Project Finance (ECFS877)

This unit examines the business rationale for project finance. a risk system is introduced for the identification and systematic allocation of risk in the various approaches to structuring a project financing. Funding, political-risk structuring, and recent capital-market developments are highlighted in class and through practical case studies. A heavy emphasis is placed on the international character of the project finance industry.

Learning Outcomes

  1. Development of a thorough grounding in the characteristics that make a large scale investment a candidate for Project Finance.
  2. Development of skills to (i) evaluate risks in large scale investments and (ii) to structure transactions in mitigation of those risks.
  3. An ability to make an analytical assessment (including valuations and cash flow modelling) of a proposed investment from the perspective different stakeholders, including lenders, sponsors and investors and other involved parties such as governments.
  4. Exposure to notable contemporary transactions that inform developments in the policy and practice of project and infrastructure funding.
  5. An understanding of sources of finance and the requirements to obtain funding from different providers.

Topics:

  1. Introduction to Project Finance and Large Scale Investments
  2. Structure & Risk
  3. Valuing Projects
  4. Managing Risky Projects
  5. Financing Projects
  6. Sources of Funds
  7. Transaction Lifelines and Tools
  8. Practice & Review

Prerequisite units:

Lecturer:

Cosmas Kapsanis

Unit guide:

Project Finance - The link will provide a list of guides for this unit. If the desired term/location is not listed, please view the latest one available.

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