TY - CONF T1 - Project Finance: Challenges and Trends T2 - 10ª Conferência Internacional da LARES Y1 - 2010 A1 - Júlio César Bueno KW - Brazil KW - contracts KW - Financing KW - Infrastructure KW - Project Finance AB -

Project Finance is usually defined as the financing of long-term infrastructure, industrial projects and public services based upon a non-recourse or limited recourse financial structure where project debt and equity used to finance the project are paid back from the cash flow generated by the project. In this context, it represents a financing technique which generally allows a company to raise funds to set up a project based on the feasibility of such a project and its ability to generate revenues at a level sufficient to cover construction and operational costs, as well as debt service and a return for the investor.

The viability of the Project Finance model, in short, is based on the consistency and efficiency of its network of agreements. Such documents must be structured and negotiated in a consistent manner with the respective legislation applicable in the jurisdictions involved, and be constructed in such a way as to allow full implementation of their respective terms and conditions, notwithstanding the natural complexity of the same, in a form which will satisfactorily identify, mitigate, allocate and allow the adequate management of the various risks involved in the Project Finance.

JA - 10ª Conferência Internacional da LARES T3 - LARES CY - São Paulo J1 - 10aLARES ID - oai:lares.id:lares-2010-artigo-488-514-1-sp M3 - 10.15396/lares-2010-artigo-488-514-1-sp ER -