Project Finance - Commercial Rocket Launches
Our client acquired exclusive rights to commercial rocket launches from the Russian base at Baikonur, Kazakhstan.
They wished to develop a hotel in locality suitable for housing the large team of technicians that accompany each launch. The hotel had to be completed within a year in order that it would be ready for the first launch.
We were retained to assemble a project team and arrange finance.
Within three months we had introduced a project manager, a suitable construction company, hotel management and a backer. The project was successfully completed and on time.
Our work included: -
(a) Identifying assessing suitable candidates for the project team;
(b) Negotiating terms;
(c) Advising on a suitable contractual and financing structure; and
(d) Negotiating terms for local access and facilities with the Russian Space Agency.