About The Course
This program will give master applied and down to earth bits of knowledge on the subtleties of venture organizing and financing systems arrangement of DPRs cost estimations and guaging money related demonstrating for venture financing hazard moderation approaches introduction of proposition to banks moneylenders evaluation transaction of term sheets foundation financing structure designer is hazard and return point of view and complexities of framework financing term sheets.
During the Project and Infrastructure Financing
After the completion of ' Project and Infrastructure Financing' at GKLM Tech you should be able to understand the following:
1. Introduction to Project and Infrastructure finance. Knowing the vocabulary of project finance.
2. The Syndication Process.
3. Risk analysis and allocation from the perspective of a private investor.
4. Capital budgeting for infrastructure investment.
5. Assessing financial sustainability of an infrastructure project.
6. Recent evolution in the infrastructure finance market.
- Introduction to Project and Infrastructure Finance
Learning Objectives This module provides an instruction to the world of project financing. A typical project comprises of a network of contracts which cover execution in each phase of the project. The contracts are explained along with the key driver such that as an advisor one is aware of who does what and when.
Topics The Contractual Network Project Finance vs. Corporate Finance Financial Contracts Equity contribution agreement Financial Contracts Loan / Bond covenants Industrial Contracts.
- The Syndication Process
Learning Objectives This module introduces the use of bank syndication as a vehicle to fund most infrastructure projects. It establishes the roles and responsibilities of each bank in the syndicate and shows the split of fee between the mandated lead arranger vs. other banks. Finally it shows how the 2008 economic crisis changed the dynamics of this mode of financing.
Topic Definition of a syndicate Role of banks Syndication strategies and how they are used How much does the customer pay The crisis and how it reshaped the market.
- Risk Analysis and Risk Allocation
Learning Objectives This module covers the concept of project finance as a bulk of risk. A project is broken into two phases with each phase having typical risks associated with them. The contractual network helps definition of each phase. The outcome is a risk matrix which shows which party bears the risk and why.
Topics Need for risk management Mapping risk: Risk taxonomy Pre completion risk: Technology and construction Post completion risk: Supply risk operational and performance risk demand risk Risks found in both phases Risk matrix.
- Capital Budgeting
Learning Objectives This module shows the basic analysis of cash flows construction phase and how this bulk of money will be financed operational phase and how much cash will be generated.
Topics Features of an infrastructure project Setting up the construction phase budget Financing construction: Equity contribution base facility VAT facility stand by facility and working capital facility Setting up the budget of the operational phase.
- Financial Sustainability of an Infrastructure Project
Learning Objectives Investors assess projects in terms of profitability which is measured through specific IRRs. Assessing creditor profitability along with financial stability is essential. The module covers measures like DSCR; point measures and LLCR; summary measures.
Topics Profitability for shareholders Profitability for creditors From profitability to Financial stability Cover Ratios and their calculation
- Technical Aspects of Loan Agreements
Learning Objectives This module describes composition of a security package; emphasizing the cash based nature of a deal. It explains covenants: positive negative and financial along with materiality test. Finally it concludes with loan amortization and its tailoring.
Topics Security package for project lenders Covenants of Credit Agreement Loan Amortization Amortization methods and applicability.
At the end of your course you will work on a real time Project. You will receive a Problem Statement along with a dataset to work.
Once you are successfully through with the project reviewed by an expert you will be awarded a certificate with a performance based grading.
If your project is not approved in 1st attempt you can take additional assistance to understand the concepts better and reattempt the Project free of cost.