Project Finance
Project Finance is a method of raising long-term debt financing for infrastructure developments, based on lending against the cash flow generated by the project itself.
Perils insured
Core Cover:
- Expropriation
- War
- Currency inconvertibility/ non-transfer
Additional Cover:
- Selective discrimination
- Deprivation
- Forced abandonment/ forced divestiture
- Embargo
- License cancelation
- Abrogation of associated agreements
- Non-honouring of guarantees
- Government failure to honour arbitration award