Ask Evolve

Ask Evolve

The questions infrastructure teams ask us most.

Every engagement begins with a question. We have answered most of them before. These pages exist so the answer is available before the conversation starts.

FeasibilityDFIBankability

What makes an infrastructure feasibility study bankable?

Most feasibility studies are not bankable. They fail at appraisal not because the project is wrong, but because the study was not written to the standard a lender requires.

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PPPDeal StructuringDFI

How do you structure a PPP concession for DFI funding?

PPP concession design requires aligning the interests of four distinct parties — sponsor, government, lender, and community. Getting one wrong collapses the structure.

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AfDBProposalDFI

What does an AfDB-grade proposal require?

The African Development Bank has specific appraisal criteria that most proposals fail to address. Understanding what the credit committee reads is the starting point.

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Blended FinanceDeal Structuring

When does blended finance make sense for infrastructure?

Blended finance is not a funding shortcut. It is a structural instrument that works in specific conditions — and fails badly when applied to projects it was not designed for.

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Stakeholder EngagementGovernment

How do you approach executive stakeholder engagement on infrastructure projects?

Ministerial and presidential engagement requires a different advisory posture than commercial negotiation. The approval cycle, the register, and the evidence standard are all different.

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PPPDeal StructuringRisk

What separates a PPP concession that closes from one that stalls?

Most PPP concessions that stall do so at a predictable point in the process, for a predictable reason. The failure is rarely technical.

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FeasibilityAfricaMethodology

How do you write a bankable feasibility study for an African infrastructure project?

The methodology for a bankable feasibility study in African markets differs from developed-market standards in specific ways — particularly around demand modelling and political risk quantification.

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FeasibilityStudy Types

What is the difference between a Pre-Feasibility Study, Full Feasibility Study, and Bankable Feasibility Study?

The three study types serve different stages of project development and different audiences. Using the wrong one at the wrong stage signals a lack of institutional literacy.

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IFCEnvironmentalSocial

How do IFC Performance Standards apply to infrastructure projects in Africa?

IFC Performance Standards are a mandatory appraisal requirement for most DFI-financed projects. Most project developers treat them as a compliance checkbox — which is how they get declined.

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ProposalStakeholderNarrative

What makes a proposal move a minister to approve rather than defer?

Ministerial approval is not a technical decision. It is a political, economic, and narrative decision — and proposals that succeed at that level are structured accordingly.

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