Course Overview

This advanced programme equips participants with the financial, analytical, and risk‑management skills required to structure, evaluate, and finance large‑scale infrastructure projects. It integrates global best practices from development finance institutions (DFIs), commercial lenders, PPP frameworks, and private‑sector project sponsors. Participants learn how to assess bankability, model project cash flows, allocate risks, and design financing structures for capital‑intensive projects.

Target Participants

• Project Finance Analysts & Associates
• Infrastructure Planners & Engineers
• PPP Unit Officials
• Government Ministries (Finance, Transport, Energy, Water, ICT)
• Development Bank & Commercial Bank Officers
• Investment Promotion Agencies
• Financial Modellers & Economists
• Private‑sector developers, advisors, and consultants

Learning Objectives

Participants will be able to:

• Understand the principles and mechanics of project and infrastructure finance
• Structure bankable project finance transactions
• Build and interpret project finance models
• Conduct risk identification, allocation, and mitigation
• Evaluate funding instruments and capital structures
• Apply PPP frameworks and assess value‑for‑money
• Prepare investment proposals and engage with lenders and investors
• Strengthen due diligence and project appraisal capabilities

Course Modules

Foundations of Project & Infrastructure Finance

• What makes project finance unique
• Limited‑recourse and non‑recourse financing
• Role of Special Purpose Vehicles (SPVs)
• Stakeholder ecosystem: sponsors, lenders, EPC contractors, O&M operators, regulators
• Infrastructure sectors and investment trends

Project Finance Structures & Transaction Frameworks

• Capital structure: equity, senior debt, mezzanine, subordinated debt
• Project lifecycle and financing stages
• Key project contracts: EPC, O&M, concession agreements, PPAs, off‑take agreements
• Cash flow waterfalls and lender protections

Financial Modelling & Cash Flow Analysis

• Building blocks of a project finance model
• Revenue modelling and demand forecasting
• Operating and capital expenditure modelling
• Debt sizing and repayment structures
• Key metrics: DSCR, LLCR, PLCR, IRR, NPV
• Sensitivity and scenario analysis

Risk Identification, Allocation & Mitigation

• Construction, operational, market, environmental, and political risks
• Risk allocation principles and matrices
• Government support mechanisms
• Guarantees, insurance, and credit‑enhancement tools
• Role of multilateral development banks (MDBs) in risk mitigation

Public‑Private Partnerships (PPP)

• PPP models: BOT, BOOT, DBFO, concession structures
• Value‑for‑money (VfM) and affordability assessments
• PPP procurement processes and bid evaluation
• Bankability considerations for PPP projects
• Government‑lender‑sponsor alignment

 Funding Sources & Instruments

• Commercial bank lending and syndicated loans
• Development finance institutions (DFIs) and export credit agencies (ECAs)
• Infrastructure bonds, green bonds, and blended finance
• Private equity, pension funds, and institutional investors
• Viability gap funding and innovative financing

 Legal, Regulatory & Environmental Frameworks

• Legal frameworks governing infrastructure finance
• Environmental and social safeguards (ESG)
• Land acquisition, resettlement, and permitting
• Compliance with national and international standards

 Due Diligence & Credit Assessment

• Technical, financial, legal, and environmental due diligence
• Lender requirements and credit‑approval processes
• Project documentation review
• Preparing investment committee submissions

 Practical Workshops & Case Studies

• Build a simplified project finance model
• PPP risk‑allocation simulation
• Bankability assessment of a real infrastructure project
• Group presentations and expert feedback

Training Methodology

• Facilitator‑led expert presentations
• Hands‑on financial modelling exercises
• Case studies from Africa and global markets
• Group discussions and peer learning
• Templates, checklists, and project‑finance toolkits

Outcomes

Participants will gain:

• Strong understanding of project finance principles
• Ability to structure and analyse infrastructure transactions
• Skills in financial modelling and risk assessment
• Confidence to engage with lenders, investors, and PPP stakeholders
• Tools to support government and private‑sector infrastructure developmen