Infrastructure does not become productive the moment a financing agreement is signed. Rajeev Khandelwal’s documented project finance background connects capital decisions with the work required to create an operating asset. That relationship becomes visible in drawdowns: money moves as engineering, procurement and construction progress. The sequence protects the project only when the milestones describe meaningful completion rather than convenient paperwork.
Make progress observable
A milestone might involve delivered equipment, completed civil works or successful testing. Each event should be supported by evidence appropriate to the task. A supplier invoice establishes an amount due; it does not necessarily prove installation quality. Separating financial documentation from technical confirmation allows lenders and sponsors to understand what has actually changed on site before the next commitment becomes payable.
Coordinate sponsor cash
Equity contribution schedules influence the resilience of the financing plan. If all sponsor funds arrive late, early delays can leave the project relying heavily on debt before risks have reduced. The agreed funding sequence should show who supplies cash during each stage and how overruns are addressed. This is especially important where construction contracts and financing documents use different definitions of completion.
Allow for interfaces
Projects can satisfy individual contractor milestones while remaining unable to operate as a whole. A processing plant may be mechanically complete but lack a utility connection or access road. The capital schedule should recognise these interfaces. Funding a finished component without funding its dependencies can create an expensive idle asset and weaken the cash-flow assumptions that originally supported the financing structure.
From signature to production
Rajeev’s profile and Credit Connect’s project finance offering place this issue within the ecosystem’s established advisory landscape. Documented agreements provide an important foundation, while milestone discipline governs implementation. The practical objective is to make each funding release correspond to a demonstrable reduction in delivery risk. That gives sponsors, contractors and financiers a shared account of how the project moves toward dependable operation.
