This course will introduce students to Project Finance, as developed by lenders to finance long term infrastructure projects. This financing technic will be introduced in the context of Public Private Partnerships (PPP). Students will develop their understanding of Project Finance, and the differences with corporate finance and other financing alternatives. Students will increase their knowledge of key stakeholders in a project, of the key project risks, and of the required risk allocation among parties. This will also give them a knowledge of how project finance models are built, and of the key ratios that should be met. Evaluation: Take home exam |