STEP #1:
1. Signing of MoU
2. Registration of SPV in the Country by Project Owner
STEP #2:
1. Proof of SPV creation and bank account by project owner
2. Funding provider to appoint on funding provider side a Director to serve in SPV (funding provider `s Board Resolution to be granted ),in many cases consultant that brought the project is appointed temporary at this position as Director to speed up the process and avoid delay.
3. Signing of Shareholders Agreement between Project Owner company (Concessionaire) and funding provider `s Washington,DC
4. Signing of Loan Agreement with SPV`s Directors and funding provider
( Loan is extended to the SPV, not to the Project Owner )
STEP #3
1. Project Package is now turned over to funding provider TECHNICAL TEAM
2. funding provider TECHNICAL TEAM to schedule :
TECHNICAL AND FINANCIAL OPERATION AUDIT with Project Owner Team,
so funding provider `s experts can be deployed on the ground to Audit the project.
This audit process funded by funding provider can take up to 4 Months to complete.
STEP# 4
1. Funding starts immediately after the results of the Audit by funding provider Technical Team
2. Funding provider Technical Team to work on the EPC contract with experts to start the project implementation phase.
3. Project owner will be granted 1% oversight management fee at each payment schedule
Project owner will be granted 1% oversight management fee at each payment schedule.