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Module Title LM Infrastructure and Project Finance
SchoolBirmingham Business School
Department Birmingham Business School
Module Code 07 26647
Module Lead Professor Victor Murinde
Level Masters Level
Credits 10
Semester Semester 2
Pre-requisites
Co-requisites
Restrictions None
Contact Hours Lecture-0 hours
Seminar-0 hours
Tutorial-0 hours
Project supervision-0 hours
Demonstration-0 hours
Practical Classes and workshops-0 hours
Supervised time in studio/workshop-0 hours
Fieldwork-0 hours
External Visits-0 hours
Work based learning-0 hours
Guided independent study-0 hours
Placement-0 hours
Year Abroad-0 hours
Exclusions
Description Today, the financing of infrastructure and large scale projects is top priority for financial institutions, corporates and governments around the world, including the UK, US, the EU, and many emerging economies. The required capital for investment in infrastructure is estimated to be in trillions of US dollars. There is increasing need for professionals equipped with the necessary skills and knowledge to deliver long-term financing of regional, national and international infrastructure projects and large-scale projects mainly in the extractive industry (mining), transportation sector, telecommunications as well as in the energy industry. The financing may involve public sector as well as private sector projects, or the projects may be public – private partnerships (PPP).

This module on Infrastructure & Project Finance involves novel application of finance theory and techniques to structure, value and finance infrastructure projects and other large-scale projects, in the private sector, for governments and under PPP schemes. Students work through a series of case studies to apply project finance principles and valuation methods to real-life projects. Indeed, case studies extracted from best practice of ‘cut and thrust’ at global multilateral banks will be used to expose students to the opportunities and challenges of infrastructure and project finance.
Learning Outcomes By the end of the module students should be able to:
  • Demonstrate a systematic understanding of how to use project finance methods to fund and value infrastructure and other large-scale projects
  • Assess how to mitigate specific risks and provide incentives in infrastructure projects, including optimal restructuring of projects in distress
  • Demonstrate a critical ability to analyse and structure project risks
  • Identify and analyse the key factors which sponsors and lenders look for when assessing project finance proposals
  • Formulate a rigorous business plan to finance an infrastructure or large scale project
Assessment 26647-01 : Group assignment : Coursework (30%)
26647-03 : Individual assignment : Coursework (70%)
Assessment Methods & Exceptions Assessments: This module will be assessed by: an individual project based assignment of 2,500 words (70%), and a group presentation and project report (30%).

Reassessment: 3,000 word individual assignment at 100%.
Other
Reading List ‘The Law and Business of International Project Finance’ by Scott L. Hoffman, Cambridge University Press, 3rd Edition, 2013.
‘Principles of Project and Infrastructure Finance’ by Willie Tan, Routledge, 2007.
“Project Financing: Asset Based Financial Engineering”, by John D. Finnerty, Wiley Finance, John Wiley & Sons, 2013.
‘Principles of Project Finance’ by E. R. Yescombe, Academic Press, 2002.