General contractor and project financing in the realization of major public civil engineering projects in Italy.
General contractor and project financing in the realization of major public civil engineering projects in Italy.
Author(s): Vincenzo FarinaSubject(s): Economy, Law, Constitution, Jurisprudence, Law on Economics, Socio-Economic Research
Published by: Wydawnictwo Wyższej Szkoły Gospodarki Euroregionalnej im. Alcide De Gasperi w Józefowie
Keywords: new General Contractor provision; Italian legal system; sector of public procurement; project financing;
Summary/Abstract: In this presentation we will discuss the new General Contractor provision in the Italian legal system, analyzing the financing of major civil engineering projects through Project Financing. We will thus examine in detail: the role and function of Special Purpose Vehicles established by the General Contractor; the joint liability of the entities constituting the General Contractor; the transfer of special- purpose vehicle shares, the issue of securities, and performance bonds as relating to project realisation, and its relationships with project operation.
Journal: Journal of Modern Science
- Issue Year: 14/2012
- Issue No: 3
- Page Range: 259-272
- Page Count: 14
- Language: English