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|FINC 564 - Project Finance|
Project finance is an approach that uses the cash flows generated by a new project to repay the debt used to construct the project, and to provide a return to the equity investors in the project. Project finance debt is typically borrowed on a non-recourse or limited-recourse basis in which the cash flows generated by the project, and the assets of the project, serve as the collateral for the lenders. This approach enables large projects to be financed that otherwise would be too large, or represent too much of a resource allocation, for individual corporations and host governments. This course provides a presentation of the current state of project finance, and the use of the project finance approach to finance energy and infrastructure projects. A special focus of the course will be on the use of project finance to support projects in emerging markets given the applicability of this approach to provide the financing necessary to meet the needs for investment in infrastructure. The course will provide a comprehensive examination of the current global "best practices" in project finance. To accomplish its objectives, the course will use Harvard Business School, and other business school cases, that will serve to illustrate and bring to life the subject areas covered in the lectures. The cases selected will highlight the major issues in project finance.
1.500 Credit hours
1.500 Lecture hours
0.000 Lab hours
Levels: MN or MC Graduate, Juris Doctor, Undergraduate
Schedule Types: Lecture