Project Finance 2023

1. Project Finance Panorama

1.1 Sponsors and Lenders

As the Cayman Islands is typically used as a tax-neutral jurisdiction that is an efficient and neu­tral platform for sponsors and investors alike, a broad variety of participants in the interna­tional project finance space can be found, from domestic construction companies and foreign international infrastructure companies on the sponsor side, to government-owned develop­ment banks, institutional lending banks, and pri­vate equity and hedge funds, on the lender side.

1.2 Public-Private Partnership Transactions

Historically, soft-law guidelines from administra­tive authorities in the Cayman Islands were the main source of PPP regulation for local PPP pro­jects. However, the introduction of a public pro­curement legal framework in 2018 has resulted in the Cayman Islands having one of the young­est PPP law and regulation models in the world. This framework has been used as the basis for assessing and