“Project finance is a seamless web that affects all aspects of a project’s development, and thus, the finance cannot be dealt with in isolation”. E.R. Yescombe, Principles of Project Finance (Academic Press, 2002)

You should refer to research and examples in order to give a comprehensive analysis and show your understanding.


Critically analyse the risks that are associated with a project finance transaction. How might they be minimised by any security arrangements and the terms of the loan agreement?

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