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on the Risk Analysis of Project Finance in BTL Project  

Song, Kyu-Ryol ((주)동우E&C 건설관리사업부)
Jung, Eul-Kyu ((주)태영건설)
Im, Chil-Soon (관동대학교 건축학부)
Publication Information
Journal of the Korean housing association / v.17, no.6, 2006 , pp. 83-90 More about this Journal
Abstract
The purpose of this study is to apply efficiently a successful Project Finance in BTL. To use Project Finance, it is necessary to Risk Analysis of each work step. This Risk Analysis have to repeatedly progress in overall Project Process. The differences between Corporate Finance and Project Finance are remarkably appeared in Risk Allocation and Limited Resource. To use successful Project Finance in construction industry, first, raising project confidence, second, technical : economical : lawful evaluation by Finance Expert, third, Income Guarantee for Lender or Consortium of Lending Banks, forth, Leverage Effect of Project Sponsor must be preceded.
Keywords
Project Finance; Corporate Finance; Risk Allocation; Project Sponsor; BTL(Build-Transfer-Operate);
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