Project Finance in Theory and Practice

Stefano Gatti is the Antin Infrastructure Partners Chair Professor of Infrastructure Finance and Professor of Practice in Finance. He is the Director of the Full Time MBA and former Director of the International Teachers' Programme at SDA Bocconi School of Management. His main area of research is corporate finance and investment banking. He has published in these areas including publications in the Journal of Money, credit and banking, Financial Management, the Journal of Applied Corporate Finance and the European Journal of Operational Research. Professor Gatti has published a variety of texts on banking and finance areas and has acted as a consultant to several financial and non-financial institutions and for the Italian Ministry of the Economy, the Financial Stability Board, The InterAmerican Development Bank, the Asian Development Bank and the OECD/Group of G20. He is financial advisor of the Pension Fund of Health care professions, member of the compliance risk committee of Deutsche Bank and member of the Board of Directors and board of auditors of Italian industrial and financial corporations.

Chapter 1 Introduction to the Theory and Practice of Project Finance Chapter 2 The Market for Project Finance: Applications and the Sectors Chapter 3 Project Characteristics, Risk Analysis and Risk Management Chapter 4 The Role of Advisors in a Project Finance Deal (Stefano Gatti, Massimo Novo, Fabio Landriscina and Mark Pollard) Chapter 5 Valuing the Project and Project Cash Flow Analysis (Stefano Gatti) Chapter 6 Financing the Deal (Stefano Gatti) Chapter 7 Legal Aspects of Project Finance (Massimo Novo) Chapter 8 Credit Risk in Project Finance Transactions and New Basel Capital Accord (Stefano Gatti)

Case Studies Case Study 1 Cogeneration Case Study 2 Italy Water System (Stefano Gatti, Daniele Corbino, Alessandro Steffanoni) Appendix to Case Study 2: Structure and Functioning of the Simulation Model Case Study 3: Hong Kong Disneyland Project Loan Glossary and Abbreviations