Category: February 2009

February update

2009 started off with pomp and ceremony with members of the Trinity team hosting clients on 21 January at the Project Finance International Annual Awards dinner in London to accept two awards; for the Rabai IPP Project in Kenya (African Power Deal of the Year) and the Lekki-Epe Expressway toll road project in Lagos, Nigeria… Read more »

Legalese – Drafting Letters of Intent/Terms Sheets

A term sheet, heads of terms or letter of intent (“LOI”) is a document which provides an overview of the key commercial and other terms of a transaction. A well-drafted term sheet or LOI provides a clear pathway for a transaction invariably expediting the time to completion and reducing transaction costs. By contrast, a vague… Read more »

A review of the Lekki-Epe Expressway Toll Road Concession Project

Introduction The Lekki-Epe Toll Road Concession Project commenced in 2000 with the placing of advertisements by the Lagos State Government for proposals as to how key road infrastructure within the swelling metropolis of Lagos could be developed on a PPP basis. Asset & Resource Management Company Limited submitted a proposal in relation to the rehabilitation,… Read more »