Accueil > A Pratical Guide to Project Finance

OEBU 2100A - A Practical Guide to Project Finance

Type d'enseignement : Elective

Semester : Autumn 2017-2018

Number of hours : 12

Language of tuition : English

Pre-requisite

Accounting, Financial Analysis, Modeling cash flow forecasts on an excel spreadsheet.

Course Description

The aim of this course is to provide each student with a practical view on Project Finance structuring. We will start by highlighting the specifics of Project Finance versus Corporate finance (or public funding) of infrastructure projects. We will then move on understanding the methodology applicable in Project Finance: how to allocate risks between the parties, how to size debt for the project. Practical case studies in the infrastructure, power (renewables and thermal) as well as oil & gas will illustrate the presentation. Return on experience will be presented with a focus on what can go wrong in a project.

Teachers

WRIGHT BELOUZE, Virginia (Teacher - Business Management, Ermitage International School of France, 20 years' experience in Project Finance – investment banking and industry)

Pedagogical format

Several case studies selected out of various sectors (Power generation, Infrastructure & Public Private Financing, Natural resources).

Course validation

A final exam in class - 50%; continuous assessment (quiz and participation in class) – 25% ; individual homework - 25%.

Workload

6 seminars of two hours each (12 hours). Credits: 2.

Required reading

  • Rating Criteria for Infrastructure and Project Finance (www.fitchresearch.com)
  • or equivalent document from Standard & Poors, Moody's
  • Robert Bain "Toll road traffic & revenue forecasts"