Learner Reviews & Feedback for Financing and Investing in Infrastructure by Università Bocconi
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About the Course
Learn how debt and equity can be used to finance infrastructure investments and how investors approach infrastructure investments!
According to the OECD, the global infrastructure investment requirement by 2030 for transport, electricity generation, transmission & distribution, and water & telecommunications totals to 71 trillion dollars. This figure represents about 3.5% of the annual World GDP from 2007 to 2030.
The European Commission estimated, that by 2020, Europe will need between 1.5 - 2 trillion Euros in infrastructure investments. Between 2011 and 2020, about 500 billion Euros will be required for the implementation of the Trans-European Transport Network (TEN-T) program, 400 billion Euros for Energy distribution networks and smart grids, 200 billion Euros on Energy transmission networks and storage, and 500 billion Euros for the upgrade and construction of new power plants. An additional 38 - 58 billion Euros and 181 - 268 billion Euros in capital investment will be needed to achieve the targets set by the European Commission for broadband diffusion.
Traditionally investments in infrastructure were financed using public sources. However, severe budget constraints and inefficient management of infrastructure by public entities have led to an increased involvement of private investors in the business.
The course focuses on how private investors approach infrastructure projects from the standpoint of equity, debt, and hybrid instruments.
The course concentrates on the practical aspects of project finance: the most frequently used financial techniques for infrastructure investments. The repeated use of real life examples and case studies will allow students to link the theoretical background to actual business practices.
In the end of the course, students will be capable of analyzing a complex transaction, identifying the key elements of a deal, and suggesting proper solutions for deal structuring from a financial advisor's perspective.
Course Format
The course will consist of lecture videos, readings, and talks given by guest speakers. Although we do hope you will attend the entire course, it is possible to just focus on single topics.
Suggested Readings
The course is designed to be self-contained, there are no obligatory readings that must be acquired outside of the course.
For students interested in additional study material, you may refer to:
• Gatti Stefano, "Project Finance in theory and practice", Academic Press, 2nd edition, 2012....
Top reviews
SA
Dec 27, 2020
very useful course I learned a lot of things related to project finance, the instructor was good as well. I just wanted to know if there is a list of the meaning of the key words used in the course.
TG
Aug 19, 2020
I enjoyed the course. The material is well explained, good details and examples. Gives a good base of Project finance with focus on the insfrustructur phases and the relevant risks and solutions.