E.R. Yescombe

E.R. Yescombe is an independent consultant on project finance and PPPs / PFI. He has many years’ experience in various forms of structured finance, including project finance, leasing, export credits, real estate and asset finance. He has provided advice to project sponsors and government entities on power, infrastructure and PPP / PFI projects, as well as training courses in these fields. His books in the fields of project finance and PPPs have some 3,000 academic citations in Google Scholar.

He was previously head of project finance in London for Bank of Tokyo-Mitsubishi, and its predecessor Bank of Tokyo (then the largest international Japanese bank). His work included advising on and arranging finance for projects in sectors such as power generation, economic and social infrastructure, telecommunications and natural resources, as well as in leasing, aircraft finance and real-estate finance. He is a law graduate of Oxford University.

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Publications

• Public-Private Partnerships: Principles of Policy and Finance (Oxford: Butterworth-Heinemann, 2nd edition 2018, co-authored by Edward Farquharson). The first edition (published in 2007) was translated into Polish (2008), Croatian (2010), Chinese (2012) and Russian (2015). The second edition has been translated into Japanese (2020) and Russian (2021).

• Principles of Project Finance (San Diego: Academic Press, 2nd edition 2014) The book is intended as both an introduction to project finance and a working handbook for those involved in any aspect of a project, and is recognised both in academic circles and amongst practitioners as a leading work on the subject. The 1st edition (published in 2002) was translated into Japanese (2006), Polish (2007), Hungarian (2008), Chinese (2010) and Russian (2016). The 2nd edition has been translated into Japanese (2014), Chinese (2017), and Korean (2022) and Portuguese (in Brazil - 2022).

• Public-Private Partnerships in Sub-Saharan Africa: Case Studies for Policymakers (Dar-es-Salaam: Institute of African Leadership for Sustainable Development (Uongozi Institute), 2017): The ten cases that are the subject of this study are intended to give public-sector policymakers in sub-Saharan Africa an insight into the many practical policy issues that arise in real-world PPP projects. The projects are from a cross-section of countries and sectors on the region. Despite their varied sectors and geographical locations, there is much in common in the policy issues that occur in them, and the Case Studies provide significant lessons for African governments wishing to implement successful PPP projects. (The book is a free download from the Uongozi Institute website.)

• Co-author of Public Private Partnerships Body of Knowledge (World Bank Group, with funding from Public-Private Infrastructure Advisory Facility (PPIAF))

• “Project Finance and PPPs” in The Routledge Companion to Public-Private Partnerships, edited by Piet de Vries [University of Twente] and Étienne B. Yehoue [IMF] (Oxford: Routledge, 2013)

• “Public-Private Partnerships” in Management Policies in Local Government Finance, (ICMA [International City/County Management Association], 6th edition, 2012)

• Co-author of How to Engage with the Private Sector in Public-Private Partnerships in Emerging Markets (World Bank / PPIAF, 2011)

• Evaluation of PPP projects financed by the EIB (Luxemburg: European Investment Bank, 2005)