Istota finansowania na zasadach project finance i jego zastosowanie w rozwoju gospodarczym Polski w perspektywie przystąpienia do Unii Europejskiej
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Project finance has been used for decades in Western countries to found major resource and infrastructure projects in a manner which is satisfactory and beneficial to the sponsors and financiers alike. Central and Eastern Europe represents the next frontier for successful project finance transactions. Project finance refers to the financing of long-term infrastructure, industrial projects and public services based upon a non-recourse or limited recourse financial structure where project debt and equity used to finance the project are paid back from the cash-flow generated by the project. Private sector investment and management of public sector assets is being openly encouraged by governments and multilateral agencies who recognize that private sector companies are belter equipped and more efficient than governments in developing and managing major public services. Countries such as Poland have the potential to greatly benefit from this method of financing.