GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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17:18 Nov 17, 2012 |
Romanian to English translations [PRO] Tech/Engineering - Environment & Ecology / credit | |||||||
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| Selected response from: Annamaria Amik Local time: 13:31 | ||||||
Grading comment
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Summary of answers provided | ||||
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5 +4 | project company |
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project company Explanation: Sunt societăţi înfiinţate cu scopul exclusiv al proiectului. Există firme care îşi derulează fiecare proiect printr-o companie nou-creată. http://en.wikipedia.org/wiki/Project_finance As a special purpose entity, the project company has no assets other than the project. Capital contribution commitments by the owners of the project company are sometimes necessary to ensure that the project is financially sound, or to assure the lenders of the sponsors' commitment. Project finance is often more complicated than alternative financing methods. Sau în cazul consorţiilor uneori autorităţile contractante solicită crearea unei noi companii, şi aceea se mai numeşte project company. If there is more than one sponsor, the sponsors typically will form a corporation or enter into a partnership or other arrangement pursuant to which the sponsors will form a "project company" to own the project and establish their respective rights and responsibilities regarding the project. |
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Notes to answerer
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