Principles of Project Finance

by E.R. Yescombe

The Second Edition of this best-selling introduction for practitioners uses new material and updates to describe the changing environment for project finance.  Integrating recent developments in credit markets with revised insights into making project finance deals, the second edition offers a balanced view of project financing by combining legal, contractual, scheduling, and other subjects. Its emphasis on concepts and techniques makes it critical for those who want to succeed in financing large projects.  With extensive cross-references and a comprehensive glossary, the Second Edition presents anew a guide to the principles and practical issues that can commonly cause difficulties in commercial and financial negotiations.

Provides a basic introduction to project finance and its relationship with other financing techniques Describes and sources of project finance; typical commercial contracts (e.g., for construction of the project and sale of its product or services) and their effects on project-finance structures; project-finance risk assessment from the points of view of lenders, investors, and other project parties; how lenders and investors evaluate the risks and returns on a project; the rôle of the public sector in public-private partnerships and other privately-financed infrastructure projects; how all these issues are dealt with in the financing agreements

Genres: Finance, Business, Nonfiction

491 pages, Kindle Edition

First published January 1, 2002

About the author

E.R. Yescombe is a consultant on public-private partnerships and project finance, with many years’ experience in various forms of structured finance, including project finance, leasing, export credits, property and asset finance. He has advised government entities on PPP policy issues and contract standardisation, as well as both public- and private-sector clients on the financial aspects of PPP and other project finance-funded contracts, as well as providing public and private training seminars in these fields.

His books "Principles of Project Finance" (2nd edition 2014, 1st edition 2002), and "Public-Private Partnerships: Principles of Policy and Finance" (2007), translated inter alia into Chinese, Japanese and Russian, are recognised as leading works on these subjects. He was previously head of project finance in Europe for Bank of Tokyo-Mitsubishi, one of the world's largest project-finance lenders.

Reviews

[Bookreadingnarcissist · Rating 2 out of 5]

Pretty awful read. Yescombe constantly repeats himself and writes in a really convoluted manner. Would not recommend.

[Andrew Moore · Rating 3 out of 5]

Not a page turner by any means, but pretty fun as far as textbooks go.

[Casual Ecocentrism · Rating 3 out of 5]

A doozy but useful. Many bizarre editing errors, a whole paragraph is repeated at one point, but these also serve as fun easter eggs to wake you out of the inevitable slumber that you will face reading this book.

[Odmaa]

nice bbook