Project financing are a collection of documents at the end of the day
the lawyers other people who draft the project financing.
It's they are choosing and having a good lawyer representing each of
the individual parties as a key [INAUDIBLE] project financing and
there is a [INAUDIBLE] skill that goes with this and there's such a firms and
law firms and individuals that specialize in both project financing and
sometimes specific industry in project financing.
And having those good and competent people on your team are certainly one
of the great, marking points of whether you're going to be successful in project.
Or not. And of course this is project finance so
there are clearly financiers.
We'll talk more about these people later on but
the major project financiers are banks.
This has been a banking industry product for
a very long period of time although now capital markets and
institutional investors are beginning to take a much bigger and
more dominant role in some of this segments going forth.
I never expect to see the banks replaced in this industry because,
they have the ability to manage a project develop over a period of time.
But certainly institutions, investors, insurance companies and
pension plans are becoming bigger players in this industry [INAUDIBLE] often
