This preview shows pages 1–3. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: projections. Comprehensive insurance against Force Majeure. Experienced operators, road layout deters misuse. Case : Polands A2 Motorway Structure for allocation of Risk Political Risk: Best controlled by Polish Government and AWSA. Assignment of revenue waterfall to government: Taxes, lease and profit sharing. Use of UK law, enforceable through Polish courts. Counter guarantees by government against building competing systems, ending concession. Financial Risk: Best controlled by Sponsor and lenders. Contracts in to mitigate exchange rate risk. Low senior debt, adequate reserves and debt coverage, flexible principle repayment. Control of waterfall by lenders gives better cash control. Limited floating rate debt with interest rate swaps for risk mitigation....
View Full Document
This note was uploaded on 09/16/2011 for the course F 112 taught by Professor Ans during the Spring '11 term at IIM Bangalore.
- Spring '11