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Results Chart for Delivery Method and Financing
From Public (Government) Sources to Producers
Direct Cash Support: $CDN 300 million dollar in construction progress payments payable to the contractor by the Province during the construction period for a portion of the initial capital cost of the project. Constant Fixed payments for the remaining capital costs of the new Project not covered by construction progress payments. Indexed payments for the costs associated with the operation, maintenance, and rebahilitation of the new Project. Indexed payments for the costs associated with the O&M of the Existing Infrastrutcure.
From Private Capital Markets Directly to Producers as Debt: Successful contractor is responsible to provide $CDN 20 million Letter of Credit at submission of proposal, and to provide financing for the design, construction, O&M, and rehabilitation of the facility during initial construction and during the 30 year O&M period. Financing is supported by Province's commitments to provide the $300 million (CDN) in progress payments during construction and to provide the payments (constant and indexed) specified in the final DBOM agreement.