Principles of Project Finance

by E.R. Yescombe

This introduction for practitioners offers a balanced view of project financing, integrating legal, contractual, scheduling, and other areas that participate in large multiparty projects, large single-asset purchases, and broad-based financing programs for fleets of assets. It mixes theories and case studies but avoids becoming too oriented toward applications in any one particular industry. It focuses on the concepts and techniques required by project finance people without being overly academic or beset by case studies. The author, who has a legal background, recognizes that some legal information is necessary, but he doesn't attempt to write a law book. Project Finance refers to the techniques of financing projects which are dependent on cash flows for repayment, as defined by the contractual relationships within each project. By their very nature, these types of projects rely on a large number of integrated contractual arrangements for successful completion and operation. Project finance is an element within the larger field of project management. Many organizations around the world utilize project management to enable innovative processes, to plan, organize, and control strategic initiatives, to monitor enterprise performance, to analyze significant deviations, and to forecast their impact on the organization and project(s). Project management can be found in many industries today, from construction and information systems to healthcare, financial services, education, and training.

Genres: Finance, Business, Nonfiction

368 pages, Hardcover

First published January 1, 2002

About the author

E.R. Yescombe is a consultant on public-private partnerships and project finance, with many years’ experience in various forms of structured finance, including project finance, leasing, export credits, property and asset finance. He has advised government entities on PPP policy issues and contract standardisation, as well as both public- and private-sector clients on the financial aspects of PPP and other project finance-funded contracts, as well as providing public and private training seminars in these fields.

His books "Principles of Project Finance" (2nd edition 2014, 1st edition 2002), and "Public-Private Partnerships: Principles of Policy and Finance" (2007), translated inter alia into Chinese, Japanese and Russian, are recognised as leading works on these subjects. He was previously head of project finance in Europe for Bank of Tokyo-Mitsubishi, one of the world's largest project-finance lenders.

Reviews

[Bookreadingnarcissist · Rating 2 out of 5]

Pretty awful read. Yescombe constantly repeats himself and writes in a really convoluted manner. Would not recommend.

[Andrew Moore · Rating 3 out of 5]

Not a page turner by any means, but pretty fun as far as textbooks go.

[Casual Ecocentrism · Rating 3 out of 5]

A doozy but useful. Many bizarre editing errors, a whole paragraph is repeated at one point, but these also serve as fun easter eggs to wake you out of the inevitable slumber that you will face reading this book.

[Odmaa]

nice bbook