Project Finance and the Public Private Partnership- Virtual Series
This course will discuss the basic project financing framework; the rationale for using project financing as opposed to direct conventional financing; the identification and management of risks associated with a large scale project; evaluating a project’s viability using analytical tools; sources of project funds; using public-private partnerships as a mode of project financing; and the crafting of contractual arrangements to allocate a project’s risk and economic rewards among the parties involved.
Prerequisite knowledge:
- Knowledge of corporate finance and basic credit analysis
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To make it even easier to learn, you can finance your program through Affirm.
Loans offered through Affirm are available in the U.S. and Canada.
Day 1
- How is Project Fin Different than Corp fin?
- Course Introduction and Overview
- An Introduction to P3 Finance: Basic Elements and Rationale
- Project participants and their reasons to be involved
- Basic project structures, credit support for lenders
Day 2
- Examining the Setup of Real World Deals Accounting definitions
- Accounting Definitions
- How does P3 infrastructure affect real estate prices and development
- Descriptive project categories
- Employment of project finance principals in various examples
- Checklist of project finance attributes that developers and lenders find attractive
Day 3
- Timelines and Feasibility Studies
- Public/Private collaboration P3
- Project P3 timeline
- Feasibility study
- Responsibility and risks of participants
- Real estate ‘value capture’ in P3 finance
Day 4
- International variations of project finance: review real deals
- Real estate ‘value capture’ in P3 finance
- Review international P3 examples in class
- P3 Canadian province school system, P3 Mexico petrochemical plant, P3 New Castle Development (UK)
Day 5
- Project Documentation, Rating agencies and Loan syndicators: review Hudson Yards
- P3 Project documentation
- The legal puzzle
- Rating agencies for debt
- Loan syndication
Day 6
- Emerging markets and Project Finance
- P3 Project-Financing transactions in emerging markets- Comsigua
- Concession financing, political risk
Day 7:Term Sheets
- Greenfield projects
- Term sheet examples,actual deals
Day 8:Student Day
- General
Day 7:Wrap up and Quiz
- Wrap up and second quiz