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auto;padding:0 16px;font-family:ui-sans-serif,system-ui,-apple-system,\"Segoe UI\",sans-serif;line-height:1.55;overflow-wrap:break-word}#nxe-n2g2pm6v.nxe :where(*,*::before,*::after){box-sizing:inherit}#nxe-n2g2pm6v.nxe :where(section,header,footer,nav,aside){display:block;margin:0 0 32px}#nxe-n2g2pm6v.nxe :where(h1,h2,h3,h4){line-height:1.2;margin:24px 0 12px;font-weight:600}#nxe-n2g2pm6v.nxe :where(p,ul,ol,dl,table,figure,details){margin:0 0 16px}#nxe-n2g2pm6v.nxe :where(ul,ol){padding-left:20px}#nxe-n2g2pm6v.nxe a{color:inherit;text-decoration:underline;text-underline-offset:2px}#nxe-n2g2pm6v.nxe table{border-collapse:collapse;width:100%;display:block;overflow-x:auto}#nxe-n2g2pm6v.nxe :where(th,td){padding:6px 8px;text-align:left;vertical-align:top;border-bottom:1px solid;border-color:inherit}#nxe-n2g2pm6v.nxe svg{display:none}#nxe-n2g2pm6v.nxe svg.nx-i{display:inline-block;width:18px;height:18px;vertical-align:-3px}#nxe-n2g2pm6v.nxe :where([role=\"tablist\"],[role=\"toolbar\"],[hidden],button,.nx-theme-toggle,.nx-live-slot){display:none}#nxe-n2g2pm6v.nxe img{max-width:100%;height:auto}<\/style><svg class=\"nx-defs\" aria-hidden=\"true\" focusable=\"false\" width=\"0\" height=\"0\"><defs><linearGradient id=\"nx-gi\" x1=\"0\" y1=\"0\" x2=\"1\" y2=\"1\"><stop offset=\"0\" class=\"nx-gi-a\"\/><stop offset=\"0.55\" class=\"nx-gi-b\"\/><stop offset=\"1\" class=\"nx-gi-c\"\/><\/linearGradient><linearGradient id=\"nx-giu\" gradientUnits=\"userSpaceOnUse\" x1=\"0\" y1=\"0\" x2=\"800\" y2=\"0\"><stop offset=\"0\" class=\"nx-gi-a\"\/><stop offset=\"0.55\" class=\"nx-gi-b\"\/><stop offset=\"1\" class=\"nx-gi-c\"\/><\/linearGradient><linearGradient id=\"nx-gp\" x1=\"0\" y1=\"0\" x2=\"1\" y2=\"1\"><stop offset=\"0\" class=\"nx-gp-a\"\/><stop offset=\"1\" class=\"nx-gp-b\"\/><\/linearGradient><\/defs><\/svg><section class=\"nx-hero\" data-layout=\"dossier\" aria-labelledby=\"nx-title-1\"><div class=\"nx-container\"><div class=\"nx-theme-toggle\" role=\"group\" aria-label=\"Appearance of this page\" hidden><button type=\"button\" data-mode=\"light\" aria-pressed=\"false\">Light<\/button><button type=\"button\" data-mode=\"dark\" aria-pressed=\"false\">Dark<\/button><button type=\"button\" data-mode=\"auto\" aria-pressed=\"true\">Auto<\/button><\/div><div class=\"nx-folio\" aria-label=\"Document reference\"><strong>A06 \u00b7 TOPIC \u00b7 infrastructure-project-finan<\/strong>GRA dossier \u00b7 service level R0<\/div><div class=\"nx-hero-grid\"><div class=\"nx-hero-text\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">GRA<\/span><span class=\"nx-eyebrow\" aria-hidden=\"true\">\u00b7<\/span><span class=\"nx-eyebrow\">Development Finance Nexus<\/span><span class=\"nx-eyebrow\" aria-hidden=\"true\">\u00b7<\/span><span class=\"nx-eyebrow\">Established<\/span><\/div><div class=\"nx-accent-row\"><span class=\"nx-accent-rule\" aria-hidden=\"true\"><\/span><span>Topic dossier \u00b7 Development Finance Nexus<\/span><\/div><h1 id=\"nx-title-1\" class=\"nx-hero-title\">Infrastructure project finance<\/h1><p class=\"nx-tagline\">Project finance funds an infrastructure asset through a special purpose company whose debt is repaid from the asset's own cash flows, secured on its contracts rather than the sponsor's balance sheet. Development banks, DFIs, export credit agencies and commercial lenders use it for power plants, toll roads, ports and water concessions, often as public-private partnerships. This page sets out how project, currency and political risk are allocated and propagate, which records evidence them, and who decides.<\/p><div class=\"nx-actions\"><a class=\"nx-btn\" data-variant=\"primary\" href=\"https:\/\/globalriskalliance.com\/development-finance-nexus\/contact\/\">Make an enquiry <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a class=\"nx-btn\" data-variant=\"secondary\" href=\"https:\/\/globalriskalliance.com\/development-finance-nexus\/topics\/\">Back to Topics<\/a><\/div><\/div><div class=\"nx-hero-panel\"><div class=\"nx-register\"><div class=\"nx-register-head\"><span class=\"nx-eyebrow\"><strong>Dossier<\/strong><\/span><span class=\"nx-eyebrow\">A06 \u00b7 topic<\/span><\/div><ol class=\"nx-register-rows\"><li><a href=\"#nx-sec-brief-answer\"><span class=\"nx-register-n\">01<\/span><span class=\"nx-register-k\">In brief<\/span><span class=\"nx-register-v\">Definition and scope<\/span><\/a><\/li><li><a href=\"#nx-sec-question\"><span class=\"nx-register-n\">02<\/span><span class=\"nx-register-k\">The question<\/span><span class=\"nx-register-v\">4 mechanisms<\/span><\/a><\/li><li><a href=\"#nx-sec-terms\"><span class=\"nx-register-n\">03<\/span><span class=\"nx-register-k\">Key terms<\/span><span class=\"nx-register-v\"><span class=\"nx-register-num\">3<\/span><\/span><\/a><\/li><li><a href=\"#nx-sec-field\"><span class=\"nx-register-n\">04<\/span><span class=\"nx-register-k\">Field<\/span><span class=\"nx-register-v\">H3 field plate<\/span><\/a><\/li><li><a href=\"#nx-sec-indicators\"><span class=\"nx-register-n\">05<\/span><span class=\"nx-register-k\">Indicators<\/span><span class=\"nx-register-v\"><span class=\"nx-register-num\">8<\/span><\/span><\/a><\/li><li><a href=\"#nx-sec-pipeline\"><span class=\"nx-register-n\">06<\/span><span class=\"nx-register-k\">Pipeline<\/span><span class=\"nx-register-v\">Run graph<\/span><\/a><\/li><li><a href=\"#nx-sec-sources\"><span class=\"nx-register-n\">07<\/span><span class=\"nx-register-k\">Sources<\/span><span class=\"nx-register-v\"><span class=\"nx-register-num\">7<\/span><\/span><\/a><\/li><li><a href=\"#nx-sec-decisions\"><span class=\"nx-register-n\">08<\/span><span class=\"nx-register-k\">Decision holders<\/span><span class=\"nx-register-v\"><span class=\"nx-register-num\">4<\/span><\/span><\/a><\/li><li><a href=\"#nx-sec-methods\"><span class=\"nx-register-n\">09<\/span><span class=\"nx-register-k\">Methods<\/span><span class=\"nx-register-v\"><span class=\"nx-register-num\">4<\/span><\/span><\/a><\/li><\/ol><p class=\"nx-register-foot\">GRA \u00b7 Established \u00b7 service level R0<\/p><\/div><\/div><\/div><\/div><\/section> <nav class=\"nx-index-strip\" data-nx-spy=\"true\" aria-label=\"On this page\"><div class=\"nx-container\"><a href=\"#nx-sec-brief-answer\"><span>01<\/span>The short answer<\/a><a href=\"#nx-sec-field\"><span>02<\/span>Where projects sit, and which layer\u2026<\/a><a href=\"#nx-s-4-sec\"><span>03<\/span>Project pipeline and safeguards, in\u2026<\/a><a href=\"#nx-sec-question\"><span>04<\/span>Infrastructure project finance: how\u2026<\/a><a href=\"#nx-sec-terms\"><span>05<\/span>Terms used on this page<\/a><a href=\"#nx-sec-indicators\"><span>06<\/span>What is measured, and how well<\/a><a href=\"#nx-sec-pipeline\"><span>07<\/span>From sources to decisions<\/a><a href=\"#nx-sec-sources\"><span>08<\/span>Where the evidence comes from<\/a><\/div><\/nav> <section id=\"nx-sec-brief-answer\" class=\"nx-section\" data-hue=\"finance\" data-variant=\"split\" aria-labelledby=\"nx-s-2\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">01<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">In brief<\/span><\/div><h2 id=\"nx-s-2\" class=\"nx-section-title\">The short answer.<\/h2><p class=\"nx-lede\">Infrastructure project finance funds an asset through a special purpose company whose debt is repaid from the asset's own cash flows and secured on its contracts rather than the sponsor's balance sheet. Risk is allocated by contract; currency mismatch, political and regulatory change, and contingent liabilities returning to the state are recurring risks.<\/p><\/div><\/div><\/section><section id=\"nx-sec-field\" class=\"nx-section\" data-hue=\"infrastructure\" data-tone=\"alt\" aria-labelledby=\"nx-s-3\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">02<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Spatial finance<\/span><\/div><h2 id=\"nx-s-3\" class=\"nx-section-title\">Where projects sit, and which layer protects them.<\/h2><p class=\"nx-lede\">Where development projects meet hazard and poverty, and which financing layer protects them. Hypothetical projects and design values.<\/p><\/div><div class=\"nx-section-body\"><div class=\"nx-canvas-wrap\"><figure class=\"nx-fk nx-sf\" data-fk=\"dfi-siting\" data-gl=\"sf:dfi-siting\" data-sf=\"dfi-siting\" data-sx-credit=\"Natural Earth (public domain) | relief: Mapzen Terrain Tiles | hypothetical projects and design values\" data-sx-src=\"Natural Earth ~ public domain ~ https:\/\/www.naturalearthdata.com\/ | Mapzen Terrain Tiles relief (SRTM, GMTED2010, ETOPO1) ~ attribution as published by Mapzen ~ https:\/\/github.com\/tilezen\/joerd\/blob\/master\/docs\/attribution.md | Design scenario values by the Global Risks Alliance ~ illustrative, not data\" data-sf-learn-views=\"layers\" aria-label=\"Interactive map: ten hypothetical projects in Mozambique and Malawi over a design hazard and a poverty proxy, linked to a risk-layering diagram. The panel chooses a layer or a project.\" 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\"><figcaption class=\"nx-fk-cap\"><span>Development projects in Mozambique and Malawi against hazard and poverty, with the financing layer that would protect each.<\/span><span data-honesty=\"true\">Hypothetical projects and design values; no country's strategy is shown.<\/span><\/figcaption><\/figure><\/div><div class=\"nx-live-slot\" data-nxf-slot=\"map\" data-nxf-kind=\"map\" data-nxf-resource=\"nexus:\/\/gra\/A06\/topics\/infrastructure-project-finance\/#map\" data-nxf-title=\"Development Finance Nexus live map\" data-nxf-height=\"560\" hidden><\/div><\/div><\/div><\/section><section id=\"nx-s-4-sec\" class=\"nx-section\" data-hue=\"finance\" aria-labelledby=\"nx-s-4\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">03<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Console<\/span><\/div><h2 id=\"nx-s-4\" class=\"nx-section-title\">Project pipeline and safeguards, in outline.<\/h2><p class=\"nx-lede\">The working screen behind this subject: its structure, terms and states. Names are placeholders and values illustrative.<\/p><\/div><div class=\"nx-section-body\"><figure class=\"nx-fk nx-cx\" data-fk=\"cx-dfi-pipeline\" data-cx=\"dfi.pipeline\" data-variant=\"section\" aria-label=\"Project pipeline and safeguards: illustrative console with placeholder names and values\"><div class=\"nx-fk-head\"><div class=\"nx-fk-heading\"><h3 class=\"nx-fk-title\">Project pipeline and safeguards<\/h3><p class=\"nx-fk-sub\">Infrastructure project finance \u00b7 Country programme D \u00b7 Pipeline review 3<\/p><\/div><div class=\"nx-fk-actions\"><button type=\"button\" class=\"nx-fk-btn\" data-fk-act=\"menu\" aria-haspopup=\"true\" aria-expanded=\"false\" hidden><svg viewBox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12 4v11\"\/><path d=\"m7 10 5 5 5-5\"\/><path d=\"M5 20h14\"\/><\/svg>Export<\/button><ul class=\"nx-fk-menu\" data-fk-menu=\"true\" hidden><li><button type=\"button\" data-fk-act=\"export-png\">Image<small>PNG of the map or chart<\/small><\/button><\/li><li><button type=\"button\" data-fk-act=\"export-csv\">Data<small>CSV of the figure's values<\/small><\/button><\/li><\/ul><\/div><\/div><div class=\"nx-cx-status\"><span class=\"nx-fk-pill\" data-state=\"near\"><i aria-hidden=\"true\"><\/i>Safeguard finding open<\/span><span class=\"nx-cx-prod\">GRA \u00b7 Development Finance Nexus<\/span><\/div><div class=\"nx-cx-grid\"><div class=\"nx-fk-panel nx-cx-p\" data-w=\"4\" data-t=\"table\"><div class=\"nx-fk-panel-head\"><div><h4 class=\"nx-fk-panel-title\">Pipeline<\/h4><\/div><\/div><div class=\"nx-fk-tablewrap\" data-fk-view=\"table:cx-dfi-pipeline-t0\"><table class=\"nx-fk-table\" data-fk-table=\"cx-dfi-pipeline-t0\" aria-label=\"Pipeline\"><thead><tr><th scope=\"col\" data-col=\"c0\" aria-sort=\"none\"><button type=\"button\" data-fk-sort=\"c0\">Project<\/button><\/th><th scope=\"col\" data-col=\"c1\" aria-sort=\"none\"><button type=\"button\" data-fk-sort=\"c1\">Sector<\/button><\/th><th scope=\"col\" data-col=\"c2\" aria-sort=\"none\"><button type=\"button\" data-fk-sort=\"c2\">Climate screen<\/button><\/th><th scope=\"col\" data-col=\"c3\" aria-sort=\"none\"><button type=\"button\" data-fk-sort=\"c3\">Safeguards<\/button><\/th><th scope=\"col\" data-col=\"c4\" aria-sort=\"none\"><button type=\"button\" data-fk-sort=\"c4\">Stage<\/button><\/th><\/tr><\/thead><tbody><tr data-fk-key=\"cx-dfi-pipeline:r0-0\" tabindex=\"0\" role=\"row\" aria-selected=\"false\"><td>Irrigation rehabilitation<\/td><td>Food and water<\/td><td><span class=\"nx-fk-pill\" data-state=\"near\"><i aria-hidden=\"true\"><\/i>Medium<\/span><\/td><td><span class=\"nx-fk-pill\" data-state=\"met\"><i aria-hidden=\"true\"><\/i>Clear<\/span><\/td><td>Appraisal<\/td><\/tr><tr data-fk-key=\"cx-dfi-pipeline:r0-1\" tabindex=\"0\" role=\"row\" aria-selected=\"false\" aria-current=\"true\" data-cur=\"true\"><td>Port expansion<\/td><td>Infrastructure<\/td><td><span class=\"nx-fk-pill\" data-state=\"not\"><i aria-hidden=\"true\"><\/i>High<\/span><\/td><td><span class=\"nx-fk-pill\" data-state=\"near\"><i aria-hidden=\"true\"><\/i>Finding<\/span><\/td><td>Preparation<\/td><\/tr><tr data-fk-key=\"cx-dfi-pipeline:r0-2\" tabindex=\"0\" role=\"row\" aria-selected=\"false\"><td>SME credit line<\/td><td>Finance<\/td><td><span class=\"nx-fk-pill\" data-state=\"met\"><i aria-hidden=\"true\"><\/i>Low<\/span><\/td><td><span class=\"nx-fk-pill\" data-state=\"met\"><i aria-hidden=\"true\"><\/i>Clear<\/span><\/td><td>Board<\/td><\/tr><tr data-fk-key=\"cx-dfi-pipeline:r0-3\" tabindex=\"0\" role=\"row\" aria-selected=\"false\"><td>Mini-grid programme<\/td><td>Energy<\/td><td><span class=\"nx-fk-pill\" data-state=\"met\"><i aria-hidden=\"true\"><\/i>Low<\/span><\/td><td><span class=\"nx-fk-pill\" data-state=\"met\"><i aria-hidden=\"true\"><\/i>Clear<\/span><\/td><td>Implementation<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class=\"nx-fk-panel nx-cx-p\" data-w=\"2\" data-t=\"kv\"><div class=\"nx-fk-panel-head\"><div><h4 class=\"nx-fk-panel-title\">Handoff<\/h4><\/div><\/div><dl class=\"nx-fk-dl\"><div><dt>Readiness dossier<\/dt><dd>v2, reviewed<\/dd><\/div><div><dt>Receiving institution<\/dt><dd>development finance institution<\/dd><\/div><div><dt>Decision<\/dt><dd>theirs, not GRA's<\/dd><\/div><div><dt>Record<\/dt><dd>HO-005<\/dd><\/div><\/dl><\/div><div class=\"nx-fk-panel nx-cx-p\" data-w=\"6\" data-t=\"map\"><div class=\"nx-fk-panel-head\"><div><h4 class=\"nx-fk-panel-title\">Projects and hazard<\/h4><p class=\"nx-fk-panel-sub\">red: high hazard exposure<\/p><\/div><\/div><div class=\"nx-cx-map\"><svg class=\"nx-cx-svg\" viewBox=\"0 0 480 250\" role=\"img\" aria-label=\"Projects and hazard: schematic on placeholder geography. Illustrative.\" focusable=\"false\"><rect class=\"cx-sea\" width=\"480\" height=\"250\" rx=\"4\"\/><path class=\"cx-land\" d=\"M428 125l30.6 38.7-60.1 26-50.2 26.5-70.9 12-72.1-7.6-76.1-2.3-73.3-18.2-23.7-38.3-1.1-36.8-6.5-38.1 46.7-30.7 69-15.1 58.9-28.7 80.8 2.2 79.3 9.9 45 33.5 37 31.4z\"\/><path class=\"cx-haz2\" d=\"M363.6 112.5l7.6 35.6-43.8 20.7-48.7-5.5-42.2-2.1-37-18.2-3-30.5.5-31.4 34.1-23.6 47.6-3.8 47.2 4.3 26.6 26.1z\"\/><circle class=\"cx-site-hot\" cx=\"293.2\" cy=\"159.4\" r=\"7.6\"\/><circle class=\"cx-site-hot\" cx=\"321.9\" cy=\"195.7\" r=\"7.3\"\/><circle class=\"cx-site-hot\" cx=\"93.2\" cy=\"160.4\" r=\"5.5\"\/><circle class=\"cx-site-hot\" cx=\"369.8\" cy=\"77.0\" r=\"7.3\"\/><circle class=\"cx-node\" cx=\"253.9\" cy=\"89.1\" r=\"6.7\"\/><circle class=\"cx-node\" cx=\"79.6\" cy=\"197.3\" r=\"3.5\"\/><circle class=\"cx-node\" cx=\"168.8\" cy=\"142.4\" r=\"5.6\"\/><circle class=\"cx-node\" cx=\"110.6\" cy=\"185.6\" r=\"5.4\"\/><circle class=\"cx-node\" cx=\"168.5\" cy=\"161.2\" r=\"4.0\"\/><circle class=\"cx-node\" cx=\"364.0\" cy=\"162.9\" r=\"3.7\"\/><circle class=\"cx-node\" cx=\"373.9\" cy=\"110.6\" r=\"4.2\"\/><circle class=\"cx-node\" cx=\"117.4\" cy=\"107.1\" r=\"6.8\"\/><circle class=\"cx-node\" cx=\"132.8\" cy=\"106.8\" r=\"6.3\"\/><circle class=\"cx-node\" cx=\"293.4\" cy=\"209.1\" r=\"5.1\"\/><circle class=\"cx-node\" cx=\"60.5\" cy=\"143.4\" r=\"6.8\"\/><circle class=\"cx-node\" cx=\"372.8\" cy=\"78.9\" r=\"5.1\"\/><text class=\"cx-lbl-s\" x=\"464\" y=\"236\" text-anchor=\"end\">Circle size: exposure value \u00b7 placeholder<\/text><g class=\"cx-north\"><path d=\"M458 30 L463 18 L468 30 Z\"\/><text class=\"cx-lbl-s\" x=\"463\" y=\"42\" text-anchor=\"middle\">N<\/text><\/g><\/svg><\/div><\/div><\/div><div class=\"nx-fk-tip\" aria-hidden=\"true\" hidden><\/div><figcaption class=\"nx-fk-cap\"><span>Project pipeline and safeguards: the screen's structure, terms and states for Infrastructure project finance.<\/span><span data-honesty=\"true\">Placeholder names and illustrative values; a design, not a record or a live system.<\/span><\/figcaption><\/figure><\/div><\/div><\/section><section id=\"nx-sec-question\" class=\"nx-section\" data-hue=\"infrastructure\" data-tone=\"alt\" aria-labelledby=\"nx-s-5\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">04<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">The question<\/span><\/div><h2 id=\"nx-s-5\" class=\"nx-section-title\">Infrastructure project finance: how the risk develops.<\/h2><p class=\"nx-lede\">Project preparation, financial risk and public infrastructure safeguards. The dossier below sets out how the risk develops, what is measured, where the data come from, how it is modelled and who decides.<\/p><\/div><div class=\"nx-section-body\"><div class=\"nx-cells\" data-cols=\"2\"><div><div class=\"nx-glyph-row\"><span class=\"nx-glyph\" data-tone=\"accent\"><svg class=\"nx-i\" viewBox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M15 12h-5\"\/><path d=\"M15 8h-5\"\/><path d=\"M19 17V5a2 2 0 0 0-2-2H4\"\/><path d=\"M8 21h12a2 2 0 0 0 2-2v-1a1 1 0 0 0-1-1H11a1 1 0 0 0-1 1v1a2 2 0 1 1-4 0V5a2 2 0 1 0-4 0v2a1 1 0 0 0 1 1h3\"\/><\/svg><\/span><span class=\"nx-eyebrow\">Mechanism<\/span><\/div><h3 class=\"nx-h4 nx-mt-2\">Risk allocation by contract<\/h3><p class=\"nx-p nx-mt-1\">Construction, operating, demand, offtake and force majeure risks are allocated through the concession, the construction and operating contracts and the offtake agreement. Lenders are protected only as far as each counterparty can bear what it signed.<\/p><\/div><div><div class=\"nx-glyph-row\"><span class=\"nx-glyph\" data-tone=\"accent\"><svg class=\"nx-i\" viewBox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><rect width=\"20\" height=\"12\" x=\"2\" y=\"6\" rx=\"2\"\/><circle cx=\"12\" cy=\"12\" r=\"2\"\/><path d=\"M6 12h.01M18 12h.01\"\/><\/svg><\/span><span class=\"nx-eyebrow\">Mechanism<\/span><\/div><h3 class=\"nx-h4 nx-mt-2\">Currency mismatch<\/h3><p class=\"nx-p nx-mt-1\">Revenues in local currency and debt in hard currency expose the project to devaluation. Tariff indexation, local currency lending, swaps and currency facilities transfer part of it; the rest falls on users, the state or lenders.<\/p><\/div><div><div class=\"nx-glyph-row\"><span class=\"nx-glyph\" data-tone=\"accent\"><svg class=\"nx-i\" viewBox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M20 13c0 5-3.5 7.5-7.66 8.95a1 1 0 0 1-.67-.01C7.5 20.5 4 18 4 13V6a1 1 0 0 1 1-1c2 0 4.5-1.2 6.24-2.72a1.17 1.17 0 0 1 1.52 0C14.51 3.81 17 5 19 5a1 1 0 0 1 1 1z\"\/><path d=\"m9 12 2 2 4-4\"\/><\/svg><\/span><span class=\"nx-eyebrow\">Mechanism<\/span><\/div><h3 class=\"nx-h4 nx-mt-2\">Political and regulatory risk<\/h3><p class=\"nx-p nx-mt-1\">Tariff freezes, renegotiation, expropriation, transfer restrictions and breach of contract by the public counterparty are covered, in part, by political risk insurance and development bank guarantees with their own claims procedures.<\/p><\/div><div><div class=\"nx-glyph-row\"><span class=\"nx-glyph\" data-tone=\"accent\"><svg class=\"nx-i\" viewBox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><circle cx=\"12\" cy=\"4.5\" r=\"2.5\"\/><path d=\"m10.2 6.3-3.9 3.9\"\/><circle cx=\"4.5\" cy=\"12\" r=\"2.5\"\/><path d=\"M7 12h10\"\/><circle cx=\"19.5\" cy=\"12\" r=\"2.5\"\/><path d=\"m13.8 17.7 3.9-3.9\"\/><circle cx=\"12\" cy=\"19.5\" r=\"2.5\"\/><\/svg><\/span><span class=\"nx-eyebrow\">Mechanism<\/span><\/div><h3 class=\"nx-h4 nx-mt-2\">Contingent liabilities return<\/h3><p class=\"nx-p nx-mt-1\">Guarantees, minimum revenue commitments and termination payments sit outside the budget until triggered. A wave of renegotiations or early terminations turns them into fiscal costs and links project risk to sovereign risk.<\/p><\/div><\/div><\/div><\/div><\/section><section id=\"nx-sec-terms\" class=\"nx-section\" data-hue=\"finance\" data-tone=\"alt\" data-variant=\"split\" aria-labelledby=\"nx-s-6\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">05<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Key terms<\/span><\/div><h2 id=\"nx-s-6\" class=\"nx-section-title\">Terms used on this page.<\/h2><p class=\"nx-lede\">Each term as this page uses it. Where a standard-setting body defines the term, the wording follows that body.<\/p><\/div><div class=\"nx-section-body\"><div class=\"nx-table-wrap\"><table class=\"nx-table\" data-stack=\"true\"><thead><tr><th scope=\"col\">Term<\/th><th scope=\"col\">Definition<\/th><\/tr><\/thead><tbody><tr><td data-label=\"Term\">Non-recourse finance<\/td><td data-label=\"Definition\">Lending repaid only from a project's cash flows and assets, without claims on the sponsor.<\/td><\/tr><tr><td data-label=\"Term\">Debt service coverage ratio<\/td><td data-label=\"Definition\">Cash flow available for debt service divided by debt service due in a period.<\/td><\/tr><tr><td data-label=\"Term\">Special purpose vehicle<\/td><td data-label=\"Definition\">A company created to own and run a single project, isolating its risks.<\/td><\/tr><\/tbody><\/table><\/div><\/div><\/div><\/section><section id=\"nx-sec-indicators\" class=\"nx-section\" data-hue=\"infrastructure\" data-tone=\"alt\" data-variant=\"split\" aria-labelledby=\"nx-s-7\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">06<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Indicators<\/span><\/div><h2 id=\"nx-s-7\" class=\"nx-section-title\">What is measured, and how well.<\/h2><p class=\"nx-lede\">Each indicator carries its unit, its cadence, the kind of source behind it and the evidence label a value would carry. No values are shown: a programme supplies them under its own authority.<\/p><\/div><div class=\"nx-section-body\"><div class=\"nx-table-wrap\"><table class=\"nx-table\" data-stack=\"true\"><thead><tr><th scope=\"col\">Indicator<\/th><th scope=\"col\">Unit<\/th><th scope=\"col\">Cadence<\/th><th scope=\"col\">Source type<\/th><th scope=\"col\">Label<\/th><\/tr><\/thead><tbody><tr><td data-label=\"Indicator\">Debt service coverage ratio<\/td><td data-label=\"Unit\">ratio of cash flow available for debt service to debt service<\/td><td data-label=\"Cadence\">semi-annual<\/td><td data-label=\"Source type\">Lender base case and operating reports<\/td><td data-label=\"Label\"><span class=\"nx-chip\">MODELLED<\/span><\/td><\/tr><tr><td data-label=\"Indicator\">Loan life coverage ratio<\/td><td data-label=\"Unit\">ratio<\/td><td data-label=\"Cadence\">at financial close and per period<\/td><td data-label=\"Source type\">Lender financial model<\/td><td data-label=\"Label\"><span class=\"nx-chip\">MODELLED<\/span><\/td><\/tr><tr><td data-label=\"Indicator\">Senior debt in local currency<\/td><td data-label=\"Unit\">percent of senior debt<\/td><td data-label=\"Cadence\">at financial close<\/td><td data-label=\"Source type\">Transaction records<\/td><td data-label=\"Label\"><span class=\"nx-chip\">REPORTED<\/span><\/td><\/tr><tr><td data-label=\"Indicator\">Fiscal commitments and contingent liabilities from partnerships<\/td><td data-label=\"Unit\">local currency<\/td><td data-label=\"Cadence\">annual<\/td><td data-label=\"Source type\">PPP unit and fiscal risk statements<\/td><td data-label=\"Label\"><span class=\"nx-chip\">OFFICIAL<\/span><\/td><\/tr><tr><td data-label=\"Indicator\">Projects cancelled or distressed<\/td><td data-label=\"Unit\">count by sector<\/td><td data-label=\"Cadence\">annual<\/td><td data-label=\"Source type\">World Bank PPI database<\/td><td data-label=\"Label\"><span class=\"nx-chip\">REPORTED<\/span><\/td><\/tr><tr><td data-label=\"Indicator\">Default and recovery rates on infrastructure lending<\/td><td data-label=\"Unit\">percent of counterparties; percent of exposure recovered<\/td><td data-label=\"Cadence\">annual<\/td><td data-label=\"Source type\">GEMs risk database<\/td><td data-label=\"Label\"><span class=\"nx-chip\">OBSERVED<\/span><\/td><\/tr><tr><td data-label=\"Indicator\">Time from preferred bidder to financial close<\/td><td data-label=\"Unit\">months<\/td><td data-label=\"Cadence\">per transaction<\/td><td data-label=\"Source type\">IJGlobal and Infralogic records<\/td><td data-label=\"Label\"><span class=\"nx-chip\">REPORTED<\/span><\/td><\/tr><tr><td data-label=\"Indicator\">Political risk insurance and guarantee cover issued<\/td><td data-label=\"Unit\">US dollars<\/td><td data-label=\"Cadence\">annual<\/td><td data-label=\"Source type\">MIGA and MDB guarantee reports<\/td><td data-label=\"Label\"><span class=\"nx-chip\">REPORTED<\/span><\/td><\/tr><\/tbody><\/table><\/div><div class=\"nx-live-slot\" data-nxf-slot=\"indicators\" data-nxf-kind=\"indicator\" data-nxf-resource=\"nexus:\/\/gra\/A06\/topics\/infrastructure-project-finance\/#indicators\" data-nxf-title=\"Indicators\" data-nxf-height=\"520\" hidden><\/div><\/div><\/div><\/section><section id=\"nx-sec-pipeline\" class=\"nx-section\" data-hue=\"finance\" data-tone=\"alt\" aria-labelledby=\"nx-s-8\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">07<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Canvas<\/span><\/div><h2 id=\"nx-s-8\" class=\"nx-section-title\">From sources to decisions.<\/h2><p class=\"nx-lede\">The topic as a computational graph: named sources feed the methods, an evidence review gates the outputs, and the decisions stay with the authorities that hold them.<\/p><\/div><div class=\"nx-section-body\"><div class=\"nx-plate\" data-wide=\"true\"><div class=\"nx-plate-label\"><span class=\"nx-eyebrow\"><strong>Pipeline canvas<\/strong> \u00b7 Infrastructure project finance as a run graph<\/span><span class=\"nx-eyebrow\">Design, not a record<\/span><\/div><div class=\"nx-figure-frame\" data-scene=\"true\"><svg class=\"nx-figure nx-ui nx-dag\" viewBox=\"0 0 1200 564\" data-nx-dag=\"true\" data-w=\"1200\" data-h=\"564\" role=\"img\" aria-labelledby=\"nx-dag-a06-topics-infrastructure-project-finance-t nx-dag-a06-topics-infrastructure-project-finance-d\" data-nx-z=\"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\"><title id=\"nx-dag-a06-topics-infrastructure-project-finance-t\">Infrastructure project finance: a programme through its gates<\/title><desc id=\"nx-dag-a06-topics-infrastructure-project-finance-d\">A request with a named owner becomes a scoping note; inputs are qualified at a gate; delivery runs in workstreams; a controlled test and an independent review precede publication; the owner decides. Design of the process, not a record of a run.<\/desc><\/svg><\/div><\/div><p class=\"nx-caption\"><strong>Fig. 02<\/strong><span>Nodes carry their type, two metric rows and a state; connectors show what feeds what; dashed frames name the owners; the timeline is the cadence. Design of the pipeline, not a record of a run.<\/span><\/p><\/div><\/div><\/section><section id=\"nx-sec-sources\" class=\"nx-section\" data-hue=\"infrastructure\" data-tone=\"alt\" data-variant=\"split\" aria-labelledby=\"nx-s-9\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">08<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Sources<\/span><\/div><h2 id=\"nx-s-9\" class=\"nx-section-title\">Where the evidence comes from.<\/h2><p class=\"nx-lede\">Named public datasets and institutional records, each with its licence class. Sources by agreement are used only under their terms and never republished.<\/p><\/div><div class=\"nx-section-body\"><div class=\"nx-table-wrap\"><table class=\"nx-table\" data-stack=\"true\"><thead><tr><th scope=\"col\">Source<\/th><th scope=\"col\">What it gives<\/th><th scope=\"col\">Licence class<\/th><\/tr><\/thead><tbody><tr><td data-label=\"Source\">World Bank Private Participation in Infrastructure database<\/td><td data-label=\"What it gives\">Project-level private commitments, contract types, sponsors and status at financial close<\/td><td data-label=\"Licence class\">CC BY 4.0<\/td><\/tr><tr><td data-label=\"Source\">GEMs risk database (Global Emerging Markets Risk Database Consortium)<\/td><td data-label=\"What it gives\">Pooled default and recovery experience of multilateral and bilateral lenders in emerging markets<\/td><td data-label=\"Licence class\">Consortium record; aggregate statistics public, loan data to members<\/td><\/tr><tr><td data-label=\"Source\">IJGlobal<\/td><td data-label=\"What it gives\">Project and infrastructure finance transactions, lenders, sponsors and terms<\/td><td data-label=\"Licence class\">Proprietary, subscription<\/td><\/tr><tr><td data-label=\"Source\">Infralogic<\/td><td data-label=\"What it gives\">Infrastructure transaction and asset records<\/td><td data-label=\"Licence class\">Proprietary, subscription<\/td><\/tr><tr><td data-label=\"Source\">National PPP units<\/td><td data-label=\"What it gives\">Project registers, approvals, contracts and fiscal commitments<\/td><td data-label=\"Licence class\">Public records, terms per government<\/td><\/tr><tr><td data-label=\"Source\">MIGA project disclosures and annual reports<\/td><td data-label=\"What it gives\">Guarantees issued, covered risks and claims<\/td><td data-label=\"Licence class\">Public under the MIGA access to information policy<\/td><\/tr><tr><td data-label=\"Source\">World Bank PPP Legal Resource Center and Benchmarking Infrastructure Development<\/td><td data-label=\"What it gives\">Contract clauses, laws and regulatory quality for partnerships<\/td><td data-label=\"Licence class\">CC BY 4.0<\/td><\/tr><\/tbody><\/table><\/div><div class=\"nx-live-slot\" data-nxf-slot=\"evidence\" data-nxf-kind=\"evidence\" data-nxf-resource=\"nexus:\/\/gra\/A06\/topics\/infrastructure-project-finance\/#evidence\" data-nxf-title=\"Sources\" data-nxf-height=\"520\" hidden><\/div><\/div><\/div><\/section><section id=\"nx-sec-decisions\" class=\"nx-section\" data-hue=\"finance\" data-tone=\"alt\" data-variant=\"split\" aria-labelledby=\"nx-s-10\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">09<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Decisions<\/span><\/div><h2 id=\"nx-s-10\" class=\"nx-section-title\">Who decides, and what the evidence serves.<\/h2><p class=\"nx-lede\">Development Finance Nexus prepares evidence. The decisions below are taken by the authorities named, under their own rules, and never by the platform.<\/p><\/div><div class=\"nx-section-body\" data-lv=\"ledger\"><div class=\"nx-table-wrap\"><table class=\"nx-table\" data-stack=\"true\"><thead><tr><th scope=\"col\">Who decides<\/th><th scope=\"col\">The question<\/th><th scope=\"col\">Evidence this page serves<\/th><\/tr><\/thead><tbody><tr><td data-label=\"Who decides\">PPP units and finance ministries<\/td><td data-label=\"The question\">Whether a partnership offers value for money and whether its fiscal commitments are affordable<\/td><td data-label=\"Evidence this page serves\">Risk allocation, contingent liability estimates, comparable transactions<\/td><\/tr><tr><td data-label=\"Who decides\">Project sponsors<\/td><td data-label=\"The question\">Whether to bid and on what terms of risk allocation<\/td><td data-label=\"Evidence this page serves\">Contract structures, currency exposure, offtaker record<\/td><\/tr><tr><td data-label=\"Who decides\">DFI and commercial lender credit committees<\/td><td data-label=\"The question\">Whether to lend, how much, in which currency and with which covenants<\/td><td data-label=\"Evidence this page serves\">Coverage ratios under stress, credit experience, independent adviser findings<\/td><\/tr><tr><td data-label=\"Who decides\">Guarantors and political risk insurers<\/td><td data-label=\"The question\">Whether to cover a project's political, currency transfer or payment risks<\/td><td data-label=\"Evidence this page serves\">Country and counterparty evidence, contract terms, claims history<\/td><\/tr><\/tbody><\/table><\/div><h3 class=\"nx-h4 nx-mt-4\">Outputs this topic produces<\/h3><ul class=\"nx-list\"><li>Risk allocation matrices for common contract structures<\/li><li>Currency and contingent liability evidence framed for treasury review<\/li><li>Credit experience summaries drawn from published GEMs statistics<\/li><li>Question sets for lenders' technical, legal and insurance advisers<\/li><\/ul><\/div><\/div><\/section><section id=\"nx-sec-core-questions\" class=\"nx-section\" data-hue=\"infrastructure\" data-tone=\"alt\" aria-labelledby=\"nx-s-11\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">10<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Core questions<\/span><\/div><h2 id=\"nx-s-11\" class=\"nx-section-title\">What the industry asks.<\/h2><p class=\"nx-lede\">Project finance can bring private capital and management to public infrastructure, but it also creates complex risk allocations over decades. Physical risks such as floods and heat, demand risk, currency risk, construction risk and political risk must be identified and allocated to the parties best able to manage them. When risks are mispriced or poorly allocated, governments can face large contingent liabilities, and services can be disrupted.<\/p><\/div><div class=\"nx-section-body\"><ul class=\"nx-list\"><li>Which risks does an infrastructure project face over its life, and which party bears each one?<\/li><li>How are physical climate and hazard risks reflected in design, contracts, insurance and financing terms?<\/li><li>What contingent liabilities does the public sector take on, and are they recorded and managed?<\/li><li>How are public interest safeguards, such as service standards and affordability, protected in long-term contracts?<\/li><\/ul><\/div><\/div><\/section><section id=\"nx-sec-mechanisms\" class=\"nx-section\" data-hue=\"finance\" data-variant=\"split\" aria-labelledby=\"nx-s-12\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">11<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Mechanisms<\/span><\/div><h2 id=\"nx-s-12\" class=\"nx-section-title\">How risk and finance interact.<\/h2><p class=\"nx-lede\">Project outcomes depend on preparation, risk allocation and contract governance.<\/p><\/div><div class=\"nx-section-body\"><div class=\"nx-cells\" data-cols=\"3\"><div><div class=\"nx-glyph-row\"><span class=\"nx-glyph\" data-tone=\"accent\"><svg class=\"nx-i\" viewBox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><rect width=\"8\" height=\"4\" x=\"8\" y=\"2\" rx=\"1\" ry=\"1\"\/><path d=\"M16 4h2a2 2 0 0 1 2 2v14a2 2 0 0 1-2 2H6a2 2 0 0 1-2-2V6a2 2 0 0 1 2-2h2\"\/><path d=\"m9 14 2 2 4-4\"\/><\/svg><\/span><span class=\"nx-eyebrow\">Preparation<\/span><\/div><h3 class=\"nx-h4 nx-mt-2\">Feasibility and structuring<\/h3><p class=\"nx-p nx-mt-1\">Technical, financial, legal and safeguard studies determine whether a project is viable and how it should be structured.<\/p><\/div><div><div class=\"nx-glyph-row\"><span class=\"nx-glyph\" data-tone=\"accent\"><svg class=\"nx-i\" viewBox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"m11 17 2 2a1 1 0 1 0 3-3\"\/><path d=\"m14 14 2.5 2.5a1 1 0 1 0 3-3l-3.88-3.88a3 3 0 0 0-4.24 0l-.88.88a1 1 0 1 1-3-3l2.81-2.81a5.79 5.79 0 0 1 7.06-.87l.47.28a2 2 0 0 0 1.42.25L21 4\"\/><path d=\"m21 3 1 11h-2\"\/><path d=\"M3 3 2 14l6.5 6.5a1 1 0 1 0 3-3\"\/><path d=\"M3 4h8\"\/><\/svg><\/span><span class=\"nx-eyebrow\">Risk allocation<\/span><\/div><h3 class=\"nx-h4 nx-mt-2\">Who bears what<\/h3><p class=\"nx-p nx-mt-1\">Contracts allocate construction, demand, operating, currency, force majeure and political risks between parties.<\/p><\/div><div><div class=\"nx-glyph-row\"><span class=\"nx-glyph\" data-tone=\"accent\"><svg class=\"nx-i\" viewBox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M20 13c0 5-3.5 7.5-7.66 8.95a1 1 0 0 1-.67-.01C7.5 20.5 4 18 4 13V6a1 1 0 0 1 1-1c2 0 4.5-1.2 6.24-2.72a1.17 1.17 0 0 1 1.52 0C14.51 3.81 17 5 19 5a1 1 0 0 1 1 1z\"\/><path d=\"m9 12 2 2 4-4\"\/><\/svg><\/span><span class=\"nx-eyebrow\">Public interest<\/span><\/div><h3 class=\"nx-h4 nx-mt-2\">Fiscal and service safeguards<\/h3><p class=\"nx-p nx-mt-1\">Contingent liability management and service obligations protect public budgets and users. Fiscal risk: <a class=\"nx-link\" href=\"https:\/\/globalriskalliance.com\/public-finance-sovereign-debt\/\">Public Finance and Sovereign Debt<\/a>.<\/p><\/div><\/div><p class=\"nx-p\">Physical climate risk is a growing concern in infrastructure contracts. Assets designed to historical climate norms may face hazards beyond their design basis during long concessions, and contracts may not say who bears the cost. Shared understanding of how hazard evidence can be incorporated into preparation and contract design helps all parties, while each still decides on its own terms.<\/p><\/div><\/div><\/section><section id=\"nx-sec-methods-and-evidence\" class=\"nx-section\" data-hue=\"infrastructure\" data-tone=\"alt\" data-variant=\"split\" aria-labelledby=\"nx-s-13\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">12<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Methods and evidence<\/span><\/div><h2 id=\"nx-s-13\" class=\"nx-section-title\">How the evidence is built, and its limits.<\/h2><\/div><div class=\"nx-section-body\"><ol class=\"nx-rows\"><li><span class=\"nx-eyebrow nx-index\">01<\/span><div><h3 class=\"nx-h4\">Feasibility studies<\/h3><p class=\"nx-p nx-mt-1\">Engineering, demand and financial analysis. Demand forecasts are a common source of error.<\/p><\/div><\/li><li><span class=\"nx-eyebrow nx-index\">02<\/span><div><h3 class=\"nx-h4\">Physical risk assessment<\/h3><p class=\"nx-p nx-mt-1\">Hazard and climate analysis of project sites using <a class=\"nx-link\" href=\"https:\/\/therisk.global\/stem\/technology\/geospatial\/\" target=\"_blank\" rel=\"noopener\">geospatial information systems<\/a>. Contracts often lag behind physical risk evidence.<\/p><\/div><\/li><li><span class=\"nx-eyebrow nx-index\">03<\/span><div><h3 class=\"nx-h4\">Fiscal risk assessment<\/h3><p class=\"nx-p nx-mt-1\">Established tools quantify contingent liabilities from public-private partnerships. Disclosure practices vary.<\/p><\/div><\/li><li><span class=\"nx-eyebrow nx-index\">04<\/span><div><h3 class=\"nx-h4\">Ex post review<\/h3><p class=\"nx-p nx-mt-1\">Reviews of project performance and renegotiation history. Renegotiation is frequent and informative.<\/p><\/div><\/li><\/ol><\/div><\/div><\/section><section id=\"nx-sec-methods\" class=\"nx-section\" data-hue=\"finance\" aria-labelledby=\"nx-s-14\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">13<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Methods<\/span><\/div><h2 id=\"nx-s-14\" class=\"nx-section-title\">How it is studied, and what the methods cannot say.<\/h2><\/div><div class=\"nx-section-body\"><div class=\"nx-methods\" data-limits=\"true\"><ol class=\"nx-mledger\" aria-label=\"Methods\"><li><a class=\"nx-mledger-main\" href=\"https:\/\/globalriskalliance.com\/development-finance-nexus\/stem\/economics\/\"><span class=\"nx-mledger-n\" aria-hidden=\"true\">01<\/span><span class=\"nx-mledger-body\"><span class=\"nx-mledger-name\">Economics and development economics<\/span><span class=\"nx-mledger-role\">Economic appraisal of a project \u00b7 Debt sustainability context \u00b7 Tariff and subsidy incidence<\/span><\/span><span class=\"nx-mledger-go\"><span class=\"nx-mledger-go-label\">Applied here<\/span><svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/span><\/a><div class=\"nx-mledger-aside\"><a class=\"nx-mledger-canon\" href=\"https:\/\/therisk.global\/stem\/science\/economics\/\" aria-label=\"Economics and development economics: canonical page on the STEM Commons\" target=\"_blank\" rel=\"noopener\">Canonical \u00b7 STEM Commons <span aria-hidden=\"true\">\u2197<\/span><\/a><\/div><\/li><li><a class=\"nx-mledger-main\" href=\"https:\/\/globalriskalliance.com\/development-finance-nexus\/stem\/decision-analysis\/\"><span class=\"nx-mledger-n\" aria-hidden=\"true\">02<\/span><span class=\"nx-mledger-body\"><span class=\"nx-mledger-name\">Decision analysis under uncertainty<\/span><span class=\"nx-mledger-role\">Robust choice of design standard \u00b7 Multi-criteria pipeline screening<\/span><\/span><span class=\"nx-mledger-go\"><span class=\"nx-mledger-go-label\">Applied here<\/span><svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/span><\/a><div class=\"nx-mledger-aside\"><a class=\"nx-mledger-canon\" href=\"https:\/\/therisk.global\/stem\/mathematics\/decision-analysis\/\" aria-label=\"Decision analysis under uncertainty: canonical page on the STEM Commons\" target=\"_blank\" rel=\"noopener\">Canonical \u00b7 STEM Commons <span aria-hidden=\"true\">\u2197<\/span><\/a><\/div><\/li><li><a class=\"nx-mledger-main\" href=\"https:\/\/globalriskalliance.com\/development-finance-nexus\/stem\/geospatial\/\"><span class=\"nx-mledger-n\" aria-hidden=\"true\">03<\/span><span class=\"nx-mledger-body\"><span class=\"nx-mledger-name\">Geospatial information systems<\/span><span class=\"nx-mledger-role\">Safeguard screening of a project footprint \u00b7 Physical climate exposure of assets<\/span><\/span><span class=\"nx-mledger-go\"><span class=\"nx-mledger-go-label\">Applied here<\/span><svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/span><\/a><div class=\"nx-mledger-aside\"><a class=\"nx-mledger-canon\" href=\"https:\/\/therisk.global\/stem\/technology\/geospatial\/\" aria-label=\"Geospatial information systems: canonical page on the STEM Commons\" target=\"_blank\" rel=\"noopener\">Canonical \u00b7 STEM Commons <span aria-hidden=\"true\">\u2197<\/span><\/a><\/div><\/li><li><a class=\"nx-mledger-main\" href=\"https:\/\/globalriskalliance.com\/development-finance-nexus\/stem\/causal-inference\/\"><span class=\"nx-mledger-n\" aria-hidden=\"true\">04<\/span><span class=\"nx-mledger-body\"><span class=\"nx-mledger-name\">Causal inference and impact evaluation<\/span><span class=\"nx-mledger-role\">Evaluating a credit line or guarantee \u00b7 Infrastructure impact on households<\/span><\/span><span class=\"nx-mledger-go\"><span class=\"nx-mledger-go-label\">Applied here<\/span><svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/span><\/a><div class=\"nx-mledger-aside\"><a class=\"nx-mledger-canon\" href=\"https:\/\/therisk.global\/stem\/mathematics\/causal-inference\/\" aria-label=\"Causal inference and impact evaluation: canonical page on the STEM Commons\" target=\"_blank\" rel=\"noopener\">Canonical \u00b7 STEM Commons <span aria-hidden=\"true\">\u2197<\/span><\/a><\/div><\/li><\/ol><aside class=\"nx-limits\" aria-label=\"What the methods cannot say\"><span class=\"nx-eyebrow\">What the methods cannot say<\/span><p class=\"nx-limits-text\">Coverage ratios in a financial model are projections built on the lender's case, not observed cash flows. PPI and transaction databases record deals at financial close and rarely follow performance. GEMs publishes aggregate statistics; underlying loan data stay within the consortium. Proprietary transaction records are cited, not redistributed. The platform sets out how risks are allocated; lending, bidding and guarantee decisions belong to the institutions that hold them.<\/p><\/aside><\/div><\/div><\/div><\/section><section id=\"nx-s-15-sec\" class=\"nx-section\" data-hue=\"infrastructure\" data-tone=\"alt\" aria-labelledby=\"nx-s-15\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">14<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Questions<\/span><\/div><h2 id=\"nx-s-15\" class=\"nx-section-title\">Questions and answers.<\/h2><\/div><div class=\"nx-section-body\"><div class=\"nx-faq\"><details><summary>What does non-recourse mean?<\/summary><div class=\"nx-answer\">Lenders are repaid from the project's cash flows and secured on its assets and contracts, with no claim on the sponsor's wider balance sheet. In practice most structures are limited recourse during construction.<\/div><\/details><details><summary>What does the GEMs database show?<\/summary><div class=\"nx-answer\">Pooled default and recovery experience on lending by multilateral and bilateral institutions in emerging markets. Its published aggregate statistics help calibrate credit risk; loan-level data are shared only among consortium members.<\/div><\/details><details><summary>Why does local currency finance matter?<\/summary><div class=\"nx-answer\">When revenues and debt are in the same currency, a devaluation does not inflate debt service. Local currency lending, swaps and currency facilities reduce the mismatch, at a cost that someone in the structure bears.<\/div><\/details><details><summary>Does GRA advise on public-private partnerships?<\/summary><div class=\"nx-answer\">No. GRA is a nonprofit business league for the financial services industry. It does not lend, underwrite, rate, invest, advise on or arrange transactions, introduce counterparties or take transaction-based pay, and readiness work is not approval.<\/div><\/details><details><summary>Why do infrastructure contracts get renegotiated?<\/summary><div class=\"nx-answer\">Common reasons include optimistic demand forecasts, unforeseen costs, policy changes and physical events not anticipated in the contract.<\/div><\/details><details><summary>How are climate risks handled in project finance?<\/summary><div class=\"nx-answer\">Through design standards, insurance, contract clauses on force majeure and change in law, and lenders' own risk assessment. Practice is evolving.<\/div><\/details><details><summary>What is a contingent liability?<\/summary><div class=\"nx-answer\">An obligation that arises only if a specified event occurs, such as a government's commitment to compensate a private operator if demand falls below a level.<\/div><\/details><\/div><\/div><\/div><\/section><section class=\"nx-section\" data-tone=\"alt\" aria-labelledby=\"nx-rel-16\"><div class=\"nx-container\"><span class=\"nx-eyebrow\">Related<\/span><h2 id=\"nx-rel-16\" class=\"nx-h3 nx-mt-2\">Around Development Finance Nexus.<\/h2><nav class=\"nx-related nx-mt-3\" aria-label=\"Related\"><a href=\"https:\/\/globalriskalliance.com\/development-finance-nexus\/topics\/country-programme-readiness\/\">Country programme readiness <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskalliance.com\/development-finance-nexus\/topics\/public-investment-and-projects\/\">Public investment and projects <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskalliance.com\/development-finance-nexus\/topics\/climate-adaptation-finance\/\">Climate adaptation finance <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskalliance.com\/development-finance-nexus\/topics\/food-water-energy-investment\/\">Food, water and energy investment <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskalliance.com\/development-finance-nexus\/topics\/social-and-inclusion\/\">Social risk and inclusion <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskalliance.com\/development-finance-nexus\/topics\/financing-gaps-and-evidence\/\">Financing gaps and evidence <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskalliance.com\/development-finance-nexus\/\">Development Finance Nexus home <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskalliance.com\/development-finance-nexus\/counterparts\/\">Counterparts across the Consortium <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskalliance.com\/\">The Global Risks Alliance home <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskalliance.com\/trust\/\">GRA governance and trust <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><\/nav><\/div><\/section><section class=\"nx-closing\" aria-labelledby=\"nx-close-17\"><div class=\"nx-container\"><span class=\"nx-eyebrow\">Development Finance Nexus<\/span><h2 id=\"nx-close-17\" class=\"nx-section-title\">Bring your expertise to this field.<\/h2><p class=\"nx-lede\">The current service level is R0: information and enquiries. An enquiry receives a reference and names the next step; applications, payments, compute allocations and registrations open only when their team, terms and review capacity exist.<\/p><div class=\"nx-actions\"><a class=\"nx-btn\" data-variant=\"primary\" href=\"mailto:contact@globalriskalliance.com?subject=Development%20Finance%20Nexus%3A%20Infrastructure%20project%20finance\">Write to the team <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a class=\"nx-btn\" data-variant=\"secondary\" href=\"https:\/\/globalriskalliance.com\/development-finance-nexus\/contact\/\">See all contact routes<\/a><\/div><\/div><\/section><\/div><\/div><script class=\"_iub_cs_skip\">window.__nxMount ? window.__nxMount(document.currentScript) : null;<\/script>\n\n\n<script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"FAQPage\",\"@id\":\"https:\/\/globalriskalliance.com\/development-finance-nexus\/topics\/infrastructure-project-finance\/#faq\",\"isPartOf\":{\"@id\":\"https:\/\/globalriskalliance.com\/development-finance-nexus\/topics\/infrastructure-project-finance\/#webpage\"},\"inLanguage\":\"en\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What does non-recourse mean?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Lenders are repaid from the project's cash flows and secured on its assets and contracts, with no claim on the sponsor's wider balance sheet. 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