Project Finance Theory And Applied Research

The Project Financing derived from oil exploitation project in Texas U.S.A. 1930s . This kind of financing is different from those traditional company financing methods which depend on the borrower's credit status and ability of repay debts by the characteristics of'Project Oriented' , 'Limited Recourse' and 'Risk Allocation' .After several ten years' development, The Project Financing has got its own completed system of theory and practice. Now the Project Financing is one of the branches of international finance . As a means of financing for the construction of large scale infrastructure projects , the Project Financing is highly effective and is getting consummate therefore it is welcomed by project investors and borrowers.Since the implementation of reforming and opening policies , our country has entered a continual and rapid developing stage . The Project Financing , as a complete new concept and financing method has gradually been thought much of and put into use . Today our country is carrying the strategy of accelerating development of west China , it is undoubted that the Project Financing is one of the high effective financing methods for the infrastructure construction and nature resource exploitation . Thus to research that the problems and countermeasures to the Project Financing applied in our country has a very practical meaning and value for application .This thesis starts with the theory and basic characteristics of Project Financing , traces its track of evolvement, analyses its structure , risk control and risk allocation system , discusses the main factors which restrict its application in our country according to the status in quo of its practice and present some feasible countermeasures .