Project Finance Modeling for Infrastructure Projects By Gregory Ahuy & Bekzod Kasimov – Financial Model Online

Free Download Project Finance Modeling for Infrastructure Projects By Gregory Ahuy & Bekzod Kasimov – Financial Model Online – Here’s What You’ll Get Inside:

Project Finance Modeling for Infrastructure Projects By Gregory Ahuy & Bekzod Kasimov – Financial Model Online, Check Out the Full Course Contents:

Project Finance Modeling for Infrastructure Projects By Gregory Ahuy & Bekzod Kasimov – Financial Model Online, Check Out This Free Video for Additional Information:

Project Finance Modeling for Infrastructure Projects By Gregory Ahuy & Bekzod Kasimov – Financial Model Online, Get Your Free PDF Sample Here:

Overview this course

Project Finance Modeling for Infrastructure Projects by Gregory Ahuy and Bekzod Kasimov (Financial Model Online) is a practitioner-led training that takes you from a blank Excel workbook to a fully integrated, bankable project finance model. Built around a greenfield toll road case study, the course walks you step by step through the design of a transparent, audit-ready model that lenders and investors can trust. Along the way, you will apply core concepts—DSCR-targeted debt sculpting, reserve accounts, cash flow waterfalls, valuation via DCF/IRR, and automation with VBA—so your spreadsheet reflects real-world deal mechanics rather than classroom abstractions.

The instructors draw on front-line experience in investment banking, infrastructure funds, energy utilities, and mining. Their approach emphasizes best-practice structure (F.A.S.T. standards), disciplined timeline modeling, and circularity management so that your model remains stable under sensitivity and scenario analysis. Whether you advise sponsors, sit on a credit team, or build models for project companies, you’ll leave with a toolkit to size debt, evaluate returns, and pressure-test risk across construction and operations.

Designed for an online environment, the program totals 9+ hours of focused content. You will build a three-statement integrated model (income statement, balance sheet, cash flow), layer on project-finance specifics—DSRA, MRA, revolver, shareholder loans—and then automate repetitive tasks to accelerate iterations. The result is a repeatable modeling workflow you can apply to toll roads, power plants, renewables, midstream assets, and beyond.

Why should you choose this course?

• End-to-end build, not theory alone. You construct a project finance model from scratch, including construction funding, financing fees, covenants, and reserves—so you understand every link in the chain.

• Banker-grade standards. The model architecture follows F.A.S.T. principles (clear layout, consistent formulas, separation of inputs, and rigorous checks), making reviews faster and audits easier.

• Debt sizing that reflects market reality. Learn to sculpt principal to a target DSCR, compute LLCR/PLCR, and map the cash flow waterfall so that coverage, distributions, and lock-up conditions are explicit.

• Automation where it matters. Use VBA macros to break circularities responsibly, run goal-seek routines, and streamline scenario/sensitivity analysis without brittle workarounds.

• Valuation and decision support. Move beyond “can we finance it?” to “should we finance it?” with DCF/IRR methods for equity, project, and blended returns.

• Transferable across sectors. While you model a toll road, the structures—construction phase drawdowns, operating curves, reserves, debt facilities—generalize to power, renewables, mining, and midstream.

• Led by deal professionals. Gregory and Bekzod bring backgrounds spanning M&A, infrastructure funds, utilities, and credit analysis, so examples and pitfalls reflect real transactions.

• Immediate practical value. The curriculum equips analysts, managers, and CFOs with a working file and a checklist-driven process you can deploy on live mandates.

What You’ll Learn

• Project finance fundamentals

  • How project cash flows (not corporate balance sheets) drive debt capacity, valuation, and feasibility.

  • The roles of sponsors, lenders, advisors, and government; risk allocation and mitigation; and how covenants shape distributions.

• Timeline & escalation mechanics

  • Build a granular timeline that distinguishes construction and operating periods, milestone dates, and indexing bases.

  • Model escalation for capex and opex using clean drivers and transparent references.

• Construction costs & funding

  • Structure capex schedules, funding sources, and financing fees; tie sources-and-uses to a robust audit trail.

  • Implement equity and debt drawdown logic, including interest during construction and fee amortization.

• Three-statement integration

  • Link revenue, opex, non-current assets, working capital, and taxes into income statement, balance sheet, and cash flow that reconcile under checks.

  • Model term loans with accurate interest accrual, amortization profiles, and covenant impacts.

• Project-finance specifics

  • Coverage ratios: Build DSCR, LLCR, and PLCR and use them to test resilience and inform lender negotiations.

  • Debt sculpting: Solve for principal profiles that meet a target DSCR while honoring debt tenor and sizing constraints.

  • Reserve accounts: Implement DSRA and MRA mechanics—funding, releases, and replenishment—consistent with facility agreements.

  • Liquidity & shareholder instruments: Model a revolver, shareholder loans, and distribution waterfalls aligned with lock-ups and triggers.

• Valuation and returns

  • Calculate project IRR and equity IRR, run NPV under multiple discount rates, and reconcile to cash distributions.

  • Present blended equity IRR and scenario-driven return profiles for investment committees.

• Automation & circularity control

  • Identify and break circular references safely (e.g., interest-linked cash sweeps) using goal-seek macros and switchable iteration logic.

  • Create debt sizing automation routines and DSRA/MRA automation for faster structuring cycles.

• Scenario & sensitivity analysis

  • Build track sheets and model checks; implement data tables for single- and multi-variable sensitivities.

  • Design scenario manager frameworks for downside, base, and upside cases, including traffic, tariff, capex overrun, and operating efficiency deltas.

• Advanced techniques

  • Apply equity-first funding logic for phase sequencing; implement clean switches to compare structuring alternatives.

  • Adopt layout discipline: calculation blocks, anchoring conventions, placeholders, and link hygiene to eliminate daisy chains.

• Communication & presentation

  • Translate technical outputs into lender-friendly schedules, concise ratio dashboards, and decision-ready summaries.

  • Document assumptions and model logic so hand-offs to colleagues, investors, or auditors are smooth.

Who Should Take This Course?

• Analysts and associates in project companies, advisory firms, or banks who must produce investment-grade models for credit papers and IC decks.

• Managers, senior managers, and associate directors who review or sign off on models and need a structured checklist for quality control.

• Financial advisors and valuation specialists seeking a rigorous approach that aligns with infrastructure fund expectations.

• Financiers and credit teams who evaluate debt capacity, covenants, and coverage ratios under multiple cases.

• CFOs and corporate developers responsible for bid submissions, lender negotiations, and portfolio scenario testing.

• Sector professionals in infrastructure, power/renewables, oil & gas, and mining who need models that reflect operational reality across the full asset life.

• Excel-savvy learners with basic knowledge of NPV/IRR who want to level up to project-finance-grade modeling.

Prerequisites: Comfortable with Excel in a financial context and familiar with time-value concepts. The course layers best practices on top of that foundation.

Conclusion

Building an infrastructure model that investors and lenders will trust demands more than clever formulas. It requires clean architecture, explicit logic, robust checks, and the ability to size debt and value equity under credible uncertainty. This course provides exactly that—an end-to-end process for constructing a transparent model, defending its assumptions, and iterating quickly as terms evolve. By completing the modules, you’ll be able to structure DSCR-aligned amortization, manage reserve accounts, quantify returns, and package results for decision makers with confidence.

Guided by instructors who have executed deals across markets and asset classes, you’ll move beyond spreadsheet habits to a professional modeling discipline. The techniques you learn—timeline design, cash flow waterfalls, circularity control, VBA automation, and scenario design—become a durable advantage in any project finance role.

Enroll now, start the toll road case build today, and present a bankable, investment-grade model that stands up to real-world scrutiny on your next deal.