Despite the global banking crisis, the project finance market remains dominated by commercial banks. Whilst project finance lending has stood up well from a credit perspective, the liquidity of the market has been severely impacted.
This paper examines the barriers to accessing the debt capital markets for project financing and provides a qualitative and quantitative analysis of the potential solutions that are being developed - in particular the product being offered by Hadrian's Wall Capital as compared to the current project finance bank market.