Timor-Leste, IFC Seek Private Sector Partners to Build Economy-Boosting Infrastructure
Dili, Timor-Leste, March 7, 2013 - Supported by IFC, a member of the World Bank Group, the government of Timor-Leste is
looking to attract investors for two important projects: a new port construction and an airport expansion. These
public-private partnerships will improve existing services and provide new infrastructure, creating opportunities for
businesses and users to access better quality facilities, tap into new markets, and generate jobs.
The government, together with IFC, is holding a two-day conference from March 7-8 to provide potential investors with an
overview of the projects and tender process. Government ministers will present information about the economy and future
investment opportunities in the oil and gas sector.
“This government is committed to delivering infrastructure services as outlined in our strategic development plan,” said
Pedro Lay de Silva, Timor-Leste’s Minister for Transport and Communications. “With cargo volumes expected to grow at the
port and more passenger arrivals projected in the next few years, both projects are promising options for investors
looking to capitalize on the expected growth.”
IFC is supporting the government in the transaction process to select private sector partners who can assist with the
financing, construction, and operation of the two projects. A public-private partnership is a government service or
private business venture that is funded and operated through a long-term partnership between government and one or more
private sector companies.
“IFC is helping the government find long-term private sector investors with the right expertise and ability to partially
finance, develop, and operate the airport and port services quickly and efficiently,” said Milissa Day, IFC’s Resident
Representative for Timor-Leste. ”The transparent and competitive process will help the government choose a partner that
can best deliver on these objectives.”
The upgrade of Presidente Nicolau Lobato International Airport will include the construction of new terminal facilities
to serve additional passengers, promoting tourism by making it easier to fly in and out of the country. The new port in
Tibar Bay, 10 kilometers west of Dili, will increase cargo capacity and ease congestion in the country’s only
operational port, stimulating economic activity by easing the movement of goods.
About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private
sector. We help developing countries achieve sustainable growth by financing investment, mobilizing capital in
international financial markets, and providing advisory services to businesses and governments. In FY12, our investments
reached an all-time high of more than $20 billion, leveraging the power of the private sector to create jobs, spark
innovation, and tackle the world’s most pressing development challenges. For more information, visit www.ifc.org.
ENDS