Principles of Project Finance

E. R. Yescombe 지음

elsevier 2002년 07월 06일 출간

작품소개

책소개

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.Key Features:-A comprehensive and authoritative guide to the theory and practice of project finance.-An international scope, covering projects in both the developed and developing worlds.-The book describes and explains: -Sources of project finance. -Typical commercial contracts (such as those for construction of the project and sale of its product or services) and their impact on the project finance structure. -Project finance risk ass

목차

Introduction What 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

출판사 서평

"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

작가정보

저자(글) E. R. Yescombe

프로젝트 파이낸스, PPP/PFI 분야 전문 컨설턴트이다. 그는 프로젝트 파이낸스, 리스, 수출금융, 부동산 및 자산금융 분야에서의 풍부한 경험을 바탕으로 발전, 인프라 및 PPP/PFI 프로젝트를 추진하는 사업주와 정부기관들 앞 자문과 강의를 제공하고 있다. 그가 저술한 프로젝트 파이낸스와 PPP 책들은 Google Scholar에서 1,000회 이상 인용되었다. 그는 런던의 Bank of Tokyo-Mitsubishi와 그 전신인 Bank of Tokyo(당시 최대 일본계 은행)에서 프로젝트 파이낸스 그룹장을 역임하면서 발전, 경제적/사회적 인프라, 통신, 자원개발, 리스, 항공기 금융 및 부동산 금융 부문 자문을 제공하고 금융을 주선하였다. 그는 영국 옥스퍼드 대학에서 법학을 전공하였다.