Stadium financing : a case study of the Stade de France

Both finance and construction of major projects have dramatically evolved in the past ten years. Technological breakthrough such as computer orientated design, new cements, new machines have led to a more efficient production process. In the mean time, project financing has been greatly advanced and new techniques have appeared. Large and complex projects have started to be partially funded by the private sector as a result of the will to cut public spending. Indeed, States and governments realized that the returns should be taken more seriously in publicly supported infrastructure projects. To make many projects bankable, new mixes of public-private partnership with new financing schemes have been developed. Financial engineers have developed new securities, backed by the future stream of cash flows generated by the project income. Those securities, enhanced by risk-specialized agencies, will maybe constitute a major innovation and will allow financial engineers to access a new set of investors: small bondholders. This thesis is focused on one such scheme: the financing of the Stade de France.

Department dc:contributor.department

Massachusetts Institute of Technology. Dept. of Civil and Environmental Engineering.

Grantor dc:publisher

Massachusetts Institute of Technology

Year dc:date.issued

1999

Author dc:creator

• Bouygues, Bruno, 1974-

Advisor dc:contributor.advisor

• Fred Moavenzadeh.

• Civil and Environmental Engineering.

Statement dc:rights

• M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission.

Licence dc:rights.uri

• http://dspace.mit.edu/handle/1721.1/7582

Language dc:language.iso

eng

Handle dc:identifier.uri

http://hdl.handle.net/1721.1/9142

OAI identifier oai:identifier

oai:dspace.mit.edu:1721.1/9142