Economic and Financial Feasibility Specialist

Strengthening Capacity to Design and Implement Water and Rural Infrastructure Facility - HDTLCP Economic and Financial Feasibility Specialist (53145-001)
Application deadline closed.
Application deadline closed.

Job Description

The executing agency, UTDB is proposing the Holistic Development of Tehri Lake & its Catchment Project
with various subproject components in six clusters comprising;
(i) water adventure and dam learning cluster in Koti,
(ii) rural and eco-tourism cluster in Tiwargaon,
(iii) cultural gateway cluster in Dobra Chanti,
(iv) commercial and information cluster in New Tehri,
(v) organic and historic cluster in Madannegi, and
(vi) comprehensive Tehri Lake cluster.
These subprojects are at the mixed stages of maturity, vaiability / feasibility, and readiness; and require further screening and enhancement in terms of
(i) technical, economic, and financial soundness;
(ii) suitability for ADB’s sovereign financing in view of ADB’s priorities in Strategy 2030, climate change and food security financing, Sustainable Development Goals, and value for money in terms of private sector involvement;
(iii) readiness for ADB financing assuming the project will be considered for approval in early 2024; and
(iv) and other factors.

Project Description
ADB is supporting the Government of Uttarakhand with the Holistic Development of Tehri Lake & its
Catchment Project (PPR ID 11606). The project seeks loan assistances from two multilateral developmentn banks, namely the New Development Bank (NDB, $75.7 million) and ADB ($127.3 million). The components posed to ADB in 2022 focus on integrated tourism cluster development around Tehri Lake. Tourism in India is growing rapidly contributing 9.2% of India’s gross domestic product and supported 8.1% of its total employment before the COVID-19 pandemic. International and domestic travel is expected to recover from the pandemic decline, tourism development has a great importance to sustain local economy and livelihoods. Tehri Lake was created after construction of the Tehri Dam was completed in 2006. Chief Minister of Uttarakhand announced development of Tehri Lake Region as a new international tourist destination in 2011, and the Uttarakhand Tourism Development Board (UTDB) prepared the Perspective Plan for Tehri Lake Area in 2016. The proposed project will support comprehensive and sustainable development of Tehri Lake and its catchment area comprising 156 villages and a 60,000 population.
Screening Criteria 1
"The individual consultant will have 10 years of relevant experience in economic and/or financial assessment of projects."
Screening Criteria 2
"He/she will have proven experience in working with ADB or other multi-lateral development agencies"
Screening Criteria 3
"He/she is required to hold a bachelor degree in a relevant field (economics, finance, business, etc.)."
Screening Criteria 4
A post-graduate degree is preferred, but not a requirement.

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