Análise da estrutura contratual de uma operação em Project Finance

: o caso da subconcessão do Douro Interior

Abstract

Project Finance is presented as a technique that allows financing investments in capital intensive industries and countries with relatively higher credit risk. It can be defined as limited or non-recourse financing through creating a vehicle company. One of the main advantages of choosing this financing method is that risks are allocated to the parts that are best able to manage them. Project Finance is characterized by the fact that debt repayment depends only or mainly on the project’s accounting assets and its cash flows instead of depending on the credit risk of its sponsors.
The main goal of this report is to study the contractual structure of an operation in Project Finance, to understand the main type of documentation inherent to this operation and how this documentation can promote or restrain the management of a concession.
To answer the proposed research questions, a case study was structured in order to analyse the subconcession of Douro Interior, based on the theoretical framework of reference.
The case study reveals that contractual documentation inherent to the subconcession of Douro Interior allows its management to mitigate the risks identified in the project.

Date of Award	10 Jul 2018
Original language	Portuguese
Awarding Institution	Universidade Católica Portuguesa
Supervisor	João Pinto (Supervisor)