IFC as Transaction Advisor
The International Finance Corporation (IFC) has been appointed as Transaction Advisors for the following entities for the divestiture process:-

1. The Lanka Hospitals Corporation PLC
2. Sri Lankan Air Lines Ltd
3. Sri Lanka Telecom PLC

The respective Request for Qualification (RfQ) and Request for Proposal ( RFP) will be published both locally and internationally and documents could be accessed by clicking on the entity of interest.

The Government of Sri Lanka Seeks Transaction Advisors To Assist In Divesting Selected State Owned Enterprises:

The Government of Sri Lanka (GoSL) is in the process of implementing deep economic reforms including in the State-Owned Enterprise (SOE) sector. Such reforms are intended to enhance competition, productivity and efficiency across the economy.

To implement SOE reforms, GOSL has set up the State-Owned Enterprise Restructuring Unit (SRU) under the Ministry of Finance, Economic Stabilization and National Policies (MoF). By Cabinet decision dated 13^th March 2023, GoSL has mandated the SRU to divest an identified set of SOEs. To assist with such divestments, the SRU seeks to appoint reputed, qualified and experienced firms to provide transaction advisory services for the following entities.

The EOI and RFP for the above entities may be accessed by clicking on the entity of interest.

Responses to the EOI and RFP must be delivered by hand or couriered to the address below:

The Chairman,
Standing Cabinet Appointed Consultant Procurement Committee,
c/o State Owned Enterprise Restructuring Unit,
3rd Floor, Lotus Building, Temple Trees,
Colombo 03, Sri Lanka.

Proposals must be submitted no later than 16.00 hours (IST) on 27th April 2023.

EXTENTION OF DEADLINE OF SUBMISSION OF EXPRESSION OF INTEREST (EOI) AND REQUEST FOR PROPOSAL (RFP) TO ACT AS A TRANSACTION ADVISOR TO THE STATE-OWNED ENTERPRISE RESTRUCTURING UNIT OF THE MINISTRY OF FINANCE, ECONOMIC STABLIZATION AND NATIONAL POLICIES.

Based on the multiple requests received from potential consultants at the Pre-bid meetings held on the 10^th and 11^th of April 2023, the State-Owned Enterprise Restructuring Unit and the Standing Cabinet Appointed Consultants Procurement Committee have decided to extend the deadline for the submission of the EOI and RFP, to no later than 16.00 hours (IST) on Monday, May 8, 2023.

Section 11 of Request for Expressions of Interest (EOI) has been amended to read:

“11. The EOI must be submitted in one original and a copy and clearly marked as “Original” and “Copy”. In addition, a soft copy in PDF Format on a memory stick must be included. The EOI must be either delivered by hand couriered to the address below, not later than 16.00 hours (IST) on 8^th May 2023, and must be sealed in a plain envelope marked “EOI for [Entity’s Name]” on its top, left-hand corner.”

Section 6.1 of the Request for Proposal (RFP) document has been amended to read:

“6.1. The response to this RFP must be submitted in a sealed envelope together with a soft copy in PDF format on a memory stick, either delivered by hand or couriered to reach:

The Chairman,
Standing Cabinet Appointed Consultant Procurement Committee,
c/o State Owned Enterprise Restructuring Unit,
3rd Floor, Lotus Building, Temple Trees,
Colombo 01, Sri Lanka.

Not later than 16.00 hours (IST) on 8^th May 2023; and marked “RFP for [Entity’s Name]” on the top, left hand corner of the envelope”.

No other changes have been made to the RFP or the EOI.

Chairman,
Standing Cabinet Appointed Consultants Procurement Committee,
State-Owned Enterprise Restructuring Unit,
3rd Floor, Lotus Building,
Temple Trees,
Colombo 03,
Sri Lanka

Pre-bid Meeting Minutes for SLIC& LGL.

Ministry of Finance, Economic Stabilization & National Policies

State Owned Enterprise Restructuring Unit

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