大型專案財務學

Purpose This course introduces fundamental concepts and practices of project finance, with a special focus on large engineering and infrastructure projects. The primary purposes of this course are: • To introduce project financial modeling and evaluation • To introduce the development and management of major infrastructure projects from a financial perspective • To introduce project company structures and contracts • To introduce project risk management • To introduce key project advisors • To introduce project contract design • To introduce project financial structuring • To introduce the governance of project company default risk Course Outline To achieve these purposes, this course is organized into 6 lectures, 3 case studies, and 3 student case presentations: 1. Financial statements 2. Financial ratios 3. Project evaluation 4. Project finance practice 5. Legal advisor 6. Independent engineer 7. Insurance advisor 8. Offtake contract design 9. Funding needs and options 10. Governing project default risk 11. Case Study 1: Texas HSR Project 12. Case Study 2: Chad-Cameroon 13. Case Study 3: Calpine Corporation 14. Case Study 4: Airbus A3XX

Engineering Economics or Financial Management preferred

You can download lecture materials from the website.

Midterm Exam I 30% Midterm Exam II 30% Case Study Report 40%

Yescombe, E.R. Principles of Project Finance. London: Academic Press, 2002. Esty, B.C. Modern Project Finance: A Case Book. NJ: Wiley, 2004