ProjectFinancePrinciplesforFinancialSustainability.财政可持续的.PDF

Project Finance Principles for Financial Sustainability. 财政可持续的项目融资原则 Harbin Vocational Education College 哈尔滨职业教育学院 Adolfo Guerrero Head of Cities Development Initiative for Asia Chia Office Senior Public Private Partnership Infrastructure Specialist Cities Development Initiative for Asia (CDIA) PROJECT FINANCE IN A NUTSHELL 项目融资简介 • Designed to finance large projects 指基于项目本身的表现而不是项目发起人的偿还能力 based on the performance of the 而投资担保的大项目。 project instead of the capacity of the sponsors of the project to repay. vs Cities Development Initiative for Asia 亚洲城市发展中心 PROJECT FINANCE IN A NUTSHELL 项目融资简介 • The project demonstrates capacity to repay the loans with its own cash flows. 该项目展示了其自身现金流的偿还能力。 Cities Development Initiative for Asia 亚洲城市发展中心 PROJECT FINANCE IN A NUTSHELL 项目融资简介 Why this technique provides financial 为什么这种技术提供了财务上的可持续性？ sustainability? • It is used, originally, to convince banks • 它最初被用于说服银行提供资金。银行 to provide funding. Bankability. 可贴现性。 • It makes easy to determine if the • 它很容易确定项目届时是否能收回其投 project can return its investment and 入。 operations and by when. • 它提供运营过程中有关资金偿债的短缺/ • It provides information about the 盈余信息。 shortages/surplus of funds servicing • 其财务模式常用来评估PPP项目。 debts and on the operation. • Its financial model is used to evaluate PPP projects. Cities Development Initiative for Asia 亚洲城市发展中心 HVTC CASE STUDY 哈尔滨职业技术学院案例研究 H