Project financing and the international financial markets

"Since the 1970s, the practice of financing major private and public sector capital-intensive projects has shifted to an ever-greater reliance on private funding sources, as opposed to direct financing through the issuance of corporate or government bonds. Financial market innovations are bringing the once separate fields of project financing and international finance more closely together.

This is the first book to treat both topics as an interrelated whole, for contemporary project financing cannot be fully understood without a good working knowledge of the international financial markets that have developed the various financing techniques and funding sources being used.

The book provides an in-depth description of cross-border project financing as a technique for financing capital-intensive projects as well as an overview of certain financing and derivative instruments currently available in the global financial markets."--BOOK JACKET.