Project Finance Fundamentals for Infrapreneurs

Project Finance Fundamentals for Infrapreneurs

Introduction

The course is part of the Brickstone Infrastructure Acceleration Programme (“Brickstone InfraLAB”)  which was designed for the African Infrapreneur developing projects but lack the knowledge of basic limited recourse financial principles in making the deal happen.
This course is designed for Aspiring Infraprenuers seeking to join the Brickstone InfraLAB or Project Managers/Project Finance Advisors with little or limited project finance knowledge but who are incubating Large Scale projects. Brickstone believes it is also important for Project Promoters to have a solid grasp of basic project finance awareness in order to agree with other project stakeholders and appreciate project finance principles that affect the value of their large scale projects.
Content Outline

The course provides important experience and practical examples in the following areas:

Module 01 - Introducing Project Finance

  • Course Introduction
  • Motivations for Project Finance
  • Overview of Project Finance Phases

Module 02 - Principles of Risk Allocation

  • Principles of Risk Allocation

Module 03 - Contract Mechanics in Project Finance

  • Key Issues Contract Mechanics
  • The Importance of Guarantees
  • Preliminary Project Assessment using Financial Model

Module 04 - Project Development Stages

  • Overview of Project Finance Phases
  • Type of Project Financed Projects 
  • Project Finance “Bankability” Fundamentals

Module 05 - Early Development Stage

  • Key Issues Contract Mechanics
  • The Importance of Guarantees
  • Preliminary Project Assessment using Financial Model

Module 06 - Pre Financing Stage

  • Decision Making on Developing the Project: Negotiating and formalizing with the needed key counterparties on proceeding on the project development on an exclusive basis with the Infrastructure Developer
  • Introduction to Brickstone Infrastructure Bankability Model

Module 07 - Achieving Bankability I : Predictable Cashflow

Brickstone Infrastructure Bankability Model states that projects must be characterized by a high degree of revenues predictability under a (partial or full) Contracted Revenue Arrangement with a creditworthy counterparty but if no offtake agreement an independent market study must prove a robust revenue upside capable of neutralizing risks such as price, demand, business cycle, inflation, currency parity and other operating risks

  • Offtake & Concession Arrangements: Explain structuring options for the using Offtake Agreements Issues
  • Key Terms in Offtake Agreements & Forms of Offtake Agreements: Explain structuring options for the using Offtake Agreements Issues
  • Application of Financial Models in Negotiations: Discussing DSRC: Explain structuring options for using DSRC
  • Case Studies Review: Case Discussion to recap Project Finance concepts learnt so far. 

Module 08 - Achieving Bankability II : Fixed Construction Delivery

Brickstone Infrastructure Bankability Model states that projects must be delivered under a fixed construction price and schedule with a Building (or EPC) Contractor with appropriate penalties in the form of liquidated damages (LDs) for its failure to perform

  • The rationale for Fixed Construction: Explain structuring options for the using Fixed Price Construction approach
  • Tendering Process and the need for Cost PrecisionExplain why it’s important to have a Tender Process and Cost Precision
  • Key Terms in Construction Agreements: Explain the Key Terms in EPC Construction contracts
  • Case Studies Review: Case Discussion to recap Project Finance concepts learnt so far

Module 09 - Achieving Bankability III : Sustainable Operations & Environmental Compliance

Brickstone Infrastructure Bankability Model states that in order for Sustainable Operations & Management projects must (1) provide adequate operations, the project vehicle must enter into Long term Supply Agreement with the key resource supplier(s) who will supply the materials needed to generate the required output. (2) The project must enter into an Operations & Management (O&M) agreement with an Independent Operator for the operation of the project after its completion (3) The project owners ensure best practice on the identification, management and compliance of Environmental , Social and Governance Factors affecting the project throughout its life of operations

  • Sustainability in Operating Infrastructure Projects
  • Understanding Project Governance governed by the Shareholders Agreement
  • Resource Supply Arrangements
  • Operations & Management Agreement
  • Environment Social Impact Assessments: Understand the ESIA requirements in Large Scale Projects 
  • Understanding Environment Social and Governance Factors 
  • Case Studies Review: Case Discussion to recap Project Finance concepts learnt so far. 

Module 10 - Conclusion

  • Conclusion of Project Finance Fundamentals 
  • Designing the Project Finance Implementation Roadmap.

 

Frequently Asked Questions:
Learn more about the Frequently Asked Questions 
Mode of Delivery (ONLINE)
ONLINE LEARNING | 36 ON-DEMAND VIDEOS | 5 WEEKLY CASE STUDY LIVE ONLINE SESSIONS        
Training Date 
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NGN 125,000 ( or US$250) 

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      Course Video

      Main Course Leader 

      Femi Awofala

      Babafemi Awofala is the Founder and Senior Partner with Brickstone Partners Limited, an integrated professional service firm providing project finance advisory and transaction structuring for the agriculture, power, energy, infrastructure and real estate industry in West Africa. Learn more

      There would be other guest facilitators who are leading specialist in Project Finance Law and Deal Structuring 

       

      Other Brickstone InfraLAB foundation Courses