IDCOL Project Cycle
Loan application
The sponsor(s) will be required to provide certain specific financial
and technical information. A formal application must be submitted to IDCOL
by the sponsor(s) containing required information including, for this
purpose, a feasibility study acceptable to IDCOL. The feasibility study
would be reviewed by IDCOL to ensure that it satisfies its requirements
and those of concerned parties. After an initial clearance-in-principle,
a non-binding Preliminary Letter of Support (PLS), including a draft Term
Sheet and Loan Agreement would be issued to the sponsor/borrower.
Download Application Form - pdf format, MS
Word format
Appraisal
IDCOL carries out its own independent appraisal of the economic, technical
and financial viability of each project and ensures that the investment
is in line with national policies and priority development programmes
of the GOB. During the appraisal, IDCOL also verifies compliance with
environmental protection and procurement regulations.
IDCOL treats any information received in the course of its operations
as confidential.
Approval
Following a careful examination of the final appraisal report, the Board
of Directors of IDCOL will make final decision on the application.
Effectiveness of the loan from IDCOL will be subject to all other financing
for the concerned Project being irrevocably committed and effective.
Monitoring
IDCOL loan contracts provide for monitoring of implementation progress
and expenditure. After completion, a report is drawn up, which includes
a comparison of actual with initial estimates.
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