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Author: Wilde Sapte
Publisher: Amer Educational Systems
ISBN: 9781855645264
Category : Infrastructure (Economics)
Languages : en
Pages : 139
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Book Description
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.
Author: Wilde Sapte
Publisher: Amer Educational Systems
ISBN: 9781855645264
Category : Infrastructure (Economics)
Languages : en
Pages : 139
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Book Description
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.
Author: Sidney M. Levy
Publisher: John Wiley & Sons
ISBN: 9780471119920
Category : Technology & Engineering
Languages : en
Pages : 428
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Book Description
One thing that mature, developing, or undeveloped nations have incommon in today's global economy is the necessity to construct,repair, refurbish, and modernize their infrastructure. More andmore governments are turning to the Build-Operate-Transfer (BOT)process to accomplish this expensive and enormously challengingtask--allowing private developers to design, finance, construct,and operate revenue-producing public projects, and then turn themover to the community at the end of an agreed payback period. The first book to explore this innovative approach toprivatization, Build, Operate, Transfer covers the creation of BOTprojects from the ground up. Using a real-world, case-orientedapproach, it provides a comprehensive examination of theengineering, construction, and financial skills required to bringBOT ventures from the planning stage to design, construction, andoperation. From the Channel Tunnel to the Dulles Greenway, the bookexamines both successful projects and troubled ones, extracting keyinformation on what sets them apart--including such crucial factorsas the importance of public support and government control inensuring a positive outcome. You will also find specific coverageof construction techniques and procedures, plus financialcomparisons, demographics, and other statistical data. Whether you are a student or a professional working in engineering,construction, finance, or government, BOT cannot be ignored as aneffective way to build infrastructure projects quickly,efficiently, and at minimal cost. This book equips you with boththe comprehensive information and the practical guidance you needto put this dynamic practice into action. The only book available on the BOT approach to private constructionand maintenance of public projects--complete coverage from theground up Contractors the world over are discovering how to useprivate-public partnerships to build much-needed infrastructureprojects quickly, efficiently, and at minimal cost. This bookthoroughly explores the combination of engineering, construction,and financial skills required to bring these Build-Operate-Transfer(BOT) ventures from the planning stage to design, construction, andoperation. Based on a real-world, case-driven approach, Build,Operate, Transfer examines specific BOT projects, identifying keyfactors necessary to their successful implementation, and offeringimportant guidance on avoiding common pitfalls. This practical bookfeatures: A full introduction to BOT systems, with diagrams ofconstruction techniques and procedures, complete sample contract,and more * Charts and graphs with financial analyses, demographicinformation, and important statistical data * BOT examples from many different countries, including the UnitedStates, Britain, Japan, the Philippines, Thailand, Indonesia, andMexico * A broad spectrum of project types--from tunnel construction tohighways and more * Important guidance on keeping projects on time and on budget
Author:
Publisher: Euromoney Publications
ISBN: 9781843742753
Category : Budget deficits
Languages : en
Pages : 224
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Book Description
Introduction - Denton Wilde Sapte's Project Finance: The Guide to Financing Build Operate Transfer Projects is the successful practical guide to the financing of worldwide infrastructure projects using build-operate-transfer techniques is now in its second edition! Fully updated and with the new title of Public Private Partnerships: BOT Techniques and Project Finance, this essential text has been revised to include: Equity bridge financing and Islamic financing techniques; The current PFI situation; Additional terms and conditions in PFI transactions; The effect of changes in UK tax law and regulatory changes; and Project finance cover for export credit agencies. development of PPP; The different issues surrounding the concepts of economic viability and financial viability of BOT projects; The key to managing tenders both from the public sector side and for prospective tenderers; The different contractual structures available, identifying the appropriate allocation of benefits and risks associated with a new infrastructure project; The terms to include in the all-important concession agreement; The various sources of finance available; and, Finance documentation. Recent years have seen a dramatic increase worldwide in the involvement of the private sector in the development and funding of public facilities and services, and techniques are continuously being developed to draw the public and private sectors together with a view to sharing the risks and rewards associated with such activities. partnerships (PPPs) and range from the simple contracting out of services to the involvement of the private sector in the financing, design, construction, operation, maintenance and, in some cases, ownership of major infrastructure facilities. This book is concerned with the latter, commonly referred to as BOT projects. Although BOT is often used to describe the specific build-operate-transfer technique of infrastructure development (under which the private sector finances, constructs, operates and maintains the facilities for a given period, with the public sector acquiring operational control at the end of that period), the expression is given its wider meaning in this book and is used to refer to all types of infrastructure projects which involve private sector investment and funding. There are many factors contributing to the PPP trend. funds available for the development of large-scale and capital intensive infrastructure projects, while at the same time increasingly perceiving the need for infrastructure facilities to promote economic growth in the shortest possible timescale. BOT structures also allow the public sector to transfer onto the private sector many of the risks associated with the implementation of these projects. For private sector investors and financiers, BOT projects have opened up a whole new area of opportunities for new business and relatively high returns. The sharing of risks with other parties to the project and with the public sector entity concerned enhances the appeal of BOT. One aspect of many BOT projects which is attractive to investors and financiers is that they incorporate sovereign credit risk, and this renders them more suitable for financing in the bond markets. For a BOT project to succeed, it must be sufficiently attractive to both the public and private sectors. If the risks are felt to be too great, or to outweigh the potential benefits and returns, the project will not proceed. flexible in terms of the types of project in which they will participate and will now consider financing a project the revenue stream of which is market-based, rather than assured under a long-term contract with a creditworthy purchaser. Over recent years, much has been learned by both the public and the private sectors as to the types and extent of project risk which the other will bear and this knowledge is being used to accelerate the implementation of BOT projects in general. Additionally, repayment periods have lengthened considerably for BOT projects in developed markets, in turn making them more attractive for project developers. The development of secondary markets for debt and equity in these markets has increased liquidity and enabled lenders to recirculate their investments. The spread of guarantees of project bonds being given by monoline insurers with strong credit rating has attracted new sources of funding. Many countries with developed economies have made substantial use of BOT techniques. in 1992, BOT projects with a value of GBP 48.3 billion had been signed by March 2006, of which about one half represented transport projects. In the emerging markets, however, the implementation of BOT projects has progressed more slowly than expected. This has largely been as a result of the perceived political risks associated with such projects and the difficulties and delays which have been experienced in relation to many of them. As governments of emerging markets countries become more accustomed to the requirements of foreign investors and financiers recognise that the BOT approach is increasingly the way in which the international markets expect infrastructure to be developed and operated, the implementation of BOT projects will become easier and quicker, thereby encouraging further projects. This work covers the basis of BOT techniques and their potential advantages and disadvantages for the participants in these projects. projects of this type and also covers in some detail project viability and public/private sector risk allocation issues, procurement procedures, concession agreements and the sources of financing available for these projects. In a book of this type, it is possible only to give a general overview of BOT structures and the issues involved. It should be borne in mind that every project is unique and the statements contained in this publication will not be equally applicable to all BOT projects. There is no substitute for taking appropriate advice on each individual project.
Author: Canada. Department of Foreign Affairs and International Trade. Latin America & Caribbean Trade Division
Publisher: Department of Foreign Affairs and International Trade, Latin America & Caribbean Trade Division
ISBN: 9780662231769
Category :
Languages : en
Pages : 52
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Book Description
Author:
Publisher: UN
ISBN:
Category : Business & Economics
Languages : en
Pages : 324
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Book Description
Provides both a general overview of the conceptual, legal and financial issues associated with BOT projects and practical guidance for project development, negotiation and implementation.
Author: Jeffrey Delmon
Publisher: World Bank Publications
ISBN: 9780821377864
Category : Political Science
Languages : en
Pages : 0
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Book Description
This book provides a practical guide to public-private participation (PPP), how governments can enable and encourage PPP, step by step analysis of the development of PPP projects, how PPP financing works, what PPP contractual structures look like and most importantly how PPP risk allocation works in practice, including specific discussion of each infrastructure sector. It will be of interest to policy makers and strategists.
Author: Jeffrey Delmon
Publisher:
ISBN: 9789041123657
Category : Construction industry
Languages : en
Pages : 0
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Book Description
Project and other structured finance models have become a method of choice for financing infrastructure projects in many different sectors across the globe. They allow greater flexibility for governments and project sponsors wishing to develop infrastructure without the concomitant burden on their balance sheets and their ability to fund other needs and priorities. However, the fall of Enron, WorldCom and so many other organisations who pushed the structured finance model one step too far has raised alarm bells. Has project and structured finance seen the end of its useful life? Are the risks surrounding such projects so extreme as to bring into question their usefulness? The viability of structured infrastructure projects relies on a comprehensive, yet sensible assessment of risk and allocation of that risk in an efficient manner. Yet our understanding of efficient risk allocation often runs contrary to the actual risk allocation models that we apply to such projects. Risk analysis for complex projects requires a level of sophistication and objectivity of which few individuals are capable. Jeff Delmon's book addresses the many issues around risk and structured infrastructure projects. It is not a dry legal treatise, but an eminently readable and practical explanation of efficient risk allocation and the contractual framework which forms the bedrock of BOT and other project finance transactions. Based on Jeff's practical experience in the sector, this book provides practical guidance and insight into many of the pitfalls often encountered in such projects. This book is ideal for those relatively new to the issues surrounding project finance and risk as well as those with significant experience as an aide-memoire and a challenge to the approaches to risk allocation that are so often applied to such transactions.
Author: Kin Yau Muk
Publisher:
ISBN:
Category : Construction industry
Languages : en
Pages : 122
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Book Description
Author: Tony Merna
Publisher: Thomas Telford
ISBN: 9780727730404
Category : Business & Economics
Languages : en
Pages : 306
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Book Description
- Project finance as a tool for financing infrastructure projects - Public finance for infrastructure projects - Financial instruments - Financial engineering - Restructuring projects - Financial markets - The concession or build-own-operate-transfer (BOOT) procurement strategy - The private finance initiative - Challenges and opportunities for infrastructure development in developing countries - Financial institutions - Privatisation as a method of financing infrastructure projects - Typical risks in the procurement of infrastructure projects - Mechanism for risk management and its application to risks in private finance initiative projects - Insurance and bonding - Case study of a toll bridge project - Case study on managing project financial risks utilising financial engineering techniques
Author: Isr Wipadapisut
Publisher:
ISBN:
Category : Infrastructure (Economics)
Languages : en
Pages : 418
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Book Description
