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, a comprehensive glossary, and online spreadsheets that follow its chapters, this new edition presents a new 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 techniquesDescribes and explains:
sources of project financetypical commercial contracts ("e.g., " for construction of the project and sale of its product or services) and their effects on project-finance structuresproject-finance risk assessment from the points of view of lenders, investors, and other project partieshow lenders and investors evaluate the risks and returns on a projectthe role of the public sector in public-private partnerships and other privately-financed infrastructure projectshow all these issues are dealt with in the financing agreements"

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

How do governments establish successful long-term public-private partnerships (PPPs) in emerging PPP markets? How do they ensure that the public partner has the right information, on the right projects, for the right partners, at the right time? This book guides the reader through the life of a PPP and provides a realistic overview of the necessary steps to successfully engage and manage such a partnership from the early stages. It presents a framework that highlights the requirements, options, and challenges that governments are likely to face when embarking into PPPs, and explains how to address them so that a sound PPP program can be implemented and the benefits for both partners-public and private-can fully materialize. This book draws on experiences from both mature and developing PPP markets across the world, and case studies illustrate the key messages throughout. 'How to Engage with the Private Sector in Public-Private Partnerships in Emerging Markets' discusses the policies, processes, and institutions needed to select the right projects and then manage preparation for market and subsequent operation. This book identifies the underlying principles of why and how the various processes are carried out. It illustrates how a wide range of PPPs can be implemented in different sectors and how legal and administrative systems vary. Particularly important in light of the recent financial crisis, this book provides an introduction to the various approaches to finance projects as well as the policy responses that governments have recently adopted. It also looks at the role and proper selection of advisers to support the government in the preparation, bidding, and monitoring of PPPs. This book is especially valuable for public officials who are involved with infrastructure projects and services through partnership with the private sector and for decision makers in institutions who are looking to support PPP programs.