June 2002
Beginner
344 pages
11h 7m
English
Content preview from Principles of Project Finance
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§10.1 PROJECTS AND POLITICS
Governments play a very important role in project finance. Projects fi-
nanced in this way are often major long-term investments, for which a politi-
cal will and sustained political support are needed. They may also form part of
a government policy of privatization or the provision of public infrastruc-
ture through PPPs, whose success or failure may have considerable political
consequences.
In fact, few major projects can be structured and financed without political
backing. Political support from a high level is often necessary to enable a project
to be completed successfully; for example, if a PPA is being negotiated with ...
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