課程信息
4.8
508 ratings
164 reviews
Learn how debt and equity can be used to finance infrastructure investments and how investors approach infrastructure investments! According to the OECD, the global infrastructure investment requirement by 2030 for transport, electricity generation, transmission & distribution, and water & telecommunications totals to 71 trillion dollars. This figure represents about 3.5% of the annual World GDP from 2007 to 2030. The European Commission estimated, that by 2020, Europe will need between 1.5 - 2 trillion Euros in infrastructure investments. Between 2011 and 2020, about 500 billion Euros will be required for the implementation of the Trans-European Transport Network (TEN-T) program, 400 billion Euros for Energy distribution networks and smart grids, 200 billion Euros on Energy transmission networks and storage, and 500 billion Euros for the upgrade and construction of new power plants. An additional 38 - 58 billion Euros and 181 - 268 billion Euros in capital investment will be needed to achieve the targets set by the European Commission for broadband diffusion. Traditionally investments in infrastructure were financed using public sources. However, severe budget constraints and inefficient management of infrastructure by public entities have led to an increased involvement of private investors in the business. The course focuses on how private investors approach infrastructure projects from the standpoint of equity, debt, and hybrid instruments. The course concentrates on the practical aspects of project finance: the most frequently used financial techniques for infrastructure investments. The repeated use of real life examples and case studies will allow students to link the theoretical background to actual business practices. In the end of the course, students will be capable of analyzing a complex transaction, identifying the key elements of a deal, and suggesting proper solutions for deal structuring from a financial advisor's perspective. Course Format The course will consist of lecture videos, readings, and talks given by guest speakers. Although we do hope you will attend the entire course, it is possible to just focus on single topics. Suggested Readings The course is designed to be self-contained, there are no obligatory readings that must be acquired outside of the course. For students interested in additional study material, you may refer to: • Gatti Stefano, "Project Finance in theory and practice", Academic Press, 2nd edition, 2012....
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100% 在線課程

立即開始,按照自己的計劃學習。
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建議:6 weeks of study, 1-2 hours/week

完成時間大約為16 小時
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您將獲得的技能

Capital BudgetingRisk AnalysisProjectFinance
Globe

100% 在線課程

立即開始,按照自己的計劃學習。
Calendar

可靈活調整截止日期

根據您的日程表重置截止日期。
Clock

建議:6 weeks of study, 1-2 hours/week

完成時間大約為16 小時
Comment Dots

English

字幕:English

教學大綱 - 您將從這門課程中學到什麼

1

章節
Clock
完成時間為 2 小時

Project Finance and the Network of Contracts

Module 1 explores the nature of project finance as a nexus of contracts. We will analyze the nature of the SPV (Special Purpose Vehicle) as an empty shell and the key contracts surrounding it (project contracts and financial contracts). ...
Reading
9 個視頻(共 50 分鐘), 5 個閱讀材料, 1 個測驗
Video9 個視頻
1.1 - Project Finance and the Network of Contracts Introduction3分鐘
1.2 - What Is Project Finance?8分鐘
1.3 - Financial Contracts: Shareholder6分鐘
1.4 - Financial Contracts: Lenders4分鐘
1.5 - Metro 5 #15分鐘
1.6 - Industrial Contracts6分鐘
1.7 - Metro 5 #28分鐘
1.8 - Module 1 Takeaways2分鐘
Reading5 個閱讀材料
Additional Material10分鐘
Grading Policy10分鐘
SLIDE SET WEEK 110分鐘
About Quizzes - Read Carefully10分鐘
Quiz 1 - ProjectCo Case10分鐘
Quiz1 個練習
Project Finance and the Network of Contracts20分鐘

2

章節
Clock
完成時間為 1 小時

Syndicate

Module 2 analyzes the relationship between the SPV and its lenders. We will start from the introduction of what a syndicate is looking at the different roles performed by banks in a syndicate and the options available to organize such a syndicate. We will also look at the cost paid by the SPV for the organization of the financing and reflect on how the recent financial crisis has reshaped the syndicated loans market....
Reading
7 個視頻(共 56 分鐘), 1 個閱讀材料, 1 個測驗
Video7 個視頻
2.2 - What Is a Syndicate?10分鐘
2.3 - What Roles Do Banks Perform?7分鐘
2.4 - Which Syndication Strategy Can Be Used?10分鐘
2.5 - How Much Does the Customer Pay?15分鐘
2.6 - How Has the Financial Crisis Reshaped the Market?7分鐘
2.7 - Takeaways2分鐘
Reading1 個閱讀材料
SLIDE SET WEEK 210分鐘
Quiz1 個練習
Syndicate20分鐘

3

章節
Clock
完成時間為 1 小時

Risk Analysis

Module 3 introduces the topic of risk in infrastructure financing. We will introduce a possible risk taxonomy (pre-, post-, and both pre- and post-completion risks) useful for analyzing risk as a preliminary step for its allocation to the parties best able to manage and control risk. Our final learning outcome will be the preparation of a risk matrix for an infrastructure project....
Reading
6 個視頻(共 40 分鐘), 1 個閱讀材料, 1 個測驗
Video6 個視頻
3.2 - Risk Taxonomy8分鐘
3.3 - Pre-Completion Risks6分鐘
3.4 - Post-Completion Risks7分鐘
3.5 - Risks Common to Both Phases9分鐘
3.6 - The Risk Matrix and Takeaways6分鐘
Reading1 個閱讀材料
SLIDE SET WEEK 310分鐘
Quiz1 個練習
Risk Analysis20分鐘

4

章節
Clock
完成時間為 1 小時

Capital Budgeting

Module 4 introduces capital budgeting of infrastructure deals. Firstly, we will present the key elements making up the budget of the construction phase and the sources of finance used for the construction of said infrastructure. We will then move on with the analysis of the budgeting of the operational phase pointing our attention to the sources and uses of funds. Special care will be given to the analysis of the system of reserve accounts of the SPV. ...
Reading
7 個視頻(共 53 分鐘), 1 個閱讀材料, 1 個測驗
Video7 個視頻
4.2 - Setting Up The Construction Phase Budget9分鐘
4.3 - How to Finance Construction6分鐘
4.4 - Exercise #1: Construction Phase Budgeting10分鐘
4.5 - Setting up the Operational Phase Budget8分鐘
4.6 - Exercise #2: Operational Phase Budgeting12分鐘
4.7 - Takeaways2分鐘
Reading1 個閱讀材料
SLIDE SET WEEK 410分鐘
Quiz1 個練習
Capital Budgeting20分鐘
4.8
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創建者 CYNov 3rd 2017

Great course and great professor! I think this really helps me to understanding the fundamental knowledge of project finance. I think the additional study materials are really worth reading!

創建者 JMOct 5th 2016

Excellent course !!! Provides useful insights into the Infrastructure/Project Finance. Professor has dealt the subject in such a lucid and measured way that it was heart filling experience.

講師

Stefano Gatti

Director
Full Time MBA, SDA Bocconi School of Management

關於 Università Bocconi

Our ambition is to develop students' potential and foster knowledge in Business, Economics and Law through innovative learning and research activities in a multicultural environment. Bocconi is a community that constantly innovates teaching and learning technologies and that strongly believes in the power of life-long learning and networking. Now available online....

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