Recent News

Out Of The Industry


At Thomas-Walther we value and appraise any and all forms of projects that require funding and have a group of investors that can fund a wide variety of projects and values, these can be from a countries infrastructure to individual projects. This is achieved in an open, transparent and professional manor, allowing the project owner to talk directly to the funder (if both parties agree) to ensure the best, most concise and clear information is communicated between the principles.

Thomas-Walthers Project Financing is a method of funding in which the lender looks primarily to the revenues generated by a single project, both as the source of repayment and as security for the exposure. Thomas-Walthers financing is usually for large, complex and expensive installations that might include, for example, power plants, chemical processing plants, mines, transportation infrastructure, environment, and telecommunications infrastructure.

Below is the definition of project finance from the Basel Committee on Banking Supervision, International Convergence of Capital Measurement and Capital Standards (“Basel II”), November 2005.


“Project finance may take the form of financing of the construction of a new capital installation, or refinancing of an existing installation, with or without improvements. In such transactions, the lender is usually paid solely or almost exclusively out of the money generated by the contracts for the facility’s output, such as the electricity sold by a power plant. The borrower is usually an SPE (Special Purpose Entity) that is not permitted to perform any function other than developing, owning, and operating the installation. The consequence is that repayment depends primarily on the project’s cash flow and on the collateral value of the project’s assets.”