Interest during construction


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Interest during construction

Interest accumulated during construction period, which usually equals capitalized interest.

Interest During Construction

In project finance, the interest that accumulates on a loan that finances the construction of a building or development. The IDC is a cost for the project, though it is not always calculated as such. The IDC is calculated until the project begins to generate revenue, when the company financing the project begins to service its debts.
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The cost of the new generating facility, including interest during construction, financing and legal expenses, and improvements to existing generating units at the site, is estimated at $925 million.
The transaction has prefunded interest during construction, and provided for an irrevocable letter of credit equivalent to two years of debt service following delivery.
The total investment cost including the EPC contract, the development costs, fees, interest during construction, etc.
The transaction will prefund interest during construction and provide for an irrevocable LOC equivalent to two years of debt service.
This includes all the engineering and construction costs, the start-up costs, the technology and market risk coverage facility, interest during construction, debt service reserve and all applicable legal costs and fees associated with the project financing.
The financing will cover the design and construction, right-of-way acquisition, interest during construction and the refinancing of the existing Segment I.