"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.
A 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) 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.
344 pages