The availability payment allows a remuneration of "cold" project finance investments, only partially covered by tariff revenues. The amount of the payment, mainly fixed and so mildly risky, has a potential huge effect on the bankability assessment and is disputed among participants to the tender. The VAT tax rate applicable to the availability payments stands out as one of the most controversial and still disputed aspects.
Moro Visconti, R., Il Project Finance e il canone integrativo di disponibilità, <<BANCARIA>>, 2010; (1): 1-7 [http://hdl.handle.net/10807/18280]
Il Project Finance e il canone integrativo di disponibilità
Moro Visconti, Roberto
2010
Abstract
The availability payment allows a remuneration of "cold" project finance investments, only partially covered by tariff revenues. The amount of the payment, mainly fixed and so mildly risky, has a potential huge effect on the bankability assessment and is disputed among participants to the tender. The VAT tax rate applicable to the availability payments stands out as one of the most controversial and still disputed aspects.
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