Table of Contents

Public Private Partnerships: BOT Techniques and Project Finance, Second Edition; Chapter 1 - Introduction to infrastructure projects; Public/private partnerships; BOT project structure; Economic and financial viability; Risk allocation; Financing; Build, operate, transfer; The UK Private Finance; Initiative; Advantages and disadvantages of the BOT structure; Chapter 2 - Project viability; Economic and financial viability distinguished. Economic viability; Financial viability; Technical feasibility; Political and social viability; Legal and administrative viability; Environmental viability; Chapter 3 - Tenders; Introduction; Choice of tender process; Risk transfer; Invitations to tender; Public procurement law; International procurement; Chapter 4 - Overview of contractual structures; Consortium agreement; Project vehicle; Shareholders agreement; Construction contract; Operation and maintenance agreement; Other key contracts; Risk matrix; "Bankability"; Conclusion; Chapter 5 - Concession agreements; What is a concession?; Statutory framework; Purpose; Terms and conditions; Key issues; Conclusion; Chapter 6 - Sources of finance; Equity; The sponsors and project finance; Mezzanine finance; Bond finance; Project leasing; Development finance institutions; Export credit agencies and political risks insurance; Derivative products in project financing. Chapter 7 - Finance documents; Loans; Bond issues; Project leasing; Security; Direct agreements; Intercreditor agreements; Conclusion; Closing Observations.

About the Author

Howard Barrie is head of project finance at Denton Wilde Sapte. Having qualified as a solicitor in 1983, he joined one of its constituent firms, Wilde Sapte, in 1991, becoming a partner in its banking and finance department the following year. In 2005, he was appointed chairman of the firm's Africa Committee which is responsible for the development of the firm's Africa practice and the relationship with its Associate law firms in Africa. He is a regular speaker at conferences on project finance and public-private partnerships and has led the project finance section of the Euromoney Summer school on International Financial Law for many years. He also edited the first edition of this work. Howard has advised lenders, sponsors and governments on the development and financing of a number of public-private partnerships and on numerous project financings in the UK and internationally. He holds a LLB degree in law from the University of Exeter.