Log of Correspondence      Detailed Summary      Summary of Annexures       Defined Terms  

Eleven Steps To Complete A Greenfield Or Brownfield Infrastructure Project Finance:

  1.         Issue an Expression of Interest – 3 pages approx and Execute a Confidentiality Agreement – 5 pages approx

  2.         Execute a Confidentiality Agreement and receive and review an Information Memorandum for a potential new piece of infrastructure  – 50 to 150 pages approx

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

  4.         Execute a Memorandum of Understanding – approx 50 pages And/Or Execute a Term Sheet –30 pages approx

  5.         Review draft Project Documents for D&C – 1,000 pages approx

  6.         Review and execute Finance Documents to fund debt and equity – 1,000 pages

  7.         Reach Financial Close, commence funding Drawdown tranches attend Project Control Group meetings

  8.         Construction Phase – approx 18 months and costing between $50m and $3b -  follow the D&C and attend project control group meetings

  9.        Achieve Practical Completion

10.        Operations Phase – up to 30 years in the case of a PPP to recoup debt plus financing costs