How are PPP projects procured by IBN?

Firstly, IBN calls for an expression of interest (EOI) from potential investors. The EoIs are then screened based on a set of criteria. IBN then issues a request for proposals (RFP) notice to qualified investors for the submission of a detailed project proposal. Finally, IBN conducts a comprehensive review of the proposals received before recommending the most competent investor to the IBN board meeting for final selection.