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Completion risk |
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Completion risk The risk that a project will not be brought into operation successfully or be able to pass its completion test. |
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| The Commission has also taken on the risk of cost overruns for the entire project, significantly mitigating completion risk. Fitch notes that project completion risk under the terms of the project financing lies primarily with the state, given its commitments through various state agencies, subject to legislative appropriation, to fund cost overruns and provide a debt service reserve fill-up. Completion risk is considered to be low, as technology is conventional and progress on the construction schedule is well underway. |
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Completion risk
