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International Project Finance - Law and Practice, 2nd Edition edited by Dewar, John (12th February 2015)

Introduction

John Dewar

From: International Project Finance: Law and Practice (2nd Edition)

Edited By: John Dewar

Whilst many attempts have been made to define project finance, the term has been used in many contexts over the years and its meaning has evolved as the techniques which it embodies have been adapted to macro-economic change. Like describing the ‘elephant in the room’, it is difficult to define, and perhaps not worth the exercise because inevitably you recognize it when you see it. Accepted definitions focus on the financing of a specific asset in which lenders look principally to the revenues generated by the operation of that asset for the source of funds from...
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