Glossary

Project Finance:

Debt financing method in which repayment of the principal is not time-dependant like typical bank loans, rather it is linked to the financial return of the return, thereby reducing overall business risk.

PPP (Public-Private Partnership):

Private financing method for projects in which the state retains a minority equity participation in the business entity but relinquishes management to its private sector partners.

PFI (Private Finance Initiatives):

Financing of the construction of public facilities, such as schools, hospitals, penitentiaries, administrative service etc, by the private sector in return for the long-term lease of the facilities by the state. The scope of PFIs may be extended to include staffing and operating management of the facilities by the private investor.

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