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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Bond proceeds will be used, together with DUHS's internal funds, to fund $248 million in projects at the flagship Duke University Hospital (DUH) and Duke Raleigh Hospital (DRaH), fund capitalized interest during construction and pay for the cost of issuance.
97,636 crore (including price escalation, Interest During Construction (IDC) and import duties) - 81% of the project cost funded by Government of Japan loan for 50 years at 0.
The sub-committee said the current PC-I of the project lacked provision for certain items including interest during construction.
Proceeds from the series 2007A bonds will fund IMPA's ownership share of a new 1,600 megawatt (mw) super-critical mine-mouth coal-fired generating facility, coal reserves and equipment (Prairie State Energy Campus), and interest during construction.
8 billion, including interest during construction, new estimates are expected out shortly.
The total project cost is estimated to be US$109 million including (i) the investment in the new bus fleet, (ii) funding of FUDO trust responsible for paying for the acquisition of the existing bus fleet and subsequent scrapping, and, (iii) interest during construction, financial fees and funding of the DSRA.