Have to disagree with you there Aussheds (how? People say we are...

Have to disagree with you there Aussheds (how? People say we are the same person)

Equity will go in first, Then debt, be it bank, govt, foreign bank etc, all goes in together, pari passu drawn against claims by the constructor on how much has been built.

If they are doing any leasing, or there is export credit tied to certien pieces of kit then that will go in when the asset goes in, but for a project like this all the debt gets drawn proportionally at the same time

But you are correct, the govt money will require a commitment (or a condition precedent) that all the other funds are committed, just as the other funds will require the govt funding is committed.