The aim of the Course is to:
- provide an overview of how this type of financing is implemented;
- have an appreciation of how infrastructure financing plays a crucial role in emerging markets;
- typical issues that arise (which would be presented and discussed via simulated case studies – case studies would be in the Power, Metro, Solar Renewable, and Road Projects);
- provide the uniqueness of a Public-Private Partnership (PPP) Projects and Infrastructure Projects implemented by Special Purpose Vehicles (SPVs);
- provide not just academics but draw from real life situations – by an industry professional who has been both a senior banker and then Head of Project Finance (a top-management position) of one of the largest Conglomerate in the space of infrastructure development in India;
- acquire skills to identify, manage/mitigate and contract ‘risks’ associated with such Projects;
- understanding the contractual structure of such projects and the requirements from both lenders and developer/sponsors’ perspective;
- grapple with typical covenants (commercial terms) attached to such financing – the Class will ‘role play’ and discuss negotiate a typical Term Sheet (the Class would also be provided a session on negotiation strategy)
- The topics that would be covered in the Course is indicated at Appendix.
The major issues broadly in such financing are:
- How is the viability of the Project determined and from whose point of view?
- What are the various ‘risks’ and how it is managed?
- Full Recourse or Limited Recourse or No recourse financing Models
- What goes into determining the Project Cost and what are the financing Options