Bidder's Financing Plans

An assessment of a Qualifying Bidder's Financing plans will take the following into consideration:

Adequacy of the financing commitments to meet the project funding requirements as set out in the formsheet, including interim financing. Qualifying Bidders will be required to submit as part of their Bids evidence of the financing commitments necessary to undertake the Project;

Where financing plans are based on limited or non-recourse financing, Bidders must provide a Bank Commitment Letter;

Level of procurement of Export Credit Agency ("ECA") eligible goods (if applicable) and services to which the Bidder's proposed EPC contractor is willing to commit;

If the financing assumes any support from ECAs, the ECA(s) will also be required to provide commitment letters evidencing that they have fully reviewed the Financial Submission and that they have approved the availability of financing and/or guarantee facilities that form part of the Bidder's Financing Plan;

Bids which are assessed not to have adequate financing commitments to undertake the Project may be rejected;

Evidence that the financing commitments have been provided after the review of project agreements by the financial institutions; and

The submission should show evidence of bankability, through committed equity and debt.