Abstract

This book presents comprehensive coverage of project finance in Europe and North America. The Second Edition features two new case studies, all new pedagogical supplements including end-of-chapter questions and answers, and insights into the recent market downturn. The author provides a complete description of the ways a project finance deal can be organized - from industrial, legal, and financial standpoints - and the alternatives available for funding it.  After reviewing recent advances in project finance theory, he provides illustrations and case studies. At key points Gatti brings in other project finance experts who share their specialized knowledge on the legal issues and the role of advisors in project finance deals.

• Forword by William Megginson, Professor and Rainbolt Chair in Finance, Price College of Business, The University of Oklahoma
• Comprehensive coverage of theory and practice of project finance as it is practiced today in Europe and North America
• Website contains interactive spreadsheets so that readers can input data and run and compare various scenarios, including up to the minute treatment of the cutting-edge areas of PPPs and the new problems raised by Basel II related to credit risk measurement

"Gatti's book provides comprehensive and coherent coverage of project finance, including  transaction structures, the institutional environment, and  financial analysis.  Its presentation of practical examples and cases makes it a great teaching tool."

--Raymond Hill, Emory University

"Professor Gatti offers the reader an original viewpoint combining rigorous theory with constant reference to market best practices." --Roberto Albisetti, IFC World Bank Group and University of Genoa

"This is a timely book examining an extremely timely topic...¬ Stefano Gatti and his collaborators have written an excellent and comprehensive survey of project finance techniques, processes, and practices, which both practitioners and researchers should value as a key resource." --From the Foreword by William L. Megginson, The University of Oklahoma

"A good read as well as an excellent reference book, Project Finance in Theory and Practice is very valuable as it is successfully pitched to be useful to readers of all levels of education and experience and explains the roles and objectives of the different parties very clearly. The book can be used both for training and as a guide to best practices." --Alexander S. Moczarski, Marsh Inc. "In the last few years, project finance has become a very important part of the international syndicated loans market. Industrial plants, strategic infrastructures, and projects involving public entities are the target sectors where this financial technique can be used with the most fruitful results for all actors involved. Project Finance in Theory and Practice - written by a well-known academic and a group of leading professionals of the project finance market - gives the reader a complete overview about this fascinating field of finance." --Vittorio Ogliengo, Unicredit Banca d'Impresa