LEADER 05571nam 2200709Ia 450 001 9910791369303321 005 20230725015502.0 010 $a1-282-64331-2 010 $a9786612643316 010 $a1-4443-2384-9 035 $a(CKB)2560000000012009 035 $a(EBL)543014 035 $a(OCoLC)645098774 035 $a(SSID)ssj0000426264 035 $a(PQKBManifestationID)11303731 035 $a(PQKBTitleCode)TC0000426264 035 $a(PQKBWorkID)10373307 035 $a(PQKB)10984297 035 $a(MiAaPQ)EBC543014 035 $a(Au-PeEL)EBL543014 035 $a(CaPaEBR)ebr10395576 035 $a(CaONFJC)MIL264331 035 $a(EXLCZ)992560000000012009 100 $a20100324d2010 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aProject finance in construction$b[electronic resource] $ea structured guide to assessment /$fAnthony Merna, Yang Chu, Faisal Al-Thani 205 $a1st ed. 210 $aAmes, Iowa $cBlackwell$d2010 215 $a1 online resource (194 p.) 300 $aDescription based upon print version of record. 311 $a1-4443-3477-8 320 $aIncludes bibliographical references and index. 327 $aProject Finance inConstruction; Contents; List of illustrations; List of tables; About the Authors; Preface; 1 Introduction; 1.1 The development of project finance; 1.2 Financial assessment; What is financial assessment?; Why perform a financial assessment?; Who is involved in the risk assessment process?; Where should a financial assessment be performed?; When should a financial assessment be performed?; What data are to be used?; How should assessment outputs be presented?; 1.3 Purpose of this guide; 1.4 Scope of the guide; 2 Project finance; 2.1 Introduction 327 $a2.2 Definition of project finance2.3 The key characteristics of project finance; Special project/purpose vehicle; Contractual arrangement; Non-/limited recourse; Off-balance sheet transaction; Robust income stream of the project as the basis for financing; 2.4 Legal and financial considerations in project finance; Legal; Financial; 3 Financial instruments and cash flow modelling; 3.1 Introduction; 3.2 Debt finance; Senior debt; 3.3 Mezzanine finance; Subordinate debt; Bond finance; 3.4 Equity finance; 3.5 Sources of debt and equity; 3.6 Cash flow modelling and project financing 327 $a4 Risk management4.1 Introduction; 4.2 Risk; 4.3 Risk management process; Risk identification; Risk analysis; Risk response; 4.4 Typical risks in project financing; 5 The financial assessment process; 5.1 Introduction; 5.2 The financial assessment structure; SPV assessment; Lenders' assessment; SPV and lender final assessment; 6 Case study; 6.1 Introduction; 6.2 Independent power project; 6.3 Supply and offtake contracts; Supply contracts; Offtake contracts; Applications of supply and offtake contracts; 6.4 Assumptions for initial assessment; 7 Developing the base case model; 7.1 Introduction 327 $a7.2 SPV's initial assessment7.3 Identify the estimated activities, time, costs and revenues of the project; 7.4 Development of the base case model; 7.5 Identify major project risks; 7.6 Assessment of base case model incorporating risks; 8 Initial economic assessment by lenders; 8.1 Introduction; 8.2 Financial package assessment; Finance package (1); Finance package (2); Finance package (3); 8.3 Conclusions; 9 Financial engineering; 9.1 Introduction; 9.2 Financial instruments used in financial engineering; Forward rates; Financial futures; Swaps; Options 327 $aCaps, floors, collars, swaptions and compound optionsAsset-backed securities; 9.3 Refinancing; 9.4 Reappraising public-private partnerships; 9.5 Techniques applied in the reappraisal of PPP concession agreement; 9.6 Other financial engineering techniques; 10 Final assessment to determine project commercial viability; 10.1 Introduction; 10.2 Detailed risk assessment; 10.3 Financial engineering; Tax holiday; Financial collar; Extending the concession; Increasing debt; Grace period; Phasing construction and operation; Upfront payments; Existing concession revenues; 10.4 Summary 327 $a11 Financial close 330 $aProject finance has spread worldwide and includes numerous industrial projects from power stations and waste-disposal plants to telecommunication facilities, bridges, tunnels, railway networks, and now also the building of hospitals, education facilities, government accommodation and tourist facilities. Despite financial assessment of PF projects being fundamental to the lender's decision, there is little understanding of how the use of finance is perceived by individual stakeholders; why and how a financial assessment is performed; who should be involved; where and when it should be perform 606 $aInfrastructure (Economics)$xFinance 606 $aIndustrial development projects 606 $aRisk management 606 $aPublic-private sector cooperation 615 0$aInfrastructure (Economics)$xFinance. 615 0$aIndustrial development projects. 615 0$aRisk management. 615 0$aPublic-private sector cooperation. 676 $a624.068/1 700 $aMerna$b Anthony$01546496 701 $aZhu$b Yang$01546497 701 $aAl-Thani$b Faisal F$0847141 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910791369303321 996 $aProject finance in construction$93802136 997 $aUNINA