Welcome to the training course on project finance.

This training course is presented in five chapters, each of which treats a specific part of the project finance process. The individual chapters cover the following topics:

■   Overview of project finance

■   Understanding key project risks

■   Evaluating project

■   Contractual framework

■   Project financing in the economy

Appendices and a glossary complete the synopsis.

This synopsis aims to explain the background and raison d'être of project finance as one of the mechanisms of the capital markets to provide finance to large scale projects, the players and mechanics in project financing, and the various sources of finance available in project finance.

We believe that this synopsis will be informative and instructional, and an indispensable aid to persons seeking to understand this important area of banking and finance.