Question: QUESTION FIVE (25 Marks) a) Discuss the various risks associated with a huge construction project, and give a detailed account of how you would mitigate

QUESTION FIVE (25 Marks) a) Discuss the various risks associated with

QUESTION FIVE (25 Marks) a) Discuss the various risks associated with a huge construction project, and give a detailed account of how you would mitigate the risk. (15 Marks) b) Why do banks require "recourse" loans? Why do banks require "nonrecourse" loans? Why would sponsors prefer "non-recourse" loans? (5 Marks) c) The fact that governments are constrained by excessive borrowing has been an important driver behind the development of PPPs; explain why

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