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Università Bocconi

Financing and Investing in Infrastructure

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.

状态:Investments
状态:Banking
课程小时

精选评论

VM

4.0评论日期:Aug 23, 2020

Concepts of project finance are explained very clearly. Focus on debt syndication and loan amortization methods is specially helpful. The course content can be updated as it is slightly old.

AW

5.0评论日期:Nov 20, 2021

Enjoyed the course by Prof Stefano Gatti. The videos, quizzes, and notes provided provided a good overview and introduction into this topic, looking forward to future sessions!

MM

5.0评论日期:Oct 14, 2019

Great introduction to the field of Infrastructure Investments. Teaches project finance context, specific industry vocabulary, essential legal framework and the basics of financial modelling.

GS

5.0评论日期:Feb 25, 2023

Very good introduction, covering main themes briskly, to an increasingly important subject. I now have a good understanding now of the main principals associated with this form of financing.

JM

5.0评论日期:Feb 14, 2021

Very informative course. Helped me to understand the Fundamentals of Project Finance and get a good high level understanding of tax and finance implication on project finance cash flows.

GM

5.0评论日期:May 31, 2017

Interesting course. Good topics. Maybe wil be interesting too speak about contracts that is in their second concession because the contract is in retender like the airports in Chile.

KL

5.0评论日期:May 5, 2022

With experiences in banks and a master in finance, I found the course very relevant to the real business world. The content of the course is very accurate and well designed. 10/10 recommended. 

JM

5.0评论日期:Oct 4, 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.

DS

5.0评论日期:Oct 22, 2016

Very deep and interesting course on project finance. Best sincere recommendations for any specialists involved in such a subject to study the course. Thank you, dear professor Stefano Gatti.

MV

4.0评论日期:Jul 7, 2017

Great explanations, making the concepts easy to understand and to apply. Great course to initiate with basics of Project Finance. Congratulations to Bocconi University for this course.

SA

5.0评论日期:Dec 27, 2020

very useful course I learned a lot of things related to project finance, the instructor was good as well. I just wanted to know if there is a list of the meaning of the key words used in the course.

KW

5.0评论日期:Jan 8, 2017

Great course, well prepared. It provided a fantastic overview of project finance for infrastructure development that I am certain will benefit my career in years to come. Thank you all.

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显示:20/557

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5.0
评论日期:Jan 1, 2020
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nick diable
2.0
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