Need help to value (EV) a company

There have been many deals in my country when a regional government sold their assets (i.e. airports) for a small close to nothing equity, for example $100. An investor then signs an investment agreement with the commitment to build a new terminal for an amount, minimum of $1000 for example. Normally there would be an auction and investors would bid for either equity or amount to be invested. Let's say an investor with $2000 bid wins. Then They pay $100 for equity and sign up an agreement to invest at least $2000 within next 3 years. So my question how do we find EV without building a DCF model? Can we simply say that the investment obligation is debt and EV equals to $2100?

 

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