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Course 2018-2019 a.y.

30179 - INTERNATIONAL PROJECT FINANCE

Department of Finance

Course taught in English


Go to class group/s: 31

CLEAM (6 credits - I sem. - OP) - CLEF (6 credits - I sem. - OP  |  SECS-P/09) - CLEACC (6 credits - I sem. - OP  |  SECS-P/09) - BESS-CLES (6 credits - I sem. - OP  |  SECS-P/09) - WBB (6 credits - I sem. - OP  |  SECS-P/09) - BIEF (6 credits - I sem. - OP  |  SECS-P/09) - BIEM (6 credits - I sem. - OP  |  SECS-P/09) - BIG (6 credits - I sem. - OP  |  SECS-P/09)
Course Director:
CHIARA PALMIERI

Classes: 31 (I sem.)
Instructors:
Class 31: CHIARA PALMIERI


Prerequisites

Being able to read and interpret a financial statement.


Mission & Content Summary
MISSION

The course has the goal to analyze the reasons why some project financing have succeeded while others have failed.

CONTENT SUMMARY

The course gives detailed information on:

  • The differences between corporate finance and project finance.
  • The main actors involved in a project financing. 
  • The financial viability of project financing and the main risk present in a project.
  • The financial planning in project finance.
  • How to prepare cash flow projections and use them to measure expected rates of return.
  • Legislative previsions, public/private infrastructure partnerships, public/private financing structures.
  • Credit requirements of lenders, and how to determine the borrowing capacity of the project.
  • Tax and accounting considerations.

Intended Learning Outcomes (ILO)
KNOWLEDGE AND UNDERSTANDING
At the end of the course student will be able to...

Understand:

  • The differences between corporate finance and project finance.
  • The main actors involved in a project financing.
  • The financial viability of project financing and the main risk present in a project.
  • The financial planning in project finance.
APPLYING KNOWLEDGE AND UNDERSTANDING
At the end of the course student will be able to...
  • To do a financial plan for a spv.
  • To assess a project of a spv.
  • To prepare financiail projections.
  • To determine the borrowing capacity of the project.

Teaching methods
  • Face-to-face lectures
  • Guest speaker's talks (in class or in distance)
  • Exercises (exercises, database, software etc.)
  • Case studies /Incidents (traditional, online)
DETAILS
  • Exercises: exercises aimed to understand logics and calculations skills.
  • Business Cases: examples of real cases to be developed.
  • External speakers: attendance of external speakers expert in the field.

Assessment methods
  Continuous assessment Partial exams General exam
  • Written individual exam (traditional/online)
  •     x
    ATTENDING AND NOT ATTENDING STUDENTS

    Written exam, with 5/6 multiple-choice questions and one/two exercise(s) with open questions. Length: 1 hour.


    Teaching materials
    ATTENDING AND NOT ATTENDING STUDENTS

    Slides projected in class. The students can refer for some contents to some sections included in the books:

    • J.D. FINNERTY, Project Financing, Wiley. 
    • S. GATTI, Project Finance in Theory and Practice, Elsevier AP.
    Last change 02/06/2018 21:27

    BEMACS (6 credits - I sem. - OP  |  SECS-P/09)
    Course Director:
    CHIARA PALMIERI

    Classes: 31 (I sem.)
    Instructors:
    Class 31: CHIARA PALMIERI


    Prerequisites

    Being able to read and interpret a financial statement.


    Mission & Content Summary
    MISSION

    The course has the goal to analyze the reasons why some project financing have succeeded while others have failed.

    CONTENT SUMMARY

    The course gives detailed information on:

    • The differences between corporate finance and project finance.
    • The main actors involved in a project financing.
    • The financial viability of project financing and the main risk present in a project.
    • The financial planning in project finance.
    • How to prepare cash flow projections and use them to measure expected rates of return.
    • Legislative previsions, public/private infrastructure partnerships, public/private financing structures.
    • Credit requirements of lenders, and how to determine the borrowing capacity of the project.
    • Tax and accounting considerations.

    Intended Learning Outcomes (ILO)
    KNOWLEDGE AND UNDERSTANDING
    At the end of the course student will be able to...

    Understand:

    • The differences between corporate finance and project finance.
    • The main actors involved in a project financing.
    • The financial viability of project financing and the main risk present in a project.
    • The financial planning in project finance.
    APPLYING KNOWLEDGE AND UNDERSTANDING
    At the end of the course student will be able to...
    • To do a financial plan for a spv.
    • To assess a project of a spv.
    • To prepare financiail projections.
    • To determine the borrowing capacity of the project.

    Teaching methods
    • Face-to-face lectures
    • Guest speaker's talks (in class or in distance)
    • Exercises (exercises, database, software etc.)
    • Case studies /Incidents (traditional, online)
    DETAILS
    • Exercises: exercises aimed to understand logics and calculations skills.
    • Business Cases: examples of real cases to be developed.
    • External speakers: attendance of external speakers expert in the field.

    Assessment methods
      Continuous assessment Partial exams General exam
  • Written individual exam (traditional/online)
  •   x x
    ATTENDING AND NOT ATTENDING STUDENTS

    Written exam, with possibility of two partial exams.

    • First partial: made up of about 6/7 multiple-choice questions and one/two exercise / open questions (maximum grade 16): length: 45 minutes.
    • Second partial exam: the same as the first partial.

    It is possible to sit for a general exam made up of the sum of the two intermediate exams, length: 45+45 minutes, grade is the sum of single grades (16+16 maximum) = 90 minutes.


    Teaching materials
    ATTENDING AND NOT ATTENDING STUDENTS

    Slides projected in class. The students can refer for some contents to some sections included in the books:

    • J.D. FINNERTY, Project Financing, Wiley
    • S. GATTI, Project Finance in Theory and Practice, Elsevier AP.
    Last change 02/06/2018 21:32