Project Finance: The Guide to Financing Build Operate Transfer Projects

A detailed, practical guide to the financing of world-wide infrastructure projects using BOT techniques. Amongst the areas covered are: the UK Private Finance Initiative, project viability, tendering for projects, contractual structures, concessions, project contracts, financing techniques and finance documents.

Contents:

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

2. Project Viability
Economic and financial viability distinguished
Economic viability
Financial viability
Technical feasibility
Political and social viability
Legal and administrative viability
Environmental viability

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

4. Overview of Contractual Structures
Consortium agreement
Project vehicle
Shareholders agreement
Construction contract
Operation and maintenance agreement
Other key contracts
Risk matrix
Bankability
Conclusion

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

6. Sources of Finance
Equity
The sponsors and debt finance
Mezzanine finance
Commercial lending
Bond finance
Project leasing
Development finance institutions
Export credit agencies and political risks insurance
Derivative products in project financing

7. Finance Documents
Loans
Bond issues
Project leasing
Security
Direct agreements
Intercreditor agreements
Conclusion