Project Finance Teaching Note
________________________________________ ______________________________________Th e Wharton SchoolProject Finance Teaching Note - 1 Project Finance Teaching NoteFNCE 208/731Fall 1996Professor Gordon M. Bodnarwritten byBruce Comer____________________This Teaching note was prepared by Bruce Comer under the Guidance of Professor Gordon Bodnar and Mr. Tom Pyle of PrincetonPacific Group. This note in intended for Teaching purposes only and not for public distribution. Copyright Wharton SchoolProject Finance Teaching Note - 2I. Definition of Project financeThe term Project Finance is used loosely by academics, bankers and journalists todescribe a range of financing arrangements.
The Wharton School Project Finance Teaching Note - 4 For example, in a build-operate-transfer (BOT) project, the project company ceases to exist after the project assets are transferred to the local company.
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