Principles of Project Finance

Principles of Project Finance

The Second Edition of this best-selling introduction for practitioners uses new material and updates to describe the changing environment for project finance.

Author: E. R. Yescombe

Publisher: Academic Press

ISBN: 9780124157552

Category: Business & Economics

Page: 560

View: 412

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 and a comprehensive glossary, the Second Edition presents anew a 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 finance; typical commercial contracts (e.g., for construction of the project and sale of its product or services) and their effects on project-finance structures; project-finance risk assessment from the points of view of lenders, investors, and other project parties; how 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 projects; how all these issues are dealt with in the financing agreements
Categories: Business & Economics

The Principles of Project Finance

The Principles of Project Finance

Mr Sachshasadvised clientson privatization, project finance and M&A
transactions. His experience also includes structuring and raising finance from
different liquidity pools, including local and international bank debt, multilateral
and bilateral ...

Author: Rod Morrison

Publisher: Routledge

ISBN: 9781317019121

Category: Business & Economics

Page: 528

View: 154

The Principles of Project Finance reviews the technique of project finance. It explores, step-by-step, the key ingredients of the concept. The book is aimed at a business savvy audience, but one which is not necessarily up to speed on the concept, and has a global reach by covering both OECD countries and the emerging markets. Project finance is positioned at a key point between the global capital markets and the energy and infrastructure industries. To explain and illustrate the ideas behind project finance, the book is made of chapters written by a range of leading players in the market from around the world and is split into four sections: ¢ The first reviews various themes and issues key to the project finance market - views from bankers, lawyers and advisers plus chapters on bank, bond and multilateral finance and a look at environmental, insurance and construction market issues. ¢ The second section looks at how project finance is used in various sectors of the energy and infrastructure market - renewable energy, oil and gas, mining, PPPs and roads and transportation. ¢The third then takes an in-depth look at various projects finance markets from around the world - Australia, Vietnam, Indonesia, India, Turkey, Russia, Africa, France, USA and Brazil. ¢ Finally, the fourth section presents a series of Top 10 deal cases studies from the pages of Thomson Reuters Project Finance International (PFI), the leading source of global project finance information.
Categories: Business & Economics

Principles of Project and Infrastructure Finance

Principles of Project and Infrastructure Finance

The approach is intuitive, yet rigorous, making the book highly readable. Case studies are used to illustrate integration as well as to underscore the pragmatic slant.

Author: Willie Tan

Publisher: Routledge

ISBN: 9781134119035

Category: Business & Economics

Page: 296

View: 655

Current books on project finance tend to be non-technical and are either procedural or rely heavily on case studies. In contrast, this textbook provides a more analytical perspective, without a loss of pragmatism. Principles of Project and Infrastructure Finance is written for senior undergraduates, graduate students and practitioners who wish to know how major projects, such as residential and infrastructural developments, are financed. The approach is intuitive, yet rigorous, making the book highly readable. Case studies are used to illustrate integration as well as to underscore the pragmatic slant.
Categories: Business & Economics

Project Finance

Project Finance

This book will be useful for both advanced undergraduate and graduate students who want a deeper understanding of project and development finance as well as for practitioners." —PROFESSOR DAVID YU, PHD, CFA Finance Professor, New York ...

Author: Paul Clifford

Publisher: John Wiley & Sons

ISBN: 9781119642466

Category: Business & Economics

Page: 272

View: 453

Tackle infrastructure development projects in emerging markets with confidence In Project Finance: Applications and Insights to Emerging Markets Infrastructure, distinguished professor and author Paul Clifford insightfully applies the fundamental principles of project finance structuring to infrastructure investments in emerging markets. Using leading emerging market case studies to illuminate the underlying themes of the book, the author provides a practitioner’s perspective and incisive analysis of concepts crucial to a complete understanding of project finance in emerging markets, including: · Risk management · ESG and impact investing · The emergence of new global multilateral development banks · China’s Belt and Road Initiative Project Finance bridges the gap between theoretical infrastructure development, investment, and finance and the implementation of that theory with instructive and applicable case studies. Throughout, the author relies on a grounded and quantitative approach, combining the principles of corporate finance with straightforward explanations of underlying technologies, frameworks, and national policies. This book is an invaluable resource for undergraduate and graduate students in finance, as well as professionals who are expected to deal with project and infrastructure finance in emerging markets.
Categories: Business & Economics

Introduction to Project Finance

Introduction to Project Finance

The term "project finance" is now being used in almost every language in every part of the world.

Author: Andrew Fight

Publisher: Elsevier

ISBN: 9780080454689

Category: Business & Economics

Page: 208

View: 947

The term "project finance" is now being used in almost every language in every part of the world. It is the solution to infrastructure, public and private venture capital needs. It has been successfully used in the past to raise trillions of dollars of capital and promises to continue to be one of the major financing techniques for capital projects in both developed and developing countries. Project Finance aims to provide: *Overview of project finance *Understanding of the key risks involved in project finance and techniques for mitigating risk *Techniques for effective evaluation of project finance from both a financial and credit perspective The author differentiates between recourse and non-recourse funding, tackles the issues of feasibility, identifies the parties normally involved with project finance plans, and details techniques for realistic cash flow preparation. *Inspired by basic entry level training courses that have been developed by major international banks worldwide *Will enable students, and those already in the finance profession, to gain an understanding of the basic information and principles of project finance *Includes questions with answers, study topics, practical 'real world' examples and an extensive bibliography
Categories: Business & Economics

Project Finance

Project Finance

Published in association with the Intellectual Property Institute, this title provides a focal point for discussion of policy issues in intellectual property law and their effects on industry.

Author: Graham D. Vinter

Publisher: Sweet & Maxwell

ISBN: 0421909501

Category: Capital investments

Page: 473

View: 584

Published in association with the Intellectual Property Institute, this title provides a focal point for discussion of policy issues in intellectual property law and their effects on industry. It provides emphasis on interdisciplinary issues of policy, drawing together legal, economic, industrial, technical, managerial and statistical viewpoints
Categories: Capital investments

Principles of Project Management Explained

Principles of Project Management Explained

In this book, I discuss the principles of project management in a comprehensive and incredibly simple manner that will aid you in becoming the best at your job that you possibly can be.

Author: Can Akdeniz

Publisher: Can Akdeniz

ISBN:

Category:

Page: 40

View: 805

Are you a busy project manager, or even just an employee that works on projects from time to time? You work on projects regularly, yet you rarely feel one hundred percent satisfied with them, and you feel as if the feedback from others is never perfect…If that is the case, then this book is an absolute must-read to improve your career! In this book, I discuss the principles of project management in a comprehensive and incredibly simple manner that will aid you in becoming the best at your job that you possibly can be. What you’ll learn in this book: The basics of project management The different areas of project management, including: Integration management, cost management, time management, quality management, risk management, etc. Additional tips such as how to approach stakeholders for a project, how to create schedules and more! Read on to get motivated and learn how to create projects that are absolutely amazing.
Categories:

Principles of Project Formulation for Irrigation and Drainage Projects

Principles of Project Formulation for Irrigation and Drainage Projects

Seldom does the project formulation process require that the viability of the
outside financial sources be checked but, occasionally, this could occur, as for
example, when small new banks may offer to help finance a project.
Reasonableness of ...

Author: George R. Baumli

Publisher: ASCE Publications

ISBN: 0784475776

Category: Technology & Engineering

Page: 144

View: 906

Prepared by the Technical Committee on Project Formulation for Irrigation and Drainage Systems of the Irrigation and Drainage Division of ASCE. This report sets forth the generally accepted principles of project formulation and provides a guide for the planning and review of irrigation and drainage projects. Irrigation and drainage projects should be formulated to accomplish their intended purpose with full consideration of physical, economic, social, and environmental factors.Ø Irrigation and drainage projects have numerous common elements regardless of their size, scope, and location. This guide describes the series of steps involved in project formulation, as well as checklists. Topics include: determination of objectives, identification and definition of problems and needs, evaluation of available resources, development of alternative means of resolving problems and meeting the needs, evaluation of the alternatives, and selection and implementation of the recommended plan.
Categories: Technology & Engineering

Project Financing

Project Financing

Use of Contracts to Resolve Other Agency Conflicts Project financing can be a
more efficient mechanism for resolving ... But studying the basic principles of
project financing and 50 PROJECT FINANCING Why Study How Large Projects
Are ...

Author: John D. Finnerty

Publisher: John Wiley & Sons

ISBN: 1118044886

Category: Business & Economics

Page: 496

View: 197

Categories: Business & Economics

International Project Finance

International Project Finance

Providing a wide focus on financial techniques and sector coverage on an international scale, this book gives a thorough treatment of the basic principles which affect the structuring and documentation of project financings.

Author: John Dewar

Publisher: Oxford University Press

ISBN: 9780199601448

Category: Business & Economics

Page: 516

View: 261

Providing a wide focus on financial techniques and sector coverage on an international scale, this book gives a thorough treatment of the basic principles which affect the structuring and documentation of project financings. It studies structural, legal and contractual differences between the different sectors using project financing techniques.
Categories: Business & Economics

Project Finance for Construction and Infrastructure

Project Finance for Construction and Infrastructure

This is a self-contained text on the logic and institutions of project finance, supplemented by a series of project finance case studies illustrating applications in different economic environments, across different jurisdictions and at ...

Author: Frederik Pretorius

Publisher: John Wiley & Sons

ISBN: 9780470697931

Category: Technology & Engineering

Page: 372

View: 713

This is a self-contained text on the logic and institutions of project finance, supplemented by a series of project finance case studies illustrating applications in different economic environments, across different jurisdictions and at different stages of development. It will introduce an analytical framework drawing on applied institutional economics that includes and concentrates primarily on an analysis of the institutional logic behind generic project finance arrangements. The application of the institutional framework will be demonstrated with project cases from Hong Kong, Thailand, India, Europe and Azerbaijan – each at different stages of development. While each project case will have a general theme and will highlight aspects of interest to built environment professionals, it will primarily be used to illustrate one or more specific PF/PFI principle.
Categories: Technology & Engineering

Project Management

Project Management

Although project management is common in all aspects of business, there are many complex concepts and terminologies OUTLINED in this BOOK that may help you take your project managing career to the next level.

Author: Prabhu TL

Publisher: Nestfame Creations Pvt Ltd.

ISBN:

Category: Architecture

Page: 285

View: 270

Everyone manages projects — even if “project manager” isn’t your official title. Whether you’re a marketer or a creative director or an IT professional, project management is essential to achieving business objectives. Project management can be defined as the actual process of creating, organizing, and executing a plan in order to meet specific goals. However, project management is much greater than its definition. It’s actually a vast subject covering a wide variety of topics. Project management is the process of steering a project from the start through its lifecycle. The main objective of project management is to complete a project within the established goals of time, budget, and quality. Projects have life cycles since they aren’t intended to last forever. A project management life cycle starts when the project is initiated and ends when the project is either completed or terminated in one way or another. Process-based project management allows project managers to create, manage, and improve projects that align with the vision, mission, and core values of a business. All project activities and objectives are designed in such a way that they contribute towards achieving the most important organizational objectives. Process-based project management includes six stages: - Defining the processes - Identifying process indicators - Measuring performance - Adjusting objectives - Planning improvements - Implementing improvements Ideal project management can increase organizational efficiencies, boost team performance, and impact the bottom line. However, we realize not everyone is a project manager by trade. Although project management is common in all aspects of business, there are many complex concepts and terminologies OUTLINED in this BOOK that may help you take your project managing career to the next level.
Categories: Architecture

Public Private Partnerships

Public Private Partnerships

This book, based on the author's practical experience on the public- and private-sector sides of the table, reviews the key policy issues which arise for the public sector in considering whether to adopt the PPP procurement route, and the ...

Author: E. R. Yescombe

Publisher: Elsevier

ISBN: 0080489575

Category: Business & Economics

Page: 368

View: 443

Over the last decade or so, private-sector financing through public-private partnerships (PPPs) has become increasingly popular around the world as a way of procuring and maintaining public-sector infrastructure, in sectors such as transportation (roads, bridges, tunnels, railways, ports, airports), social infrastructure (hospitals, schools, prisons, social housing) public utilities (water supply, waste water treatment, waste disposal), government offices and other accommodation, and other specialised services (communications networks or defence equipment). This book, based on the author's practical experience on the public- and private-sector sides of the table, reviews the key policy issues which arise for the public sector in considering whether to adopt the PPP procurement route, and the specific application of this policy approach in PPP contracts, comparing international practices in this respect. It offers a systematic and integrated approach to financing PPPs within this public-policy framework, and explains the project-finance techniques used for this purpose. The book deals with both the Concession and PFI models of PPP, and provides a structured introduction for those who are new to the subject, whether in the academic, public-sector, investment, finance or contracting fields, as well as an aide memoire for those developing PPP policies or negotiating PPPs. The author focuses on practical concepts, issues and techniques, and does not assume any prior knowledge of PPP policy issues or financing techniques. The book describes and explains: * The different types of PPPs and how these have developed * Why PPPs are attractive to governments * General policy issues for the public sector in developing a PPP programme * PPP procurement procedures and bid evaluation * The use of project-finance techniques for PPPs * Sources of funding * Typical PPP contracts and sub-contracts, and their relationship with the project’s financial structure * Risk assessment from the points of view of the public sector, investors, lenders and other project parties * Structuring the investment and debt financing * The key issues in negotiating a project-finance debt facility. In addition the book includes an extensive glossary, as well as cross-referencing. *Reviews the PPP policy framework and development from an international perspective *Covers public- and private-sector financial analysis, structuring and investment in PPPs *No prior knowledge of project financing required
Categories: Business & Economics

Capital Budgeting Valuation

Capital Budgeting Valuation

Financial Analysis for Today's Investment Projects H. Kent Baker, Philip English.
Megginson ... “The Impact of Cash Flow Volatility on Discretionary Investment
and the Cost of Debt and Equity Financing.” Journal ... Principles of Project
Finance.

Author: H. Kent Baker

Publisher: John Wiley & Sons

ISBN: 1118044568

Category: Business & Economics

Page: 528

View: 180

An essential guide to valuation techniques and financial analysis With the collapse of the economy and financial systems, many institutions are reevaluating what they are willing to spend money on. Project valuation is key to both cost effectiveness measures and shareholder value. The purpose of this book is to provide a comprehensive examination of critical capital budgeting topics. Coverage extends from discussing basic concepts, principles, and techniques to their application to increasingly complex, real-world situations. Throughout, the book emphasizes how financially sound capital budgeting facilitates the process of value creation and discusses why various theories make sense and how firms can use them to solve problems and create wealth. Offers a strategic focus on the application of various techniques and approaches related to a firm's overall strategy Provides coverage of international topics based on the premise that managers should view business from a global perspective Emphasizes the importance of using real options Comprised of contributed chapters from both experienced professionals and academics, Capital Budgeting Valuation offers a variety of perspectives and a rich interplay of ideas related to this important financial discipline.
Categories: Business & Economics

The Principles of Project Management

The Principles of Project Management

Organic Organization Structure President President Staff Director Projects
Director of Projects Production Production Marketing Makeling Finance Finance
Contracting Contact PM Project A Production Project B Marketing Project C
Finance Etc ...

Author: Project Management Institute

Publisher: Project Management Inst

ISBN: 1880410303

Category: Business & Economics

Page: 285

View: 630

Contents- Conflict Management for Project Managers, Nicki S. Kirchof and John R. Adams, 1982.- Contract Administration for the Project Manager, M. Dean Martin, C. Claude Teagarden, and Charles F. Lambreth, 1983.- Negotiating and Contracting for Project Management. Penny Cavendish and M. Dean Martin, 1982.- An Organization Development Approach to Project Management. John R. Adams, C. Richard Bilbro, and Timothy C. Stockert, 1986.- Organizing for Project Management, Dwayne Cable and John R. Adams, 1982.- The Project Manager's Work Environment: Coping With Time and Stress, Paul C. Dinsmore, M. Dean Martin, and Gary T. Huettel, 1985.- Roles and Responsibilities of the Project Manager, John R. Adams and Bryan W. Campell, 1982.- Team Building for Project Managers, Linn C. Stuckenbruck and David Marshall, 1985.
Categories: Business & Economics

The Chancellor Guide to the Legal and Shari a Aspects of Islamic Finance

The Chancellor Guide to the Legal and Shari a Aspects of Islamic Finance

Chapter Shari'a-Compliant Project Finance: A Structural Overview Michael J.T.
McMillen1 10.1 Introduction Intimately ... The most recent and comprehensive are
Michael J.T. McMillen, Islamic Project Finance: An Introduction to Principles and ...

Author: Hymayon A. Dar

Publisher: Chancellor Publications

ISBN: 9781899217090

Category: Business & Economics

Page: 372

View: 842

Unprecedented economic growth and wealth accumulation in predominately Muslim countries have prompted many financial institutions in the US and Europe to position their investment teams across the Middle East and Asia to be closer to the markets in which they invest, and to take advantage or asset-gathering opportunities. This growth has also encouraged an increasing number of western industrialised countries to adopt legislation that responds to the requirements of the Musli investment community. To be effective in these markets it is essential that professionals have an understanding of how Shari'a legal principles are applied in the financial sector. Failure to do so exposes them and their clients to potential financial, legal and reputational pitfalls. The Chancellor Guide to the Legal and Shari'a Aspects of Islamic Finance is the first professional reference to focus specifically on the legal dimension of Islamic Finance. The guide brings together nineteen Islamic Finance legal practitioners and advisers to provide a comprehensive yet practical legal perspective on the subject. Each contributor draws on several years' hands-on experience in Islamic Finance product development and advice to leading financial institutions to provide a real-world, contemporary assessment of the key legal issues in Islamic Finance. The guide's hands-on approach and accessible style make it required reading for everyone with a professional interest in Islamic Finance, be they lawyers, accountants, regulators, bankers or investors. It is also a unique reference for academic institutions worldwide.
Categories: Business & Economics

ASEAN Enlargement

ASEAN Enlargement

The crisis may serve as a “wake-up call” on the basic principles of project
financing and investment, especially on the ... During the financial crisis, the
value of regional currencies, many of which had been pegged directly or
indirectly to the ...

Author: Mya Than

Publisher: Institute of Southeast Asian Studies

ISBN: 9789812300812

Category: ASEAN countries

Page: 378

View: 694

During the past decade, ASEAN has shifted its focus from political and military security to economic co-operation and development. Although this change may ease the integration of the four mainland Southeast Asian nations -- Vietnam, Laos, Myanmar, and Cambodia into ASEAN, there remain significant challenges to forge a workable and united ten-member ASEAN. This book examines many of the economic, political, and institutional issues confronting the enlarged regional grouping. The volume is organized into three sections based on the perspectives of the region, subregion, and the newer members. It not only addresses ASEAN's enlargement but also contributes to the debate on ASEAN's shifting role in the twenty-first century.
Categories: ASEAN countries

Global Project Finance Human Rights and Sustainable Development

Global Project Finance  Human Rights and Sustainable Development

For these financial institutions, project lending serves as a leveraging device that
is used to obtain commitment by ... Bank, and banks that subscribe to the Equator
Principles (EP) have adopted this practice of requiring borrowing companies to ...

Author: Sheldon Leader

Publisher: Cambridge University Press

ISBN: 9781139504256

Category: Law

Page:

View: 261

Many infrastructure projects around the world are funded through the project finance method, which combines private financing with public sector backing from multilateral finance institutions such as the World Bank. This examination of the theoretical and practical implications of such funding begins with a discussion of the relationship between the financial structuring of these projects and finance, policy and legal disciplines, especially in the form of investment law, human rights and environmental law. A number of case studies are then examined to provide practical insights into the application (or otherwise) of human rights and sustainable development objectives within such projects. While these theoretical perspectives do not conclude that the project finance method detracts from the application or implementation of human rights and sustainable development objectives, they do highlight the potential for the prioritisation of investment returns at the expense of human rights and environmental protection standards.
Categories: Law