A special vehicle is a company that has been created solely for a special financial transaction or transactions which is set up for special purposes such as achieving lower tax rates. It is a means to limit the liability of the parent company and a corporation can use such a vehicle to finance a large project without putting the entire firm at risk. The SPV is usually a subsidiary company with on the other hand an asset/liability structure and legal status that makes its obligations secure even if the parent company goes bankrupt. Infrastructure projects can be undertaken under the framework of a special purpose vehicle to which the banks will lend the funds. All of the project assets and contracts will be vested in the SPV.