Infrastructure Project Finance in India
Realizing the importance of infrastructure as the backbone of India’s economy, India has opened up this sector to private sector participation and foreign investment. As Infrastructure requirements for developing countries like India are massive, funding for such projects is a problem for the Government and it was exactly for this reason that infrastructure sector in India has been thrown open to private sector and foreign investment.
Funding requirement for infrastructure projects being massive, such projects are always a challenge for consultants and experts engaged for such projects. Consultancy services for such projects involves a good amount of expertise on diverse issues and a multi disciplinary team of lawyers, engineers, economists, chartered accountants, competent company secretaries is required for quick and efficient project finance solution. From the point of view of funding agencies, risk analysis and risk redressal mechanism are very important aspects of project finance and from the point of view of project contractors, project feasibility and risks mitigation would be as important.
In India, consultancy services on Project Finance are usually rendered by Accountancy Firms and Law Firms. However, given the voluminous size of legal documents and stakes involved, law firms are better placed to undertake such assignments.
CLG Infrastructure Project Finance Practice
CLG professional services on Project Finance and related matters includes the following:-
- Identification of feasible projects for private sector entities and risk analysis
- Advice on bidding alternatives including consortia formation
- Bidding strategies and documentation
- Drafting, Vetting bidding documents and related Agreements
- Legal Opinion/consultancy on Project Finance related issues
- Deal Closure and post Closure documentation
- Consultancy Services on all issues relating to Project Finance
