IDEAS home Printed from https://ideas.repec.org/h/spr/eclchp/978-981-13-2215-0_3.html
   My bibliography  Save this book chapter

Business Theories of Project Finance

In: Natural Resource and PPP Infrastructure Projects and Project Finance

Author

Listed:
  • Takao Higuchi

    (Nagashima Ohno & Tsunematu)

Abstract

With a background understanding of NRI-PPP Projects discussed in Chap. 2 , in this chapter I move on to examine project finance. To understand the business theories of project finance, I go over fundamental understandings regarding project finance and the “pros and cons” of entering into a project finance transaction from the perspectives of the major parties (i.e., the Sponsor, the Senior Lender and the Host Country/Off-taker). My discussion of project finance deepens to address its essence and particular characteristics including a Debt-Equity Ratio, waterfall provisions and cash flow structure. Finally, I end by analyzing important characteristics of the Security Package established by the key financing agreements including security interests and step-in right.

Suggested Citation

  • Takao Higuchi, 2019. "Business Theories of Project Finance," Economics, Law, and Institutions in Asia Pacific, in: Natural Resource and PPP Infrastructure Projects and Project Finance, chapter 0, pages 103-180, Springer.
    • Handle: RePEc:spr:eclchp:978-981-13-2215-0_3
    DOI: 10.1007/978-981-13-2215-0_3
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:eclchp:978-981-13-2215-0_3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.