Abstract
This chapter discusses project finance. From my experience, when speaking about project finance people think about different things. Often they are confused because they do not understand why project finance should be discussed as a separate topic since it is, seemingly, a part of almost every other topic including general topics like investments, net present value, etc. We will learn in this chapter that project financing has a very special meaning in finance and is often related to terms like non-recourse debt, limited recourse debt, asset-backed securities, and many others. To begin, let us note that project financing has been used in many important projects around the globe including many historical projects. Below we will review some of them.
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