
| Project financing |
| Economic feasability |
| Economic analysis |
| Public Private Partnerships |
Italplan uses project financing, a financial technique aimed at enabling the funding of business initiatives on the basis of the technical and economic value of the project in question, paying particular attention to the variables considered within it. The project is evaluated for its capacity to generate cash flows, which represent the main guarantee for debt repayment and for the remuneration of risk capital This evaluation process is possible thanks to the multidisciplinary experience acquired by the company in the infrastructural development sector. Project financing is carried out by means of both a close analysis of the operating costs and evaluation of the risks linked to the market trend. This leads to a consideration of the value generated by the project within a specific territorial context.
In the ambit of public investment a wide use is made of economic analysis: this means that evaluation is not made solely of the financial flows but also of the costs and benefits, in a broad sense, related to the entire community. In this situation an assessment is made, in monetary terms, of all the disadvantages (costs) and all the advantages (benefits) that the investment causes for the population involved. It is therefore evident that the analysis of convenience, from a public point of view, takes into consideration all the aspects that may influence the advantages for all those affected by the investment program.
The economic analysis is therefore highly complex, in fact it is necessary to use broadly outlined values and estimates for many factors that contribute to the formation of the benefits and costs for the public by means of their monetization.
With the introduction of the Public Private Partnership (PPP) system the evaluation technique is used in order to establish the greatest value from the point of view of both share holders and the public administration, which has the aim for improving the quality of living and creating social value. This evaluation criterion can therefore be used as a criterion for investment choice so as to direct the resources required in order to obtain the best rate of return and social benefits.