Periodization and principles of project financing development

The financing of the project can be carried out in various ways, depending on the specific circumstances. In turn, project financing is one of these methods, but it should be considered separately from traditional and well-known financing methods, such as lending, placement of debt securities, increase in authorized capital, leasing, etc. These financing methods are characterized by the fact that they do not finance a specific project, but the company that initiated its implementation. It should be noted that project financing has its own characteristics and differs from traditional methods of financing. Unlike classical financing, project financing is directly related to a specific investment project and involves the creation of a special financial structure for its financing. In project financing, the main sources of funds are investors and creditors who allocate funds for the implementation of the project. At the same time, the risks associated with the implementation of the project are distributed among the financing participants in accordance with their share in the project. The main purpose of the study is to form an evolutionary platform for the relationship of levels of types of risk in the application of project financing. The research methodology includes methods of system-structural, functional analysis with the construction of scientific and evolutionary models based on the synthesis of modern scientific methods of cognition of economic and social phenomena in the field of project finance development. The results of the study are aimed at forming an evolutionary paradigm for the development of project financing, based on foreign experience and periodization of the Russian theory of project financing.