Course description
IJGlobal Masterclass in Infrastructure and Project Finance
Enhance your chances of making the right decisions and reaching the most favourable outcomes among the potential pitfalls of infrastructure and project finance.
Over 6 weeks you will thoroughly understand the process of financing infrastructure projects. Each week you’ll work through the different elements of project financing, accessing curated content from IJGlobal and Euromoney Learning, including on-demand content by, and video interviews with, industry expert contributors, articles, case studies and activities. At the close of each week, you’ll join a live session hosted by the Masterclass Director to ask any questions you have and consolidate your learning.
Approach the development and structuring of project financing with increased confidence with this 6-week, self-paced Masterclass.
Training content
Week One: First Principles of Project Finance and Risk Analysis
- Basic structure of project finance and aims of a project finance structure
- Characteristics and suitable applications of project finance
- Telling the project finance story
- Repayment profiles:
- Full Amortisation
- Part Amortisation
- Bullet Repayments
- Project Finance v Corporate Structures
- Intercreditor Issues
- Senior, Subordinate, Mezzanine, Hybrid Financing or Holdco Debt
- Sharing the risk and how to get the best out of your insurers
- A typical package of project insurances construction phase and operations phase
- Areas where insurance can make the critical difference and bespoke underwriting
Week Two: Commercial and Other Debt Financiers
- Banks-who is interested and what sort of risks they will look to take on, including post pandemic reappraisals
- Institutional investors in debt: a growing market and how do they differ from banks?
- The capital markets, a practical option?
- Dealing with ratings agencies:
- Value of a Credit Rating
- History of Credit Rating Agencies and how they operate now
- Who are the Credit Rating Agencies and how do they differ?
- When to get a credit rating and what do you want rated?
- How to get the most out of your credit rating experience
- Once you have a credit rating, what do you do with it?
- Typical bilateral agencies, export credits and the consensus
- Multilaterals
Week Three: A Guide Through the UK Corridors of Power
- PPP to PFI to PF2 to PPP again?
- Partnerships UK to Infrastructure UK toThe Infrastructure and Project Authority
- The UK Green Investment Bank and the UK Infrastructure Bank
- Approaching the National Infrastructure Commission?
- The Role of the European Investment Bank
- Lessons Learned:
- What worked, didn’t work and why?
- What are the politics involved?
Week Four: The International Infrastructure Markets
- The UK a trailblazer of PPP and the perception of the concept outside the UK?
- Who are the beasts of PPP internationally?
- Which countries are most open to international involvement in their infrastructure?
- The best bets-the most reliable tendering process and the best legal framework and jurisdictions
- Where should the well-informed international project sponsor be going to the expense of tendering and in which sector?
- Prospects for projects outside the UK
Week Five: Stakeholder Balance and ESG
- The politics of Infrastructure
- Understanding the stakeholder landscape
- Stakeholder engagement: to inform, engage or consult?
- The rise of ESG
- Unpacking the E, S and G
Week Six: Project Finance for the Digital Economy
- Green funding
- New sectors using project finance
- Renewables risks -what risks will the debt providers accept?
- Which renewable sectors are attractive to debt providers?
- Future Trends: where is the market heading?
Costs
Course fee: £1395 + VAT
Certification / Credits
Learning Outcomes
By the end of the course, you will:
- Have mastered the basic structuring of a limited recourse project financing and have become familiar with the in-sector buzzwords and jargon;
- Be confident in where to find potential sources of finance for a project and how to approach them;
- Understand the different types of project financing, the implications these have for raising finance and in particular the relative appetites of different providers of debt for them;
- Have become familiar with the evolving approach taken by governments in respect of awarding and financing infrastructure projects and how to approach the development and financing of those projects with the greatest chances of success;
- Know how to identify those markets with the most credible opportunities in project and infrastructure finance and be able to make a reasoned decision on whether or not to pursue project opportunities in foreign jurisdictions;
- Be able to analyse and allocate risks arising in a project financing structure and, in particular, understand the most cost-effective way of laying off risks to the project insurers;
- Be able to understand the competing interests of the wider stakeholder group and understand how to develop a project while maintaining high ESG standards; and
- Be updated with the latest directions in and developments of project finance, in particular relating to renewables and digital infrastructure, thereby helping effectively target marketing efforts.
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Euromoney Learning
At Euromoney Learning, we understand that learning doesn’t start and end when you leave the classroom. We know that the financial markets never stand still, and that technology has both simplified and added complexity at a break-neck pace. That’s why...