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Confined recourse lending was accustomed to finance maritime voyages in historical Greece and Rome. Its use in infrastructure projects dates to the event on the Panama Canal, and was widespread in the US oil and gas industry through the early twentieth century.
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Even so, project finance for prime-possibility infrastructure schemes originated with the development of your North Sea oil fields during the 1970s and 1980s. This sort of projects were being Beforehand accomplished by way of utility or federal government bond issuances, or other traditional company finance buildings.