Delivered at:: Department of Finance

Course type:: Elective course

When:: 2 year, 2 module

Abstract

The discipline aims to provide knowledge of the approaches used in organising the financing of capital-intensive investment projects. Emphasis is placed on the choice of sources of project finance, analysis of risks associated with the source, on determining the relationship of the parties involved in the process of project finance. Students will gain experience in structuring investment projects and will be able to comprehensively apply previously acquired knowledge in financial analysis, marketing, financial management, risk management and other studied disciplines. The course is based on a large number of examples from Russian and international practice of project finance, and business cases related to justification of the source of project finance are expected to be solved

Learning Objectives

Know the theoretical foundations of project financing
Be able to analyze and draw conclusions about the feasibility and effectiveness of project financing
Learn to structure PF transactions taking into account systemic capabilities with the participation of government agencies

Expected Learning Outcomes

Know the basic principles and concepts of project financing
Know the main partners and contractors of the project company, be able to form the architecture of project financing
Know the main instruments of project financing
Be able to calculate the effectiveness of the project
Determine the need for project financing
Be able to analyze and select the optimal ones as a result of the analysis
Know the basic principles and tools of bank project financing
Determine the main directions of credit and collateral monitoring
Know the main directions of analysis of the project company-borrower
Determine what the decision to finance the project will be
Know the main risks of project financing and tools for reducing them
Know the main forms of interaction between the state and the private sector in project financing
Be able to distinguish between PPP and concession
Describe the Project Finance Factory

Course Contents

Definitions and Principles of Project Finance. Geographical overview
Project Company and its' relationship with counterpartners,Financial architecture of Project Finance
Multiple instruments of Project Finance and analyzes of their effectiveness
Effectiveness of Projects, definition of Project Finance scale
Banking Project Finance –instruments and effectiveness. Credit and Pledge Monitoring
Credit analyzes of borrower – project company
Risks of project finance
State and Private Partnership and concessions

Assessment Elements

Attending lectures
Attendance at lectures, concentration on the topic under discussion, interactive interaction with the teacher.
Test
The purpose of the test is to assess knowledge on topics covered during the course.
Case
An individual assignment designed to enable students to apply knowledge gained in the course to solve real-world problems. The case must be completed during the workshop and will be collected through SmartLMS. Detailed instructions will be provided to students during the course.
Exam
The final exam is a test with questions that cover the entire course. Conducted offline in the classroom

Interim Assessment

2023/2024 2nd module
0.1 * Attending lectures + 0.3 * Case + 0.3 * Exam + 0.3 * Test

Bibliography

Recommended Core Bibliography

Проектное финансирование : учебное пособие / М. В. Аликаева, М. Б. Ксанаева, Б. В. Казиева [и др.]. — Нальчик : КБГУ, 2019. — 135 с. — Текст : электронный // Лань : электронно-библиотечная система. — URL: https://e.lanbook.com/book/170855 (дата обращения: 00.00.0000). — Режим доступа: для авториз. пользователей.

Recommended Additional Bibliography

Проектное финансирование: синергетический аспект - Поташева Г.А. - НИЦ ИНФРА-М - 2019 - https://znanium.com/catalog/product/1015077 - 482065 - ZNANIUM

Master’s Programme 'Finance'

Professional and Society Accreditation 2018

EPAS accredited

Contacts

Project Financing

Course Syllabus