The new edition of one of Euromoney's best-selling self-study workbooks.
This complete training programme has depth and breadth unrivalled in other training manuals. The workbook clearly explains both the theory and practice of project financing and, having examined the skills necessary to bring a project to a successful close, teaches you how to apply them. On completion of the course you will immediately be a more useful member of any project financing team.
This new edition includes an entirely new module which examines risk structuring and allocation in key industry sectors: power, transportation/tollways, railways, airports, ports, mining, oil and gas, telecoms, satellites, water/waste water.
The 5 other comprehensive modules detail :
- The principles and types of project finance and their key characteristics and components
- The methods of identifying and managing the risks involved
- Interpreting and using technical feasibility and cash flow analyses
- How best to structure and fund project finances
- Understanding and using the legal and documentation framework to your benefit
If you can't afford the time or expense of a training course, this workbook is your solution. You can learn at your own pace, wherever and whenever suits you. It is an invaluable project finance training tool.
WORKBOOK THREE
Introduction 2
Power 2
Transportation/tollways 4
Railways 5
Airports 6
Ports 7
Mining 8
Oil and gas 9
Telecoms 12
Satellites 13
Water/waste water 14
Answers to test questions 15
WORKBOOK FOUR
Introduction 2
Engineering feasibility 2
Independent reviews 2
Financial feasibility 3
Project cash flows 4
Sensitivities 4
Operations report 6
Operating cash flow report 6
Gross revenue 6
Operating costs 7
Financing costs 7
Financing reports 9
Capital costs 9
Cash flow sensitivities 9
Ratio analysis 13
Interest cover 14
Principal cover 14
Debt service cover ratio 14
Loan life ratio 15
Project life ratio 15
Debt:equity ratio 15
Residual cover 15
Payback 16
Present value 16
Accounting ratios 16
Answers to test questions 17
Appendix: Model AB 18
Key assumptions 18
Base case results 18
WORKBOOK FIVE
Introduction 2
Structuring 2
Construction phase 2
Completion phase 2
Post-completion repayment phase 4
Structure types 5
Funding 6
Equity 7
Subordinated debt 7
Banks 7
Local currency 8
Derivatives 9
Export credit agencies 9
The main ECAs 10
Supplier credits 10
Multilateral agencies 10
Political risk insurance 11
Debt:equity swaps 13
Capital markets 13
Rating 14
Tax-effective structures 15
Recourse 16
Advisers 18
Information memorandum 18
Syndication 19
Agency/trustee 19
New structures/funding 19
Answers to test questions 21
