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Financing and Investing in Infrastructure, Università Bocconi

4.8
618 ratings
204 reviews

About this Course

Learn how debt and equity can be used to finance infrastructure investments and how investors approach infrastructure investments! According to the OECD, the global infrastructure investment requirement by 2030 for transport, electricity generation, transmission & distribution, and water & telecommunications totals to 71 trillion dollars. This figure represents about 3.5% of the annual World GDP from 2007 to 2030. The European Commission estimated, that by 2020, Europe will need between 1.5 - 2 trillion Euros in infrastructure investments. Between 2011 and 2020, about 500 billion Euros will be required for the implementation of the Trans-European Transport Network (TEN-T) program, 400 billion Euros for Energy distribution networks and smart grids, 200 billion Euros on Energy transmission networks and storage, and 500 billion Euros for the upgrade and construction of new power plants. An additional 38 - 58 billion Euros and 181 - 268 billion Euros in capital investment will be needed to achieve the targets set by the European Commission for broadband diffusion. Traditionally investments in infrastructure were financed using public sources. However, severe budget constraints and inefficient management of infrastructure by public entities have led to an increased involvement of private investors in the business. The course focuses on how private investors approach infrastructure projects from the standpoint of equity, debt, and hybrid instruments. The course concentrates on the practical aspects of project finance: the most frequently used financial techniques for infrastructure investments. The repeated use of real life examples and case studies will allow students to link the theoretical background to actual business practices. In the end of the course, students will be capable of analyzing a complex transaction, identifying the key elements of a deal, and suggesting proper solutions for deal structuring from a financial advisor's perspective. Course Format The course will consist of lecture videos, readings, and talks given by guest speakers. Although we do hope you will attend the entire course, it is possible to just focus on single topics. Suggested Readings The course is designed to be self-contained, there are no obligatory readings that must be acquired outside of the course. For students interested in additional study material, you may refer to: • Gatti Stefano, "Project Finance in theory and practice", Academic Press, 2nd edition, 2012....

Top reviews

By CY

Nov 03, 2017

Great course and great professor! I think this really helps me to understanding the fundamental knowledge of project finance. I think the additional study materials are really worth reading!

By JM

Oct 05, 2016

Excellent course !!! Provides useful insights into the Infrastructure/Project Finance. Professor has dealt the subject in such a lucid and measured way that it was heart filling experience.

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199 Reviews

By Baptiste Monteux

Mar 18, 2019

Very good course as an introduction to corporate finance with real application.

By zach sooin yun

Mar 18, 2019

So excellent for study of financing(ie PF)

By Shruti Sharma

Mar 09, 2019

Stefano Gatti is amazing and the structure of course in so flowy. His approach to explain is nice.

By Sayantan Ghosh

Mar 06, 2019

Awesome with great explanation and up-to-date cases.

By Matea Golem

Mar 05, 2019

I find this course very useful. It handles the material in a manner that is understandable to everyone, not just those educated in the finance field. It gives a general picture of investing in infrastructure projects and is, above all, useful and interesting. My recommendations.

By Abhisek Mondal

Mar 04, 2019

Magnificent course. Impeccably designed and nicely summarized for all those who are or wish to enter into the field of project finance. A strong recommendation from my side.

By Shakur Reajat

Mar 02, 2019

An excellent course for people who want to know how project finance works. The instructor was really good with explaining 'complicated' topics in a way that made it quite easy for me to understand them.

By alexandra jaramillo diaz

Feb 22, 2019

It is an excellent course!

By Pathias Akabanjuna

Feb 21, 2019

Great course with lots of expert advice to learn from. Everyone interested in Infrastructure Finance should undertake this course.

By Serdar Küçükçirkin

Feb 11, 2019

A comprehensive course for an introduction to project finance. It could have been even better if more advanced, detailed real life cases are included (e.g. what happens when obligations of contracts violated, what are the cases when precautionary terms worked (or not) to save the project, some examples where the model could only be built with specific interventions etc.). Or an advanced version of this course could be designed. Even more, a certification process could be arranged regarding the limited variety of certificates that Coursera offers.