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Journal articles on the topic 'Financing; development project; Project financing'
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Zvieriakov, M. I., and D. V. Zavadska. "Formation of institutional model of project financing in Ukraine." Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu, no. 3 (2021): 155–61. http://dx.doi.org/10.33271/nvngu/2021-3/155.
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Purpose. Substantiation of the formation of the mechanism of project financing for solving issues of financial maintenance of infrastructural projects of innovative development in Ukraine. Methodology. The information base of the research is legislative and normative documents and results of scientific achievements of leading foreign and domestic scientists. The following methods, such as analysis and synthesis; comparison and systematization; observation; graphic, tabular; logical generalization are used. Findings. According to the results of the research, it is proved that to ensure sustainable economic growth and diversification of Ukraines economy, the importance of institutions for development and use of such a multi-instrumental form of reproduction of real investments as project financing, becomes actual. Based on the system approach, the features, elemental composition and subsystems of the project financing mechanism are determined. It is established that the current legislative basis for the formation of the project financing mechanism in Ukraine is fragmentary and needs further development. It is proved that the implementation of measures of state stimulation of the processes of financing the innovative development of Ukraines economy will be facilitated by the adoption of the Laws of Ukraine On The Bank of Development, On Syndicated Loan and the proposals for the formation of project financing developed in the research. Originality. For the first time, a comprehensive theoretical approach to the formation of the project financing mechanism in Ukraine has been implemented. The need is substantiated for highlighting such subsystems of the mechanism as providing subsystem (institutional environment of which is legislative support and regulatory bodies), transforming subsystem (financial instruments and participants of which are the Bank of Development, international financial organizations, banks, institutional investors, development institutions, project sponsors) and performance subsystem (financial resources in the required amounts, currencies and terms). The effective operation of the proposed mechanism helps to overcome the shortage of long-term financial resources needed for lending support of innovative enterprises that implement large-scale and capital-intensive investment projects and programs of national importance. Practical value. Introduction of the mechanism of implementation of the program for supporting the project financing development will allow accumulating considerable amounts of financial resources from various sources on a long-term target basis; increasing the level of investment and the number of innovative projects; reducing the total cost of funding and risks through their redistribution among participants of the project.
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Переверзева, В., and V. Pereverzeva. "PROJECT FINANCING AS A TOOL FOR REGIONAL PROJECT LENDING." Bulletin of Kemerovo State University. Series: Political, Sociological and Economic sciences 2018, no. 2 (March 25, 2018): 128–32. http://dx.doi.org/10.21603/2500-3372-2018-2-128-132.
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<p>Further development of single-industry towns, as well as solution of their acute socio-economic issues demand modernization, redevelopment of city-forming enterprises on an innovative basis, formation of a new «image», all of which is impossible without attracting significant financial resources. In the conditions of limited budget financing, aggravated by the necessity to implement major investment projects, only the most effective methods of financing investment activities should be applied in single-industry urban environment. It is justified that in monocities, whose economy is characterized by a high level of risks, it is advisable to use such method as project financing for financing investment processes. World experience in managing the economy in risky and crisis situations shows that project financing is the most effective and sustainable form of financing, which justifies the significant legal and administrative costs inherent to its implementation. Regional analysis of the world market of project financing allows us to conclude that this form of financing is especially useful for countries and regions with underdeveloped institutions.</p>
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Feng, Haidong. "Financing Model Optimization of Lanzhou Yatai Group Real Estate Project." INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE AND BUSINESS ADMINISTRATION 2, no. 5 (2014): 38–49. http://dx.doi.org/10.18775/ijmsba.1849-5664-5419.2014.25.1005.
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Lanzhou Yatai Group, as the first listed real estate companies, occupies absolute advantage in the competition of the industry. Especially because of Lanzhou National Economic Development District, Yaitai Group focuses Lanzhou new area asthe target of the advantages and great location. With the business development and planning, the company will also create Lanzhou Yaitai Group Technology Headquarters before 2016, and also will be followed by the huge business opportunities in the real estate industry driven by the financial industry, service industry, catering industry, and the education industry as well. At the same time, the asset number of investment companies in the new district has reached about 0.45 billion, so the vast number of these channels also makes traditional financing be in danger. Banking loans, equity financing, debt financing gradually are difficult to enable the company’s rapid development growing so fast. Large-scale funding and financing inefficiencies of some large-scale projects also make the company’s financial operations meeting some obstacles. In this paper, the author will analyze Yatai Group real estate financing process and the traditional financing channels to predict its financing risk prevention and the Group’s real estate funds operating characteristics of the project. At the same time, we put forward the concept and characteristics of the real estate project financing. After financing inefficiencies of Lanzhou Yatai Group from 2011 to 2014, we make the analysis for real estate projects for the company and make a selection and optimization models. But also for the smooth development of real estate projects in Yatai Group, we provided a positive recommendation, which will become healthy and stable developments of the real estate industry in Gansu Province, and the development and construction of new district will be made as a good expectation.
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Kovalova, Erika, and Monika Poradova. "Innovate forms of project financing under the conditions of globalization." SHS Web of Conferences 92 (2021): 04015. http://dx.doi.org/10.1051/shsconf/20219204015.
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Research background: Innovative approaches to financing innovative projects are a very important part of innovation and project management in the current global environment, given the rapid pace of the market. The article submitted consists of four parts. The first part deals with the issue of project financing as well as innovative approaches to project financing. The second part describes them as current forms of financing in the form of individual forms of financing for innovative projects, but also as a combined form of financing for innovative projects with classic forms of internal and external financial resources. The third part of the article consists of an analysis of market developments, the volume of countries using innovative forms of crowdfunding project financing. Part three also includes a discussion. The fourth part deals with conclusions on the subject. Purpose of the article: To describe innovative forms of project funding in a global innovation environment through entrepreneurial angels and crowdfunding. One of the objectives of the present article is to analyses the global development of the market, the volume of countries using innovative forms of project financing through crowdfunding. Methods: In the processing of the present paper, a descriptive method, analysis, mathematical and statistical methods, graphic methods, comparison and synthesis were used. Findings & Value added: Will provide an overview of the global market for crowdfunding. It includes financing models such as P2P consumer credit and P2P business loans, real estate crowdfunding, invoice trading, balance sheet loans, etc.
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Ngoc Linh, Nguyen, Xiao Wan, and Hoang Thi Thuy. "Financing a PPP Project: Sources and Financial Instruments—Case Study from China." International Journal of Business and Management 13, no. 10 (September 27, 2018): 240. http://dx.doi.org/10.5539/ijbm.v13n10p240.
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The Public-Private Partnership (PPP) model is often referred to as a new effective way in funding issue solving for infrastructure development and management. A PPP model project involves numerous of stakeholders and the most typical and basic PPP model comprised of three actors: Government, the private sector and financial institutions. Based on the features of PPPs, the differences between PPP model and traditional financing methods are clearly demonstrated through the financing period; investment and financing subject; property ownership; financing credit basis; financing purposes; source of repayment; guarantee; and degree of financing risk.
On the other hand, the selection of a suitable structure from the financial source is based on the choice of the best combination of equity and debt. In terms of project financing structure, it can be divided into three main sections: equity contributions, debt contributions and mezzanine/Subordinated contributions. Moreover, according to the characteristics of different PPPs, the financial structure of the project will be determined to optimize the financial benefits of the project. Furthermore, for each stage of the project, financial instruments will be used appropriately.
This paper will deliver a summary and review of PPP projects, as well as the stakeholders involved in implementing a project under a basic PPP model. In addition, this paper will discuss the financial structure of a project, and the PPP project financial instruments that commonly used will also be clearly analyzed. Based on the in-depth knowledge of the PPP model, the paper will depend on the development situation of the PPP model in some countries, especially China, to provide visual examples of each financial instrument.
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Voronina, Natalia, and Svetlana Steksova. "On the development of methods for assessing project financing risks." E3S Web of Conferences 281 (2021): 08002. http://dx.doi.org/10.1051/e3sconf/202128108002.
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The introduction of new methods for industrial infrastructural development and the methods of financing has led to the emergence of a promising direction - project financing. The development of project financing in the Russian Federation is primarily associated with a change in legislation, within the framework of which a system of escrow accounts was introduced in order to preserve the funds of equity holders. The gradual transition from the traditional equity participation scheme to project financing should contribute to the development of the construction industry, increased business activity and an increase in construction volumes. However, the limiting factor in the development of this area is the high risks for all participants in the investment and construction process and the lack of an effective method for assessing the risks of project financing. The development of this method is complicated by the fact that along with the general and characteristic risks of all investment projects, each project has its own characteristics, specific contractual and financial structure and implementation conditions and is associated with industry and regional risks inherent in this particular project. In this regard, the development of methods for assessing the project financing risks is one of the tools for making timely management decisions on the part of the developer to optimize the investment and construction process. This will allow attracting additional resources to the investment and construction sector and increasing the volume of housing construction.
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Galachieva, Svetlana V. "Financing of innovative projects in industry." Vestnik of Samara University. Economics and Management 12, no. 2 (August 5, 2021): 29–35. http://dx.doi.org/10.18287/2542-0461-2021-12-2-29-35.
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A distinctive feature of innovation-oriented enterprises is a higher demand for external sources of financing, while innovative activities are characterized by a sufficiently high degree of uncertainty and risk, therefore, the important principles of financing innovative projects are the multiplicity of financing sources, flexibility and adaptability to a rapidly changing external environment. Using in-house funds in the development and implementation of an innovative project provides maximum scale of actions in making management decisions. At the same time, international experience in the innovative projects implementation proves the effectiveness of debt and equity instruments use for project financing. The article discusses the main instruments for financing innovative projects in the Russian Federation, highlights the main stages of finding and attracting financial resources. In addition, within the framework of this study, the costs of technological innovations and the sources of their financing, the patent activity of enterprises in the Russian Federation were analyzed. The main economic reasons that impede the development of innovations project management are listed. The necessity of developing measures to expand the access of innovative enterprises to loaned sources of financing has been substantiated.
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RUBLEVA, Tat'yana A. "The role of project financing in the development of the real estate funding market in Russia." Finance and Credit 27, no. 4 (April 29, 2021): 894–912. http://dx.doi.org/10.24891/fc.27.4.894.
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Subject. This article examines the impact of project financing on the development of the real estate funding market in the context of the transition to the digital economy. Objectives. The article aims to define the features of project financing in the property construction and its development prospects in the context of the transition to the digital economy. Methods. For the study, I used comparative and logical analyses, object-oriented design, and the systems approach. Results. The article defines the essence of project financing and its role in the development of the real estate funding market in the transition to the digital economy. It describes a number of features of project financing in construction and compares them with the features of project financing of innovative industrial projects. The article shows how to solve existing problems in this area and offers a use case diagram that helps develop a software product relevant to the real estate funding market. Conclusions and Relevance. The real estate funding market is a complex structure and it includes the synergy of the real estate market, banking market, and the financial market. Project financing is an integral part of the real estate funding market. It stimulates the development of quality consulting services in the market and produces key requirements for the profession of the next generation. The results of the study can be used to improve banking activities in project financing and when creating quality services of consulting companies in the real estate funding market.
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Bidabad, Bijan, and Mahmoud Allahyarifard. "It-Based Usury Free Financial Innovations." American Finance & Banking Review 4, no. 1 (June 4, 2019): 39–49. http://dx.doi.org/10.46281/amfbr.v4i1.289.
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Despite development and extension of different ways of financing in financial markets, encompassing Islamic and conventional financing, the mechanism of Electronic Funds Transfer (EFT) of project financing both as borrowed and non-borrowed methods has not been considered at most. Moreover overall IT infrastructures development namely Real Gross Settlement System (RTGS), Automatic Clearing House (ACH), Scriptless Security Settlement System (SSSS) and International Bank Account Number (IBAN) for authentication process and the international meta bank network of Single Euro Payment Area (SEPA) and also international integrated banking networks including the Society For Worldwide Interbank Financial Telecommunication (SWIFT) and Interbank Information Transfer Network (Shetab), and other accomplished endeavors are not efficient in absorbing international contributions for project financing through foreign exchange funds in the different countries, satisfactory E-Payment mechanism in informative portal systems for investment projects are weak. In this way, the role of applying E-Payment systems for attracting foreign investment through retail resources mobilization and design of financial instruments with the capability of transacting in the secondary markets should be reconsidered. In this paper by having a glance at different types of investment project financing, we introduce a new project financing mechanism based on E-Payment with non-usury financial instruments to complete investment project financing chain in the form of Rastin Profit and Loss Sharing (PLS) banking.Sharia compliance of financing instruments in one side and accessibility in absorbing international retail foreign exchange sources on other side are two fundamental discussible items in this paper. In this way by designing a new system of "Non-Usury Scriptless Security Settlement System" (NSSSS) with non-usury mechanisms -avoiding legislative (Sharia) circumvention- can provide the two cited goals in designing non-usury financing instruments through IT-based non-usury financial innovations which includes of Rastin Certificates in Rastin PLS banking, and Non-Usury Bonds namely Rastin Swap Bonds.
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DEMCHYSHAK, Nazar, Oksana SHCHUREVYCH, and Olha HEORHIIEVSKA. "BANK PROJECT FINANCING IN THE CONDITIONS OF MACROECONOMIC INSTABILITY IN UKRAINE." WORLD OF FINANCE, no. 3(64) (2020): 126–38. http://dx.doi.org/10.35774/sf2020.03.126.
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Introduction. Banking project investments as one of the important factors of economic development of any country should be investigated. Despite the relative novelty of project financing in Ukraine, it should be studied because this process has been widely used for a long period in the world, which is confirmed by the implementation of large-scale projects. The purpose of the article is the implementation of a comparative analysis of bank project financing in Ukraine and the world during the pre-crisis macroeconomic situation, as well as the development of appropriate proposals for further development of the mentioned investments. Results. It substantiated the promotion project financing would be impossible in the conditions of the predominance of the short-term loans and the unwillingness of banking institutions to participate in the financing of infrastructure and investment projects. The factors hindering the development of bank project financing in Ukraine were determined. Significant potential for the rapid development of project financing has been fully confirmed by the corresponding market demand. However, for the development of project financing in Ukraine it is necessary to realistically and in detail assess the viability and profitability of projects. Also, the most effective leverage can and should be appropriate changes in the legislation that might give the guarantee bilateral protection of investors and creditors, as well as describe the approaches to the formation of a simplified mechanism for this type of financing.
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Chernov, A. V. "Project finance in Russia: The status, international practices, and public-private partnership." Finance and Credit 26, no. 3 (March 30, 2020): 630–43. http://dx.doi.org/10.24891/fc.26.3.630.
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Subject This article considers the issues related to project financing in Russia, its current status, foreign practices in this area, as well as in the context of public-private partnership. Objectives The article aims to explore the current state and development of project financing in Russia and foreign countries, analyze and identify risks, and consider trends in the further development of project financing. Methods For the study, I used the methods of comparative, logical, and statistical analyses, and graphical interpretation of information. Results The article defines project financing, identifies risks, and denotes trends in its global and domestic development. Conclusions and Relevance The introduction and application of public and market management models, or their combination, may be an incentive for further development of project financing. Today, the most promising direction is the use of project financing as a method of financing investment activities. The results of the study are theoretically relevant for further research into the financing of infrastructure projects in Russia.
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McDonald, H. Stephen, Chris Stori, and Greg Dennis. "FINANCIAL DECISION SUPPORT FOR PROJECT FINANCING AND REVENUE PROGRAM DEVELOPMENT." Proceedings of the Water Environment Federation 2003, no. 11 (January 1, 2003): 28–29. http://dx.doi.org/10.2175/193864703784756075.
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Kadhum Al-Atabi, Sadiq Jafar. "Financing Companies using Financial Technology an Exploratory Study." JOURNAL OF UNIVERSITY OF BABYLON for Pure and Applied Sciences 27, no. 1 (March 31, 2019): 43–68. http://dx.doi.org/10.29196/jubpas.v27i1.2064.
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The modern technology to finance investments, of leasing, and the wide attention in the industrialized countries due to their particular flexibility, as well as their low costs often thus making them an alternative to compete with other traditional financing methods. It is noted in this regard that developing countries, especially Arab ones for the most part what relatively late still in the application of this type of financing , companies are leasing is still very low compared with the industrialized countries due to traditional methods control of funding for financial institutions, and non-acceptance risk in new areas of funding, lack of professionalism in the financial and banking field and then dodging relatively active participation in economic development; this study examine the decision to leasing the Iraqi environment as a source of funding for projects to identify extent the desire of the Iraqi projects and their ability to exercise Activity leasing, as well as the desire of the Iraqi banks and their ability to finance the leasing projects, According hypotheses of the study using a model according to the measure " Likert " questionnaire, the first model to the Iraqi projects, as leasing , and was (50) projects , in the face of the second model to the branches of Iraqi banks, as leased, the (40) bank. The study concluded the following results: The desire of the Iraqi projects, and their ability to exercise Activity leasing, as well as a statistically significant relationship between the knowledge of the project of leasing activity and flexible lease process, and pledges to the tenant project against for financing its assets on the one hand, and between the desire of the projects, and their ability to exercise leasing activity on the other.
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Hutchison, Norman, Graham Squires, Alastair Adair, Jim Berry, Daniel Lo, Stanley McGreal, and Sam Organ. "Financing infrastructure development: time to unshackle the bonds?" Journal of Property Investment & Finance 34, no. 3 (April 4, 2016): 208–24. http://dx.doi.org/10.1108/jpif-07-2015-0047.
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Purpose – The purpose of this paper is to consider the merits of using projects bonds to finance infrastructure investment projects and considers the pricing of such bonds and the level of risk premium demanded by the market. Design/methodology/approach – The research used a mix of qualitative and quantitative methods with desk-based study and interviews. Interviews were held with policy makers, local authority staff, planners, developers, investors, fund managers and academics. Infrastructure bond data were obtained from the Bloomberg database on all project bonds issued in four Asian countries – Malaysia, China, Taiwan and India – over the period 2003-2014. Findings – The analysis indicates investor appetite for project bonds and suggests that a risk premium of between 150 and 300 basis points over the comparable government bond is appropriate depending on the sector and the degree of government involvement in underwriting the issue. Practical implications – The paper argues that the introduction of project bonds would be an important innovation, assisting the financing of infrastructure investment at a time when bank lending is likely to remain fragile. The current conditions in the sovereign debt market, where strong demand has forced down yields, has opened up the opportunity to introduce project bonds offering a higher yield to satisfy institutional investment demand for long term fixed income products. Originality/value – The originality of this paper stems from the analysis of the merits of using projects bonds to finance infrastructure investment projects, the pricing of such bonds and the level of risk premium demanded by the market.
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MacGinley, James, and Brad Calleja. "Financing alternatives in a changing gas landscape." APPEA Journal 54, no. 2 (2014): 516. http://dx.doi.org/10.1071/aj13089.
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In recent years, Australia has gone through an unprecedented expansion in its oil and gas industry. The demand for capital has been enormous and has resulted in some of the largest project debt financings globally. In the coming years, the funding requirement will change dramatically as projects reach completion; become cash-flow positive; and, owners changing their funding structure from project finance debt to lower cost, lower covenant corporate debt. The development of a number of Australia’s largest oil and gas projects during the past five years coincided with a tightening of capital from the traditional project finance market. This lead to the emergence of export credit agency financing as an integral component of project development. During the past year, however, re-capitalisation of global banks are now re-entering the Australian market and are driving competition and increasing liquidity. This extended abstract covers a review of the funding approaches taken on major Australian LNG projects, including lessons from the funding of CSG projects that may be relevant to other new development markets such as shale gas. It also draws on historical lessons of funding new technologies and provide insight about funding of the next wave of LNG development: floating LNG. The National Australia Bank is one of the largest resources project finance banks globally and is well positioned to provide APPEA’s delegates with relevant insight about the future of debt funding in the oil and gas industry.
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Ievgen Tishchenko. "FINANCIAL MODEL OF INVESTMENT PROJECT AND PECULIARITIES OF ITS USE IN PROJECT FINANCING." European Cooperation 4, no. 44 (October 1, 2019): 65–78. http://dx.doi.org/10.32070/ec.v4i44.66.
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The article explores the main directions for improving the management of the investment process on the basis of the development and use of the financial model of the investment project, which is proposed to be considered as a decision making tool at all stages of financing. From a practical point of view, such a model is a digital form of presenting the results of the calculation and analysis of the main parameters of the investment project in order to assess the feasibility and effectiveness of its implementation. The purpose and main tasks of the development and use of the financial model of the investment project, which consists in ensuring its functionality, accuracy and reliability of the calculations, coverage of all stages of implementation and the main indicators of the project, informativeness, as well as ease of use for the purpose of effective project management, are determined. The basic principles of model formation, which include integrity, systemicity, uniformity, transparency and consistency, are distinguished. The methodology and sources for forming the Book of assumptions and input data collection for building a financial model are described. Its structure and conditions, which form the level of validity and reliability of the results of calculations, are determined. The sequence of actions of project managers regarding the development, verification and use of the financial model in project financing is characterized. The system of indicators, which, in a generalized way, characterize the main results of the project implementation, its investment attractiveness, sustainability and economic efficiency, is defined. The factors of sensitivity of the investment project to the influence of external and internal shocks are described. The necessity of using a single methodology and unification of the financial indicators and calculation processes used in the construction of the financial model to optimize financial flows and improve project risk management is proved
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Ahramakova, Nataliia, Svitlana Honcharova, and Andriy Honcharov. "Technology for the development and implementation of social projects: substantiation of the project proposal and documents." Development Management 18, no. 1 (June 15, 2020): 11–24. http://dx.doi.org/10.21511/dm.18(1).2020.02.
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Ensuring a decent standard of living for citizens, especially vulnerable groups, requires qualitative changes in society. Social projects are a modern tool for making change. In this regard, it becomes relevant to study the applied aspect of their implementation – technology for the development and implementation of social projects. This study aims at exploring the nature and classification of social projects, as well as improving and further developing the technology for the development and implementation with justification of the project proposal and documentation using the Let’s Start Together project as an example. The object of research is the process of using technologies for the development and implementation of social projects in solving social problems of society. The subject is theoretical and practical recommendations on the technology for the development and implementation of social projects, based on the justification of the project proposal and documentation. The following methods were used: logical analysis – to clarify the essence of the concept of a social project; analysis and synthesis – to improve the classification of social projects; network planning – to formulate a technology implementation plan for the development and implementation of social projects. The paper explores the essence of a social project, proposes the classification of social projects and defines criteria for their evaluation. The sources of financing a social project are characterized; co-financing by various donors. A technology for the development and implementation of social projects is proposed. Considerable attention is paid to the first stage, namely the development of the project proposal and the documentation of a social project. The proposed technology was tested in the context of the social project Let’s Start Together.
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L.S., Zoyirov. "Project Finance – An Important Factor Of Economic Modernization." American Journal of Management and Economics Innovations 3, no. 06 (June 30, 2021): 170–77. http://dx.doi.org/10.37547/tajmei/volume03issue06-25.
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The article reveals the essence, content, features of project financing and its role in the modernization of the economy. The main participants of project financing and their functions, types of project financing are described. The foreign experience of organizing and implementing project financing in priority sectors of the economy is investigated. Based on the results of the study, conclusions were drawn about project financing and recommendations were developed on the development of this sphere.
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KUCHTA, Dorota. "REALISTIC PLANNING OF RESEARCH AND DEVELOPMENT PROJECTS." Business, Management and Education 17, no. 2 (December 31, 2019): 309–26. http://dx.doi.org/10.3846/bme.2019.11213.
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Purpose – the purpose of the article is to propose a more flexible approach to the planning of research and development projects, especially for the needs of project calls. In those calls, financial means are often refused to projects with a high level of uncertainty. The proposal should support a positive assessment of the most pathbreaking projects and a flexible reaction to the failure or partial failure of such projects. Research methodology – In the proposal type 1 and type 2 fuzzy sets are applied. The proposal will is using case studies. Findings – the results will modify the way research and development project are planned and controlled. Research limitations – the proposal has not been verified in practice, for which many more case studies and cooperation with financing institutions would be necessary. Also, it does not use up all the modelling possibilities of uncertainty and dependencies between various uncertain elements of the project plan. Practical implications – the results might be used in the design of forms used by various financing institutions (e.g. European Commission or national research funding institutions) in project calls. Originality/Value – the proposal presents an entirely different way research and development projects should be planned and described. Type 2 fuzzy sets are used for the description, where various elements of the project plan (e.g. objectives, methods, tasks) are assigned a possibility degree (of attainment, of usage etc.)
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Lee, Sanghyo, Baekrae Lee, Juhyung Kim, and Jaejun Kim. "A Financing Model to Solve Financial Barriers for Implementing Green Building Projects." Scientific World Journal 2013 (2013): 1–10. http://dx.doi.org/10.1155/2013/240394.
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Along with the growing interest in greenhouse gas reduction, the effect of greenhouse gas energy reduction from implementing green buildings is gaining attention. The government of the Republic of Korea has set green growth as its paradigm for national development, and there is a growing interest in energy saving for green buildings. However, green buildings may have financial barriers that have high initial construction costs and uncertainties about future project value. Under the circumstances, governmental support to attract private funding is necessary to implement green building projects. The objective of this study is to suggest a financing model for facilitating green building projects with a governmental guarantee based on Certified Emission Reduction (CER). In this model, the government provides a guarantee for the increased costs of a green building project in return for CER. And this study presents the validation of the model as well as feasibility for implementing green building project. In addition, the suggested model assumed governmental guarantees for the increased cost, but private guarantees seem to be feasible as well because of the promising value of the guarantee from CER. To do this, certification of Clean Development Mechanisms (CDMs) for green buildings must be obtained.
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Yasinovska, Iryna, and Olena Sheremeta. "Management of investment risks in the system of project financing." INNOVATIVE ECONOMY, no. 5-6 (August 2019): 164–68. http://dx.doi.org/10.37332/2309-1533.2019.5-6.23.
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Purpose. The aim of the article is to investigate the problem of investment risk management in the project financing system. Methodology of research. The methodological basis of the study is the dialectical method of scientific knowledge. General scientific and special methods are used in the process of research, namely: abstract and logical, deductive and system analyzes – in the study of the peculiarities of project financing implementation; problems of management of investment risks in the project financing system; substantiation of ways of activation of development of project financing in Ukraine. Findings. A literary review and analysis of modern approaches to defining the concept of “project financing” have been carried out. The problematic aspects of the development of project financing in Ukraine are identified and the most common instruments for neutralizing investment risks in project financing are analyzed. According to official statistics, a significant proportion of business entities are found to be operating at a loss or low level of profitability, which negatively affects their creditworthiness and limits access to bank lending. In such circumstances, an important way out of this situation is to activate the development of project financing. Project financing, taking into account investment risks, can be provided by reliable financially sound banks, which have effective risk management, long-term resources, highly qualified specialists in financial investment analysis and consulting. Originality. The reasons for insufficient distribution of project financing in the banking sector of Ukraine have been identified and the directions of its activation have been proposed. Practical value. The findings of the study, which are expressed in the conclusions and proposals, contribute to solving the problem of improving investment risk management in project financing. Key words: project financing; project risks; investment risk; investment climate; investment risk management.
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Md Lasa, Yati, Norizan Ahmad, and Roshana Takim. "Financing Preference Behaviour for Private Finance Initiative (PFI) Projects." Environment-Behaviour Proceedings Journal 1, no. 1 (June 26, 2016): 11. http://dx.doi.org/10.21834/e-bpj.v1i1.188.
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Project Financing Initiative (PFI) projects require the private sector to invest an enormous amount of capital for the development of public projects. The private sector has to seek cost-effective financing sources for their survival in the long-term concession. Conventional financing uses widely; however, Islamic financing promises better financing through profit and loss sharing. This paper reviews financing preferences for PFI projects and the factors influencing the choice of funding. The results show that religious perspective, quality of services, financing facilities and reputation are the factors that are expected will influence the financing preference behaviour, either Islamic or conventional finance.© 2016. The Authors. Published for AMER ABRA by e-International Publishing House, Ltd., UK. Peer–review under responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians) and cE-Bs (Centre for Environment-Behaviour Studies, Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia.Keywords: Conventional project finance; Islamic project finance; preference; Private Finance Initiative
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Holovnia, O. M. "International Practice of Innovative Technologies of Project Financing." Business Inform 6, no. 521 (2021): 44–49. http://dx.doi.org/10.32983/2222-4459-2021-6-44-49.
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In today’s world, the international community provides significant support in carrying out socio-economic and political reforms to countries that need it. Such support is provided in the form of official aid for the purposes of development, which includes international technical and humanitarian assistance, loans for repayment of foreign debt on preferential terms, financing of project activities. The article analyzes the state of Ukraine’s cooperation with international financial organizations in providing financial and technical assistance for the implementation of projects that are of great importance for structural reforms of the domestic economy. The national economy of Ukraine has been experiencing a lasting shortage of financial resources necessary for innovation and investment development projects, also for current needs of the State. Given the difficulties of mobilizing free cash in the domestic capital market, Ukraine attracts resources in foreign markets. Expanding partnerships with international donor organizations allows not only to find additional sources of funding for projects aimed at socio-economic and humanitarian development, but also to provide real help to those in need. The implementation of joint projects and programs involving communities and local authorities in practice makes it possible to gain useful and important experience based on the best world and European practices. It is examined that in the national economy the urgent problem is the search for new types of interaction between communities to solve socially important issues, including the search for unconventional sources of financing. To a large extent, the search for and involvement of funds in the social sphere is facilitated by innovative technologies for financing social development – fundraising, crowdsourcing and crowdfunding platforms, which are manifestations of social communications and become relevant in the context of decentralization and community development.
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Poradova, Monika, and Katarina Janoskova. "Impact of Credit Market Development on Project Financing." SHS Web of Conferences 91 (2021): 01022. http://dx.doi.org/10.1051/shsconf/20219101022.
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The purpose of our report is to assess the prospects and sentiment for bank financing in the real estate sector in Europe, based on the views of bank representatives from 15 European countries. The presented paper is devoted to the issue of project financing. The aim is to provide an analytical overview of the issue of project financing as a specific credit financing instrument with the current access to finance for banks in Europe. The paper consists of four parts. The first part deals with the issue of project financing, the different dates of project financing and classifies project financing in terms of penalties. The second part of the paper aims to clarify the alternative method of project financing and analysis of banks in Europe. The third part of the article addressed the concrete results of the analysis and carried out discussion. Describes the volumes of credit transactions. The fourth part deals with the conclusion of the issue of project financing. A descriptive method, analysis, mathematical-statistical methods, graphic methods, comparison and synthesis was used in the processing of the paper submitted. The result of this article is that, in the future, the general financing conditions are expected to remain relatively favourable across Europe. This may be due in particular to competitive pressure contributing to milder credit conditions. However, trade tensions, declining investments, as well as policy concerns on a global scale, may curb such optimism for the next few years.
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Chudnovets, A. Yu, and A. S. Plisova. "Applying the savings and credit scheme to finance projects for comprehensive multi-storey development." Economic Analysis: Theory and Practice 19, no. 3 (March 30, 2020): 508–19. http://dx.doi.org/10.24891/ea.19.3.508.
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Subject. We consider the efficiency of comprehensive multi-storey development as an investment project and the main criteria for attracting borrowed funds through bond issue; analyze special features of the two-tier financing scheme for multi-storey development with a detailed calculation of values. Objectives. The study aims to design a universal financing scheme with the possibility to modify parameters for specific investment projects in the construction sector for practical application by construction companies. We focus on developing an effective alternative to escrow accounts enabling better distribution of financial burden on the company over the entire life of investment project. It should ultimately prevent the increase in the price per square meter of residential and non-residential premises and the longer construction period. Methods. We employ methods of analysis, synthesis and modeling of savings and credit scheme of financing. Results. To simplify understanding the application of the bond loan by developers, we prepared a specific investment project for the existing construction company with a step-by-step calculation of the savings and credit financing scheme. Conclusions. Earlier, the bond loan as a borrowing tool has not been detailed and formulated as a clear mechanism for funding company's activities. We offer our own description of the application of savings and credit scheme to finance projects for comprehensive multi-storey development with step-by-step calculations.
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Zimmerman, Rae, Ryan Brenner, and Jimena Llopis Abella. "Green Infrastructure Financing as an Imperative to Achieve Green Goals." Climate 7, no. 3 (March 9, 2019): 39. http://dx.doi.org/10.3390/cli7030039.
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Green infrastructure (GI) has increasingly gained popularity for achieving adaptation and mitigation goals associated with climate change and extreme weather events. To continue implementing GI, financial tools are needed for upfront project capital or development costs and later for maintenance. This study’s purpose is to evaluate financing tools used in a selected GI dataset and to assess how those tools are linked to various GI technologies and other GI project characteristics like cost and size. The dataset includes over 400 GI U.S. projects, comprising a convenience sample, from the American Society of Landscape Architects (ASLA). GI project characteristics were organized to answer a number of research questions using descriptive statistics. Results indicated that the number of projects and overall cost shares were mostly located in a few states. Grants were the most common financial tool with about two-thirds of the projects reporting information on financial tools receiving grant funding. Most projects reported financing from only one tool with a maximum of three tools. Projects primarily included multiple GI technologies averaging three and a maximum of nine. The most common GI technologies were bioswales, retention, rain gardens, and porous pavements. These findings are useful for decision-makers evaluating funding support for GI.
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Jenkins, Mauricio, and Leo Miguel Guevara. "Financing renewable energy: La Esperanza Hydroelectric Project." Management Decision 52, no. 9 (October 14, 2014): 1724–49. http://dx.doi.org/10.1108/md-11-2013-0585.
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Purpose – This is a teaching case to be used in courses on funding and execution of renewable-energy projects, sustainable development, project finance or management of financial institutions. The case has been successfully used in courses at the graduate level as well as in executive education. The purpose of this paper is to achieve the following specific objectives. First, to illustrate the adjusted present value (APV) methodology to value investment projects in a project finance setting. Second, to show how APV methodologies can be used to value investment projects with subsidized financing and temporary fiscal incentives. Third, to understand how financial institutions use debt service coverage ratios to measure the capacity of projects to repay debt obligations. Design/methodology/approach – The primary source of information for the study case came from in-depth interviews with senior officials from E+Co and project sponsors. Documents from E+Co's loan approval process and investment committee minutes were also consulted. Also a site visit was performed. Findings – The case is quite interesting along several dimensions. To begin with the case deals with an important (and somewhat difficult decision) the general manager of a financial institution has to make. From a technical point of view, the case involves an APV analysis and requires the estimation of the value added (or destroyed) by several collateral effects of debt in the capital structure of the project (something seldom treated in formal courses or standard finance textbooks). In addition, even though standard financial analysis would probably have led to select on alternative course of action, the authors know the protagonist of the case actually decided to do something different based on an additional analysis (a nice postscript for the case, therefore). Research limitations/implications – Been a case study, the findings may be quite particular of the particular situation and context. However, the case provides good insight into the difficulties and problems entrepreneurs face in developing economies as well as in funding small renewable energy projects around the world. Practical implications – The case provides a number of important lessons and learning opportunities for sponsors of renewable energy power projects and managers of financial institutions. Originality/value – Please refer to the findings section above.
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Gautam, Anup, and Santosh Kumar Shrestha. "Optimal Capital Structure for BOOT/BOT Model Hydropower Projects in Nepal." Journal of Advanced College of Engineering and Management 5 (December 15, 2019): 117–22. http://dx.doi.org/10.3126/jacem.v5i0.26720.
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Nepal has a huge hydropower potential which is yet to be developed. Hydropower are capital intensive infrastructure where financing from single source is not practical, so a financial mix is essential, i.e. debt and equity financing. Projects have been practicing different financial structures. Therefore a proper capital structure is necessary for maximizing return from the hydropower project.
The main objective of this research is to determine the parameters that influence hydropower financing, collect data on parameters, analyze them and determine the optimal capital structure for hydroelectric projects in Nepal.
The data of operating hydropower projects are collected from secondary sources mainly Department of Electricity Development, Nepal Electricity Authority and other published internet sources. The data is processed and financial analysis is performed for numerous cases using an excel sheet powered by visual basic application.
The key parameters affecting hydropower financing are total project cost, annual generation (Dry and wet energy), interest on loan and interest on equity while other parameters are not frequently variable. The feasibility of the project is found to be greatly influenced by the cost of development and generation revenue. The optimal capital structure of hydropower projects is dependent on the key parameters.
The cost of hydropower development in Nepal is found to be diverse with an average per megawatt cost of NRs. 219.2 million and standard deviation of NRs. 65.9 million. Energy generation varies from time to time and plant to plant with an average plant factor of 0.53 (Standard Deviation 0.20) out of which 33.16% is dry energy. The cost of loan varies from 8% to 12% and the cost of equity ranges 12% to 16%. The optimal capital structure for BOOT model hydropower projects in Nepal falls in the range of 11% to 34% with an expected value of 20.79%.
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Zhang, C. "Project Management in Joint Venture Power Development." Wind Engineering 24, no. 3 (May 2000): 233–39. http://dx.doi.org/10.1260/0309524001495585.
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This paper discusses developing renewable power projects in a multi- country Joint Venture (JV) environment. A number of key factors in doing JV renewable power projects are analysed which cover Power Purchase Agreements (PPA), JV arrangements, project company structures and financing structures. A commonly preferred procedure for JV power project development is set out. First hand experiences are also reported to illustrate potential loopholes in JV renewable power project management.
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Soyeju, Olufemi. "Mitigating Legal Risks in Nigeria's Project Finance Market." African Journal of International and Comparative Law 25, no. 3 (August 2017): 442–55. http://dx.doi.org/10.3366/ajicl.2017.0204.
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Project finance is a subset of financial techniques used traditionally in raising long-term debt financing for projects particularly in the energy and mining sectors of the economy. However, over the years, it has proved helpful in raising the required funds to drive public infrastructure projects through the public private partnership framework. By its nature, project finance is either non-recourse, or of limited recourse, to the project sponsors and hence identifying the various risks and determining who should bear these risks is the overarching essence of project finance technique. These uncertainty and risks may have significant impact on outturn costs or benefits of a particular infrastructure project. Generally, typical project finance transaction is fraught with many project risks which sometimes overlap. However, among these inherent risks there are some that are legal in nature and hence they are referred to as legal risks. So, this article seeks to interrogate the related legal risks in project finance as a financing technique to fund development of infrastructure and in particular, the procurement of critical public infrastructure assets in Nigeria and the various ways by which these risks can be mitigated to drive infrastructure development in the country.
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Losev, Aleksandr, Natalia Loseva, and Nadezhda Kizatova. "The Mathematical Model for Financial Provision of Project-Based Education Programmes." Regionalnaya ekonomika. Yug Rossii, no. 2 (August 2019): 76–85. http://dx.doi.org/10.15688/re.volsu.2019.2.8.
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The main purpose of this work is to develop a new financial and mathematical model for managing higher education institutions in conditions of normative per capita financing, as well as to elaborate a dynamic descriptive model, which would take into account the specificity of financial support for universities’ educational and research activities in implementing project-based education programmes. The research has been carried out within one of the areas of education economics dealing with developing strategic financial management methods and algorithms. Over the past decade, there have been at least two major changes in the operating conditions of higher education institutions. Firstly, the principle of education institution financing has radically changed: from estimated budget financing to normative per capita one. Meanwhile, the vast majority of education institutions have yet not been able to realign their financial management systems according to new requirements. This problem is being addressed, inter alia, by developing new models and algorithms for financing all areas of university activities. Secondly, transition to new models of university complexes is currently under way. Thus, it has become necessary to build mathematical models for financing, staffing and administering university transformation into a regional centre of innovative, technological and social development. New approaches to resourcing relevant programmes are needed in order to establish an innovative and entrepreneurial university with an academic core and inter-disciplinary infrastructure which would provide staffing and intellectual support for developing region’s high-tech economic and social sectors through the effective integration of science, education, industry, development institutions and nonprofit socially-oriented organizations. Addressing these two problems requires developing financial and mathematical models for financing, staffing and administering university transformation into the regional centre of innovative, technological and social development. This paper presents a dynamic economic and mathematical model for budgeting structural subdivisions of higher education institutions, which introduce project-based training into the educational process on the basis of the current educational standards, curricula and financial plans of education programmes, and the methodology of normative per capita financing.
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Teteryatnikov, K. S., S. G. Каmolov, and A. A. Pyatova. "Financing Smart Cities’ Development: Doran’s Concept of the Project Universe." Russian Economic Journal, no. 3 (July 2020): 50–62. http://dx.doi.org/10.33983/0130-9757-2020-3-50-62.
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The article is meant to analyze various strategies and models for the development of smart cities, as well as the concept of project financing of smart cities, proposed by Pietro Doran, one of the founding partners of the world’s first smart city built from scratch in South Korea — Songdo. The authors believe that Songdo’s financing model, based on P. Doran’s Project Model can be considered as an effective way to attract investment in greenfield projects for the development of «smart cities» in Russia on the basis of public-private partnership.
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Winters, Matthew S., Simone Dietrich, and Minhaj Mahmud. "Perceptions of foreign aid project quality in Bangladesh." Research & Politics 4, no. 4 (October 2017): 205316801773520. http://dx.doi.org/10.1177/2053168017735200.
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How does information about the presence of foreign financing in a development project change people’s perceptions of that project? Using an informational experiment in Bangladesh, we find that information about US financing of a specific development intervention sends a positive signal about project quality; this effect is concentrated among individuals who are the least likely to have been exposed to the information ex ante. The information does not change the already high demand for foreign aid but does help citizens target their demands toward the existing donor. That foreign funding can be a signal of project quality helps explain an existing finding in the literature that individuals prefer foreign aid projects to government projects.
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Zhong, Jin Ru. "Feasibility Analysis of Small Hydropower Projects ABS Financing." Advanced Materials Research 179-180 (January 2011): 717–21. http://dx.doi.org/10.4028/www.scientific.net/amr.179-180.717.
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The small hydropower, as a kind of clean energy, plays an important role in protecting the environment, realizing sustainable development. In order to resolve the liquidity problems of long-term bank loans of small hydropower projects and accelerate development of small hydropower construction. This paper analyses the characteristics of ABS financing mode, the superiority and feasibility of ABS mode applied in a small hydropower project. And the basic operational procedures and the basic pattern of ABS mode in small hydropower project were put forward.
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Howell, David, and Mark Henschke. "FINANCING OFFSHORE PROJECTS." APPEA Journal 29, no. 1 (1989): 59. http://dx.doi.org/10.1071/aj88009.
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Project financing is entering a new phase with the forthcoming petroleum developments in difficult areas such as Papua New Guinea.Added to the usual project financing risks, such as oil price, reserves and completion considerations, are new risks associated with the country. These are collectively termed 'political risk', and encompass expropriation, wars and currency controls.Four ways of mitigating political risk are individual banks increasing country limits, developer self- insurance, political risk insurance and the use of export credit finance. None of the above is a single solution, but all can be used in solving the problems associated with political risk.
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POKAMESTOV, DMITRY A., and ALLA A. KONDRATYEVA. "PROJECT FINANCING O F T HE DIGITAL TRANSFORMATION STRATEGY OF THE UNIVERSITY." Scientific Works of the Free Economic Society of Russia 226, no. 6 (2020): 311–26. http://dx.doi.org/10.38197/2072-2060-2020-226-6-311-326.
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The digital transformation of Russian universities, responding to the challenges and requirements of the new technological order, supposes the formation of an informative and educational environment, including digital infrastructure and technologies that transform the activities of the university in accordance with the conditions and requirements of the digital economy. Today, 20 leading universities are involved in the development and testing of the “digital university” model, which have included digital transformation modules in the strategic development programs and use project activities as the main tool for organizing the basic processes of RPS implementation. However, program presents a business model and there is practically no financial model that interprets the ratio of costs and benefits from digitalization projects. The financial outline of the university’s digital transformation strategy proposed in the study proves the feasibility of developing project financing in the field of higher education and makes it possible to form information-resource and financial models of basic projects of the university’s digital transformation strategy.
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Gao, Xun Kuo, and Jian Ying Yang. "Based on the Model of ISM in Risk Analysis for the BT Reclaimed Water Project." Advanced Materials Research 601 (December 2012): 449–53. http://dx.doi.org/10.4028/www.scientific.net/amr.601.449.
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The source of capital construction projects is one of the bottlenecks of restricting the reclaimed water projects development which is one of the municipal infrastructures. Project financing can be solving the capital source of projects very well. Renewable water project investment and financing mode as the breakthrough point, analyzed the characteristics of the renewable water project, put forward the BT mode in renewable water the feasibility of application of the project, and analyzed the reclaimed water projects related to the main risk elements and its origin, used interpretative structure model (ISM) to establish risk factors charts, get the main risk factors should be controlled and the relationship between each other, offer the reference for the recycled water project decision-making and the risk management.
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Kookueva, V. "The Main Problems Of Financial Support Of National Projects In Russia." Scientific Research and Development. Economics of the Firm 10, no. 1 (April 8, 2021): 19–27. http://dx.doi.org/10.12737/2306-627x-2021-10-1-19-27.
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The article presents a brief description of national projects, assesses the system of their financing. In the context of each national project, the system of financial support is analyzed, the problems of implementation, financing and determining the effectiveness of the use of budget funds are highlighted. Special attention is paid to projects aimed at economic growth, their role in the innovative development of the country is shown. The main problems of implementation of national projects, their integration into state programs are highlighted. Directions for improving the implementation of projects and the effective use of budget funds are proposed.
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Popov, Evgeny, Anna Veretennikova, and Alisa Safronova. "Mathematical Support for Financing Social Innovations." Mathematics 8, no. 12 (December 1, 2020): 2144. http://dx.doi.org/10.3390/math8122144.
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The use of socially innovative projects for solving social problems by actively involving civil society is a promising and much sought-after area of social development. However, the priority of social goals over economic outcomes in the implementation of such projects significantly limits the speed and effectiveness of their implementation. In this connection, the use of a mathematical tool for the financing and resource provision of social innovations creates new opportunities in terms of the assessment and development of such projects. In order to develop and substantiate tools for the mathematical support of financing social innovations, the role of the collaborative economy in the development of social innovations initiated from below is substantiated. The proposed mathematical toolkit includes a linear algorithm describing the logic of the developed approach, a methodology for assessing socially-innovative projects based on an adapted McKinsey matrix, a methodology for assessing the institutional environment, as well as a mapping of project correspondences in an adapted McKinsey matrix along with collaborative economic tools recommended for resource provision. The described set of collaborative economy tools is recommended for use in the development and implementation of social innovations. The mathematically-described algorithm proposed by the authors is aimed at developing resource provision strategies for social projects by evaluating their competitiveness and attractiveness in terms of the social function they perform while taking the characteristics of the particular institutional environment into consideration. The result of applying this algorithm comprises a set of collaborative economy tools for use in the development and implementation of socially-innovative projects. The application of this algorithm is shown on the example of an evaluation of ten projects implemented in the Ural region and applying for assistance from support funds. The theoretical significance of the proposed results lies in the development of methodological tools for assessing socially-innovative projects. The practical significance lies in the possibility of applying the obtained results in the development of an online calculator used to assist in forming a social project resource provision strategy.
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Reichardt, Philip, and Stuart Wilcox. "Financing petroleum projects and the impact of uncertainty." APPEA Journal 49, no. 2 (2009): 583. http://dx.doi.org/10.1071/aj08056.
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Financial institutions provide funding to the upstream oil and gas industry for a variety of projects including assisting with asset purchases, field appraisals and developments. Various uncertainties including reservoir, macro-economic and political variables are major considerations for financial institutions and have a considerable impact upon the type of finance offered for a project. The primary considerations for exploration and production (E&P) companies requiring capital are the quality and stage of development of their resources. The level of resource uncertainty may be considered on a spectrum from proved developed producing reserves to contingent or prospective resources. Financial structures are designed to balance resource uncertainty with a commensurate level of return to the investor. This paper presents a brief overview of the forms of finance available, highlights how uncertainties and risks affect the type of finance provided and explores the assessment of reservoir risk through petroleum engineering and geology and geophysics. In addition to resource uncertainty, this paper also discusses other risks including project execution, commodity prices, project costs, security coverage, the political environment and country risk, and the impact of these factors on project financing. The paper will also touch upon various risk mitigation factors, including product hedging and political risk insurance.
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Tirumala, Raghu Dharmapuri, and Piyush Tiwari. "Land-Based Financing Elements in Infrastructure Policy Formulation: A Case of India." Land 10, no. 2 (January 29, 2021): 133. http://dx.doi.org/10.3390/land10020133.
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A rapid increase in land and property values has been one of the driving forces of urban ecosystem development in many countries. This phenomenon has presented project proponents/policymakers with multiple options and associated challenges, nudging them to configure or incorporate elements of land-based financing in their policies and legislations. Specifically, the Government of India and various state governments have sought to monetize land through diverse instruments, for augmenting the financial viability of infrastructure and area development projects. This paper compares Indian central and state infrastructure policies/acts with regard to land monetization strategies. The analysis indicates that policies and legislations are taking a turn towards promoting land monetization mechanisms as a financing tool for cities and project implementation agencies. However, the approach is cautiously used and implementation is often seen to fall behind actual project timelines. Based on the findings, key determinants of a successful policy that captures an increase in land values, are identified. The learnings provide useful inputs for states to strengthen their policy documents and legislative/institutional frameworks, for ensuring the effectiveness of land-based financing tools.
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Ganbat, Khaliun, Inessa Popova, and Ivan Potravnyy. "Impact Investment of Project Financing: Opportunity for Banks to Participate in Supporting Green Economy." Baltic Journal of Real Estate Economics and Construction Management 4, no. 1 (November 1, 2016): 69–83. http://dx.doi.org/10.1515/bjreecm-2016-0006.
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Abstract The article analyses impact investment of project financing. Companies’ own funds, own funds of the consortium members, the company’s own resources and budget funding, own funds of the company on the basis of a production sharing agreement, borrowed funds; the funds raised by the bond issue are all considered as the project financing sources in the natural resource field. The purpose of this article is to consider various opportunities to support environmentally oriented projects in the framework of project financing, including through attracting funds of banks for the development of “green” economy. The role of banks and the banking sector in supporting environmentally and socially oriented projects is analysed. The experience of banks in Asia, Europe and the United States in terms of “green” economy projects is shown. Moreover, environmental and social risks, and impact of a project, the project compliance with the norms and standards of responsible finance are all considered in this article. Classification of environmental projects with the purpose of project financing is proposed, and also the scheme of interaction between stakeholders is shown, including banks, in the implementation of projects reducing greenhouse gas emissions. Furthermore, impact investment in financing projects with the participation of banking sector is analysed and justified on the example of such countries as Mongolia, Russia, Japan, the United States and others. Evaluation procedures and the selection of projects for social investment purposes are shown in the article, including the measures of supporting banks for the project implementation in the field of “green” economy. The following research methods are considered: systematic analysis, environmental economic analysis environmental auditing, statistical methods for evaluating the costs and benefits from implementing environmentally oriented projects, methods of assessment of damage from environmental pollution, etc.
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Pantić, Nemanja, Nikola Krunić, and Iva Matić. "The possibility of using international project financing for defense systems." Vojno delo 72, no. 1 (2020): 56–70. http://dx.doi.org/10.5937/vojdelo2001056p.
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The term "project financing" is often used to describe all types of project financing, but in recent years it has evolved towards a more precise definition, so that it implies the financing of a particular economic unit in which lenders are comfortable to rely initially on the cash flow and income of these economic units, which the loans will be repaid from, and on the property of that economic unit as collateral for the given loan. Project funds can be adequately used to finance the defense system. They generally fall into the category of development priorities and usually enjoy numerous benefits (primarily tax and customs benefits) provided by the host country of a project, which generally generates more income for participants in project financing than when it comes to conventional credit. The BOT model for financing infrastructure projects has a number of potential benefits and it is an effective alternative in many countries with a more traditional approach to using government borrowing or state budget, with the government retaining strategic control over the project which will become public sector property.
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Reddy, Srinivas K., and Yee Heng Tan. "Crowdfunding: Financing Ventures in the Digital Era." GfK Marketing Intelligence Review 9, no. 1 (May 1, 2017): 36–41. http://dx.doi.org/10.1515/gfkmir-2017-0006.
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Abstract Crowdfunding is a method of raising funds to support a venture, usually by raising small amounts from a large number of investors. Typically, a project creator posts a project on a platform seeking a certain amount of funds for some venture. Potential backers view the project and contribute money if they are convinced of the idea. In most cases, these backers receive something in return. Crowdfunding helps facilitate projects that would otherwise have fallen through the cracks. There are many success stories, but the average success rates are moderate. To succeed, it is necessary to manage the expectations of diverse stakeholders during the entire funding and development process. Success factors range from selecting the right platform to accurate communication all along the way. Prior experience helps, as well as a realistic assessment of the chances, so as not to disappoint the community.
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Lavryk, Oleksandr, and Ruslan Ponomarenko. "PROJECT FINANCING AND ITS ROLE IN THE MODERN ECONOMY OF UKRAINE." Economic Analysis, no. 27(4) (2017): 139–44. http://dx.doi.org/10.35774/econa2017.04.139.
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Introduction. Due to the peculiarities of the development of a modern institutional environment, project funding, which in this paper is the subject of the study, in the form in which it is used by Western national and multinational corporations, cannot be applied in Ukraine. A certain transformation of the approaches which are developed by foreign practice is necessary. It is also required their adaptation to the modern conditions of the country, the distinguishing features of which are the instability, imperfection and incompleteness of information. Studying and theoretical understanding of the approaches, which are worked out by developed countries, to the organization of project financing in combination with the scientific synthesis of their own experience in the field of investment financing can become the basis for the formation of the domestic concept of project financing as one of the elements of an effective mechanism of financial support of investment activity. It should take into account the peculiarities of the national economic system and traditions of entrepreneurship development. Purpose. The article aims to carry out the scientific, theoretical and practical justification of project financing, to ground its role in modern economic conditions, to improve the project financing as a tool for regulation of the investment market, which is aimed at increasing the efficiency of its activities. Method (methodology). We have used the method of estimation and analysis of risks and financing efficiency, method of estimation of financial and economic activity indicators, statistical methods to solve the tasks of the research. Results. It has been carried out the comprehensive solution of theoretical and practical issues of forming the national concept of project financing that meets the needs of economic development and its emergence on the trajectory of sustainable economic growth. It can improve the investment climate in the country, improve the efficiency of transformation of savings into real investments, and attract foreign investors to the country.
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Manzoor, Davood, Majid Karimirizi, and Ali Mostafavisani. "Financing infrastructure projects based on risk sharing model: Istisna sukuk." Journal of Emerging Economies and Islamic Research 5, no. 3 (September 30, 2017): 72. http://dx.doi.org/10.24191/jeeir.v5i3.8832.
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One of the basic needs of developing countries is the economic infrastructure that is the basis of growth and development in other sectors of the economy. The lack of proper response to financing needs in this sector will result in economic development that faces major challenges anddifficulties. Designing an optimal solution to financing these types of projects is thus, a fundamental need. These projects have two main characteristics that should be considered in the financing method. The first is long-term period to constructing and the second is the high cost of implementation. The use of Islamic financial innovations based on Islamic contracts can meet many of these needs.States in developing countries have so far preferred to raise fund based on debt, ignoring the fact that this kind of financing and choice of method will cause many problems for the economy. Financial crises and economic stability, creating a leverage in the economy, budget deficit, inflation and the distribution of risk among economic agents are the issues that affect the structures and models of financing. IstisnaSukukhas the potential to be used for infrastructure project financing and can be combined with other contracts, including Ijarah and Musharakah, for these types of projects. In this paper, various models are presented and examined to show that by adapting the financial flows of state-owned projects with real economy, especially in the field of infrastructure, the macroeconomic imbalances can be avoided. This is most relevant in the "Istisna-Musharakah-Stock" model.
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ZOLOTUKHIN, Yevhen. "METHODICAL APPROACH TO JUSTIFICATION OF POSSIBLE AMOUNT OF CAPITAL PROJECT DEBT FINANCING OFLOCAL AUTHORITIES." WORLD OF FINANCE, no. 4(53) (2017): 145–55. http://dx.doi.org/10.35774/sf2017.04.145.
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Introduction. The economic independence of local government is associated with the availability of capital expenditures financing funds which are decisive factor in boosting regional development. However, Ukrainian realities indicate a limited amount of their own financial resources for local authorities which should be directed to capital financing. Under such conditions, the problem of research on alternative forms of financing, one of which is debt finance, is becoming increasingly clear and requiring a scientificjustification forthe limits of their use. Purpose. Studying the forms of capital project financing of local government and developing and substantiating methodical approach for determining the maximum amount of debt finance at local level. Results. The generalization ofthe existing forms ofcapital project financing oflocal development in Ukraine, criteria of their choice are summarized. The direct connection between the territory debt potential and its financial capacity is proved. The expediency is substantiated and the methodology of using optimization linear programming methods in determining borrowing limits of cities is provided. Conclusions. The proposed methodology for assessing the potential of borrowing of local authorities primarily depends on the cost of the capital project, as well as ensuring the sustainability of the financial condition of the local budget. The scientific and practical value of the constructed model is to improve the methodological approach to defining the threshold value of the amount of borrowed funds that cities can attract for a specific capital project, subject to maintaining a high level of financial and debt sustainability of the local budget.
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Selimova,, D. D. "Project financing in ensuring the social and economic development of the Republic of Dagestan." Voprosy regionalnoj ekonomiki 40, no. 3 (September 30, 2019): 156–63. http://dx.doi.org/10.21499/2078-4023-2019-40-3-156-163.
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The article substantiates the importance of project management to ensure the development and competitiveness of the economy of the Republic of Dagestan. The projects implemented in the republic within the framework of national projects are considered. The main problems and priority areas for the development of project activities in the Republic of Dagestan in order to improve the socio-economic development of the region are outlined.
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Micelli, Ezio. "Modelli ibridi di partnership pubblico-privato nei progetti urbani." SCIENZE REGIONALI, no. 2 (July 2009): 97–112. http://dx.doi.org/10.3280/scre2009-002005.
Full textAbstract:
- Considering PPP in urban projects, project financing and integrated development programs increasingly share a common economic approch and determine relevant issues as far as the relations with the general planning tools are concerned. Thanks to such urban management tools, local administrations can trade land capital gains with investiments in public infrastructures and services otherwise financed by public funds. Both tools, nevertheless, appear to be potentially in contradiction with the urban plans whose radical evolution is then necessary for an effective synergy with the emerging PPP instruments in the urban field.Keywords: Project financing, integrated programs, public private partnership.Parole chiave: Project financing, programmi integrati, partnership pubblico-privato.JEL classification: H54, H76, R52
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Veis, Y. V., O. Y. Eremicheva, L. A. Ilyina, and V. S. Tikhonov. "Efficiency Evaluating of Project Training Investing as a Method of Private Investors Involvement." SHS Web of Conferences 62 (2019): 04004. http://dx.doi.org/10.1051/shsconf/20196204004.
Full textAbstract:
At present, practice-oriented training is taking on particular importance. Innovative projects carried out on the basis of the university with the participation of interdisciplinary project teams can be one of the elements of that kind of training. In order to provide the training of specialists that meet the requirements of international standards, it is necessary to develop mechanisms for attracting non-budgetary sources for investment in the field of education. The main direction of development of the education system in a market economy is the implementation of reforms aimed at overcoming the lack of financing of the higher education system. The participation of private investors will allow diversifying sources of financing in the implementation of practice-oriented project training. The possibility of implementing innovative projects with the participation of specialists from different levels of training and different professional competencies contributes to the creative approach development and problem-solving. In the course of work, participants can increase their professional level and expand the range of their competencies. The possibility of bringing a project to the commercialization stage will allow the project team (with the participation of the university) to create new jobs, integrate financial resources from the project implementation to the development of follow-up projects. Practice-oriented project training is the most important factor in social and economic development and the realization of the country's intellectual potential, determining the qualitative characteristics of labor forces and playing an important role in the development of the economy and society.