Each project will receive an Investment Incentive (grant) of up to 15% upon successful implementation and verification project:
The calculation of the amount of Investment Incentives payable to the project and/or borrower will be conducted by the Verification Consultant (“VC”) and presented in the Verification Report.
The Investment Incentive payment is calculated as an equal to 15% of the lower of:
the eligible disbursed amount of the Loan, or
the eligible Investment Cost of the Project, excluding any amount of VAT payable in connection with the investment.
