Topic:"Cost Recovery" in M13059

4.1 PAYMENTS (INDEPENDENT ENGINEER ADVANCE CERTIFICATE) As of the date of this report, no advanced under the IE's certificate have been approved as the Borrower has not submitted a draw request. BTY understands that costs incurred to date...

AI summary As of the report date, no payments under the Independent Engineer's advance certificate have been approved because the Borrower has not submitted a draw request. BTY notes that current costs will be covered by alternative funding sources.

2.5 CONCLUSIONS Based on the information received by BTY and reported within this Independent Engineer Status Report, BTY is of the opinion that the Project can be completed for the total Project Budget of $684,684,600 (including AFUDC and...

AI summary BTY concludes that the Project can be completed within the total budget of $684,684,600, including AFUDC and grants, with a Commercial In-service date before October 10, 2028.