Legal requirements for satisfaction of bankability criteria in project finance pattern

Document Type : Original Article


1 Associate Professor of Law, University of Tehran.

2 (Ph.D. in Oil and Gas Law, University of Tehran)



In many projects, project financing has progressed beyond the feasibility study and bankability of the project. This issue is more important in project finance in comparison to other project financings. the term project finance implies that the underlying debt is non-recourse or limited recourse to the project sponsor and project finance lenders base credit appraisals on the projected revenues from the operation of the project and the revenue-producing contracts and cash flow. That is why the bankability criteria of the contractual networks in project finance need to be analyzed.


Main Subjects