The Bank finances infrastructure projects by structuring the financing against the security of the cash flow arising from the creation of the project’s assets, plus the realizable value of the assets themselves. This presupposes that the assets being financed are ring-fenced by the creation of an SPV so that the cash flow from the project is available for debt service. Projects where this kind of financing can be applied include energy projects, transportation projects, ICT projects, oil and gas projects, and other infrastructure projects.