Project Finance in Theory and Practice : Designing, Structuring, and Financing Private and Public Projects

Project finance is a fast-growing area of capital investment for major infrastructure and other large projects. Financing such projects as EuroDisney, airports, highways, tunnels, schools, hospitals, and other large projects presents a complex and interesting challenge that the specialty of project finance takes on wholeheartedly, combining financial engineering with legal and contractual expertise to develop various financing options. In this book, Stefano Gatti of Bocconi University describes the theory that underpins this cutting-edge industry, and then provides illustrations and examples from actual practice to illustrate that theory. At key points in the book, Gatti brings in other project finance experts who share their specialized knowledge on the legal issues and the role of advisors in project finance deals. The CDROM included with the book allows readers to generate results using an excel spreadsheet. *Forword by William Megginson, Professor and Rainbolt Chair in Finance, Price College of Business, The University of Oklahoma *Comprehensive coverage of theory and practice of project finance as it is practiced today in Europe and North America *CDROM included with the book contains interactive spreadsheets so that readers can input data and run and compare various scenarios, including up to the minute treatment of the cutting-edge areas of PPPs and the new problems raised by Basel II related to credit risk measurement

MoreLess

Year of publication:	2007 ; 1. Aufl.
Authors:	Gatti, Stefano
Publisher:	[s.l.] : Elsevier professional
Subject:	Projektfinanzierung \| Project finance \| Theorie \| Theory
Description of contents:	Table of Contents [gbv.de]

Extent:	Online Ressource (5816 KB, 440 S.)
Series:	Academic Press Advanced Finance Academic Press advanced finance series
Type of publication:	Book / Working Paper
Language:	English
Notes:	Description based upon print version of record Cover; Contents; Foreword; Preface; Acknowledgments; About the Author; Chapter 1: Introduction to the Theory and Practice of Project Finance; Introduction; 1.1 What Is Project Finance?; 1.2 Why Do Sponsors Use Project Finance?; 1.3 Who Are the Sponsors of a Project Finance Deal?; 1.3.1 Industrial Sponsors in Project Finance Initiatives Linked to a Core Business; 1.3.2 Public Sponsors with Social Welfare Goals; 1.3.3 Contractor/Sponsors Who Develop, Build, or Run the Plant; 1.3.4 The ''Purely'' Financial Investor; 1.4 Overview of the Features of Project Finance 1.4.1 The Contractor and the Turnkey Construction Contract (TKCC)1.4.2 Operations and Maintenance Contractor and the O&M Agreement; 1.4.3 Purchasers and Sales Agreements; 1.4.4 Suppliers and Raw Material Supply Agreements (RMSAs); 1.4.5 Project Finance as a Risk Management Technique; 1.5 The Theory of Project Finance; 1.5.1 Separate Incorporation and Avoidance of Contamination Risk; 1.5.2 Conflicts of Interest Between Sponsors and Lenders and Wealth Expropriation; Chapter 2: The Market for Project Finance: Applications and Sectors; Introduction 2.1 Historical Evolution of Project Finance and Market Segments2.2 The Global Project Finance Market; 2.2.1 A Closer Look at the European Market; 2.2.2 PPP Development; Chapter 3: Project Characteristics, Risk Analysis, and Risk Management; Introduction; 3.1 Identifying Project Risks; 3.1.1 Precompletion Phase Risks; 3.1.2 Postcompletion Phase Risks; 3.1.3 Risks Found in Both the Pre- and Postcompletion Phases; 3.2 Risk Allocation with Contracts Stipulated by the SPV; 3.2.1 Allocation of Construction Risk: The Turnkey (or Engineering, Procurement, and Construction„EPC) Agreement 3.2.2 Allocation of Supply Risk: Put-or-Pay Agreements3.2.3 Allocation of Operational Risk: Operations and Maintenance (O&M) Agreements; 3.2.4 Allocation of Market Risk; 3.3 Summary of the Risk Management Process; Chapter 4: The Role of Advisors in a Project Finance Deal; Introduction; 4.1 The Role of Legal Advisors in Project Finance Deals; 4.1.1 Legal Advisor, Legal Advisors, and Law Firms: The International Part and Local Legal Counsel; 4.1.2 Project Financing Development Stages and Impacts on the Role of Legal Advisors; 4.2 The Role of the Independent Engineer in Project Finance Deals 4.2.1 Initial Due Diligence Reporting4.2.2 Monitoring Realization of the Project (Engineering and Construction); 4.2.3 Assistance at the Time of Plant Acceptance; 4.2.4 Monitoring Operations Management; 4.3 Role of Insurance Advisors and Insurance Companies in Project Finance Deals; 4.3.1 Rationale for Using Insurance in Project Finance Deals; 4.3.2 When Should Insurance Products Be Used?; 4.3.3 Areas Where the Insurance Advisor Is Involved; 4.3.4 Types of Conventional and Financial Insurance Products Available for Project Finance Deals 4.3.5 Integrated Insurance Solutions„Structure and Content
ISBN:	0-12-373699-4 ; 0-08-055334-6 ; 978-0-08-055334-4 ; 978-0-12-373699-4
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012674405