• Skip to main content
  • Skip to primary sidebar
  • Skip to footer

TA Europe

  • Home
  • About
    • TA Europe
    • Team
    • Resources
    • in the Press
  • Real Estate
    • Technical Due Diligence & Portfolio Due Diligence
    • Portfolio Due Diligence
    • Project & Cost Management
    • Cost & Profitability
    • Technical Asset Management
    • Real Estate Investment Scouting
    • ESG Services
    • Asset Classes
      • Healthcare
      • Hotels
      • Logistics
      • Office Buildings
      • Retail
    • Real Estate Projects
    • TA Analytics
  • Infrastructure
    • PPP/Lenders Technical Advice
    • Transactions
    • Lifecycle Management
    • Cost & Profitability
    • Highways
    • Social Infrastructure
      • schools
      • Prisons
    • Project Experience Infrastructure
  • TA EUROPE Iberia
    • Spain
  • Global Map
  • News
    • Blog
    • Whitepaper
  • Careers
  • Contact
You are here: Home / Real Estate / Cost & Profitability / Project Finance

Project Finance

Why is a thorough understanding of project budgets of utmost importance to sponsors, lenders, and authorities?

  • Project finance transactions are modeled by means of forward-looking cash-flow projections, whereas the funding in respect of corporate finance transactions is based upon actual historical data, primarily balance sheet driven.
  • Furthermore, the contractual structure within project finance transactions usually involves the establishment of a Special Purpose Vehicle (“SPV”) to undertake one particular goal (e.g. DBFM) over an agreed time period. The shareholders of the SPV usually belong to larger corporations but are legally independent of their parent companies.
  • Moreover, given the fierce competition within the infrastructure sector due to the current macroeconomic situation (e.g. quantitative easing), lenders’ bargaining power has decreased over the years and transactions are often financed by means of limited-recourse loans and thin margin for error.

TA Europe’s multilingual team consists of various engineers, architects and economists, which uses best-practice approaches (e.g. top-down, bottom-up) when it comes to evaluating the adequacy of budgets.

Over the years, TA Europe’s team members were involved in various primary and secondary market transactions within Europe and abroad. Given the diverse background of our consultants, TA Europe is in the position to assess budgets by means of taking into account engineering, statutory and commercial aspects.

Moreover, TA Europe possesses considerable benchmarks when it comes to capital expenditure (“CaPex”), operational expenditure (“OpEx”) and lifecycle / heavy maintenance / reinvestment expenditure (“RepEx”).

Given the team’s wealth of experience when it comes to understanding and challenging budgets, TA Europe can provide cost certainty, limit the risk of cost overruns and even increase the profitability within projects.

If you are involved in a project and have doubts about the proposed budgets, then please do not hesitate to get in touch with our experts.

Primary Sidebar

Cost & Profitability

  • Quantity Surveying
  • Project Finance
  • Element-based cost models at different project phases
  • Life cycle cost models for economical analysis, comprehensive costing and sustainability certifications
  • Economic Feasibility Analysis and Public Sector Comparator

Point of Contact

Ulrich Fritsch
Ulrich Fritsch

Cost Management Articles

Isarphilharmonie Munich Building Life Phases

Delivered on time and within budget – Munich’s ‘Isarphilharmonie’, a top-notch concert hall

The Munich Isar Philharmonic Concert Hall delights its guests. The building, which was initially only intended as a temporary solution while Munich’s Gasteig is being refurbished, attracts more and more fans. As one of the few construction projects of this size, it was completed on time and within budget, while providing superior acoustics. In this … Read more

Footer

TA Europe | Berlin office

Rosenstraße 2
10178 Berlin
Germany

t: +49 (0)30 243 102 – 622
e: office@taeurope.com

Click to Call

TA Europe | Essen office

Ruhrstr. 53
45219 Essen
Germany

t: +49 (0)2054 80 02 30
e: office@taeurope.com

Click to Call

TA Europe | Madrid office

Paseo de la Castellana 85, Planta 8
28046 Madrid
Spain

t: +34 (0) 61 69 72 656
e: office@taeurope.com

Click to Call

TA Europe | Brüssels office

Rue Joseph Stevensstraat 7
1000 Brussels
Belgium

t: +32 (0)477 27 33 97
e: office@taeurope.com

Click to Call

TA Europe | Frankfurt office

Gervinusstraße 17
60322 Frankfurt am Main
Germany

t: +49 (0)2054 80 02 30
e: office@taeurope.com

Click to Call

TA Europe | Munich office

Isarwinkel 8
81379 Munich
Germany

t: +49 (0)89 69 31 29 30
e: office@taeurope.com

Click to Call

TA Europe | Düsseldorf office

Girardet House, Königsallee 27
40212 Düsseldorf
Germany

t: +49 (0)211 23855 210
e: office@taeurope.com

Click to Call

TA Europe | Hamburg Office

CS Business Center, Hohe Bleichen 22
20354 Hamburg
Germany

t: +49 (0)2054 80 02 30
e: office@taeurope.com

Click to Call

Copyright © 2017-25 · Disclaimer · Privacy Policy

Copyright © 2017-25 · Disclaimer · Privacy Policy