This chapter gives a global perspective on project financing (financing long-term infrastructure, industrial projects and public services). The article explains how project financing works; which entities are usually involved in project financing transactions; and how project financiers deal with risk, with an additional focus on infrastructure development and privatisation trends in Brazil.

This article is part of the PLC multi-jurisdictional guide to construction and projects law. For a full list of jurisdictional Q&As visit www.practicallaw.com/construction-mjg.