IDCOL definition

IDCOL means Infrastructure Development Company Limited, a body corporate established and existing under the Bangladesh Companies Act (1994).

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IDCOL means Infrastructure Development Company Limited, a body corporate established and existing under the Bangladesh Companies Act (1994);

IDCOL means the Infrastructure Development Company Limited, or any successor thereto acceptable to ADB;

Examples of IDCOL in a sentence

• IDCOL will use the OCR loan proceeds to provide medium to long-term subloans in local currency or US$ to medium-sized to large infrastructure subprojects (including RE and EE subprojects) with a total subproject cost in excess of $10 million.

• The onlending by IDCOL to eligible private sector subprojects will be at interest rates that reflect IDCOL’s cost of funds plus a spread to cover transactional costs and risks following commercial and competitive terms as determined by IDCOL.

• The board of directors of IDCOL shall review the performance of each quarter year and shall forward quarter-yearly progress reports to ADB by the 10th day of the month following the quarter-yearly review.

• Although no specific targets are specified for PPPs, the 7th FYP aims to substantially increase the amount of PPP investment from an average 0.2% of GDP in FY2015 to around 1%–2% of GDP annually.18 As such, the Government has given a broader mandate to IDCOL for promoting PPP projects and plays a larger role in mobilizing and providing finance to the private sector for infrastructure development.

• The Government will make the loan available to IDCOL in taka at 3% with a term of 20 years and a grace period of 5 years pursuant to a subsidiary loan agreement.

• The Infrastructure Development Company Limited (IDCOL) is one of only two domestic financial institutions in Bangladesh7 which is mandated and specializes in providing long-term debt financing for infrastructure and renewable energy (RE) projects.

• The authority conferred on IDCOL under Section 7.01 of this Loan Agreement may be revoked or modified by agreement between the Borrower and ADB.

• The Borrower shall procure that IDCOL shall also ensure that adequate number of staff are trained and deployed to fully implement and comply with the ESSF.

• Projects were designed to be funded off-balance sheet, and IDCOL was eligible for some upfront and monitoring fees only—the principal and interest repayments were directly deposited to repayment accounts of the Government.

• The Borrower shall and shall procure that IDCOL shall furnish to ADB such further information concerning such accounts and financial statements and the audit thereof as ADB shall from time to time reasonably request.

More Definitions of IDCOL

IDCOL means Industrial Development Corporation of Odisha Limited having its registered office at Bhubaneswar - 751 009, Odisha including its successor and assignees or its representatives;

IDCOL means The Industrial Development Corporation of Odisha Limited having its registered office at Bhubaneswar–751009, Odisha including its successor and assignees or its representatives;