Project Finance in Theory and Practice: Designing, Structuring, and Financing Private and Public Projects, Third Edition presents a set of topics that can be applied to any project financing task. It includes essential, core material for project finance, offering new insights about Sharia-compliant instruments and a comprehensive overview of the current state of the international regulation of banking post financial crisis. This updated edition includes new case studies and topics related to country risk, along with insights from project finance experts who share their specialized knowledge on legal issues and the role of advisors in project finance details.
The book is useful for readers at all levels of education and experience who want to learn how to succeed in project finance.
- Expanded by almost 10%, the Third Edition presents three new cases, one from outside Europe
- Addresses human rights and sustainability issues, in particular the Equator Principles for determining, assessing, and managing environmental and social risk in projects
- Expands its treatment of guarantee mechanisms that governments are increasingly providing to private developers to attract private capital
Upper-division undergraduates, graduate students, and professionals worldwide working on project finance
1. An Introduction to the Theory and Practice of Project Finance
2. The Market for Project Finance: Applications and the Sectors
3. Project Characteristics, Risk Analysis, and Risk Allocation
4. The Role of Advisors in a Project Finance Deal
5. Valuing the Project and Project Cash Flow Analysis
6. Financing the Deal
7. Legal Aspects of Project Finance
8. Credit Risk in Project Finance Transactions
1. Cogeneration 1
2. Italy Water System
3. Odebrecht Norbe Drilling VIII/IX
4. Watercraft Capital
5. Viveracqua Hydrobond
6. Quezon Power Ltd. Co.
Appendix: The Structure and Functioning of the Simulation Model Introduction
- No. of pages:
- © Academic Press 2019
- 1st June 2018
- Academic Press
- eBook ISBN:
- Paperback ISBN:
Stefano Gatti is the Antin Infrastructure Partners Chair Professor of Infrastructure Finance and Professor of Practice in Finance. He is the Director of the Full Time MBA and former Director of the International Teachers’ Programme at SDA Bocconi School of Management. His main area of research is corporate finance and investment banking. He has published in these areas including publications in the Journal of Money, credit and banking, Financial Management, the Journal of Applied Corporate Finance and the European Journal of Operational Research. Professor Gatti has published a variety of texts on banking and finance areas and has acted as a consultant to several financial and non-financial institutions and for the Italian Ministry of the Economy, the Financial Stability Board, The InterAmerican Development Bank, the Asian Development Bank and the OECD/Group of G20. He is financial advisor of the Pension Fund of Health care professions, member of the compliance risk committee of Deutsche Bank and member of the Board of Directors and board of auditors of Italian industrial and financial corporations.
Professor, Bocconi University, Milan, Italy and consultant for banks and manufacturing firms in Italy and a trainer for managers and government members in Russia, Africa and China
"Project finance is a long-established technique for non-recourse financing and is extremely relevant today, with more and more infrastructure and other large projects being developed. Professor Gatti and the other contributors use practical concepts and very relevant case studies to clearly explain project financing to their readers. This book is a must-read and a reference book valuable to professionals and practitioners." --Jean Pierre Mustier, Chief Executive Officer and General Manager, UniCredit SpA
"Gatti's book provides comprehensive and coherent coverage of project finance, including transaction structures, the institutional environment, and financial analysis. Its presentation of practical examples and cases makes it a great teaching tool." --Ray Hill, Emory University
"The author reaches out effectively to a broad range of readers. His book is valuable to business and finance practitioners and students, given its original viewpoint of combining rigorous theory with constant references to market best practices." --Roberto Albisetti, IFC (International Finance Corporation) Senior Manager for Mexico and Central America
"A good read as well as an excellent reference book, Project Finance in Theory and Practice is very valuable as it is successfully pitched to be useful to readers of all levels of education and experience and explains the roles and objectives of the different parties very clearly. The book can be used both for training and as a guide to best practices." --Edwin M. Charnaud, Chairman, Global Infrastructure Practice, Marsh Ltd.