Link Melbourne City, $ 2 billion privately-funded road project, was one of the first fully electronic toll road in the world. While the Victorian Government said this innovative tolling system in the tender for the project, she left the implementation and enforcement of the consortium that was selected for financing, design, construction and operation of the road. This event allows students to focus on the financing of large-scale privately financed infrastructure project through the capital markets. It is designed to teach students about the distribution of risks, which are common in project financing arrangements where lenders have limited or no recourse to the sponsors of the project. Analyzing the structure of the transaction, the students can evaluate how specific risks were identified by the project sponsors, building contractors, equity investors, the banking syndicate, and the government. HKS Case Number 1539.0 "Hide
by Jay H. Walder 23 pages. Publication Date: June 1, 1999. Prod. #: HKS065-PDF-ENG
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