{"product_id":"project-finance-9781119642466","title":"Project Finance","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eTackle infrastructure development projects in emerging markets with confidence\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIn \u003ci\u003eProject Finance: Applications and Insights to Emerging Markets Infrastructure\u003c\/i\u003e, distinguished professor and author Paul Clifford insightfully applies the fundamental principles of project finance structuring to infrastructure investments in emerging markets.\u003c\/p\u003e \u003cp\u003eUsing leading emerging market case studies to illuminate the underlying themes of the book, the author provides a practitioner's perspective and incisive analysis of concepts crucial to a complete understanding of project finance in emerging markets, including:\u003c\/p\u003e \u003cp\u003e Risk management\u003c\/p\u003e \u003cp\u003e ESG and impact investing\u003c\/p\u003e \u003cp\u003e The emergence of new global multilateral development banks\u003c\/p\u003e \u003cp\u003e China's Belt and Road Initiative\u003c\/p\u003e \u003cp\u003e\u003ci\u003eProject Finance\u003c\/i\u003e bridges the gap between theoretical infrastructure development, investment, and finance and the implementation of that theory with instructive and applicable case studies. \u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Principles and Application of Project Finance 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOrigins and History of Project Finance 1\u003c\/p\u003e \u003cp\u003eWhy Sponsors Use Project Finance 2\u003c\/p\u003e \u003cp\u003eProject Finance—Asset Class Performance 4\u003c\/p\u003e \u003cp\u003eGlobal Infrastructure Outlook 9\u003c\/p\u003e \u003cp\u003eThe Infrastructure Gap in Emerging Markets 12\u003c\/p\u003e \u003cp\u003eFocus—Asia Infrastructure Needs 13\u003c\/p\u003e \u003cp\u003eEndnotes 14\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Project Finance—Risk Analysis and Mitigation 17\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCommercial versus Contract Viability 19\u003c\/p\u003e \u003cp\u003eSponsor Risk 19\u003c\/p\u003e \u003cp\u003ePolitical Risk 21\u003c\/p\u003e \u003cp\u003eConstruction and Completion Risk 22\u003c\/p\u003e \u003cp\u003eOperation and Maintenance Risk 25\u003c\/p\u003e \u003cp\u003eSupply Risks 26\u003c\/p\u003e \u003cp\u003eReserve Risk 27\u003c\/p\u003e \u003cp\u003eSales\/Offtake Risk 27\u003c\/p\u003e \u003cp\u003eApprovals and Permits 30\u003c\/p\u003e \u003cp\u003eSocial and Environmental Considerations 30\u003c\/p\u003e \u003cp\u003eFinancial Risks 31\u003c\/p\u003e \u003cp\u003eForce Majeure Risk 32\u003c\/p\u003e \u003cp\u003eCase Study: Mozal Aluminum Project, Mozambique 33\u003c\/p\u003e \u003cp\u003eEndnotes 37\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Project Finance Agreements and Loan Documentation 39\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eConstruction Contracts in Project Finance 41\u003c\/p\u003e \u003cp\u003eOperations and Maintenance Contracts in Project Finance 42\u003c\/p\u003e \u003cp\u003eOfftake Contracts\/Concession Agreements 42\u003c\/p\u003e \u003cp\u003eSupply Contracts 43\u003c\/p\u003e \u003cp\u003eProject Finance Loan Documentation 44\u003c\/p\u003e \u003cp\u003eKey Lender Protection Mechanisms and Strategies for Negotiating Finance Agreements 51\u003c\/p\u003e \u003cp\u003eCase Study: Samba Drillship Oil and Gas Project, Brazil 52\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Risks and Challenges of Project Financing in Emerging Markets 61\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTrack Record of Project Finance in Emerging Markets—The Asian IPP Experience 62\u003c\/p\u003e \u003cp\u003eCurrency Mismatch—Lessons Learned from the Asian Currency Crisis 63\u003c\/p\u003e \u003cp\u003eHow the Asian Currency Crisis Transformed the Approach to Project Finance 65\u003c\/p\u003e \u003cp\u003eRole of Multilateral, Bilateral Development Banks, and Export Credit Agencies 68\u003c\/p\u003e \u003cp\u003eStakeholder Alignment Issues 71\u003c\/p\u003e \u003cp\u003eMitigating Political and Sovereign Risks 71\u003c\/p\u003e \u003cp\u003eCase Study: Dabhol Power Project, India 72\u003c\/p\u003e \u003cp\u003eEndnotes 80\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Sources of Financing for Emerging Markets 81\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMultilateral Development Banks (MDBs) 84\u003c\/p\u003e \u003cp\u003eBilateral Development Banks (BDBs) 85\u003c\/p\u003e \u003cp\u003eExport Credit Agencies (ECAs) 85\u003c\/p\u003e \u003cp\u003eCommercial Banks 87\u003c\/p\u003e \u003cp\u003ePolitical Risk Insurance Market—Breach of Contract and Non-Honoring of Financial Guarantees 88\u003c\/p\u003e \u003cp\u003eProject Bonds 89\u003c\/p\u003e \u003cp\u003eEquipment Suppliers and Financing 90\u003c\/p\u003e \u003cp\u003eInstitutional Lenders (Insurance Companies, Infrastructure Funds, Pension Funds, Private Equity, and so forth) 91\u003c\/p\u003e \u003cp\u003eStrategies for Multi-Sourced Financing in Emerging Markets 91\u003c\/p\u003e \u003cp\u003eCase Study: Nam Theun 2 Hydro Project, Laos 92\u003c\/p\u003e \u003cp\u003eEndnotes 99\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Financial Structuring and Debt Sizing 101\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Borrower\/Sponsor Objectives 103\u003c\/p\u003e \u003cp\u003eLenders’ Objectives 104\u003c\/p\u003e \u003cp\u003eDebt Sizing and Sculpting 104\u003c\/p\u003e \u003cp\u003eFinancial Structuring—Debt Sizing and Loan Amortization 106\u003c\/p\u003e \u003cp\u003eLender Ratios for Debt Calibration and Stress Testing 110\u003c\/p\u003e \u003cp\u003eCash Traps and Sweeps 110\u003c\/p\u003e \u003cp\u003eCase Study: Sabine Pass LNG Project and USA-Asia Energy Flows 112\u003c\/p\u003e \u003cp\u003eEndnotes 117\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Environmental and Social Governance (ESG) 119\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSustainable Infrastructure Project Finance and Investing 120\u003c\/p\u003e \u003cp\u003eEquator Principles 121\u003c\/p\u003e \u003cp\u003eMultilateral Development Banks and ESG\u003c\/p\u003e \u003cp\u003eFrameworks 124\u003c\/p\u003e \u003cp\u003eIFC Impact Investing Principles 127\u003c\/p\u003e \u003cp\u003eGreen Bonds 129\u003c\/p\u003e \u003cp\u003eSustainability Project Financing and UN Social Development Goals (SDGs) 131\u003c\/p\u003e \u003cp\u003eUnlocking Institutional Capital to Meet Emerging Market SDGs 134\u003c\/p\u003e \u003cp\u003eCase Study: Manzanillo Container Port Terminal Project, Mexico 136\u003c\/p\u003e \u003cp\u003eEndnotes 141\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Emerging Markets Project Finance Bonds and Local Capital Markets 143\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eProject Bonds versus Project Loans 145\u003c\/p\u003e \u003cp\u003eProject Bonds Investor Base and Market Liquidity 151\u003c\/p\u003e \u003cp\u003eLocal Currency Project Bonds and Partial Credit Guarantees\/Insurance Wraps 154\u003c\/p\u003e \u003cp\u003eCase Study: Project Bond Case Study—Mong Duong 2 Power Project, Vietnam 155\u003c\/p\u003e \u003cp\u003eEndnotes 159\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 China’s Belt and Road Initiative 161\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBackground and Scope of the Belt and Road Initiative 161\u003c\/p\u003e \u003cp\u003eChina’s Financing Strategy for BRI Infrastructure Development 170\u003c\/p\u003e \u003cp\u003eEmergence of New Multilateral Development Banks—Focus on the Asia Infrastructure Investment Bank 172\u003c\/p\u003e \u003cp\u003eEndnotes 174\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Project Finance Market Developments and Finance Structures 177\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMini-Perm Financing Structures 177\u003c\/p\u003e \u003cp\u003eBack-Levered Financings for Renewable Energy Projects 180\u003c\/p\u003e \u003cp\u003eInfrastructure Guarantee Products—Bond and Private Capital Credit Enhancement 182\u003c\/p\u003e \u003cp\u003eEndnotes 187\u003c\/p\u003e \u003cp\u003eBibliography 189\u003c\/p\u003e \u003cp\u003eIndex 195\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49407107268951,"sku":"9781119642466","price":45.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119642466.jpg?v=1730498201","url":"https:\/\/bookcurl.com\/products\/project-finance-9781119642466","provider":"Book Curl","version":"1.0","type":"link"}