Development of a Financing Optimization Framework Based on Risk Simulation in BOT Projects: A Case Study of the Waste-to-Energy Project

Table 16

Cumulative project flows in the state without financing and with financing.

Item	Million tomans
	Total input	Total output	Cumulative balance
Project without financing	14,498,208	3,663,378	10,834,830
Project with financing	49,756,529	41,392,396	8,364,133
Reduction of the cumulative balance of the project			23%