The overall objective of the programme is to promote social and economic development of the ARC and Sevastopol by improving essential community needs and by generating new opportunities for economic development through better use of untapped local and regional potentials. The specific objective of this contract is to formulate a TA project aimed at Foreign Direct Investments (FDI) attraction and promotion in Sevastopol. NTU team will produce the following outputs: • A Formulation Report on the component on FDI promotion in Sevastopol of the programme "Support to the Joint Cooperation Initiative in Crimea". This Formulation Report will include a state of the art of FDI attraction and promotion in Sevastopol and at national level, recent trends, priorities to be addressed and means to be eventually used. • Terms of Reference for the component on FDI promotion in Sevastopol of the programme "Support to the Joint Cooperation Initiative in Crimea". • The Budget estimate for the project on FDI promotion in Sevastopol. • Recommendations on selection criteria to be adopted for the selection of consulting companies that will implement the TA project.