Description
Book SynopsisA timely update to one of the most well-received books on project financing As an effective alternative to conventional direct financing, project financing has become one of the hottest topics in corporate finance. It''s being used more and more frequentlyand more successfullyon a wide variety of high-profile corporate projects, and has long been used to fund large-scale natural resource projects. But the challenges of successful project financing are immense, and the requirements of the process can easily be misunderstood. That''s why John Finnerty has returned with the Third Edition of Project Financing.
Drawing on his vast experience in the field, Finnerty takes you through the process step by step. Using updated examples and case studies that illustrate how to apply the analytical techniques described in the book, he covers the rationale for project financing, how to prepare the financial plan, assess the risks, design the financing mix, raise the fu
Table of Contents
Preface xi
Acknowledgments xv
Chapter 1 what is project financing? 1
Chapter 2 The Rationale For Project Financing 13
Chapter 3 what is special about large projects? 33
Chapter 4 who finances large projects? 53
Chapter 5 analyzing project viability 71
Chapter 6 analysis and financing of renewable energy projects 91
Chapter 7 Designing security arrangements 115
Chapter 8 Structuring the project 131
Chapter 9 Preparing the project financing plan 151
Chapter 10 Discounted cash flow analysis 169
Chapter 11 Financial modeling and project evaluation 193
Chapter 12 Using real-options analysis to evaluate a project 215
Chapter 13 Sources of project funds 239
Chapter 14 Managing project risks 271
Chapter 15 Sharia-compliant project financing 305
Chapter 16 Issues for the host government 331
Chapter 17 case study: the indiantown cogeneration project 347
Chapter 18 case study: the tribasa toll road project 379
Chapter 19 case study: the euro disneyland project 399
Chapter 20 case study: the eurotunnel project 431
Chapter 21 conclusion 457
Appendix A comparative terms of selected projects 463
Appendix B other examples of project financings 475
Appendix C legal investment requirements governing new york life insurance companies 489
Notes 495
Bibliography 513
Websites 521
Index 523
