PAA Project Finance A/S

Scandinavian know-how
and strong relationships

Project trade financing is primarily about network, reliability, strong financial competences and security. PAA Project Finance A/S is a market leader within the project management business. Why? Because we build our business on strong relationships with turnkey contractors, and we ensure high quality deliveries, products and services – always.
The PAA Project Finance values

In PAA Project Finance, we focus on providing a continuous, professional and efficient service to our clients. We aim to be your preferred coordinating partner in development and turnkey projects − projects that are aimed at improving infrastructure, assisting in providing project financing, sourcing of equipment and logistics and ensuring a reliable environment for all stakeholders.

We achieve this by maintaining high professional standards, strong ethics and independence.

Our core values, policies and our corporate social responsibility comply with those of the Aarsleff Group, and we use the standards OHSAS 18001 – Occupational health and safety management, DS/ISO 9001 – Quality management and DS/ISO 14001 – Environmental management as reference whenever this is relevant to our services and customers.


PAA Project Finance started in 1990 under the name EAC Trading Ltd. A/S. Our initial aim was to manage and own the many different trading and non-core actives in Asia, Africa and Europe. An aim that was fully redeemed.

In 2007, the leading Danish contracting company Per Aarsleff A/S acquired EAC Trading as a fully owned subsidiary. The acquisition has mutually strengthened our market position and our spectrum of competences, as Aarsleff provides expertise to devise, plan and implement large-scale projects within infrastructure, climate change adaptation, the environment, energy etc. – from design to hand-over.

The PAA Project Finance services are rendered internally in Aarsleff as well as to customers and partners in a global environment.

In 2013, we changed our name to PAA Project Finance and what we know and do is project management and project finance. We provide project trade finance services for infrastructure projects in developing countries. Our highly developed ability to build strong relationships with our customers and partners worldwide places us among the leading players within our line of business.

The management of
PAA Project Finance

Knud Kjærgaard Christensen

Chief Operating Officer, HD-R, accounting and management

40 years of commercial experience within shipping, trading, financial management & structured project finance in a competitive global market scene.
In-dept project management and sales.

“It is our obligation to listen to our clients and partners’ needs and continuously learn from them. This enables us to find a solution that will fully satisfy all stakeholders. We live up to our promises at all times.”

Anne Ulderup

Chief Operating Officer, M. Sc. (Econ) (IBML)

Experience and qualifications include project development and project finance activities globally. Areas of responsibility comprise project execution and project management of infrastructure projects in Latin America (including day-to-day contact with the client, sub-contractors, public authorities and financial institutions). Worldwide sourcing of equipment and financial funds. Project management of turnkey projects within the sectors of water treatment, healthcare and disaster mitigation.

“Being a reliable partner is our number one priority!”

PAA Project Finance A/S|Industriholmen 2|DK-2650 Hvidovre|Denmark|CVR No.: DK14853448|T: +45 3634 4550|