Principles of Project Finance

2nd Edition, 2014

Academic Press / Elsevier, 2014	金融財政事情研, 2014	中国金融出版社, 2017	Editora Contracorrente, 2022	남강기획출판부, 2022
ISBN: 0123910587	ISBN: 4322123023 ¦ Amazon Japan	ISBN: 9787504989550	ISBN: 9788569220862	ISBN: 9791197002540

“Principles of Project Finance” is a practical guide offering a systematic approach to project finance, which is used throughout the world as a method of financing energy, process plant (e.g. power-generation projects), infrastructure (including public-private partnerships) and natural-resources projects.

Project finance is used for financing projects which are dependent on cash flows, derived from contractual relationships, for repayment. By their very nature, such projects rely on integrated contractual arrangements for successful completion and operation. Because project finance dictates every aspect of a project’s development and contracts, all participants need to understand how this type of financing works and how the financial structure affects their rôles.

The book therefore follows the typical project-development process from procurement to financial close, to demonstrate the principles which underlie the structuring of long-term debt finance for major projects. It focuses on concepts and techniques without being too academic or getting lost in the detail of case studies, and is intended both as an introduction to project finance for students and a working handbook for practitioners involved in any aspect of a project.

The second edition of this best-selling introduction to project finance has been updated to describe the changing financial environment of recent years, including recent developments in credit markets. It has also been considerably expanded to enable key topics to be discussed in greater depth.  Translations in Japanese (2014), Chinese (2017), Korean (2022) and Portuguese (in Brazil, 2022) have been published.

Key Features

• 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)

  • 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

• See here for a detailed list of contents