Project
From Open Risk Manual
Definition
A Project, in a Financial Product context, is an economically significant development in any sector at an identified location (the location does not need to be contiguous – a Project may be located over one or more geographic areas). It includes an expansion or upgrade of an existing operation.
Examples
- Power plant, mine, oil and gas Projects,
- Chemical plant, infrastructure development, manufacturing plants
- Real estate development
Projects can include new developments, expansions, or upgrades both in greenfield areas or previously developed areas. In the case of Export Credit Agency supported transactions, the new commercial, infrastructure or industrial undertaking to which the export is intended will be considered the Project.
