Which of the following features is NOT generally true of project finance in Australia?
A) Guarantees provided by sponsors to lenders usually do not cover all the risks involved in the project.
B) A project company is usually established as a separate legal entity.
C) Lenders rely mainly on the expected future cash flows and the assets of the project.
D) Finance is usually established on a non-recourse basis.
Correct Answer:
Verified
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