Question 24 Which of the following statements is correct? a) The holders of equity in a project finance deal have no claim on the project's assets b) The higher the risk of a project finance deal the higher the debt to equity ratio c) The more politically unstable the project location, the lower the amount of equity the sponsors will have to invest d) Bonds typically have a longer lifetime than bank debts Question 25 In a typical project finance deal which of the following risks is most likely to remain with the special purpose vehicle? a) Design and construction risk b) Commissioning risks c) Operating risks d) Political risks