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Glossary of terms used on this site

Term Definition
PROJECT FINANCING

Set of procedures for the realisation of public works, through the contribution of capital and expertise from the private sector. Essentially, Project Financing is referenced by Dir. 93/37 of the EEC of June 14th 1993 as amended, and for Italy, by Law 109 of Feb. 11th 1994 as amended. The main stages of the project financing are the construction and management of the realised public work, the latter allowing the investor to receive refund of the initial investment and obtain an adequate profit.