The minimisation of risks in project finance: approaches to financial modelling and structuring

Abstract

Complex investment projects require detailed and thorough analysis of numerous aspects and proper actions taken on all stages of their development. The article considers peculiarities of project finance, major risks of projects for the main participants, provides practical recommendations on approaches to project financial models, and brief review of recourse and debt service undertaking mechanism. The article is the result of practical experience and analysis of the problems of project finance based on implementation of the largest investment projects.