oa Civil Engineering = Siviele Ingenieurswese - The role of the financier in risk
In discussing the project financier's response to risk, it is necessary to distinguish between the financier and the promoter or client. While the two may be the same - as they often effectively are in exclusively public sector projects - they are less often so in commercial projects. Promoters of major public sector capital projects are also turning to external financiers for all or part of their investment finance. This discussion will use a broad definition of financier, to include the client/promoter of the project, and will necessarily distinguish between the commercial and the public financiers, although in practice there may be considerable overlap between them.
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