Public Private Partnerships: BOT techniques and project finance

2. Auflage 2006
ISBN: 978-1-84374-275-3
Verlag: Euromoney

Buch, Englisch, 224 Seiten

This is the second edition of "Project Finance: The Guide to Financing Build Operate Transfer Projects". Fully updated and with the new title of "Public Private Partnerships: BOT Techniques and Project Finance", this essential text has been revised to include:

• Equity bridge financing and Islamic financing techniques
• The current PFI situation
• Additional terms and conditions in PFI transactions
• The effect of changes in UK tax law and regulatory changes
• Project finance cover for export credit agencies

In additon to this, the second edition of this hugely popular book guides you through:

• The development of PPP
• The different issues surrounding the concepts of economic viability and financial viability of BOT projects
• The key to managing tenders both from the public sector side and for prospective tenderers
• The different contractual structures available, identifying the appropriate allocation of benefits and risks associated with a new infrastructure project
• The terms to include in the all-important concession agreement
• The various sources of finance available
• Finance documentation.

"This was a very enjoyable read. It sets out clearly and succinctly the various types of infrastructure projects and gives the reader a clear insight into the different aspects of financing BOT projects and Project Financing which can also be used as a very interesting guide book for novices to this type of financing. It is a clear explanation of the tools that need to be acquired in order to understand such financing and is a great additional text to this growing area of such financing." Richard Drummond, Legal adviser to ECGD.

Autoren/Hrsg.

Denton Wilde Sapte

Fachgebiete

• Rechtswissenschaften Öffentliches Recht Verwaltungsrecht Verwaltungspraxis Public Private Partnership
• Wirtschaftswissenschaften Wirtschaftssektoren & Branchen Öffentlicher Dienst, Öffentlicher Sektor
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Finanzierung, Investition, Leasing
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Unternehmensfinanzierung
• Wirtschaftswissenschaften Betriebswirtschaft Management Projektmanagement

Inhaltsverzeichnis

Chapter 1 – Introduction to infrastructure projects
Public/private partnerships
BOT project structure
Economic and financial viability
Risk allocation
Financing
Build, operate, transfer
The UK Private Finance Initiative
Advantages and disadvantages of the BOT structure

Chapter 2 - Project viability
Economic and financial viability distinguished
Economic viability
Financial viability
Technical feasibility
Political and social viability
Legal and administrative viability
Environmental viability

Chapter 3 - Tenders
Introduction
Choice of tender process
Risk transfer
Invitations to tender
Public procurement law
International procurement

Chapter 4 – Overview of contractual structures
Consortium agreement
Project vehicle
Shareholders agreement
Construction contract
Operation and maintenance agreement
Other key contracts
Risk matrix
"Bankability"
Conclusion

Chapter 5 – Concession agreements
What is a concession?
Statutory framework
Purpose
Terms and conditions
Key issues
Conclusion

Chapter 6 – Sources of finance
Equity
The sponsors and project finance
Mezzanine finance
Bond finance
Project leasing
Development finance institutions
Export credit agencies and political risks insurance
Derivative products in project financing

Chapter 7 – Finance documents
Loans
Bond issues
Project leasing
Security
Direct agreements
Intercreditor agreements
Conclusion