Table of Contents
- What is Project Finance?
- Before We Begin – Download the Free Excel Template
- Video 1: Introduction
- Video 2: Project Finance Primer
- Video 3: Course Overview
- Video 4: Timeline and Process
- Video 5: Timeline and Process, Part 2
- Video 6: Construction and Operations Calculations
- Video 7: Negotiations & Optimizations
- Conclusion & Next Steps
What is Project Finance?
Welcome to Wall Street Prep’s free online course on Project Finance!
Project finance refers to the funding of large, long term infrastructure projects such as toll roads, airports, renewable energy using a non-recourse financing structure, which means that debt lent to fund the project is paid back using the cash flows generated by the cash flows generated by the project.
Course objectives: We created this course to provide students and finance professionals pursuing a career in project finance with an understanding the role and interests of the typical participants project finance transaction, key debt and cash flow metrics such as CFADS, DSCR & LLCR, as well as equity return calculations. We hope you enjoy – let’s begin!
Before We Begin – Download the Free Excel Template
Video 1: Introduction
This is the first part of a 7 part series, where you will learn about the basics of project finance analysis. Using Heathrow’s expansion of a third runway, we will walk through the basics of a project finance transaction, key debt, and cash flow metrics, as well as return calculations and common scenarios used to support negotiations.
Video 2: Project Finance Primer
In part 2, you’ll learn the basics of a typical project finance transaction, as well as key project finance jargon and terminology, such as SPV, PPP, CFADS, DSCR, EPV, EPC, DSRA, P90/P50.
Video 3: Course Overview
In part 3, we introduce our project finance case study: Heathrow Airport’s expansion of a third runway.