By
E. R. Yescombe, E.R. Yescombe has over 30 years of experience in various forms of structured finance, including project finance, leasing, export credits,
real estate and asset finance. A former banker and head of project finance in London for a major international bank, he is now an independent
consultant on project finance and public-private partnerships (PPPs), advising investors on financing for power, infrastructure and PPP
projects, as well as public-sector entities on PPP policy issues, project procurement and contracting.
E. R. Yescombe, E.R. Yescombe has over 30 years of experience in various forms of structured finance, including project finance, leasing, export credits,
real estate and asset finance. A former banker and head of project finance in London for a major international bank, he is now an independent
consultant on project finance and public-private partnerships (PPPs), advising investors on financing for power, infrastructure and PPP
projects, as well as public-sector entities on PPP policy issues, project procurement and contracting.
Description
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.
Audience:
Professionals (bankers, members of various financial institutions-venture capital, the capital markets, international fund groups-as well
as attorneys, various government regulators, and project finance professionals) who want a broad, high-level overview of project finance
concepts and techniques. Graduate students and students enrolled in post-graduate or professional-level private courses on project financing.
