Yescombe E.R. Principles of Project Finance

2nd ed. — Academic Press, 2013. — 560 p. — ISBN: 0123910587, 9780123910585.The second edition of this best-selling introduction for practitioners uses new material and updates to describe the changing environment for project finance. Integrating recent developments in credit markets with revised insights into making project finance deals, the second edition offers a balanced view of project financing by combining legal, contractual, scheduling, and other subjects. Its emphasis on concepts and techniques makes it critical for those who want to succeed in financing large projects. With extensive cross-references, a comprehensive glossary, and online spreadsheets that follow its chapters, this new edition presents a new guide to the principles and practical issues that can commonly cause difficulties in commercial and financial negotiations.Provides a basic introduction to project finance and its relationship with other financing techniques Describes and explains:
sources of project financetypical commercial contracts (e.g., for construction of the project and sale of its product or services) and their effects on project-finance structuresproject-finance risk assessment from the points of view of lenders, investors, and other project partieshow lenders and investors evaluate the risks and returns on a project the rôle of the public sector in public-private partnerships and other privately-financed infrastructure projectshow all these issues are dealt with in the financing agreements.Key FeaturesA comprehensive and authoritative guide to the theory and practice of project finance.
An international scope, covering projects in 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).
Their impact on the project-finance structure.
Project finance risk assessment from the points of view of lenders, investors and other project parties.
How investors structure their investment in a project.
The rôle of the public sector in public-private partnerships and other privately-financed infrastructure projects.
The key issues in negotiating a project-finance debt facility.
The book also.
Enables problems which may affect the ability to finance a project to be easily identified.
Covers the complex interface between commercial, legal and financial issues which surround any major project.
Deals with issues of political risk which often affect major projects.
Includes an extensive glossary and detailed cross-referencing.
No prior knowledge of project finance or other financing techniques is assumed.