Subjects:

Banking and Finance

Contents:

Part I. An Introduction to Project Finance:

1. An introduction to project finance

Part II. Risk Identification, Allocation, and Mitigation:

2. Project finance risks

3. Project finance cross-border risks

4. Project finance commercial risks

Part III. Project Finance Structures:

5. Project finance participants and their roles

6. Project finance structures

7. Selecting the project finance ownership structure

Part IV. Technical, Political, and Economic Feasibility:

8. The feasibility study and needs assessment

9. Host country business environment for project finance

10. Economic feasibility

11. Environmental regulation and environmental feasibility of the project

Part V. Project Finance Documentation:

12. An overview of project documentation

13. Representations and warranties in project finance credit agreements and contracts

14. Preliminary host country agreements

15. Construction contracts

16. Input contracts

17. Operation and maintenance agreements

18. Project finance off-take sales contracts

19. Power sales agreements

Part VI. Credit Enhancement:

20. Project finance credit enhancement

Part VII. Debt and Equity Financing:

21. Financing sources for the project

22. The offering memorandum

23. Project finance debt commitment letters

24. Credit and related documentation for project finance transactions

25. Export credits documentation for project finance transactions

Part VIII. Collateral:

26. Project collateral

Part IX. Project Sponsor and Investor Agreements:

27. Governing the project company: stockholder, partnership, joint venture, and management agreements

Part X. Special Topics in Project Finance:

28. Bankruptcy

29. United States laws affecting foreign investments

30. Local lawyers and overview of local laws

31. Dispute resolution in project finance transactions

32. Multilateral agency prohibitions on anticompetitive activity

33. Merchant facilities: project finance without contractually-assured revenue flows

Selected bibliography

Glossary of project finance terms

Checklist of due diligence considerations for project financing.

This extensively updated third edition continues to be the most comprehensive and authoritative guide to the business, practice, law, and practical use of project finance. It covers the complete project finance structure, from conception to negotiation to debt closing, and from project difficulties to successful restructuring. The book continues to be accessible to those with little experience in project finance, while maintaining the insight and detail of previous editions that has made it a valuable reference for the experienced lawyer, manager, banker, contractor, and government official.

This new edition focuses on a real-world, practical approach to project finance, without the overuse of case studies and economic theory. Yet the contract forms, detailed glossary, index, and project finance bibliography ensure its continuing place as the most complete text available.