Completion


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Completion

In the context of project financing, occurs after a Completion Test, when the project's cash flows become the primary method of repayment. Prior to completion, the primary source of repayment is usually from the sponsors or from the turnkey contractor.

Completion

In project finance, the time at which a project has been finished, functions, and is generating enough revenue such that its cash flows become the primary way the project is repaying debt. Completion applies especially to construction and other infrastructure projects. For example, an oil company may build a series of oil pumps and finance the construction though bonds. Completion occurs when the oil pumps are completed and are working, and the cash flows generated by the oil are repaying the bonds. See also: Sales Completion, Physical Completion.
References in periodicals archive ?
Resource Well Completion Technologies launched their Zone Seeker, an open-hole, multi-stage completion system.
After the completion of the bridge, 35 kilometres will be reduced between Sahiwal and Kamalia.
Messages that focused on issues such as the benefits of timely and full completion of immunisation as well as the consequences of non-completion of basic routine immunisation were sent three times in a week between 7.00 am and 7.15 am for 10 months to mothers of infants and their significant others in the intervention group.
The Executive Committee of National Economic Council (ECNEC) has approved Rs66 billion and Rs430.7 million for sustainable BRT Corridor that after completion would provide quality communication facilities to more than 500,000 commuters daily at affordable rate.
For that reason, it is important to clearly define "college completion." What completion means for one student may be entirely different for another student.
Completions are a third (33%) above a trough in 2013 and 32% below a 2007 peak.
GGS12 is nearing mechanical completion. It said, "Drilling and completion of GGS 11 wells is completed and more than 80 per cent of production holes are drilled in GGS 12." Phase-1 development envisages drilling and completion of 229 wells and installation of 2 gas gathering stations (GGS).
The lag from permit to start averages one to two months, and the industry standard from start to completion equals about one year, Johnsey said.
Provided a form was completed and annexed to the sale contract then any item removed prior to completion will either need to be returned, replaced or the buyer compensated for its value.
Muscat, Aug 20 (ONA) The latest statistics released by the Ministry of Commerce and Industry on the number of applications received by the Ministry and its regional directorates and departments, as well as the number of recorded commercial registries from January 1st to June 30th, 2013, pointed out that the Ministry received more than 206,000 applications, 204,642 of which were completed, with 99.28% completion rate.
Before the purchase, it was used by FedEx founder Fred Smith as a completion center for his fleet of aircraft.
In March 2012, the Department's Office of Federal Student Aid (FSA) announced a Free Application for Federal Student Aid (FAFSA) Completion Tool to help guidance professionals, school administrators, and practitioners track and subsequently increase FAFSA completions at high schools across the country.