Just reviewing yesterday's 8K again and these two projects in particular look to be $sizable and very promising for a near term finalization IMO. Others listed look good too. Lots of eggs in the basket. Hopefully, a few hatch soon.
1. Guinea, Conakry:
Over the last four years we have been undertaking efforts that we hope will allow us to have a strong business relationship with the Government of the Republic of Guinea. The scope of the original supply contract signed in January 2014 has been significantly expanded and we have implemented plans to obtain the necessary financing for the project with a suitable and qualified conglomerate based in the Middle East and Europe. We have also received assurances that the conglomerate is willing and able to finance, under a framework agreement between us, the Republic of Guinea and the financier, not only our healthcare project, but other planned infrastructure projects that currently look very promising. While we are optimistic that we will be successful in implementing these arrangements and executing our plans, we are aware that there are several third parties beyond our control and market conditions and circumstances may change which may adversely impact our ability to proceed with these plans.
2. Ghana:
Currently, we have entered into five 400 bed hospital Concession Agreements with the Republic of Ghana under a FBOOT arrangement (finance, build, own, operate and transfer) model. Each of the FBOOT arrangements and the related agreements provide for 15 year terms if certain conditions and other contractual requirements are satisfied.
We are also working to finalize the financing arrangements for these Public Private Partnership (PPP) projects and we remain optimistic that we may be able to successfully implement our plans and strategies if circumstances and market conditions allow.
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