Services
Three services.
One standard.
Infrastructure is not built by good intentions. It is built by proposals that pass appraisal, feasibility studies that satisfy lenders, and deal structures that close.
Service 01
Deal Structuring
Large infrastructure transactions require a capital structure that works for every party at the table: the sponsor, the government, the lender, and the community that will ultimately pay. We design that structure.
Our Chartered Accountants have led concession negotiations, structured blended finance instruments, and navigated the risk-allocation frameworks that development finance institutions require before committing capital. We do not propose structures that look attractive on a term sheet and collapse at financial close.
What we structure: PPP concession design · Project finance architecture · Blended finance instruments · Risk allocation frameworks · DFI capital stack optimisation · Sovereign support mechanisms · Step-in rights and security packages.
When Deal Structuring is Required
You are structuring a large infrastructure concession and need the capital stack designed to DFI requirements before approaching lenders.
Your existing concession structure has been declined by a DFI and you need to understand why and what to change.
You are entering a blended finance structure and need the concessional and commercial layers designed to work together.
You need a risk allocation framework that is defensible to a government counterpart and acceptable to a commercial lender simultaneously.
Study Types We Produce
Pre-Feasibility Study (PFS)
Early-stage viability assessment. Sufficient for internal go/no-go decisions. Not sufficient for DFI commitment.
Full Feasibility Study (FFS)
Detailed technical and financial analysis. Sufficient for government approval processes. Borderline for DFI appraisal.
Bankable Feasibility Study (BFS)
Investment-grade analytical output. Meets DFI appraisal requirements. Primary analytical input for credit committee review. Evolve's default standard.
Service 02
Market Feasibility
A feasibility study is not a formality. It is the document that tells a development bank, a sovereign guarantor, or a private equity infrastructure fund whether the project is real. Most are not written to that standard.
We conduct market feasibility analyses with the rigour of a lender's appraisal team — because we have sat on both sides of that table. Demand methodology, willingness-to-pay, revenue risk allocation, and sensitivity analysis built to hold under scrutiny.
Sectors covered: Energy and refining · Maritime and ports · Trade corridors and logistics · Digital infrastructure and telecoms · Mining and mineral beneficiation · Social infrastructure · Water and sanitation.
Service 03
Proposal Development
A proposal that is technically correct but narratively unconvincing does not fund. We write proposals that move decision-makers — ministerial, board-level, and DFI programme committees — from review to approval.
Our proposals are structured to the exact specification of the funding institution and the exact psychology of the evaluator. We have written for World Bank, AfDB, IFC, and government procurement committees across African jurisdictions.
Our proposal track record: Project Badilisha approved at Presidential level. Pendukapo approved at Ministerial and Presidential level. NTCDP approved by the Government of Tanzania and the Tanzania Revenue Authority.
What Separates a Proposal That Funds
It is structured to the exact specification of the funding institution — not adapted from a template written for a different programme.
It is written in the language of the evaluator. A DFI programme officer reads differently from a ministerial procurement panel.
It makes the financial case precisely — not in rounded numbers, not in ranges, not in best-case assumptions.
It gives the decision-maker what they need to defend the approval to their board or cabinet — not just what they need to approve it.
It closes with a narrative that names what the project means, not just what it costs.
Partner-led. From intake to approval.
No delivery teams. No junior associates on the first draft. Kaamil Buckas leads every engagement from the intake brief to the final approval presentation.
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