Case Studies
The following case studies on Project and Infrastructure Finance have been written and taught by Stern Faculty:
- Rutas de Lima. Greenfield/brownfield toll highway $900 million debt financing in Lima, Peru (2014-16), sponsored by Norberto Odebrecht Construtora of Brazil; controlling interest later sold to Brookfield. Ingo Walter.
- BlackRock’s Infrastructure Debt Initiative: Addressing the Market Opportunity in Project Finance. (2015) Creating a market for infrastructure debt financing in the global institutional fixed-income market. Paul Tice, Ilya Bhozenkov and Ingo Walter.
- Cheniere. LNG export terminal at Sabine Pass, Louisiana (2016). Paul Tice and Ingo Walter.
- Privatization of Aluminium Bahrain. IPO of aluminum plant by the government of Bahrain (2013). Ilya Bozhenkov and Ingo Walter.
- Retrospective – Eurotunnel: Background, Debt, Equity. Retrospective case (1986) looking back some 30 years on the financing and outcome of the world’s largest transport infrastructure project. Roy C. Smith and Ingo Walter
- Dakota Access Pipeline Project (DAPL) – Development, construction and operation of the Dakota Access Pipeline Project, focusing on the underlying economics and financing structure as well as the permitting and regulatory process. Central to the case is management of conflicts with various stakeholders, which is characteristic of many large infrastructure ventures and requires sensitive and pro-active application of cost-benefit assessment in a highly politicized context. (2017) Sinziana Dorobantu and Ingo Walter.
Teaching cases are distributed through Insead and its connection to the Harvard Business School Case Series and the International Case Clearing house (ICCH) in Brussels.