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Project Finance for Construction and Infrastructure

Project Finance for Construction and Infrastructure PDF Author: Frederik Pretorius
Publisher: John Wiley & Sons
ISBN: 0470697938
Category : Technology & Engineering
Languages : en
Pages : 372

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Book Description
This is a self-contained text on the logic and institutions of project finance, supplemented by a series of project finance case studies illustrating applications in different economic environments, across different jurisdictions and at different stages of development. It will introduce an analytical framework drawing on applied institutional economics that includes and concentrates primarily on an analysis of the institutional logic behind generic project finance arrangements. The application of the institutional framework will be demonstrated with project cases from Hong Kong, Thailand, India, Europe and Azerbaijan – each at different stages of development. While each project case will have a general theme and will highlight aspects of interest to built environment professionals, it will primarily be used to illustrate one or more specific PF/PFI principle.

Project Finance for Construction and Infrastructure

Project Finance for Construction and Infrastructure PDF Author: Frederik Pretorius
Publisher: John Wiley & Sons
ISBN: 0470697938
Category : Technology & Engineering
Languages : en
Pages : 372

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Book Description
This is a self-contained text on the logic and institutions of project finance, supplemented by a series of project finance case studies illustrating applications in different economic environments, across different jurisdictions and at different stages of development. It will introduce an analytical framework drawing on applied institutional economics that includes and concentrates primarily on an analysis of the institutional logic behind generic project finance arrangements. The application of the institutional framework will be demonstrated with project cases from Hong Kong, Thailand, India, Europe and Azerbaijan – each at different stages of development. While each project case will have a general theme and will highlight aspects of interest to built environment professionals, it will primarily be used to illustrate one or more specific PF/PFI principle.

Project Finance in Construction

Project Finance in Construction PDF Author: Tony Merna
Publisher: John Wiley & Sons
ISBN: 1444323849
Category : Technology & Engineering
Languages : en
Pages : 192

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Book Description
Project finance has spread worldwide and includes numerousindustrial projects from power stations and waste-disposal plantsto telecommunication facilities, bridges, tunnels, railwaynetworks, and now also the building of hospitals, educationfacilities, government accommodation and tourist facilities. Despite financial assessment of PF projects being fundamental tothe lender’s decision, there is little understanding of howthe use of finance is perceived by individual stakeholders; why andhow a financial assessment is performed; who should be involved;where and when it should be performed; what data should be used;and how financial assessments should be presented. Current uncertainty in financial markets makes many sponsors ofconstruction project financings carefully consider bank liquidity,the higher cost of finance, and general uncertainty for demand.This has resulted in the postponement of a number of projects incertain industry sectors. Governments have seen tax receiptsdrastically reduced which has affected their ability to financeinfrastructure projects, often irrespective of the perceiveddemand. Equity providers still seek to invest, however there areless opportunities due to market dislocation. Due to the demand forglobal infrastructure it is believed that project financings willreturn to their pre-crunch levels, or more so, howeverlenders’ liquidity costs will be passed on to the borrowers.Lenders will also be under stricter regulation both internally andexternally. The steps outlined in the guide are designed to provide a basicunderstanding for all those involved or interested in bothstructuring and assessing project financings. Secondary contractsinvolving constructors, operators, finance providers, suppliers andofftakers can be developed and assessed to determine theircommercial viability over a projects life cycle. Special Features a structured guide to assessing the commercial viabilityof construction projects explains economic metrics to use in the decision makingprocess detailed case study shows how stakeholders apply the concept ofproject finance

Project Finance

Project Finance PDF Author: Graham D. Vinter
Publisher: Sweet & Maxwell
ISBN: 9780421909502
Category : Capital investments
Languages : en
Pages : 473

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Book Description
Published in association with the Intellectual Property Institute, this title provides a focal point for discussion of policy issues in intellectual property law and their effects on industry. It provides emphasis on interdisciplinary issues of policy, drawing together legal, economic, industrial, technical, managerial and statistical viewpoints

Project Finance for Construction

Project Finance for Construction PDF Author: Anthony Higham
Publisher: Taylor & Francis
ISBN: 1317377141
Category : Architecture
Languages : en
Pages : 400

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Book Description
The world of construction is intrinsically linked with that of finance, from the procurement and tendering stage of projects right through to valuation of buildings. In addition to this, things like administrations, liquidations, mergers, take-overs, buy-outs and floatations affect construction firms as they do all other companies. This book is a rare explanation of common construction management activities from a financial point of view. While the practical side of the industry is illustrated here with case studies, the authors also take the time to build up an understanding of balance sheets and P&L accounts before explaining how common tasks like estimating or valuation work from this perspective. Readers of this book will not only learn how to carry out the tasks of a construction cost manager, quantity surveyor or estimator, they will also understand the financial logic behind them, and the motivations that drive senior management. This is an essential book for students of quantity surveying or construction management, and all ambitious practitioners.

Project Finance in Developing Countries

Project Finance in Developing Countries PDF Author: Priscilla Anita Ahmed
Publisher: World Bank Publications
ISBN: 9780821344347
Category : Business & Economics
Languages : en
Pages : 102

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Book Description
"This report explores the changing face of project finance in developing markets. IFC, and more recently, other multilateral, bilateral, and export credit institutions have played a strong suportive role in bringing project finance to its current volumes. This role was highlighted in 1998, when these institutions sustained flows of an estimated $25 billion at a time when there was an abrupt decline in some types of private flows. IFC, in particular, was a pioneer of project finance in developing countries and has a unique depth of experience in this field, which spans more than 40 years in the practical implementation of some 2000 projects, many of them on a limited-recourse basis. Particularly in today's marketplace, IFC's ability to mobilize finance (both loan and equity for its own account and syndicated loans under its B-loan program), the strength of iis project appraisal capabilities, and its experience in structuring complex transactions in difficult environments have been reassuring to other participants and important to the successful financing of many projects. This report draws on IFC's experience in more than 230 greenfield projects costing upward of $30 billion that relied on project finance on a limited-recourse basis (see Appendix A). It opens with a brief description of the major international trends in project finance over the past two decades and then turns to the essential ingredients of successful project financing."--Publisher abstract.

Principles of Project Finance

Principles of Project Finance PDF Author: E. R. Yescombe
Publisher: Academic Press
ISBN: 0124157556
Category : Business & Economics
Languages : en
Pages : 560

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Book Description
The Second Edition of this best-selling introduction for practitioners uses new material and updates to describe the changing environment for project finance. Integrating recent developments in credit markets with revised insights into making project finance deals, the second edition offers a balanced view of project financing by combining legal, contractual, scheduling, and other subjects. Its emphasis on concepts and techniques makes it critical for those who want to succeed in financing large projects. With extensive cross-references and a comprehensive glossary, the Second Edition presents anew a guide to the principles and practical issues that can commonly cause difficulties in commercial and financial negotiations. Provides a basic introduction to project finance and its relationship with other financing techniques Describes and explains: sources of project finance; typical commercial contracts (e.g., for construction of the project and sale of its product or services) and their effects on project-finance structures; project-finance risk assessment from the points of view of lenders, investors, and other project parties; how lenders and investors evaluate the risks and returns on a project; the rôle of the public sector in public-private partnerships and other privately-financed infrastructure projects; how all these issues are dealt with in the financing agreements

Principles of Project Finance

Principles of Project Finance PDF Author: E. R. Yescombe
Publisher: Elsevier
ISBN: 0080514820
Category : Business & Economics
Languages : en
Pages : 344

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Book 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. 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 assessment from the points of view of lenders, investors, and other project parties Structuring the project finance debt The key issues in negotiating a project finance debt facility Extensive glossary and cross-referencing No prior knowledge of project finance or financing techniques is assumed

Introduction to Project Finance

Introduction to Project Finance PDF Author: Andrew Fight
Publisher: Elsevier
ISBN: 0080454682
Category : Business & Economics
Languages : en
Pages : 208

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Book Description
The term "project finance" is now being used in almost every language in every part of the world. It is the solution to infrastructure, public and private venture capital needs. It has been successfully used in the past to raise trillions of dollars of capital and promises to continue to be one of the major financing techniques for capital projects in both developed and developing countries. Project Finance aims to provide: *Overview of project finance *Understanding of the key risks involved in project finance and techniques for mitigating risk *Techniques for effective evaluation of project finance from both a financial and credit perspective The author differentiates between recourse and non-recourse funding, tackles the issues of feasibility, identifies the parties normally involved with project finance plans, and details techniques for realistic cash flow preparation. *Inspired by basic entry level training courses that have been developed by major international banks worldwide *Will enable students, and those already in the finance profession, to gain an understanding of the basic information and principles of project finance *Includes questions with answers, study topics, practical 'real world' examples and an extensive bibliography

Financial Control

Financial Control PDF Author: Martin Barnes
Publisher: Thomas Telford
ISBN: 9780727715227
Category : Technology & Engineering
Languages : en
Pages : 117

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Book Description
For engineers becoming involved in the financial control of a project, this book provides guidance. Written in a non-technical style, it gives comprehensive guidance on the practical aspects of the financial control of a business and control of a project. What is a business plan? Why is it important? These are some of the issues this book tackles.

Project Financing

Project Financing PDF Author: John D. Finnerty
Publisher: John Wiley & Sons
ISBN: 9780471146315
Category : Business & Economics
Languages : en
Pages : 384

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Book Description
"As an effective alternative to conventional direct financing, project financing has become one of the hottest topics in corporate finance. It's being used more and more frequently - and more successfully - on a wide variety of high-profile corporate projects, and has long been used to fund large-scale natural resource projects, from pipelines and refineries to electric-generating facilities and hydroelectric projects. But the challenges of successful project financing are immense, and the requirements of the process can easily be misunderstood." "This newly updated edition of Project Financing takes you through the process step by step. Using actual examples and case studies - including Euro Disneyland and the Eurotunnel Project - that illustrate how to apply the analytical techniques described in the book, it covers the rationale for project financing, how to prepare the financial plan, assess the risks, design the financing mix, and raise the funds."--BOOK JACKET.