Public procurement notice: Contract Notice
Published: 2018-07-04
Buyer: Hekurudha Shqiptare (Albanian Railways)
Country: AL
Contract type: Services
Procedure: Open procedure
CPV classification: 45234100 | 71520000: Construction supervision services
Submission deadline: 2018-07-20
EU fund: EU Fund

Technical requirements: EBRD is currently considering a sovereign loan of up to 36 870 000 EUR to the Government of Albania (the “Borrower” or “GoA”) to be on-lent to Hekurudha Shqiptare (the “Albanian Railways”, the “Company” or HSH”).
The loan will be used to finance the rehabilitation of the 34,17 km railway line between the Tirana Public Transport Terminal (“PTT”) and the city of Durres and the construction of a new railway line approximately 5 km in length and its interchange connecting the Tirana-Durres line with the Tirana International Airport (the “Project”). The Bank’s loan will be used to co-finance the construction works related to the Project.
The Project is part of Route 2 of the Western Balkans Core Network connecting the cities of Podgorica in Montenegro and Vlore in Albania and has been established as an indicative extension to the Trans-European Transport Networks (“TEN-T”) to the Western Balkans core railway network.
The Project forms part of the Connectivity Agenda of the European Union (“EU”) which promotes transport connectivity in the Western Balkans as an important factor for the economic development, regional cooperation and EU integration.
Implementation of the Project will be overseen by a Project Implementation Unit (“PIU”) comprising members of the Company, Ministry of Transport and Infrastructure (the “Ministry”, “MTI”) and other relevant stakeholders.
Currently the Company’s accounting policies and procedures are not compliant with International Financial Reporting Standards (“IFRS”). As such a consultant (the “Consultant”) is required to review HSH’s accounting policies and procedures to ensure they are consistent with IFRS, provide advice regarding amendments required to ensure their consistency with IFRS and support the Company in preparing fully IFRS compliant financial records and reporting.
1) Review Company’s accounting policies and procedures and advise amendments to ensure their consistency with IFRS;
3) Review Company’s Management Information System in regard to financial reports and advise on the required reports and special analyses, including reporting and analysis templates and guidelines, that are needed to answer management’s questions about the financial statements or financial information for the purpose of facilitating management decision making;
4) Review Company’s Assets register, including Company’s property and equipment, and support its update with necessary and accurate information for the purpose providing accurate financial information in the preparation of IFRS Financial Statements. Moreover, advise and support preparing clear guidelines for accurate and IFRS compliant maintenance of the asset records;
5) Review Company’s cost accounting system and advise on the methodology, including analysis templates and guidelines, necessary for the management decision making;
6) Review Company’s historical financial statements and advise and support the management in compiling fully IFRS compliant financial statements (including: Balance Sheet; Profit and Loos statement, Cash Flow
Statement and the Statement of Changes in Equity), for the financial year 2018, including necessary restatements for the previous financial years; and
7) the Consultant will ensure the transfer of skills to the relevant HSH staff for the purpose of developing in house capacities for the preparation of fully compliant IFRS financial statements as well as other relevant management financial information going forward. The Consultant will provide training workshops as well as on-the-job trainings to the Chief Financial Officer and its team and other relevant HSH staff for the implementation of the newly developed policies, procedures and other business information processes that are developed under the project.
The TOR for the Assignment can be found here: https://www.ebrd.com/work-with-us/procurement/p-pn-180628a.html
Status of Selection Process: Interested firms or group of firms are hereby invited to submit expressions of interest.