{"product_id":"project-finance-for-construction-and-infrastructure-principles-and-case-studies-hardback-9781405151276","title":"Project Finance for Construction and Infrastructure; Principles and Case Studies (Hardback) 9781405151276","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eProject Finance for Construction and Infrastructure\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003ePrinciples and Case Studies\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eFrederik Pretorius (Author), Douglas Arner (Author), Berry-Fong Chung-Hsu (Author), Paul Lejot (Author), Arthur McInnes (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781405151276, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 19 December 2007\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e384 pages\u003cbr\u003e25.4 x 19.8 x 2.5 cm, 1.089 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e\u003cp\u003e\"An interesting publication with many key aims, it looks to supply the concepts of project finance to academics and students by the utilisation of real projects.\" (\u003ci\u003eBuilding Engineer\u003c\/i\u003e)\u003c\/p\u003e\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cp\u003eThis 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.\u003c\/p\u003e \u003cp\u003eIt 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.\u003c\/p\u003e \u003cp\u003eThe 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.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003ePreface vi\u003c\/p\u003e \u003cp\u003eAcknowledgements ix\u003c\/p\u003e \u003cp\u003eAbout the Authors x\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 The Nature of Project Finance 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 The world of projects today 3\u003c\/p\u003e \u003cp\u003e1.2 Corporations, finance and projects: important concepts 5\u003c\/p\u003e \u003cp\u003e1.3 The project company business model 12\u003c\/p\u003e \u003cp\u003e1.4 The project cycle 21\u003c\/p\u003e \u003cp\u003e1.5 System concepts and the project company 29\u003c\/p\u003e \u003cp\u003e1.6 Plan of the book 39\u003c\/p\u003e \u003cp\u003eKey concepts 42\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 Complex Transactions 43\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 Transactions, the cost of transactions, transaction cost economics, and projects 44\u003c\/p\u003e \u003cp\u003e2.2 A more formal approach to disaggregation of transactions 51\u003c\/p\u003e \u003cp\u003e2.3 The influence of agency on transaction costs -- agency costs 58\u003c\/p\u003e \u003cp\u003e2.4 Corporate finance context 64\u003c\/p\u003e \u003cp\u003e2.5 Incentive conflicts in corporate finance 69\u003c\/p\u003e \u003cp\u003e2.6 Transaction costs and agency -- theoretic logic of the project finance model 75\u003c\/p\u003e \u003cp\u003eKey concepts 78\u003c\/p\u003e \u003cp\u003eAppendix 2.1 Comparison of long-term debt instruments 79\u003c\/p\u003e \u003cp\u003eA2.1.1 Syndicated loans 80\u003c\/p\u003e \u003cp\u003eA2.1.2 International bonds 86\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 Financial Evaluation 93\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 Valuation and the project company 94\u003c\/p\u003e \u003cp\u003e3.2 Valuation and the project company as a single-asset business 111\u003c\/p\u003e \u003cp\u003e3.3 Capital budgeting decisions 135\u003c\/p\u003e \u003cp\u003eKey concepts 149\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 Managing Risk in Project Finance Transactions 150\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 The project cycle revisited 152\u003c\/p\u003e \u003cp\u003e4.2 Risk management approaches 155\u003c\/p\u003e \u003cp\u003e4.3 The project company and risk identification 169\u003c\/p\u003e \u003cp\u003e4.4 Risks in the construction phase 188\u003c\/p\u003e \u003cp\u003e4.5 The institutional environment and risk 195\u003c\/p\u003e \u003cp\u003e4.6 Risk management and project lenders 203\u003c\/p\u003e \u003cp\u003eKey concepts 214\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 Continuing Evolution: from PF to PFI, PPP and beyond 216\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 Introduction 216\u003c\/p\u003e \u003cp\u003e5.2 PFI origins 219\u003c\/p\u003e \u003cp\u003e5.3 Types of PFI 221\u003c\/p\u003e \u003cp\u003e5.4 PFI features 223\u003c\/p\u003e \u003cp\u003e5.5 Procurement process principles 225\u003c\/p\u003e \u003cp\u003e5.6 Contract and control structure 231\u003c\/p\u003e \u003cp\u003e5.7 The special purpose or project vehicle and financing 232\u003c\/p\u003e \u003cp\u003e5.8 PFI\/PPP and rational privatisation 233\u003c\/p\u003e \u003cp\u003e5.9 Risk management 234\u003c\/p\u003e \u003cp\u003e5.10 Financial risk in PFI and PPPs 239\u003c\/p\u003e \u003cp\u003e5.11 Challenges for PFI and PPP and the responses 239\u003c\/p\u003e \u003cp\u003e5.12 The lessons 242\u003c\/p\u003e \u003cp\u003eKey concepts 244\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 The Relevance of Sound Demand in Infrastructure Project Finance: the Sydney CrossCity Tunnel 245\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 Infrastructure fi nance: the Sydney CrossCity Tunnel 245\u003c\/p\u003e \u003cp\u003e6.2 History of the CCT project 246\u003c\/p\u003e \u003cp\u003e6.3 Cheung Kong Infrastructure Holdings Limited 252\u003c\/p\u003e \u003cp\u003e6.4 The bidding process 256\u003c\/p\u003e \u003cp\u003e6.5 Valuing the project 257\u003c\/p\u003e \u003cp\u003e6.6 Assessing project risks 261\u003c\/p\u003e \u003cp\u003e6.7 Capital structure 262\u003c\/p\u003e \u003cp\u003e6.8 Completion of the deal 266\u003c\/p\u003e \u003cp\u003e6.9 Project outcomes 278\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 Financial Structure and Infrastructure Project Finance: the Hong Kong Western Harbour Crossing 280\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 Refinancing the Western Harbour Crossing, Hong Kong 280\u003c\/p\u003e \u003cp\u003e7.2 History of the Western Harbour Crossing 281\u003c\/p\u003e \u003cp\u003e7.3 Valuation of the project 302\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 Institutional Risks and Infrastructure Project Finance: the Dabhol Power Project 308\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 Dabhol Power Project 309\u003c\/p\u003e \u003cp\u003e8.2 Development of the Dabhol Power Project 312\u003c\/p\u003e \u003cp\u003e8.3 Power purchase agreement 314\u003c\/p\u003e \u003cp\u003e8.4 Epilogue 321\u003c\/p\u003e \u003cp\u003e8.5 Analysis 321\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 Extreme Complexity in Transacting: public private partnerships at work in the London Underground 324\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9.1 Public private partnership: London Underground 324\u003c\/p\u003e \u003cp\u003e9.2 Two countries, two systems 325\u003c\/p\u003e \u003cp\u003e9.3 Public private partnership 328\u003c\/p\u003e \u003cp\u003e9.4 Endnote 346\u003c\/p\u003e \u003cp\u003eReferences 348\u003c\/p\u003e \u003cp\u003eIndex 354\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Civil engineering, surveying \u0026amp; building [\u003ca title=\"See our other books on Civil engineering, surveying \u0026amp; building\" 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