
Principles of Project Finance
E. R. Yescombe(Author)
Academic Press
Published on 6. July 2002
Book
Hardback
368 pages
978-0-12-770851-5 (ISBN)
Article exhausted; check for reprint
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.
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.
Reviews / Votes
"This book provides a comprehensive treatment of project finance accessible to those less familiar with the subject matter yet detailed enough to serve as a valuable reference for the experienced manager. The book covers a wide array of topics from legal issues to valuation methods, and even hedging financial risk with financial derivatives. Given the increasing importance of project finance in Asia and the Pacific Rim, Principles of Project Finance, will be an invaluable reference for academics and managers alike in this region." --Nobuya Takezawa, International Christian University, Tokyo, Japan"This is an authoritative work written by a distinguished practitioner. I have no doubt it will quickly become a key text for those in both public or private sectors whose work involves Project Finance." --Michael Gerrard, Head of Public Private Partnerships, Partnerships UK plc
More details
Language
English
Place of publication
San Diego
United States
Publishing group
Elsevier Science Publishing Co Inc
Target group
Professional and scholarly
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.
Dimensions
Height: 229 mm
Width: 152 mm
Weight
730 gr
ISBN-13
978-0-12-770851-5 (9780127708515)
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E. R. Yescombe
Principles of Project Finance
Book
12/2013
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Academic Press
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E. R. Yescombe
Principles of Project Finance
E-Book
07/2002
1st Edition
Academic Press
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E. R. Yescombe
Principles of Project Finance
Book
06/2002
Academic Press
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Person
E.R. Yescombe has over 30 years' 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.
Content
IntroductionWhat is Project Finance? The Project Finance MarketsProject Development and ManagementWorking with LendersProject Contracts: (1) The Project AgreementProject Contracts: (2) Ancillary ContractsCommercial RisksMacro-economic Risks Political Risks Political Risk Guarantees, Insurance and Finance Financial Modelling and Evaluation Financial Structuring and DocumentationGlossary and Abbreviations