Ann: Sconi Project in Due Diligence Phase for NAIF funding, page-148

I'm tipping the port facilities upgrade is linked to the broader funding picture. Speaking to a colleague who oversees very large public infrastructure projects he was of the view that bodies like NAIF usually provide funding to a project via a facilities upgrade like a port (an example he used funnily enough) or substations or some type of infrastructure that is part of the project.

He also stated that it was common practice for these types of funding arms to provide finance retrospectively once a certain stage of a project has been completed. This enabled better tracking/auditing of actual spending as opposed to providing a large lump sum up front and being exposed to possible sloppy allocation. Imo of course