PROJ_MGT 475: Project Finance

Quarter Offered

Fall : M 6:30-8:00pm ; Kevin Croke and Jonathan Blackburn


The objective of this course is to explore the structure and methods of financing infrastructure projects. Project finance refers to the financing of major capital investments in which the sponsoring company or authority has segregated the security for the project assets from its general purpose obligations. It is employed primarily in the financing of major infrastructure facilities, such as tollways, power plants, water supply systems, and public transportation. Due to the many risks inherent in employing project finance, the crucial element required to enable the project to go forward is often the proper allocation of risk. Using case analysis, this course will focus on methods for the valuation of projects employing project financing and approaches to the allocation of risks among the many participants in such projects.

Course Description