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| 21-May-2016 | |||||
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Have you ever wondered looking at the massive high-speed rail, telecommunication towers, wind turbines, etc. that how such complex undertakings have been financed and come into existence?? You are actually being benefitted from infrastructure projects that have been financed by a mechanism called “Project Finance”. In simple words, we could say Project Finance is raising funds/capital to pay for a Project.
Sometimes funding for such huge projects becomes difficult through traditional finance methods since it involves huge risks, which can be spread amongst the various participants in Project Finance, increasing the chances for the Project to be a success. These participants could include multilateral organizations, governments, regional banks, and private entities. Also Project Finance is considered as the preferred method of financing since it greatly minimizes the risk for the sponsoring company (Company or a group of companies that initiates the Project), since the repayment of debt is not based on the assets reflected on their balance sheet, but on the Project revenues. In every project there is a core entity created by the sponsoring company that is responsible for organizing, developing, and ensuring that the project is operational, which is the Special Purpose Vehicle (SPV). It also shields the assets of the sponsor company in case of a Project failure. In a nut shell we could say that the Project Financing is financing of; *Often long-term, industrial projects *Increasingly those which provide public services or infrastructure *Based upon complex financial and contractual structures commonly involving many legal entities The overall aim of this amazing online training is for the participants to get a complete overview of the Project Financing mechanism and taking them through all stages of a project financed transaction. |
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