Project Evaluation and Financing - MIT OpenCourseWare
Project Evaluation and Financing - MIT OpenCourseWare
Project Evaluation and Financing - MIT OpenCourseWare
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Main Features<br />
<strong>Project</strong> <strong>Financing</strong><br />
Economically separable capital investment<br />
Cash Flow of the project the main source of the capital recovery<br />
Assets of the project is the only source used as collateral<br />
No recourse to the assets of sponsoring companies. Unless<br />
specifically required in the contract<br />
Debt serving has priority over investors equity<br />
During construction, interests on debt is accumulated as part of the<br />
debt.
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