This is actually pretty funny and relevant

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Project finance is investment against revenues from a yet-to-be-built asset, from which mainstream banks and institutions are currently precluded by their own regulations. Only private capital funds have the flexibility to structure this financing. 

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Some project financings are equal in value to IPO’s, and investors expect the same structure and attention to detail as goes into preparing any IPO prospectus.

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Best part:

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Please, at no stage, use the term ‘shovel ready’ in your application. Only the investor, their third-party advisors and underwriters can decide when your project has finally reached that stage.

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Wonder how much due diligence was done?

Then this is a hoot:

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a feasibility study clearly demonstrates the viability of the project (in that there is absolute/underwrite-able assurance that any loan will be repaid) it needs to be credible and backed with sound and qualified research. Also, a project may qualify if the applicants can show a track record of success in operating the built project.

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Good luck with that!

in my humble opinion

cheers