox": [1028, 1682, 1143, 1706], "category": "Page-footer", "text": "Page 23 of 30"}]