Principles of Project Finance - Hardcover

E.R. Yescombe

Hardcover

ISBN 10: 0127708510 ISBN 13: 9780127708515

Publisher: Academic Press, 2002

Synopsis

This introduction for practitioners offers a balanced view of project financing, integrating legal, contractual, scheduling, and other areas that participate in large multiparty projects, large single-asset purchases, and broad-based financing programs for fleets of assets. It mixes theories and case studies but avoids becoming too oriented toward applications in any one particular industry. It focuses on the concepts and techniques required by project finance people without being overly academic or beset by case studies. The author, who has a legal background, recognizes that some legal information is necessary, but he doesn't attempt to write a law book.

Project Finance refers to the techniques of financing projects which are dependent on cash flows for repayment, as defined by the contractual relationships within each project. By their very nature, these types of projects rely on a large number of integrated contractual arrangements for successful completion and operation. Project finance is an element within the larger field of project management. Many organizations around the world utilize project management to enable innovative processes, to plan, organize, and control strategic initiatives, to monitor enterprise performance, to analyze significant deviations, and to forecast their impact on the organization and project(s). Project management can be found in many industries today, from construction and information systems to healthcare, financial services, education, and training.

• A comprehensive and authoritative guide to the theory and practice of project finance
• An international scope, covering projects in both the developed and developing worlds
• The book describes and explains: Sources of project finance
• Typical commercial contracts (such as those for construction of the project and sale of its product or services) and their impact on the project finance structure
• Project finance risk assessment from the points of view of lenders, investors, and other project parties
• Structuring the project finance debt
• The key issues in negotiating a project finance debt facility
• Extensive glossary and cross-referencing
• No prior knowledge of project finance or financing techniques is assumed

About this title

From the Back Cover

"This book provides a comprehensive treatment of project finance accessible to those less familiar with the subject matter, yet detailed enough to serve as a valuable reference for the experienced manager. The book covers a wide array of topics, from legal issues to valuation methods, and even hedging financial risk with financial derivatives. Given the increasing importance of project finance in Asia and the Pacific Rim, Principles of Project Finance will be an invaluable reference for academics and managers alike in this region." --Professor Nobuya Takezawa, International Christian University, Japan

"This is an authoritative work written by a distinguished practitioner. I have no doubt it will quickly become a key text for those in both public or private sectors whose work involves Project Finance." --Michael Gerrard, Head of Public Private Partnerships, Partnerships Uk plc

E. R. Yescombe's practical guide to project finance offers a systematic approach to this relatively new discipline, which is now used throughout the world in energy, infrastructure, natural resources, and other projects. Because project finance dictates every aspect of a project's development and contractual arrangements, all participants need to understand how this type of financing works and how the financial structure affects their roles. This examination of financial engineering tools therefore follows the typical project development process to demonstrate the principles which underlie the structuring of long-term debt finance for major projects. The book is intended both as an introduction to project finance and a general working handbook for those involved in any aspect of a project.

Key Features:

• A comprehensive and authoritative guide to the theory and practice of project finance
• An international scope, covering projects in both the developed and developing worlds
• The book describes and explains:
• Sources of project finance
• Typical commercial contracts (such as those for construction of the project and sale of its product or services) and their impact on the project finance structure
• Project finance risk assessment from the points of view of lenders, investors, and other project parties
• Structuring the project finance debt
• The key issues in negotiating a project finance debt facility
• Extensive glossary and cross-referencing
• No prior knowledge of project finance or financing techniques is assumed.

About the Author

E.R. Yescombe is an independent consultant on project finance and public-private partnerships (PPPs), advising investors on financing for power, infrastructure and PPP projects, as well as public-sector entities on PPP policy issues, project procurement and contracting.

Edition details

• Publisher: Academic Press
• Publication date: 2002
• ISBN 10: 0127708510
• ISBN 13: 9780127708515
• Binding: Hardcover
• Language: English
• Edition number: 1
• Number of pages: 368