Variables

Observations

Default Value/Range

Timings

Stage 2

Stage 1

1. Contract Period

Should correspond to the length of the concession period. Restricted to intervals of between 6 and 40 years.

N/A

{25} years

2. Initial CapEx Period

Represents the length of the pre-full operational period. This corresponds to the period when the capital investments are made.

Many waste projects are characterised by a lengthy 'ramp up' period with the capital investment undertaken in phases. In addition, there is often a lengthy post financial close planning period. Both phasing and planning need to be taken into account when determining the initial CapEx period input value.

For example, if there is a post financial close planning period of 2 years and a phased construction period of 5 years in total, then the input value would be 7.

The Model is configured to allow the user to take full account of phasing, by paying a Unitary Charge which is lower during the pre-full service commencement period. (See item 29 'initial CapEx period payment below)

N/A

{5} years

3. Year When OpEx Is First Incurred

For most5 waste projects a unitary charge will be payable from the start of the concession period.

{1}

{1}