Several Project Finance patterns.ppt

Chapter4 Several Project Finance Models Focus of this chapter Understand the basic principles of designing a PF model The definition of the key PF models The benefit and disadvantages of the key PF model The procedure of the key PF model 4.1 Basic Principles of Designing a PF Model Basic Principles Try to achieve limited recourse Try to realize the appropriate risk allocation Minimize the cost of funding Minimize the equity from the sponsors Realize the off-balance sheet financing Question How to achieve the above principles? 4.4 BOT 特许权：franchise，Concession，licence Expiration：期满，截止 Legal title：权利证书，法定权利 Rehabilitate:修复 Refurbish：刷新； 使重新干净 perpetuity：永久，永恒，永远 BOT-CONTENT Introduction Definition Several variations of BOT Role of host government Benefits and disadvantages Build-Operate-Transfer (BOT) INTRODUCTION construction and operation of specific infrastructure facilities, such as toll road, bulk supply reservoirs, water treatment plants, and waste disposal stations. Concession The reason for using BOT BOT-Definition A BOT project involves a grant by the host government to private sector parties of a right to construct and operate a project for a determined length of time, often up to 30 years and sometimes more. Private parties develop, build, operate and manage the project for the duration of the agreed term, subsequent to the completion of construction, with the goal of recouping construction, operation and financing costs, and making a profit. At the end of the contract term, the project is transferred to the host government. BOT融资模式.flv BOT-CONTENT Introduction Definition Several variations of BOT Role of host government Benefits and disadvantages BOT-Variations (p32) Build-Own-Operate (BOO) Supply-Operate-Transfer( SOT) Build-and-Transfer( BT)BT融资模式.flv Build-Lease-Transfer( BLT) Build-Transfer-Operate ( BTO) Build-Develop-Operate-Transfer( BDOT) Transfer-Operate-Transfer (TOT)ToT融资模式.flv BOT-CONTENT Introduction Definition Several variations