Banking
Project Finance — Construction Drawdown
Funding a tranche of a project finance facility against certified construction progress.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Project Finance Loans | Asset (+) | 3,000,000.00 | - |
| Cash / Developer Account | Liability (-) | - | 3,000,000.00 |
💡 Accountant's Note
Project finance loans are drawn in tranches against certified progress. The bank typically appoints a monitoring engineer to certify each drawdown request. Interest during construction (IDC) is capitalized to the loan.
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