Note: This is an archived Handbook entry from 2011.
|Dates & Locations:|| |
This subject has the following teaching availabilities in 2011:Semester 1, Hawthorn - Taught on campus.
Semester 2, Hawthorn - Taught on campus.
Timetable can be viewed here. For information about these dates, click here.
|Time Commitment:||Contact Hours: 28 hours of lectures, tutorials and workshops |
Total Time Commitment: Total student study time including attendance at lectures, tutorials, working groups, preparing assignments and private study approximately 120 hours.
|Recommended Background Knowledge:||nil|
|Non Allowed Subjects:||nil|
|Core Participation Requirements:||For the purposes of considering requests for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Students Experiencing Academic Disadvantage Policy, academic requirements for this subject are articulated in the Subject Description, Subject Objectives, Generic Skills and Assessment Requirements of this entry. |
The University is dedicated to provide support to those with special requirements. Further details on the disability support scheme can be found at the Disability Liaison Unit website: http://www.services.unimelb.edu.au/disability/
Melbourne Consulting and Custom Programs
Level 3, 442 Auburn Rd
Hawthorn VIC 3122
Phone: 9810 3300
note: Melbourne Consulting and Custom Programs is not currently accepting new enrolments into this subject.
The subject examines the capitalization of investment in infrastructure projects by the public and private sectors. The matters to be examined include the cost of capital, capitalization structures, the methods of financing capital intensive assets, the credit review process including credit ratings, the legal aspects of the lender-borrower relationship particularly in the context of consortium bids, Australian capital markets, the role of investment structure and taxation. Other specific matters to be considered are the different types of capital including corporate, structured and project finance, annuity bonds and the methods employed to structure long-term finance that matches the risk profile and economics of infrastructure investment. Extensive use will be made of case studies.
|Objectives:||At the completion of this subject, students are expected to: |
• Have developed an appreciation of the important role that capitalisation plays in the financing of infrastructure investment and understand the terms and techniques employed in the finance sector
• Acquire a capacity to model different capitalisation alternatives, compare financing structures and measure the effects on pre and post-tax returns
• Possess the expertise to calculate the investor’s nominal and real cost of capital, ascertain investor hurdle rates and use discounted cash flow techniques to model investment scenarios
• Demonstrate an understanding of Australian capital markets, the disciplines and indicators that are used to measure the performance of listed infrastructure entities
• Possess an understanding of the role of the financier in private sector consortium bids in the broader context of contractual and operational frameworks
• Have gained the ability to draft a project finance tender memorandum.
|Assessment:||One assignment of 3000 words (50 per cent) and |
A two-hour written examination (50 per cent)
|Breadth Options:|| |
This subject is not available as a breadth subject.
|Fees Information:||Subject EFTSL, Level, Discipline & Census Date|
|Generic Skills:||Refer to MCCP website.|
|Links to further information:||www.mccp.unimelb.edu.au|
Master of Public Infrastructure (Coursework) |
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