Financial close means ........

Finance (Phase -I & II) Alternate sources of finance

Financial close means -

fulfillment of all conditions subsequent to the initial availability of funds for PPP project

fulfillment of all conditions precedent to the initial availability of funds for PPP project

a facility given by the public sector to the private sector to operate the PPP for a certain period of time

none of the above

Financial closure is defined as a stage when all the conditions of a financing agreement are fulfilled prior to the initial availability of funds.

In a Public Private Partnership (PPP) project, financial closure indicates the commencement of the Concession Period.

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