Project Financing is a method of long-term financing of infrastructure or industrial projects that is the raising of finance based upon a non-recourse or limited recourse where the borrower will be dependent on the internally generated cashflows of the project. The lender has no recourse to the project owner’s other assets (non-recourse financing) but, the borrower’s liability is strictly defined (limited recourse financing).
Related Definitions in the Project: The Project; Project Management; Commercial Definitions
