Subjects:

Banking and Finance

Contents:

Part I: Introduction

Part II: The Principles and Risk Allocation of Project Finance

1. Revenues

Contractual offtake

Merchant

2. Costs

The principle of cost pass through

Construction and completion

Operation

3. Financing

Relative costs, returns and risk allocation for debt and equity

Ownership structures and tax efficiency

Equity

Debt

Security

Due diligence

Shareholder support

Defaults and workouts

Secondary market transactions

4. Host Government Participation

Public-private partnerships and PFI

Contractual support

Regulation

Multiple jurisdictions

Political risk and default

5. Insurance

Construction

Operation

Reinsurance

Restoration

Part III: Sectors

6. Extractive Industries

Oil and gas

Metals and minerals

7. Electricity

Regulation

Contracted offtake

Merchant plant

Fuels

Non-fossil fuel plant

Transmission and distribution

8. Transportation Infrastructure

Roads, bridges and tunnels

Rail

Airports

9. Social Infrastructure

Health care

Prisons

Schools

10. Defence

Weapons and system procurement

Accommodation and other outsourcing

11. Water

Waste water treatment and sewage

Distribution

12. Telecommunications

Regulation

Networks

Infrastructure

This new book on project finance provides a practical 'how-to' guide to deal documentation and explanations of the legal and commercial rationale for the positions taken in these deals. Written by a team of experts from Freshfield Bruckhaus Deringer, the authors provide a clear jargon-free guide relevant to all parties in a deal.

Legal issues are analysed in the context of deal negotiation and contractual provisions that appear in actual project finance documentation in the UK and internationally, in particular covering New York. All perspectives of a typical transaction are covered including the negotiating standpoint of sponsors, funders, contractors, suppliers and service providers, and, where relevant, host governments. The authors provide sample contractual drafting in each chapter and where relevant, explanations as to how the drafting and law differs in common law and civil law jurisdictions.

The principles common to all project finance transactions are covered in the first section, while the second part considers aspects of project finance that are specific to each sector including extraction, electricity, transportation infrastructures, social infrastructures, defence, water and telecommunications industries.

• Fills a gap in the market for a thorough international guide on project finance
• Coverage of the principles and sector specific issues
• Extensive cross-referencing enables quick location of treatment of relevant topics in different sectors including extraction, electricity, transportation infrastructures, social infrastructures, defence, water and telecommunications industries
• Provides practical and relevant information for lawyers and non-lawyers
• Written by an expert team from Freshfield, Bruckhaus, Deringer.
• Appendices include model contracts and relevant legislation and cases