Euromoney BooksEuromoney Books Online Store

Project, Trade & Real Estate Finance
Project Finance, 2nd Edition

Project Finance, 2nd Edition

This volume examines risk structuring and allocation in key industry sectors: power, transportation/tollways, railways, airports, ports, mining, oil and gas, telecoms, satellites, water/waste water. The 5 other comprehensive modules detail: the principles and types of project finance and their key characteristics and components; the methods of identifying and managing the risks involved; interpretation and use of technical feasibility and cash flow analyses; how best to structure and fund project finances; how to understand and use the legal and documentation framework to your benefit. Interest areas: project finance, project financing, risk management, financial analysis, emering markets, documentation.

This title is out of print.

Project Finance, 2nd edition clearly explains both the theory and practice of project financing and, having examined the skills necessary to bring a project to a successful close, teaches you how to apply them. 

 The 2nd edition includes a module which examines risk structuring and allocation in key industry sectors: power, transportation/tollways, railways, airports, ports, mining, oil and gas, telecoms, satellites, water/waste water.

Organised into 6 modules this training manual will describe and discuss:

  • the characteristics of project finance
  • the ways of handling the risks involved
  • risk identification and allocation in the main industry sectors
  • the techniques of analysis
  • typical structures and
  • legal and documentation issues

This workbook covers finance, business economics, banking and law in one set of workbooks and all the skills are applied in a multi-disciplinary way because of the necessity to tackle each and every risk issue.

Who Should Read this?
Lawyers, project analysts and managers, treasurers, and anyone involved in project finance

Also by Richard Tinsley:

Richard Tinsley also delivers training in this area.  To see how you can arrange a tailored in-house course, please click here.

 

 

Go to top

Table of Contents

Project Finance, second edition

Table of Contents

Module 1: Introduction and Glossary
Introduction
Risk sharing
Definitions
Types of project finance
Misconceptions
Key characteristics
Sectors
Components
Participants
1. Sponsors
2. The borrower
3. Financial advisers
4. Arrangers/lead underwriters
5. ECAs/MLAs
6. Agent/trustee
7. Lessors
8. Independent experts
9. Lawyers
10. Governments
11. Construction contractors
12. O&M companies
13. Insurers
14. Swap counterparties
15. Suppliers
16. Equipment vendors
17. Offtakers
18. Transportation companies
19. Ratings agencies
Stages in project financing
1. Identification of the market
2. Technical feasibility
3. Financial feasibility
4. Commitment letter
5. Mandate
6. Syndication
7. Documentation
8. Financial closing
9. Administration
Conclusions
Answers to test questions
Glossary

Module 2: Risk Analysis and Allocation
Introduction
Risk definitions
Risk classification
Statistical
Modellers
Checklist
Project finance
Insurance
Structural/jigsaw
Risk structures and allocation
Cash flow and risk
Operating risk
Technical component
Cost risk component
Management component
Participant risk
Completion risk
Supply risk
Market risk
Infrastructure risk
Environmental risk
Political risk
Force majeure risk
Foreign exchange risk
Engineering risk
Syndication risk
Interest risk
Legal risk
Conclusions
Risk tradeoff
Answer

Module 3: Sector Protocols
Introduction
Power
Transportation/tollways
Railways
Airports
Ports
Mining
Oil and gas
Telecoms
Satellites
Waste/ waste water
Answer to test questions

Module 4: Project Feasibility and Credit Factors
Introduction
Engineering feasability
Independent reviews
Financial feasability
Project cash flows
Operations report
Operating cash flow report
Financing reports
Ratio analysis
Payback
Present value
Accounting ratios
Answers to test questions
Appendix

Module 5: Structuring and Funding
Introduction
Structuring
Structure
Structure types
Funding
Derivatives
Export credit agencies
Multilateral agencies
Political risk insurance
Debt: equity swaps
Capital markets
Rating
Tax-effective structures
Recourse
Advisers
Information memorandum
Syndication
Agency/trustee
New structures/ funding
Answers to test questions

Module 6: Legal and Documentation Issues
Documentation framework
Project contracts
Financing agreements
Conclusions
Answers to test questions


Go to top

Authors

Richard Tinsley is President of International Advisory & Finance, a Project-Finance boutique, headquartered in Sydney, Australia. His career includes 29 business cards from such fields as quantity surveying in the construction industry, to economics and engineering in the resources sector, project analyst and negotiator in the automobile industry, to professional independent director, chief financial officer, and managing director of publicly-listed companies. Australia is the fifth country in which he has lived permanently.

Go to top

Related Titles

Go to top

Call us +44 (0)20 7779 8673
Email us Email us

Go to your shopping cart Your Shopping


Edit Shopping Cart


Subtotal: £0.00
VAT: £0.00
Total: £0.00

You have items in your Shopping Cart

Make a suggestion