FIN 627 - Project Finance

The course will provide students with an understanding of a fast growing area of project finance. It deals with the planning, budgeting and financing of major capital investment and improvement projects including infrastructure projects. Pipeline construction, refineries, power plants, hydroelectric, mining, real estate developments, dock facilities, airports, highways, bridges and tunnels, public utilities, environmental investments and other public works are the examples of the types of projects examined. Since the amount of capital required for these projects is generally very large and the risk very high, the course will discuss extensively the access to private capital markets, domestic and international loan and grant programs in addition to the usual municipal bond markets and how risk is allocated. Cases will be used to examine, analyze, and expand the understanding of various issues associated with project financing.
Lecture
Credits: 3
Prerequisite: MBA 550