Selection of an Investment Partner for the Global Centre of Rail Excellence

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    "id": "ocds-h6vhtk-038790-2023-01-19T08:54:41Z",
    "date": "2023-01-19T08:54:41Z",
    "ocid": "ocds-h6vhtk-038790",
    "description": "The contracting authority intends to conduct a multi-stage procurement procedure with the option of reducing the number of tenderers to continue dialogue at each stage. Award criteria and further procurement documents will be provided by the commencement of the tender stage to bidders shortlisted to participate. Expressions of interest must be by way of completion and return of the SQ (in accordance with the requirements set out in the SQ by the time limit in Section IV.2.2 above). See section II.2.4 above for instructions on accessing the procurement documents. Any queries and responses and circulars that may be issued during the tender period will be communicated exclusively via eTenderWales. All queries and responses will be shared with all tenderers unless the query is deemed confidential or commercially sensitive. Please ensure that any confidential enquiries/clarifications are marked appropriately. NOTE: The authority is using eTenderWales to carry out this procurement process. NOTE: To register your interest in this notice and obtain any additional information please visit the Sell2Wales Web Site at https://www.sell2wales.gov.wales/Search/Search_Switch.aspx?ID=128224. (WA Ref:128224) The buyer considers that this contract is suitable for consortia.",
    "initiationType": "tender",
    "tender": {
        "id": "GCRE_Proc_00005",
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        "title": "Selection of an Investment Partner for the Global Centre of Rail Excellence",
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            "id": "71541000",
            "description": "Construction project management services"
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        "mainProcurementCategory": "services",
        "description": "GCRE Ltd (the \"Company\") is seeking a strategic investor to fund the Company. This is an investment and commercialisation opportunity in relation to the Global Centre of Rail Excellence (\"GCRE\"), a planned railway infrastructure and rolling stock testing, proving, demonstration and storage facility in South Wales, on a site of 700 hectares located within the Powys and Neath Port Talbot local authorities. GCRE is being developed by the Company, which is currently wholly owned by the Welsh Government. The strategic investor, which could be a single investor or a consortium of investors, will acquire a majority shareholding in and control of the Company (being a minimum of 51%).",
        "lots": [
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                "description": "This is a procurement to acquire a controlling interest in GCRE Ltd (the \"Company\"). The Global Centre of Rail Excellence (\"GCRE\") is a planned railway infrastructure and rolling stock testing, proving, demonstration and storage facility in South Wales, on a site of 700 hectares located within the Powys and Neath Port Talbot local authorities. For the rail industry and its supply chain, GCRE will provide a single site that brings people and ideas together, enabling world class research, testing and innovation. GCRE will be net zero in operation and will be the first purpose built large scale rail testing facility in the UK. The capital deployment needed will occur over a period of 3 years with the aim to achieve full commercial operations in FY25/26. GCRE's core revenues will be derived from the assets delivered by Investment Phases 1 and 2, which are described as follows: 1. Investment Phase 1: ground works, site preparation, outline design and the development of storage facilities. 2. Investment Phase 2: development of the rail infrastructure, including construction of a rolling stock testing track (outer loop with track length of 6.9km), an infrastructure testing track (inner loop with track length of 4km), additional storage and maintenance facilities, and the required building and civil works to make the site fully operational, including: (a) assuring supply of cost effective, sustainable, and reliable energy to the site to support 24/7 operations; and (b) working with local stakeholders to get access to relevant utilities and access infrastructure. The total estimated capital cost to deliver Investment Phases 1 and 2 is c.GBP400m. Investment Phase 1 is already underway using public funding. Investment Phase 2 requires private funding. There is also an opportunity to commercially exploit and develop the renewable energy opportunities available at the site in line with GCRE's energy strategy (which opportunity would be beyond the initial c.GBP400m investment). The initial c.GBP400m investment is proposed to be funded through: i) Public funding of GBP70m already committed and partially drawn down: Welsh Government equity investment of GBP50m and a GBP20m grant from the Department for Business, Energy and Industrial Strategy. ii) Private funding of c.GBP330m. The strategic investor selected through this procurement process will take majority ownership and control of the Company. Please note that this is a current estimate and work is underway to determine more precise value of the total capital cost. It should also be noted that site works (including award of the contract for earthworks) and relevant studies have already commenced. There is also the opportunity to develop, over the course of time, other commercial / revenue opportunities related to land / real estate development on the site. Potential returns will depend on many commercial factors including (but not limited to) market conditions. Details about the requirements and the scope can be found in the Selection Questionnaire (\"SQ\") and the Memorandum of Information (\"MOI\") with a more detailed description of the Company, its business plan and investment requirements to be provided at the tender stage of the procurement process. Access to procurement documentation: The MOI will be provided by GCRE Ltd to the applicant following signing by the applicant of a non-disclosure agreement (\"NDA\") and returning it to GCRE Ltd at the email address above. Access to the SQ and the NDA is unrestricted and you can access the SQ and the NDA in the Additional Documents section of Sell2Wales. Bidders should seek independent legal and commercial advice in relation to the opportunity. Additional information: The duration is an estimate only, provided on the basis of the estimated time periods required to deliver Investment Phases 1 and 2. Any queries and responses and circulars that may be issued during the tender period will be communicated exclusively via eTenderWales. See section II.2.4 above for instructions on how to access the procurement documentation.",
                "status": "active",
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                "hasRenewal": false,
                "secondStage": {
                    "minimumCandidates": 3
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                    "description": "Please see the section 'Description of the process being undertaken' in the SQ - see section II.2.4 above for instructions on how to access the SQ."
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        "reviewDetails": "This procedure is being run in accordance with Regulation 55 (Informing candidates and tenderers), Regulation 87 (Standstill period) and Regulation 88 to 104 of the Public Contracts Regulations 2015 ('PCR 2015'). Following any decision to award the contract the contracting authority will be providing debriefing information to unsuccessful bidders in accordance with Regulation 86 PCR 2015 and observe a minimum 10 day standstill period (in accordance with Regulation 87 PCR 2015) before the contract is entered into. Bidders should note that the procurement documents provide indicative information of the contracting authority's intended approach in the procurement process at this stage and are for general information only. The contracting authority reserves the right to vary, amend and update any aspects of the procurement documents and final details and versions of the procurement documents will be confirmed to applicants successful in being selected to participate in the relevant tender stages of the procurement procedure. The contracting authority reserves the right not to award the opportunity or to award only part (or a different arrangement) of the opportunity described in this Contract Notice."
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            "name": "GCRE Ltd",
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                "locality": "Neath Port Talbot",
                "region": "UKL",
                "postalCode": "SA10 9HN",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "name": "Tamara Evans",
                "telephone": "+44 7590603692",
                "email": "Strategicinvestment@gcre.wales",
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                    {
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                        "description": "Railway Technology Testing Facility"
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            "name": "High Court",
            "identifier": {
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