Principles of Project Finance
Edition: 1st edition
Publisher: Academic Press
Published: June 15, 2002
Language: eng
Format: Hardcover
Number of pages: 344
ISBN-13: 9780127708515
Subjects: Budgeting & financial management; Finance; Project management; International - Economics; Business/Economics; Business & Economics; Business / Economics / Finance; Investments & Securities - General; Accounting - General; Business & Economics / Finance; Engineering - Civil
First sentence: Project finance is a method of raising long-term debt financing for major projects through "financial engineering," based on lending against the cash flow generated by the project alone; it depends on a detailed evaluation of a project's construction, operating and revenue risks, and their allocation between investors, lenders, and other parties through contractual and other arrangements.