Viability Gap Financing (VGF) will be applicable to only :
a. Build-Operate-Transfer (BOT) project;
b. The total viability gap financing in the form of capital grant shall not exceed thirty percent (30%) of the total estimated project cost;
c. The amount of VGF shall be equivalent to the lowest offer in the competitive tender for capital subsidy or annuity, subject to the fulfillment of all other parameters of the Tender.