This course is structured around the practical application of project finance, focusing on:
– Promises in the credit agreement that restrict the SPV’s actions:
Answer: . Infrastructure projects often require significant investment and have long payback periods, making it challenging to secure financing. This course is structured around the practical application
The course is self‑contained, but for students seeking deeper understanding, Stefano Gatti’s Project Finance in Theory and Practice (Academic Press, 2nd edition, 2012) provides an authoritative and comprehensive treatment.
To successfully answer the quiz questions, you must understand the underlying economic and financial mechanics taught throughout the modules. Module 1: Introduction to Infrastructure Assets To successfully answer the quiz questions, you must
Instead of static answer keys, use these tools to prepare for the graded assessments:
The final quiz presents realistic scenarios requiring you to identify appropriate financing structures, assess risk allocation, interpret cover ratios, and recommend covenant packages. Week 3: Risk Analysis & Taxonomy Pre-Completion Risks
: How the SPV interacts with its lenders to secure multi-billion dollar funding. Week 3: Risk Analysis & Taxonomy Pre-Completion Risks : Construction delays and cost overruns. Post-Completion Risks : Operational issues, demand risk, and political stability. Risk Allocation : The preliminary step before any deal is signed. Week 4: Capital Budgeting & Cash Flows Construction Phase : Analyzing the sources and uses of funds during the build. Operational Phase
Syndicated loans are commonly used, where multiple banks share the risk.