(i) Senior Loans ………………… ( ) years ( ) % (ii) Subordinated ………………… Loans ( ) years ( ) % ………………… (iii) Equity ( ) % IRR ………………… (iv) Guarantees ………………… (b) (v) Reimbursable Requested grants * GCF amount 45 (vi) Grants * * Please provide economic and financial justification in for the concessionality that GCF is expected to provide, particularly in the case of grants. Please specify difference in tenor and price between GCF financing and that of accredited entities. Please note that the level of concessionality should correspond to the level of the expected performance against the investment criteria indicated in . project/programme’s Total requested 45 (i+ii+iii+iv+v+vi) Financial Name of Amount Currency Tenor Pricing Seniority Instrument Institution 2.86% or 6% including cost of AFD Million USD 44.3 20 years hedging Senior ($) against foreign currency risk Government of Million USD Grant 128.9 Mauritius ($) (including CEB) (c) Million USD Grant 1.78 UNDP ($) Million USD Equity 13.83 Bus companies ($) Lead financing institution: Agence Française de Développement (AFD) * Please provide a confirmation letter or a letter of commitment in section I issued by the co-financing institution. Co-finance letters are attached to this proposal in Annex IV. B.3. Fee Arrangement
(b) Requested GCF amount (i) Senior Loans (ii) Subordinated Loans (iii) Equity (iv) Guarantees (v) Reimbursable grants * (vi) Grants * ………………… ………………… ………………… ………………… ………………… 45 ( ) years ( ) years ( ) % ( ) % ( ) % IRR * Please provide economic and financial justification in for the concessionality that GCF is expected to provide, particularly in the case of grants. Please specify difference in tenor and price between GCF financing and that of accredited entities. Please note that the level of concessionality should correspond to the level of the project/programme’s expected performance against the investment criteria indicated in . Total requested (i+ii+iii+iv+v+vi) 45 (c) Financial Instrument Amount Currency Name of Institution Tenor Pricing Seniority 44.3 Million USD ($) AFD 20 years 2.86% or 6% including cost of hedging against foreign currency risk Senior Grant 128.9 Million USD ($) Government of Mauritius (including CEB) Grant 1.78 Million USD ($) UNDP Equity 13.83 Million USD ($) Bus companies Lead financing institution: Agence Française de Développement (AFD) * Please provide a confirmation letter or a letter of commitment in section I issued by the co-financing institution. Co-finance letters are attached to this proposal in Annex IV. B.3. Fee Arrangement
FP-UNDP-290715-5681-Funding%20proposal.docx