Following an overview of project finance itself and how it differs from other forms of financing, the course provides participants with a structured set of risk analysis and mitigation tools designed to enable them to:
a) assess the strengths and weaknesses of infrastructure / PPP projects from a bankability perspective;
b) make appropriate suggestions as to how the financing of projects may be optimised.
Participants gain an insight into the quantitative tools which are used to size project debt packages and to structure the repayment mechanisms based on the project’s projected cash flow. The course then moves from general principles to the specific models employed in particular sub-sectors of the market – public / private transport (roads, bridges, tunnels), major infrastructure (airports, container ports) and social assets (water, waste, hospitals, prisons).
Knowledge is consolidated through case studies and practical exercises.
On completing the course, participants will be equipped with a clear understanding of:
- Why major public assets are increasingly being constructed using private funding;
- The models which are employed in such cases – from simple concessions to highly-structured PPPs;
- The dominant risk factors in infrastructure / PPP from a bankability point of view – and how they impact financing;
- How debt packages are sized and structured;
- How infrastructure / PPP practice has changed over time – and is still evolving; The importance of environmental, social and governance (ESG) considerations.
The course is led by one of our core project finance practitioner trainers.