Project Financing: Asset-Based Financial Engineering / Edition 2

Project Financing: Asset-Based Financial Engineering / Edition 2

by John D. Finnerty
     
 

Project financing is an innovative and timely financing technique that has been used on many high-profile corporate projects, including Euro Disneyland and the Eurotunnel. Employing a carefully engineered financing mix, it has long been used to fund large-scale natural resource projects, from pipelines and refineries to electric-generating facilities and… See more details below

Overview

Project financing is an innovative and timely financing technique that has been used on many high-profile corporate projects, including Euro Disneyland and the Eurotunnel. Employing a carefully engineered financing mix, it has long been used to fund large-scale natural resource projects, from pipelines and refineries to electric-generating facilities and hydro-electric projects. Increasingly, project financing is emerging as the preferred alternative to conventional methods of financing infrastructure and other large-scale projects worldwide. With actual examples and case studies, Project Financing takes you through the process step by step. It covers the rationale for project financing, how to prepare the financial plan, assess the risks, design the financing mix, and raise the funds. Along with cogent analyses of why some project financing plans have succeeded while others have failed, you'll find detailed information on designing contractual arrangements to support project financing; issues for the host governmentlegislative provisions, public/private infrastructure partnerships, public/private financing structures; credit requirements of lenders, and how to determine the project's borrowing capacity; how to prepare cash flow projections and use them to measure expected rates of return; tax and accounting considerations; and detailed case studies - including Euro Disneyland and the Eurotunnel Project - that illustrate how to apply the analytical techniques described in the book.

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Product Details

ISBN-13:
9780470086247
Publisher:
Wiley
Publication date:
05/04/2007
Series:
Wiley Finance Series, #386
Edition description:
REV
Pages:
496
Product dimensions:
6.46(w) x 9.13(h) x 1.52(d)

Table of Contents

Ch. 1Introduction1
Ch. 2The Rationale for Project Financing14
Ch. 3Analysis of Project Viability34
Ch. 4Security Arrangements53
Ch. 5Legal Structure70
Ch. 6Preparing the Financing Plan91
Ch. 7Discounted Cash Flow Analysis110
Ch. 8Financial Modeling and Project Evaluation135
Ch. 9Sources of Funds157
Ch. 10Issues for the Host Government188
Ch. 11Case Study: The Indiantown Cogeneration Project204
Ch. 12Case Study: The Tribasa Toll Road Project236
Ch. 13Case Study: The Euro Disneyland Project256
Ch. 14Case Study: The Eurotunnel Project288
Ch. 15Conclusion315
Appendix AComparative Terms of Selected Projects321
Appendix BOther Examples of Project Financings332
Appendix CLegal Investment Requirements Governing New York Life Insurance Companies347
Bibliography351
Notes358
Index371

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