The Principles of Project Finance

Rod Morrison has been editor of Project Finance International, the leading global information source on project finance since 1993. The publication is part of Thomson Reuters and includes daily news updates, a bi-weekly news magazine, monthly supplements and a Yearbook. He has hosted numerous conferences and roundtables on the subject around the world. Mr Morrison has edited seven books on the subject covering topics such as infrastructure, oil and gas, renewable, power and mining.

The Principles of Project Finance highlights the ideas behind an important concept in the global capital markets: project finance. This technique is used to fund large capital expenditure projects and is positioned at a key point between the global capital markets and the energy and infrastructure industries. The chapters, written by leading players from around the world, explain and illustrate the ideas behind project finance. The first reviews various themes and issues key to the project finance market; the second section looks at how project finance is used in various sectors of the energy and infrastructure markets; the third then takes an in-depth look at various projects finance markets from around the world; finally, the fourth section presents a series of Top 10 deal cases studies from the pages of Thomson Reuters Project Finance International (PFI), the leading source of global project finance information.

Contents: Introduction; Section 1 Themes: Project finance - a banker's reflections, Stephen Crane; Dos and don'ts for successful projects, Anne Baldock; The role of financial advisors in project finance, David Edwards, Peter Brown and Catriona Coulthurst; Multisource project financing, Dennis Nordstrom, Simon Dickens, Matthew Brown and Kelann Stirling; The role and impact of export credit agencies in project finance, Terry Newendorp, John Sachs and Jennifer Hara; The role of multilateral banks and ECAs, Bob Sheppard; Basel III and its implications for project finance, Edward Chan and Matthew Worth; Déjà vu or a new paradigm?, Liam O'Keeffe; Project bonds in project finance, Jean-Pierre Boudrias and Rebecca Kotkin; Insurance principles in project finance, David Borthwick; The equator principles - the global standard, Suellen Lazarus; Chinese and Korean contractors in large project finance transactions, Clare Rhodes James. Section 2 Sectors: Financing renewable energy, Mark Henderson; Financing offshore wind, Jérÿme Guillet; International renewable incentives, Simon Currie; Project financing LNG projects, David Ledesma; RBL in the oil and gas sector, Keith O'Donnell; Non-recourse financing for mines, Eero Rautalahti; The evolving market and models for PPPs in Europe, James Neal; Emerging markets project finance, Kate Baragona; Forecasting traffic on infrastructure schemes, Charles Russell; Light rail - the issues, Robert Lewin; UK waste projects - an assessment, Melville Haggard. Section 3 Countries: Project finance in emerging markets, Atif Ansar; Project finance in Australia, Phillip Cornwell, Rob Watt, Ben Farnsworth and Hugh Boylan; Vietnam infrastructure: needs and challenges, James Harris and Stanley Boots; Indonesia, The future, Andrew Kinloch; Key challenges in India, L. Viswanathan; Project finance in Turkey, Yesim Bezen and Banu Aslan; Project finance in Russia, Marc Partridge; Unleashing Africa's infrastructure potential, Ravi Suri and Simon Lassman;