Principles of Project Finance

By

  • E. R. Yescombe, YCL Consulting, London UK. Edward Yescombe is an expert in project finance, leasing, export credits, real estate finance, and asset finance.

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, a comprehensive glossary, and online spreadsheets that follow its chapters, this new edition presents a new guide to the principles and practical issues that can commonly cause difficulties in commercial and financial negotiations.
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Audience

Private sector investors and lenders who intend to make project finance deals.  Upper-division undergraduates and graduate students worldwide working in subjects studying the financing of large-scale single projects.

 

Book information

  • Published: November 2013
  • Imprint: ACADEMIC PRESS
  • ISBN: 978-0-12-391058-5

Reviews

"This book provides a concise, accurate, and updated context of project finance. Not only it is a favoured reference for project entrepreneurs, financial controllers and government regulators, but it is also a highly recommended reading for students in business and civil engineering."  --Shiguang Ma, University of Wollongong

"Yescombe’s book is the best compendium of project finance concepts I know of.   Principles is a detailed 'cook-book' for organizing project financings, comprehensive in its description of risks, contracts, and  project participants, including sponsors, capital providers, and public and multinational institutions."  --Ray Hill, Emory University




Table of Contents

  1. Introduction
  2. What is Project Finance?
  3. Project Development and Management
  4. The Project-Finance Markets
  5. Working with Lenders
  6. Types of Project Agreement
  7. Common Aspects of Project Agreements
  8. Sub-Contracts and Other Related Agreements
  9. Commercial Risks
  10. Macro-Economic Risks
  11. Regulatory and Political Risks
  12. Financial Structuring
  13. The Financial Model
  14. Project-Finance Loan Documentation
  15. Public-Sector Financial Support
  16. Export-Credit Agencies and Development-Finance Institutions
  17. Recent Market Developments and Prospects for Project Finance