Inside Project Finance

Understanding How Large-Scale Infrastructure Projects Are Evaluated, Financed & De-risked

What you'll learn

Gain a Clear Understanding of Project Finance Fundamentals

Explore the Structure and Key Participants in a Project Finance Transaction

Understand the Concept and Role of Financial Modelling and Risk Assessment

Familiarize Yourself with the Lifecycle of Infrastructure Projects

Learn How Risks Are Identified, Allocated, and Mitigated in Project Finance

Requirements

You do not need prior experience in project finance. The course is designed to introduce the subject from the ground up.

Description

Project Finance plays a pivotal role in enabling the development of large-scale infrastructure projects such as roads, airports, power plants, and renewable energy installations. Unlike traditional corporate finance, project finance relies on the cash flows generated by the project itself, making the structure, risk allocation, and financial viability critically important.Inside Project Finance is a concept-driven course that introduces learners to the essential building blocks of project finance. Whether you're a student, early-career professional, or simply curious about how complex infrastructure deals are structured and financed, this course offers clear, practical insights without requiring prior experience in the field.Participants will explore the lifecycle of a project—from conceptualization and feasibility studies to financial structuring, execution, and operations. You’ll learn about Special Purpose Vehicles (SPVs), debt-equity structuring, concession agreements, key financial metrics like DSCR and IRR, and the importance of security mechanisms such as escrow accounts and debt reserve buffers.Risk identification and mitigation is another key focus, covering everything from construction and land acquisition to operational and market risks.Designed in a clear, example-led format, this course builds your understanding step by step, using real-world illustrations to make each concept memorable. By the end, you'll have a solid grasp of how infrastructure projects are evaluated, financed, and made bankable.

Overview

Section 1: Introduction

Lecture 1 Introduction

Section 2: Understanding the basics of Project Finance

Lecture 2 What is Project ?

Lecture 3 Definition of Project Finance

Lecture 4 Structure of Project Finance

Section 3: Key Activities in Project - Project Finance Perspective

Lecture 5 Phase 1 - Project Identification & Feasibility Study

Lecture 6 Phase 2 - Financial Modelling & Risk Assessment

Lecture 7 Phase 3 - Financing & Contract Negotiation

Lecture 8 Phase 4 / 5 / 6 - Construction Phase / Operational Phase / Monitoring

Section 4: Steps to Secure Project Finance from Lenders

Lecture 9 Initial Discussion with the Lenders

Lecture 10 Due Diligence

Lecture 11 Risk Assessment, Negotiation, Credit Approval, Disbursement and Monitoring

Section 5: Key Financial Metrics used in Project Finance

Lecture 12 Debt Service Coverage Ratio (DSCR)

Lecture 13 Fixed Asset Coverage Ratio

Lecture 14 Long Term Debt / EBITDA & TOL/TNW

Lecture 15 Stress testing by Sensitivity Analysis

Section 6: Security Structure in Project Finance

Lecture 16 Project Assets

Lecture 17 Assignment of Contracts

Lecture 18 Pledge of Shares

Lecture 19 Escrow Account

Lecture 20 Creation of DSRA (Debt Service Reserve Account)

Lecture 21 Sponsor Undertaking and Covenants & Conditions

Section 7: Risk Management in Project Finance

Lecture 22 Types of Risk

Lecture 23 Construction Risk

Lecture 24 Land Procurement Risk

Lecture 25 Sponsor Risk and Financing Risk

Lecture 26 Interest Rate Risk

Lecture 27 Operational Risk, Offtake Risk and Market Risk

Lecture 28 Regulatory Risk and Technology Risk

Lecture 29 Force Majeure Risk

Section 8: Test

Section 9: Assignment

Graduate and postgraduate students in finance, commerce & economics,Early-career professionals in banking, consulting, infrastructure development, credit analysis,Anyone curious about how large-scale projects are evaluated, financed, and structured