The Template Project Deed includes an ability for the State to pay down a portion of senior debt once the facility is operational and conditional on a number of factors. These factors include that there is no outstanding major default and that the CDPD amount must be allocated directly to paying down the outstanding debt.
Whether the State decides to make such a payment and the amount of the payment is determined on value for money grounds taking into account the commensurate reduction in risk incurred in a post construction environment.
In addition to a CDPD, the State may opt to make Capital Contributions during the construction period. The State may make this decision if there are capacity constraints on the private debt and capital markets at the time and taking into account the size and estimated cost or value of project's infrastructure. In this case, the Template Project Deed terms would need to be adjusted to include this project specific requirement.