Guidance note: The early debt repayment options to Project Co will be determined on a project-by-project basis in consultation with the Department of Treasury and Finance. Where this option is included, the key features are to be summarised with reference to quantum and timing of payment so that responses can be included as part of Respondents' response to Proposal Requirement E3.3 (Early Debt Repayment Options) in Volume 1, Part B (Evaluation Criteria and Proposal Requirements). |
The State wishes to consider options to enhance value for money through a potential early repayment of Project Co's debt after Final Acceptance. For example, this could potentially occur at around the time of Project Co's second scheduled refinancing.
The two options for an early repayment of debt are:
• repaying a portion of Project Co's debt; or
• repaying all of Project Co's debt such that there is zero debt remaining in Project Co.
It is at the discretion of the State to exercise either of the early debt repayment options and there will be no conditions associated with any such State election.
Respondents are required to accommodate these options as part of their Proposals in accordance with the requirements of Proposal Requirement E3.3 (Early Debt Repayment Options) in Volume 1, Part B (Evaluation Criteria and Proposal Requirements).