The concept of creating a physical hub for the IT industry is not very recent; there have been concepts of IT village and Silicon Valley. Same goes for Pakistan as well; in the very early years of IT boom in Pakistan, PSEB had initiated the process of establishing such infrastructure across the country.
PSEB has recently acquired 13.6 acres (65,824 sq. yards) of land at Chak Shahzad, National Park Area, Islamabad and plans to develop a state of the art IT Park on this site. The IT Park shall provide facilities such as high speed internet connectivity with satellite backup, provision of 24 hour electricity and air conditioning facility, appropriate and flexible office space, shuttle services for employees, common areas such as restaurants, health club and conference rooms installed with video conferencing facility and hardware retail shops. The IT Park would serve as a hub of IT business; it would create an enabling environment and a community that delivers high end services to the domestic as well as international markets. PSEB plans to develop the IT Park as quickly as possible while adhering to legal, quality and other requirements.
Define the financial transaction structure
Define the special purpose vehicle and draft Terms of Reference
Develop Financial Models / Business Plan / identify and recommend Funding mechanism- such as BOT, Debt Financing, Government Funding etc. Perform risk analysis
Commissioning & Monitoring
Define the management architecture of IT Park
Formation & Operation of the special purpose vehicle
Draft the policies, procedures, rules & regulations for management of IT Park
Prepare and conclude concession agreements
Provide advisory role on contracts between PSEB and other stakeholders
Negotiations with developers
Perform due diligence of the project
Conduct detailed feasibility studies (Environmental impact assessment, Social and Traffic impact, etc.) and provide a conceptual strategic development plan. Perform entire requirement analysis based on capacity utilization of the park.
Develop detailed technical plan for development, such as site analysis, soil investigation, master plan, and infrastructure plan, cost estimations, set detailed standards for design, construction, supervision and quality control.
Prepare performance indicators and parameters for construction and maintenance of the Park.
Perform construction supervision and quality control.
Prepare a presentable business proposal/document for the IT Park project, ensuring that the project is marketable and economically, financially, commercially, technically, environmentally and socially viable.
Prepare the request for proposal (RFP) documentation for the selection of the Development firm/consortium.
Help identify potential developers and market the project for maximum response.
Develop selection criteria and perform in the evaluation of bids.
Help PSEB in negotiations with the development firms.