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Finding a means of financing major infrastructure projects is a key to the project’s ultimate success in Africa and elsewhere. “Project finance” is a favored means of enabling governments of emerging market countries and others across the world to build roads, ports and airports; provide power to their people; exploit natural resources; build medical facilities; and finance a myriad of other public works. We will examine how infrastructure projects are structured and negotiated and how related risks are allocated and mitigated. We will examine the ways in which major projects are financed, focusing on the key legal features of the financing and the various parties who bring infrastructure projects to life.