Developing Strategic Projects - Project Executive Group
Developing Strategic Projects - Project Executive Group
Developing Strategic Projects - Project Executive Group
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Modules in <strong>Strategic</strong> <strong>Project</strong> Finance<br />
Module<br />
Cost Estimate<br />
<strong>Project</strong> Evaluation<br />
<strong>Project</strong> Finance<br />
Developer<br />
takes<br />
design basis<br />
estimate basis<br />
schedule basis<br />
+ market survey<br />
op costs, working<br />
capital basis<br />
+ funding basis,<br />
accounting basis<br />
taxation basis<br />
and<br />
produces<br />
capital cost<br />
estimate, draw<br />
down of funds<br />
project cash flows,<br />
IRRs, NPVs, initial<br />
working capital<br />
after tax cash flows<br />
IRRs, NPVs, and<br />
financial statements<br />
Draw Down<br />
Cash Flows<br />
Cash Flows<br />
120<br />
100%<br />
150<br />
150<br />
100<br />
90%<br />
80%<br />
100<br />
100<br />
Revenues (Turnover)<br />
Operating Costs<br />
80<br />
U<br />
S<br />
60<br />
$<br />
40<br />
70%<br />
60%<br />
50%<br />
40%<br />
30%<br />
Left Scale<br />
FC<br />
Yemeni Rials<br />
Right Scale<br />
Cumulative<br />
50<br />
U 0<br />
S<br />
$ -50<br />
-100<br />
Revenues (Turnover)<br />
Working Capital<br />
Operating Costs<br />
Capital Cost<br />
50<br />
U 0<br />
S<br />
$ -50<br />
-100<br />
Operating Phase<br />
Dividends<br />
Tax & Production Share<br />
Debt Service<br />
-----------------------------<br />
Construction Phase<br />
20<br />
0<br />
Dec-93 Dec-94 Dec-95 Dec-96<br />
Half Year Ending<br />
20%<br />
10%<br />
0%<br />
-150<br />
-200<br />
1993 1998 2003 2008 2013<br />
Year<br />
-150<br />
-200<br />
1993 1998 2003 2008 2013<br />
Year<br />
Equity<br />
Loan Draw Down
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