In consideration that the bank needs detailed design to approve the loan, does this statement mean that it will not grant the loan until the detailed design is complete?.
"Detailed design and engineering activates are expected to continue until the first quarter of 2017 and will overlap the expected commencement of construction, which remains subject to the finalisation of project financing. "
Ann: ALTECH - HPA Project Detailed Design Update-ATC.AX, page-2
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