E. R. Yescombe – författare

Over the last decade or so, private-sector financing through public-private partnerships (PPPs) has become increasingly popular around the world as a way of procuring and maintaining public-sector infrastructure, in sectors such as transportation (roads, bridges, tunnels, railways, ports, airports), social infrastructure (hospitals, schools, prisons, social housing) public utilities (water supply, waste water treatment, waste disposal), government offices and other accommodation, and other specialised services (communications networks or defence equipment). This book, based on the author''s practical experience on the public- and private-sector sides of the table, reviews the key policy issues which arise for the public sector in considering whether to adopt the PPP procurement route, and the specific application of this policy approach in PPP contracts, comparing international practices in this respect. It offers a systematic and integrated approach to financing PPPs within this public-policy framework, and explains the project-finance techniques used for this purpose. The book deals with both the Concession and PFI models of PPP, and provides a structured introduction for those who are new to the subject, whether in the academic, public-sector, investment, finance or contracting fields, as well as an aide memoire for those developing PPP policies or negotiating PPPs. The author focuses on practical concepts, issues and techniques, and does not assume any prior knowledge of PPP policy issues or financing techniques. The book describes and explains:* The different types of PPPs and how these have developed* Why PPPs are attractive to governments* General policy issues for the public sector in developing a PPP programme* PPP procurement procedures and bid evaluation* The use of project-finance techniques for PPPs* Sources of funding* Typical PPP contracts and sub-contracts, and their relationship with the project''s financial structure * Risk assessment from the points of view of the public sector, investors, lenders and other project parties* Structuring the investment and debt financing* The key issues in negotiating a project-finance debt facility. In addition the book includes an extensive glossary, as well as cross-referencing.- Reviews the PPP policy framework and development from an international perspective- Covers public- and private-sector financial analysis, structuring and investment in PPPs- No prior knowledge of project financing required

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.- A comprehensive and authoritative guide to the theory and practice of project finance- An international scope, covering projects in both the developed and developing worlds- The book describes and explains: Sources of project finance- Typical commercial contracts (such as those for construction of the project and sale of its product or services) and their impact on the project finance structure- Project finance risk assessment from the points of view of lenders, investors, and other project parties- Structuring the project finance debt- The key issues in negotiating a project finance debt facility- Extensive glossary and cross-referencing- No prior knowledge of project finance or financing techniques is assumed

Public-Private Partnerships for Infrastructure - Principles of Policy and Finance, Second Edition explains how public private partnerships are prepared, procured, financed, and managed from both the public- and private-sector perspectives. As the use of public private partnerships continues to develop world-wide, both in the area of public policy and private financing and contracting, the Second Edition of this leading textbook:

Captures and explains the latest approaches, providing a comprehensive all-round guide for those on both the public- and private-sector sides of the table Emphasises a step-by-step approach within a comprehensive, cross-referenced format Includes clear explanations of PPP evaluation, structuring and financing concepts for the benefit of those new to the topic: no prior knowledge is assumed or required Provides detailed reference points for more experienced practitioners Draws from the authors' experience and practice in� PPP markets worldwide�to provide a perspective on practical application of the key underlying principles Includes an extensive�glossary of technical and financial terms used in the PPP sector Includes more technical information and a stronger legal perspective than other books Emphasizes a step-by-step approach within a comprehensive, cross-referenced format Expands and updates the historical backgrounds and political contexts of public-private partnerships

Public-Private Partnerships for Infrastructure - Principles of Policy and Finance, Second Edition explains how public private partnerships are prepared, procured, financed, and managed from both the public- and private-sector perspectives. As the use of public private partnerships continues to develop world-wide, both in the area of public policy and private financing and contracting, the Second Edition of this leading textbook:- Captures and explains the latest approaches, providing a comprehensive all-round guide for those on both the public- and private-sector sides of the table- Emphasises a step-by-step approach within a comprehensive, cross-referenced format- Includes clear explanations of PPP evaluation, structuring and financing concepts for the benefit of those new to the topic: no prior knowledge is assumed or required- Provides detailed reference points for more experienced practitioners- Draws from the authors'' experience and practice in PPP markets worldwide to provide a perspective on practical application of the key underlying principles- Includes an extensive glossary of technical and financial terms used in the PPP sector- Includes more technical information and a stronger legal perspective than other books- Emphasizes a step-by-step approach within a comprehensive, cross-referenced format- Expands and updates the historical backgrounds and political contexts of public-private partnerships

The Second Edition of this best-selling introduction for practitioners uses new material and updates to describe the changing environment for project finance. Integrating recent developments in credit markets with revised insights into making project finance deals, the second edition offers a balanced view of project financing by combining legal, contractual, scheduling, and other subjects. Its emphasis on concepts and techniques makes it critical for those who want to succeed in financing large projects. With extensive cross-references and a comprehensive glossary, the Second Edition presents anew a guide to the principles and practical issues that can commonly cause difficulties in commercial and financial negotiations.

Provides a basic introduction to project finance and its relationship with other financing techniques Describes and explains: sources of project finance; typical commercial contracts (e.g., for construction of the project and sale of its product or services) and their effects on project-finance structures; project-finance risk assessment from the points of view of lenders, investors, and other project parties; how lenders and investors evaluate the risks and returns on a project; the r�le of the public sector in public-private partnerships and other privately-financed infrastructure projects; how all these issues are dealt with in the financing agreements

The Second Edition of this best-selling introduction for practitioners uses new material and updates to describe the changing environment for project finance.  Integrating recent developments in credit markets with revised insights into making project finance deals, the second edition offers a balanced view of project financing by combining legal, contractual, scheduling, and other subjects. Its emphasis on concepts and techniques makes it critical for those who want to succeed in financing large projects.  With extensive cross-references and a comprehensive glossary, the Second Edition presents anew a guide to the principles and practical issues that can commonly cause difficulties in commercial and financial negotiations.- Provides a basic introduction to project finance and its relationship with other financing techniques- Describes and explains: sources of project finance; typical commercial contracts (e.g., for construction of the project and sale of its product or services) and their effects on project-finance structures; project-finance risk assessment from the points of view of lenders, investors, and other project parties; how lenders and investors evaluate the risks and returns on a project; the rôle of the public sector in public-private partnerships and other privately-financed infrastructure projects; how all these issues are dealt with in the financing agreements

Public-Private Partnerships for Infrastructure, Third Edition explains how public-private partnerships are prepared, procured, financed, and managed from both public- and private-sector perspectives. As the use of public-private partnerships continues to develop and evolve worldwide, this leading resource synthesizes the latest approaches. The third edition has been updated throughout to reflect changes due to increased focus on assessing the case for different PPP approaches, evolving approaches to value for money, management of mature PPP contracts and their expiry, managing new and emerging risks such as climate resiliency, new market players, and more.This book emphasizes a step-by-step approach within a comprehensive, cross-referenced format. It includes clear explanations of PPP evaluation, structuring and financing concepts for those new to the topic, and it uses detailed reference points for more experienced practitioners. It draws from the authors’ public and private sector experience and practice in PPP markets worldwide to provide a perspective on practical application of the key underlying principles.This book is an invaluable resource for public sector PPP policymakers, project procuring authorities as well as private sector investors and lenders. Upper-division undergraduates and graduate students studying the delivery and financing of large projects will also find this book an ideal reference for public policy issues and structured finance.Provides more technical information and a stronger legal perspective than other resourcesIncludes an extensive glossary of technical and financial terms used in the PPP sectorNew to this edition: content reflecting increased focus on climate issues; latest approaches to assessing Value for Money, mobilizing different sources of funding; new risks, especially construction inflation and supply; recent developments in public sector support; emerging challenges in contract management and expiry; new emerging PPP models and the latest debates