Question-and-Answer Session
Operator
Thank you (Operator Instructions). Our first question is from with Bret Levy with Jefferies & Company. Please go ahead sir.
Bret Levy - Jefferies & Company
Hey guys can you talk a little bit about if you proceed with all the Helgavik spending and what are your general plans are what you think CapEx looks like for the overall company for the next three or four years it's a rough sense of spacing and then it looks like you have pretty good census for what capital structure you want to have to address this. Can you talk a little bit about whether or not that involves and is now was that coming in as unsecured relative to the new second secured notes that you are going to have with consent, how much debt how much equity. A little bit about what your general thoughts are in terms of how the financing should go?
Michael Bless
Sure, Brad thanks its Mike, its let me adjust all that. So quickly to put aside the sustaining CapEx we have put up out and estimate of about $50 million. It's consistent with how we went the company over the last couple of years $15 million to $20 million maintenance CapEx and that's not going to change. Put that away and well as you recall we had some capital projects about which we were thinking in the U.S. I think in the current environment its probably not -- couldn't even think about those, so can put those aside as well.
So as you correctly pointed out, we are talking about Iceland and so lets go directly to Helgavik. Logan and Wayne talked about the phase one is very difficult to answer your question on three to four years because three to four year is a in time that could include and hopefully will include more than just phase I but that in terms on a whole a lot of things.
So let just talk about phase 1A I think is a cleanest and easiest way to talk about this. $600 million, we haven't been providing any more detail yet spread on what the concept the capital structure phase that $600 million of spend will be and we are not ready to do it yet, we've done a lot of work with the European Banks, we are looking at other forms of financing but what we have said to our people. We've said that we're only looking at this point and debt structures again in that unrestricted serve that would be not rescore sale or your traditional kind of project financing with which you are very familiar.
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