what is project finance 
project finance is the funding of long term infrastructure industrial projects and public services using a nonrecourse or limited recourse financial structure the debt and equity used to finance the project are paid back from the cash flow generated by the project project financing is a loan structure that relies primarily on the project s cash flow for repayment with the project s assets rights and interests held as secondary collateral project finance is especially attractive to the private sector because companies can fund major projects off balance sheet obs 