Principles of Project Finance
Publisher: Academic Press; Academic
Published: June 15, 2002
Language: eng
Number of pages: 344
ISBN-13: 9780127708515
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.
Description: This practical guide to project finance offers a systematic approach to this relatively new discipline. It demonstrates how a handful of principles underlie the details of long-term debt financing for major projects.