Principles of Project Finance
- 7h 26m
- Edward Yescombe
- Elsevier Science and Technology Books, Inc.
- 2002
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.
About the Author
Edward Yescombe is a law graduate of Oxford University. After working for Grindlays Bank in London, India and Singapore, he joined the Bank of Tokyo in London, where he set up project and other structured finance activities in 1987. In 1998 he became an independent consultant in project finance, and in 1998/9 advised the sponsor group for the Carthage power project, Tunisia's first IPP.
In this Book
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Introduction
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What Is Project Finance?
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The Project Finance Markets
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Project Development and Management
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Working with Lenders
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Project Contracts—(1) The Project Agreement
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Project Contracts—(2) Ancillary Contracts
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Commercial Risks
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Macroeconomic Risks
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Political Risks
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Political Risk Guarantees, Insurance, and Finance
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Financial Modeling and Evaluation
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Financial Structuring and Documentation
