This product may not be available anymore.
for similar products.
CAIRO BOOKS's Description
Project 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 performed; what data should
be used; and how financial assessments should be presented.
Current uncertainty in financial markets makes many sponsors of construction
project financings carefully consider bank liquidity, the higher cost of
finance, and general uncertainty for demand. This has resulted in the
postponement of a number of projects in certain industry sectors. Governments
have seen tax receipts drastically reduced which has affected their ability to
finance infrastructure projects, often irrespective of the perceived demand.
Equity providers still seek to invest, however there are less opportunities due
to market dislocation. Due to the demand for global infrastructure it is
believed that project financings will return to their pre-crunch levels, or
more so, however lenders’ liquidity costs will be passed on to the borrowers.
Lenders will also be under stricter regulation both internally and externally.
The steps outlined in the guide are designed to provide a basic understanding
for all those involved or interested in both structuring and assessing project
financings. Secondary contracts involving constructors, operators, finance
providers, suppliers and offtakers can be developed and assessed to determine
their commercial viability over a projects life cycle.
Special Features a structured guide to assessing the commercial viability of
construction projects explains economic metrics to use in the decision making
process detailed case study shows how stakeholders apply the concept of project