QUESTION 16

1. Environmental risk has to do with potential negative impact that the building project could have on the surrounding environment. Therefore:

   	A.	This risk category does not depend on the type of project in question.
   	B.	This risk category could also be linked to political risks.
   	C.	This risk category isnt affected by change in law.

5 points

QUESTION 17

1. With a turnkey construction contract, the contractor guarantees the SPV:

   	A.	The completion date and performance of the plant, but not the cost of the works.
   	B.	The performance and the cost of the plant, but not the completion date.
   	C.	The completion date, plant performance and the cost of the works.

5 points

QUESTION 18

1. Is it possible to shift market risk from the SPV to third parties from the outset?

   	A.	Yes, with the stipulation of long-term sale contracts.
   	B.	Not always, only when a very small number of purchasers can stipulate long-term purchase contracts with the SPV.
   	C.	Yes, always for projects where a concession agreement with the government has been signed.

5 points

QUESTION 19

1. Complete the following sentence: With the ........... model, the Public Administration delegates planning and realization of the project to a private party, together with operating management of the facility for a given period of time. During this period, the private party is entitled to retain all receipts generated by operations but is not the owner of the structure:

   	A.	BOT.
   	B.	BOOT.
   	C.	BOO.

5 points

QUESTION 20

1. From a legal standpoint, building a project finance deal requires:

   	A.	Specialized expertise in a wide variety of fields.
   	B.	A huge quantity of work which is spread out over a very long time horizon. (In fact, activating a project finance initiative is extremely time-consuming.)
   	C.	Knowledge of relevant legislation rather than prior experience in the field.