Project Finance

Our project financing advisory services help clients manufacture bankable projects and secure financing solutions.

90% of
infrastructure developments in Africa never reach financial close

'Solving Africa's Infrastructure Paradox' – McKinsey, 2022.

Project finance advisory services provide clients with comprehensive support in identifying and securing financing options for their infrastructure projects.

Our team of experts leverages a network of lenders and investors, to develop customised financing strategies that meet the unique needs and goals of each project.

We work closely with clients to assess their project financing needs and identify the most suitable financing options, which may include debt, equity, or often a combination of both.

Preparing necessary feasibility studies, documentation and presenting projects to potential investors or lenders is a skill honed through years of fundraising. We get involved in the entire cycle of the financing process: sounding out investors, preparing data rooms, actively negotiating term sheets all to ensure that our clients receive the best possible terms and conditions.

Let us
help you finance your project

We specialise in raising debt and equity capital for infrastructure projects, so your project can be successful.

GIA’s project finance advisory services cover a broad range of infrastructure sectors, including energy, industrial processes, agriculture, water, transportation and telecommunications.

Emerging markets are what we specialise in and we are adept at navigating the unique challenges and opportunities that arise in these regions from Sub-Saharan Africa to Central Asia.

Whether our clients are looking to finance a small-scale project or a large, complex undertaking, we are committed to helping them secure the financing they need to bring their projects to fruition.

20 MWp
Solar 20 MWh BESS

Financing for Sierra Leone power plant.

Securing financing is the critical component of any infrastructure project.

Our project finance advisory services are designed to help clients overcome the challenges associated with financing and maximize their chances of success.

Partnering with GIA means accessing our expertise, network and resources to draw the capital you need to bring your infrastructure projects to life.

We offer project finance services for long-term infrastructure, industrial projects, and public services. Project finance revolves around utilizing a non-recourse or limited recourse financial structure (like an SPV), where the debt and equity used to finance the project are repaid from the cash flow generated by the project itself.

Project finance allows companies to fund major projects off-balance sheet, meaning it does not impact their financial statements directly. This structure relies primarily on the project’s cash flow for repayment, with the project’s assets, rights, and interests serving as secondary collateral.

The process of project finance involves the funding of long-term, capital-intensive projects such as those in the energy industry and the power sector. It can also be used to finance special purpose vehicles (SPVs) and other economic bodies. The funding for these projects is based on projected cash flows and involves various sponsors.

300MW CCGT

Financing for Senegal gas power plant.

Contractor sponsors play a key role in providing subordinated or unsecured debt and/or equity, contributing to the establishment and operation of business units.

Financial sponsors, on the other hand, are investors seeking significant returns on their investment.

Industrial sponsors typically have a vested interest in projects related to their own businesses, while public sponsors include governments at various levels.

What type of development model should I use?

In a build, operate, and transfer (BOT) project, the project finance structure typically involves the use of an SPV. The SPV’s main purpose is to subcontract most aspects of the project through construction and operations contracts. During the construction phase, when there is no revenue stream, debt service is limited, and it primarily occurs during the operations phase.

During the construction phase, parties involved take on significant risks, and the revenue stream is often secured through offtake agreements or power purchase agreements. The limited or no recourse to the project’s sponsors means that company shareholders are typically liable only up to the extent of their shareholdings. This off-balance-sheet structure benefits both the sponsors and the government.

Cash flow projections
Debt and equity financing
Project asset valuation
Offtake agreement analysis
Risk assessment and mitigation
Financial statement analysis


    Apply for Project Financing