A beginner’s guide to project finance
A beginner’s guide to project finance

The following Banking & Finance guidance note provides comprehensive and up to date legal information covering:

  • A beginner’s guide to project finance
  • Key features of project finance
  • Bankability
  • Legal due diligence
  • Environmental and social due diligence
  • Insurance due diligence
  • Tax and accounting due diligence
  • The financial model
  • Bond market
  • Equity provided by project sponsors
  • more

BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be treated by the EU as a Member State for many purposes. As a third country, the UK can no longer participate in the EU’s political institutions, agencies, offices, bodies and governance structures (except to the limited extent agreed), but the UK must continue to adhere to its obligations under EU law (including EU treaties, legislation, principles and international agreements) and submit to the continuing jurisdiction of the Court of Justice of the European Union in accordance with the transitional arrangements in Part 4 of the Withdrawal Agreement. For further reading, see: Brexit—introduction to the Withdrawal Agreement. This has an impact on the information regarding public procurement in this Practice Note. For guidance, see Practice Note: Brexit—the implications for public procurement and News Analyses: No-deal Brexit: Examining the impact on public procurement, Deal or no deal―how will Brexit impact public procurement? and Commercial: Brexit and Public procurement.

In addition, the UK government has published high level guidance on public procurement post-Brexit:

  1. Public-sector procurement under the EU Withdrawal Agreement, and

  2. Public-sector procurement after a no-deal Brexit.

This Practice Note sets out a basic introduction to project finance focusing on:

  1. due diligence and ‘bankability’

  2. sources of finance for