Nptel: Infrastructure Finance - Video Course

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NPTEL Syllabus

Infrastructure Finance - Video course

COURSE OUTLINE

This main objective of the course is to provide an understanding and

NPTEL
appreciation of a financing technique that is widely used to finance
infrastructure projects today.

Project Finance, as it is called, differs quantitatively and qualitatively in many http://nptel.iitm.ac.in


ways as compared to the traditional corporate finance.

This course will provide an exposure to this innovative financing method -


Project Finance, and its applicability and utility across industries. Management
The objective of this course is to give an exposure to the world of project
finance on the following areas:

Project structuring. Pre-requisites:

Understand the complexities of accurately constructing and evaluating 1. Financial Management.


cash flows.
2. Micro Economics / Managerial
Risk assessment and management in infrastructure projects. Economics.

Financing and valuation of infrastructure projects.


Additional Reading:
PPP's in infrastructure.
1. Modern Project Finance, A Case
Book - By Benjamin C. Esty.
COURSE DETAIL
2. Mega Projects and Risk - An
anatomy of ambition, by Bent
S.No Topics No.of Hours Flyvbjerg et al.

3. Policy, Finance & Management for


Public Private Partnerships, Ed. By
1 Introduction to project finance. 1 Akintola Akintoye and Matthias
Beck.

4. Corporate Finance, by Ross,


2 Uses of project finance. 1 Westerfield and Jaffe.

3 Motivations for using project finance. 2 Hyperlinks:

www.people.hbs.edu/besty/projfinportal/
4 Unique features of infrastructure projects. 2
Coordinators:
Dr. A. Thillai Rajan
5 Essential elements of project financing. 1 Department of Management Studies IIT
Madras

6 Trends in project financing. 2

7 Market for project finance. 1

8 Project finance in the power sector. 2

9 Project finance in the roads sector. 1


10 Project finance in airports. 1

11 Sources for project finance. 1

12 Equity. 1

13 Multi lateral agencies and financial institutions. 1

14 Debt. 2

15 Project leasing. 2

16 Special purpose vehicles. 1

17 Structuring the project company. 1

18 Financial analysis. 5

19 Valuation - Free Cash Flows, Equity Cash Flows. 4

20 Project Risk identification, assessment, 3


management.

21 Public Private Partnerships. 1

22 Case studies in Infrastructure Financing-Bangalore 3


International Airport and Cochin International
Airport; Alandur Sewerage Treatment Plant,
Hyderabad Outer Ring Road.

23 Summary. 1

Total 40

References:

Project Finance in Theory and Practice, by Stefano Gatti, Academic Press


(an Imprint of Elsevier). Indian Reprint ISBN: 978-81-312-1664-4.

Reference texts:

1. Project Finance, by Freshfields.

2. Introduction to Project Finance, by Andrew Fight, Elsevier Publications.


Indian Reprint: ISBN-13: 978-81-312-0849-6.

3. Project Financing - Asset based financial engineering, by John D.


Finnerty, John Wiley & Sons.

4. Principles of Project Finance, by E.R. Yescombe, Allied Press.


A joint venture by IISc and IITs, funded by MHRD, Govt of India http://nptel.iitm.ac.in

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