Typical documents in a project finance transaction

As one would expect, there are many documents involved in any project finance transaction. Projects are typically facilitated through an entity that is owned or controlled by the project sponsor, and this entity is usually a special purpose vehicle (SPV) set up by the project sponsor specifically for the project. Against this background, this guidance note provides an overview of the principal documents that the SPV will enter into in order to procure the performance of the project. The principal documents are broadly divided into five categories, being:

• • the finance agreements;
• • the investment agreements;
• • the construction contract(s);
• • the operating contract(s); and
• • the offtake contracts.

See Typical documents in a project finance transaction.