Defined Terms and Documents     Discussion Paper       Annexure A    Annexure B    

Thirteen Steps as an Arranger Bank to execute Finance Documents for a Greenfield or Brownfield  Infrastructure Project Transaction:

  1.         Work with Equity Partners (Sponsors) to prepare an Information Memorandum to distribute to prospective debt providers

  2.         Issue a Confidentiality Agreement, often referred to as a CA (3 pages approx) and an Expression of Interest, often referred to as an EOI  (3 pages approx) to interested debt providers

  3.         Execute a Confidentiality Agreement, often referred to as a CA (3 pages approx) with each interested debt provider, thereupon provide an Information Memorandum for review and response  – 50 to 150 pages approx

  4.         Receive an executed EOI from each interested debt provider.

  5.         Write a Credit Paper seeking approval to lend say $100m and submit to your Credit Committee for approval

  6.         Execute a Memorandum of Understanding – approx 50 pages and/or Execute a Term Sheet with each interested debt provider – 30 pages approx

  7.         Review draft Project Documents for D&C – 700 pages approx

  8.         Assist draft Finance Documents to fund debt for comments by debt providers that have executed an EOI – 700 pages

  9.         Achieve Financial Close and execute Finance Documents

10.         Commence funding Drawdown tranches

11.         Construction Phase – approx 18 months and costing between $50m and $3b -  follow the D&C and attend Project Control Group meetings

12.         Achieve Practical Completion

13.        Commence Operations Phase – up to 30 years in the case of a PPP to recoup financing costs and grow equity