Project Completion Date
From Open Risk Manual
Definition
Project Completion Date occurs when a defined set of technical (including environmental and social) and financial tests have been met as stipulated in the Finance Documents of a Project.
The concept of a Project Completion Date is commonly used for Project Finance transactions. The Project Completion Date is usually achieved after the Project has met a defined set of technical (including environmental and social) and financial tests and is ready to start operation. After the occurrence of the Project Completion Date, the Loan becomes non-recourse to the sponsors.
