Deal Comparison Tool
Compare PPP Deals Side-by-Side
Select 2–3 deals to compare IRR scenarios, capital structure, risk profile, stakeholders, and financial projections in a structured analysis table.
Select Deals to Compare
Choose 2–3 PPP deals for a side-by-side comparison
Nairobi Eastern Bypass Toll Road
Kenya · Transport
Vietnam Solar Energy Grid Upgrade
Vietnam · Energy
Nairobi Eastern Bypass Toll Road
Stable YieldUser-Pay
Vietnam Solar Energy Grid Upgrade
ESG-DrivenGovernment-Pay
Core Metrics
Deal Size
$680M
$1.1B
IRR Range
11–14%
9–12%
PPP Model
Concession
DBFO
Concession Period
25 years
20 years
Risk Tier
Medium
Low
Country
Kenya
Vietnam
Sector
Transport
Energy
IRR Scenarios
Base Case
12.4%
10.6%
Upside (+15% traffic)
14.1%
12.2%
Downside (−20% traffic)
9.8%
9.1%
Capital Structure
Senior Debt %
60%
65%
DFI / Mezz %
20%
15%
Equity %
20%
20%
Senior Debt ($)
$408M
$715M
Total Equity ($)
$136M
$220M
Revenue Profile
Y10 Revenue ($M)
$98M
$55M
Y10 EBITDA ($M)
$71M
$38M
Y15 Revenue ($M)
$134M
$61M
Revenue Model
User-pay toll with tiered tariffs: KES 200–600 per passage by vehicle class. Government minimum traffic guarantee covers 65% of projected toll revenue for years 1–7. Inflation-linked tariff escalation every 3 years.
Availability-based government PPA. Fixed tariff of USD 0.0838/kWh for 20 years, inflation-adjusted every 5 years. No demand risk — payment triggered by availability, not generation output.
Risk Profile
Traffic demand shortfall
Medium
Low
KES/USD currency mismatch
Medium
Medium
Construction cost overrun
Low
Low
Stakeholders
Procuring Authority
Kenya National Highways Authority
Vietnam MOIT / EVN
Private Partner
AfriRoads Consortium
Mainstream Renewable + Ørsted
Senior Lender
Standard Bank + Absa
Asian Development Bank
Not financial advice. All IRR figures, financial projections, and comparisons are based on modeled estimates for illustrative purposes only. Past PPP performance does not guarantee future results. Always consult qualified investment and legal professionals.