Project Finance in Construction: A Structured Guide to Assessment

— —

Tony Merna (University of Manchester) Yang Chu (Graduate of the School of Mechanical, Aerospace and Civil Engineering at the University of Manchester)

Project Finance in Construction

A Structured Guide to Assessment

Tony Merna (University of Manchester), Yang Chu (Graduate of the School of Mechanical, Aerospace and Civil Engineering at the University of Manchester), Faisal F. Al-Thani (Marsh International Risk Council)

$144.95

Paperback

Not in-store but you can order this
How long will it take?

Availability Information

We source books from suppliers in Australia and overseas. For books we don't currently have in stock, the time it takes to get them from our suppliers can vary widely - from a few days to a few months - so we check each book with each supplier to determine the expected time it will take to be supplied to us.

We then advise you accordingly. If the time taken to get any book is too long for you, you can let us know and we will cancel or adjust your order, and refund as required.

To find out the anticipated arrival time for specific items prior to ordering, please contact us by phone or email:

Phone +61 2 9264 3111, or 1800 4 BOOKS (1800 4 26657) if outside Sydney:
option 1 Abbey's Bookshop (Crime, History, Science, Kids & more) • info@abbeys.com.au
option 2 Language Book Centre (ESL & Foreign Languages) • language@abbeys.com.au
option 3 Galaxy Bookshop (Sci-fi, Fantasy, Romance, Graphic Novels) • sf@galaxybooks.com.au

QTY:

English

Wiley-Blackwell
23 July 2010

Finance; Construction industry; Building construction & materials

Project finance has spread worldwide and includes numerous industrial projects from power stations and waste-disposal plants to telecommunication facilities, bridges, tunnels, railway networks, and now also the building of hospitals, education facilities, government accommodation and tourist facilities.

Despite financial assessment of PF projects being fundamental to the lender’s decision, there is little understanding of how the use of finance is perceived by individual stakeholders; why and how a financial assessment is performed; who should be involved; where and when it should be performed; what data should be used; and how financial assessments should be presented.

Current uncertainty in financial markets makes many sponsors of construction project financings carefully consider bank liquidity, the higher cost of finance, and general uncertainty for demand. This has resulted in the postponement of a number of projects in certain industry sectors. Governments have seen tax receipts drastically reduced which has affected their ability to finance infrastructure projects, often irrespective of the perceived demand. Equity providers still seek to invest, however there are less opportunities due to market dislocation. Due to the demand for global infrastructure it is believed that project financings will return to their pre-crunch levels, or more so, however lenders’ liquidity costs will be passed on to the borrowers. Lenders will also be under stricter regulation both internally and externally.

The steps outlined in the guide are designed to provide a basic understanding for all those involved or interested in both structuring and assessing project financings. Secondary contracts involving constructors, operators, finance providers, suppliers and offtakers can be developed and assessed to determine their commercial viability over a projects life cycle.

Special Features

a structured guide to assessing the commercial viability of construction projects explains economic metrics to use in the decision making process detailed case study shows how stakeholders apply the concept of project finance

By: Tony Merna (University of Manchester), Yang Chu (Graduate of the School of Mechanical, Aerospace and Civil Engineering at the University of Manchester), Faisal F. Al-Thani (Marsh International Risk Council)
Imprint: Wiley-Blackwell
Country of Publication: United Kingdom
Dimensions: Height: 245mm, Width: 174mm, Spine: 12mm
Weight: 422g
ISBN: 9781444334777
ISBN 10: 1444334778
Pages: 192
Publication Date: 23 July 2010
Audience: Professional and scholarly , Undergraduate
Format: Paperback
Publisher's Status: Active

Anthony Merna is senior partner of Oriel Group Practice, a multidisciplinary research and consultancy practice based in Manchester and a visiting lecturer to Manchester Business School at the University of Manchester. He has been teaching Project Finance for the last 14 years to a number of UK and overseas universities, businesses and government agencies. Yang Chu is a graduate of the School of Mechanical, Aerospace and Civil Engineering at the University of Manchester and a research consultant with Oriel Group Practice specialising in the areas of project finance and risk modelling. He is currently carrying out risk management research at Manchester Business School. Faisal Al-Thani is Senior Development Manager, Middle East for Maersk Oil based in Doha and a board member of the Marsh International Risk Council.

Reviews for Project Finance in Construction: A Structured Guide to Assessment

Overall, the short book is simple to read and understand. (Construction Management and Economics, 2012) This guide is for project managers, students, and academics involved in structuring and assessing project finance. ( Book News Inc, November 2010)