Abstract

Project fnance of infrastructure (e.g. exploitation and transportation of natural resources, high speed railways, internet) forms a basis for the peaceful development and the prosperity of nations as well as the transnational community. What is needed are dependable networks in a world in transition, where digitalisation and new powers demand joint action. Particularly in the Eurasian region, from Lisbon to Vladivostok, felds with future prospects are opening up for Russia, Germany and the European union. We can develop them through investment and cooperation, by building up trust through common rules and sustainable substance. Here, a concept for this is presented for “Intercultural Project Finance”: An order of law and business (order of assets; German: Vermoegensordnung), in which state and private actors build up the necessary trust and are able to co-operate and proft transnationally for the good of the common prosperity of all peoples. A key element of a suitable system for the investment of capital (transnational investor protection law) is a sustainable valuation law; this has to be developed and etablished by legal comparison. In the following, relevant aspects for theory and practice which are basic for the actors of infrastructure project fnance will be shown, as well as the new initiative of the European union regarding “Connectivity”.

Highlights

  • With “Infrastructure Project Finance”, we will be dealing with a large, current topic in a comprehensive overall context 1

  • Relevant aspects for theory and practice which are basic for the actors of infrastructure project finance will be shown, as well as the new initiative of the European Union regarding “Connectivity”

  • Infrastructure Networks: China‘s “Road and Belt”-Strategy The One Belt One Road (OBOR), referred to as the Silk Road Economic Belt: This is a strategy adopted by the Chinese government (Communist Party of China) involving infrastructure development and investments in some 60 countries in Europe, Asia, Oceania and Africa

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Summary

Introduction

With “Infrastructure Project Finance”, we will be dealing with a large, current topic in a comprehensive overall context 1. “How to break into the Top Five of the World Economy”: This year’s topic of the Fifth International Financial University Forum (2018) is reminiscent of a great turnaround in Russian history in the late 17th century. Tsar Peter the Great took extensive reforms that changed Russia from a medieval country into a leading European state. The rankings differ, but among the leading economies generally are the US, China, Japan, Germany and the European Union (of 28 member states with a single internal market). China and India having dominated the global output, Europe and North America took over global leadership in the 19th century through the Industrial Revolutions: the story of the rise and fall of great powers [1, 2]. We know times again are changing dramatically with the so-called “Industry 4.0” — the digital revolution

Basics
Infrastructure Networks
Focussing on Russia
Trust: Basics of Intercultural Project Finance
For more information
Project Finance
And in terms of liability
Comparative Perspectives of Intercultural Project Finance
Content
Trust Concept of Intercultural Project Financing
Conclusion and Outlook
Full Text
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