Book contents
- Frontmatter
- Contents
- Preface to the Third Edition
- Preface to the Second Edition
- Preface to the First Edition
- PART ONE AN INTRODUCTION TO PROJECT FINANCE
- PART TWO RISK IDENTIFICATION, ALLOCATION, AND MITIGATION
- PART THREE PROJECT FINANCE STRUCTURES
- CHAPTER FIVE PROJECT FINANCE PARTICIPANTS AND THEIR ROLES
- CHAPTER SIX PROJECT FINANCE STRUCTURES
- CHAPTER SEVEN SELECTING THE PROJECT FINANCE OWNERSHIP STRUCTURE
- PART FOUR TECHNICAL, POLITICAL, AND ECONOMIC FEASIBILITY
- PART FIVE PROJECT FINANCE DOCUMENTATION
- PART SIX CREDIT ENHANCEMENT
- PART SEVEN DEBT AND EQUITY FINANCING
- PART EIGHT COLLATERAL
- PART NINE PROJECT SPONSOR AND INVESTOR AGREEMENTS
- PART TEN SPECIAL TOPICS IN PROJECT FINANCE
- Appendix A A Checklist of Due Diligence Considerations for a Project Financing
- Appendix B UNCITRAL Legislative Guide on Privately Financed Infrastructure Projects
- Project Finance Terms, Abbreviations, and Acronyms
- Select Bibliography
- Index
CHAPTER FIVE - PROJECT FINANCE PARTICIPANTS AND THEIR ROLES
from PART THREE - PROJECT FINANCE STRUCTURES
Published online by Cambridge University Press: 05 June 2012
- Frontmatter
- Contents
- Preface to the Third Edition
- Preface to the Second Edition
- Preface to the First Edition
- PART ONE AN INTRODUCTION TO PROJECT FINANCE
- PART TWO RISK IDENTIFICATION, ALLOCATION, AND MITIGATION
- PART THREE PROJECT FINANCE STRUCTURES
- CHAPTER FIVE PROJECT FINANCE PARTICIPANTS AND THEIR ROLES
- CHAPTER SIX PROJECT FINANCE STRUCTURES
- CHAPTER SEVEN SELECTING THE PROJECT FINANCE OWNERSHIP STRUCTURE
- PART FOUR TECHNICAL, POLITICAL, AND ECONOMIC FEASIBILITY
- PART FIVE PROJECT FINANCE DOCUMENTATION
- PART SIX CREDIT ENHANCEMENT
- PART SEVEN DEBT AND EQUITY FINANCING
- PART EIGHT COLLATERAL
- PART NINE PROJECT SPONSOR AND INVESTOR AGREEMENTS
- PART TEN SPECIAL TOPICS IN PROJECT FINANCE
- Appendix A A Checklist of Due Diligence Considerations for a Project Financing
- Appendix B UNCITRAL Legislative Guide on Privately Financed Infrastructure Projects
- Project Finance Terms, Abbreviations, and Acronyms
- Select Bibliography
- Index
Summary
PROJECT SPONSOR
The project sponsor is the entity, or group of entities, interested in the development of the project and that will benefit, economically or otherwise, from the overall development, construction, and operation of the project. It is sometimes called the developer. The project sponsor can be one company or a group of companies.
PROJECT COMPANY
The project company is the special-purpose entity that will own, develop, construct, operate, and maintain the project. The precise nature of organization for this entity is dependent upon a myriad of factors.
Of foremost concern is the local law of the country in which the project is based. The local law must be examined to determine, for example, whether a form of organization is prescribed; whether a foreign entity can do business in the host country; whether a foreign entity can own real property in the host country; the extent to which liability limitations, such as is enjoyed by a corporation or limited liability partnership, is permissible; requirements for local investor participation in the entity organized in the host country; and similar concerns.
Other factors also influence the selection of the form of organization for the project company. These include tax laws in the host country, tax treaties, and foreign exchange rules of the host country.
- Type
- Chapter
- Information
- The Law and Business of International Project FinanceA Resource for Governments, Sponsors, Lawyers, and Project Participants, pp. 71 - 77Publisher: Cambridge University PressPrint publication year: 2007