Project Financing Theory and Practice

Author: Zhang Zhaobing
Publisher:
Publish Date: 2006-04-01
Features: Based on research data from questionnaires conducted by major banks in the UK and case studies primarily on financing for the UK North Sea oilfield, this book covers the theoretical formation and development process of project financing, risk assessment, financing structure design, funding organization, contract arrangements, legal provisions of the host government, credit requirements of lenders, assessment of the project's borrowing capacity, cash flow planning, measurement of expected return rates, and tax and accounting treatment. The book reflects the current state and development trends of project financing, holding significant academic value. Project financing is a branch of international finance, a new financing method that connects public and private projects. This financing method is primarily used in the development and construction of large-scale engineering projects such as oil and gas fields, hydropower projects, and infrastructure. Since the 1990s, project financing has increasingly become the preferred alternative to traditional financing methods. Based on research data from questionnaires conducted by major banks in the UK and case studies primarily on financing for the UK North Sea oilfield, this book covers the theoretical formation and development process of project financing, risk assessment, financing structure design, funding organization, contract arrangements, legal provisions of the host government, credit requirements of lenders, assessment of the project's borrowing capacity, cash flow planning, measurement of expected return rates, and tax and accounting treatment. It is hoped that the publication of this book will contribute to international financing for large-scale infrastructure in China and the development of central and western regions, as well as to the institutional innovation and healthy development of China's financial industry. Project financing is a branch of international finance, a new financing method that connects public and private projects. This financing method is primarily used in the development and construction of large-scale engineering projects such as oil and gas fields, hydropower projects, and infrastructure. Since the 1990s, project financing has increasingly become the preferred alternative to traditional financing methods. Based on research data from questionnaires conducted by major banks in the UK and case studies primarily on financing for the UK North Sea oilfield, this book covers the theoretical formation and development process of project financing, risk assessment, financing structure design, funding organization, contract arrangements, legal provisions of the host government, credit requirements of lenders, assessment of the project's borrowing capacity, cash flow planning, measurement of expected return rates, and tax and accounting treatment.