TITLE:
A New Type of Risk in Infrastructure Projects
AUTHORS:
Mihnea Craciun
KEYWORDS:
Management, Risk Typologies, Project Finance, Infrastructure
JOURNAL NAME:
Modern Economy,
Vol.2 No.4,
September
21,
2011
ABSTRACT: The recent financial crisis has sparked a new debate about the risks that infrastructure projects are exposed to. With the use of various typologies identified along the last thirty years by several authors, looking both at project finance funding techniques and to more traditional direct investment framework, the recent financial turmoil on global capital markets (2008 - 2010) reveals a new type of risk, this time not project, but financier related.