3
h.
State of project readiness: Projects and programmes which are important for
achieving national objectives but which lack critical elements necessary for
their start-up and/or continuation of implementation would not be considered
for funding under the PSIP. Such elements include a proper project proposal,
Cabinet approval, feasibility studies and statutory approvals including
Certificate of Environmental Clearance (CEC), Town and Country Planning
Division (TCPD) approval
i.
Adequacy of Project Documentation: Proper project documentation and
regular progress reports requested in the Annual Call Circular are required to
make a fair assessment of the Ministries‟/Departments‟ requests for funding.
Requests for funding for projects and programmes which are not supported by
proper documentation would not be considered for funding under the PSIP
6.
It is anticipated that continuous application and refinement of this robust methodology
would result in a PSIP that funds the projects and programmes that would result in the greatest
impact, and create the infrastructure, systems and capital base to ensure long term development
in accordance with the national priorities. It is intended that this process of decision making for
the capital investment is fair, open and objective and would result in the effective management of
public assets.
7.
Further to this process, the Ministry of Planning and Sustainable Development will
monitor the progress of projects and programmes in accordance with the deliverables of planned
activities to measure and evaluate outputs and outcomes over the medium to long term. The
Monitoring and Evaluation initiatives will continue to assess:
Levels and patterns of expenditure
Achievement and planned outputs towards the national outcomes and
Achievement of outcomes in relation to development priorities
8.
The 2014 PSIP is set out in three (3) parts:
An Overview
presents a summary of expenditure recorded in Fiscal 2013 and
budgeted expenditure for fiscal 2014 categorised according to strategic priorities,
along with the financing arrangements for the 2014 PSIP
Part I
: gives a Review of the programmes and projects implemented in Fiscal 2013,
and
Part II
: highlights the project and programmes projected for implementation in
Fiscal 2014.
