DATES: JUL 25 - 29, 2016    
       
TUITION: $1995
       

 

 

 

 

Overview

This course provides an introduction to: (1) the basic concepts and techniques of project finance; (2) the current application of these techniques to the funding of PPP and other projects in infrastructure and other key economic sectors. It will focus on areas critical to the success and sustainability of major projects and will combine lectures with case studies to illustrate key concepts and techniques. Topics considered will include those listed below.

 

Course Outline

  

Structure and Basic Technique

  • The concept of project finance
  • Legal structures and basic documentation
  • Stages of a project finance transaction
  • Critical role of project preparation, risk analysis and due diligence

 

How to Negotiate Bankable Project Documents

  • The concept of bankability
  • Dealing with lender concerns
  • Identification and negotiation of key contract clauses

 

Arranging Finance

  • Sources of finance
  • The role of public sector lenders (MDB’s, ECA’s and DFI’s)
  • Providing credit support and security for loans
  • Developing a finance plan

 

Financial Documentation

  • The basic loan agreements
  • Ancillary loan documentation: common agreement; project accounts; security documents; and intercreditor agreement

 

Dealing with Critical Non-Financial Issues

  • Procurement
  • Environment
  • Resettlement
  • Human rights
  • Corruption

 

Renegotiation, Restructuring and Dispute Settlement

  • Reasons project finance transactions encounter problems
  • The workout process: standstill concept
  • The special problems of project finance dispute settlement

 

Course Advisor

John M. Niehuss is Director of ILI's Private Investment in Infrastructure Center. He has been involved in international financial and investment transactions for over 40 years as a practicing lawyer, World Bank staff member, US Treasury Department official, investment banker, and General Counsel of the Inter-American Development Bank and the U.S. Export-Import Bank. He also serves as an adjunct faculty member at the University of Michigan Law School and at the Peking University School of Transnational Law in Shenzhen, China.