Infrastructure as an asset class: investment strategies, project finance and PPP
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Chichester
Wiley
2010
|
| Edition: | 1. publ. |
| Series: | Wiley finance series
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Item Description: | Literaturangaben ; Hier auch später erschienene, unveränderte Nachdrucke |
| Physical Description: | XXI, 262 S. graph. Darst. |
| ISBN: | 9780470685709 0470685700 |
Staff View
MARC
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| 245 | 1 | 0 | |a Infrastructure as an asset class |b investment strategies, project finance and PPP |c Barbara Weber ; Hans Wilhelm Alfen |
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Record in the Search Index
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| adam_text | Titel: Infrastructure as an asset class
Autor: Weber, Barbara
Jahr: 2010
Contents
Figures ix
Tables xi
Preface xiii
Acknowledgements xv
Introduction xvii
Background and Objectives xvii
Structure xix
Infrastructure - An Overview 1
1.1 Demand for Infrastructure 1
1.2 Definition and Characteristics of Infrastructure 7
1.2.1 Infrastructure sectors 11
1.2.2 Types of infrastructure companies 12
1.2.3 Role of the private sector and PPPs 13
1.2.4 Value added and value chains 14
1.2.5 Greenfield versus brownfield investments 16
1.2.6 Sources of revenue and financing 18
1.2.7 Competition and regulation 19
Infrastructure Investments 21
2.1 Infrastructure as an Asset Class 22
2.1.1 Investors in infrastructure 22
2.1.2 Risk-return profile of infrastructure investments 26
2.1.3 Portfolio diversification through infrastructure 36
2.2 Infrastructure Investment Opportunities 40
2.2.1 Listed infrastructure investments 40
2.2.2 Unlisted infrastructure investments 42
2.2.3 Direct investments/co-investments 54
Contents
Organisational Models of Infrastructure Implementation 55
3.1 Privatisation Models 55
3.1.1 Formal privatisation 57
3.1.2 Functional privatisation 59
3.1.3 Material privatisation 59
3.2 Partnership Models 62
3.2.1 Public Private Partnerships (PPPs) as vertical or vertical/horizontal
partnerships 64
3.2.2 Partial material privatisation as a horizontal partnership 68
3.3 Business Models 69
3.3.1 Budget-financed remuneration 69
3.3.2 User-financed remuneration 70
3.4 (PPP) Contractual Models 70
3.4.1 PPP contract models in social infrastructure 72
3.4.2 PPP contract models for roads and highways 76
3.4.3 Interim summary: various privatisation paths 78
3.5 Financing Models 80
4 Characteristics of Selected Infrastructure Sectors and Sub-Sectors 81
4.1 Transport 82
4.1.1 Cross-sector characteristics 82
4.1.2 Road transport 87
4.1.3 Rail transport 95
4.1.4 Airtransport 102
4.1.5 Water transport 111
4.2 Water Supply and Sewage Disposal 119
4.2.1 Characteristics and organisation 119
4.2.2 Sources of revenue and value added 125
4.2.3 Competition and regulation 127
4.2.4 Privatisation, private sector involvement and PPP 128
4.3 Waste Disposal 130
4.3.1 Characteristics and organisation 130
4.3.2 Sources of revenue and value added 135
4.3.3 Competition and regulation 138
4.3.4 Privatisation, private sector involvement and PPP 139
Project Finance 141
5.1 Project Finance - History and Basics 141
5.2 PPP and Project Finance 143
5.3 Basic Structure of Project Finance 145
5.3.1 Characteristics 146
5.3.2 Project participants and other stakeholders 148
5.3.3 Objectives and contributions of project participants 154
5.3.4 Typical contractual framework for project finance 156
Contents
5.4 Structuring Project Finance - Traditional and in PPPs 158
5.4.1 Phase I - Advisory 161
5.4.2 Phase II - Project analysis 162
5.4.3 Phase III - Risk analysis and allocation 165
5.4.4 Phase IV - Financing 184
5.4.5 Phase V - Implementation and monitoring 194
Financing Instruments 197
6.1 Equity 197
6.2 Mezzanine Capital 202
6.3 Debt 202
6.3.1 Bank loans 203
6.3.2 Bonds 206
6.3.3 Short-term finance 207
6.4 Government Support Schemes 207
6.4.1 National development banks 208
6.4.2 European Investment Bank 211
6.4.3 European PPP Expertise Centre (EPEC) 213
6.4.4 European Commission 214
6.4.5 Governmental export credit and direct investment insurance - ECAs 214
6.5 Asset-Backed Securities 215
6.6 Sale and Leaseback 217
6.7 Derivatives 217
6.7.1 Futures 218
6.7.2 Options 219
7 Cash Flow Calculations and Sensitivity Analyses 221
7.1 Items Requiring Inclusion in Cash Flow Analysis 221
7.1.1 Cash flow modelling 224
7.2 Present Value and Discount Rates 225
7.3 Analysis of Financial Covenants 226
7.4 Sensitivity Analysis 229
References 233
Further Reading 241
Index 243
|
| any_adam_object | 1 |
| author | Weber, Barbara Alfen, Hans Wilhelm |
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| building | Verbundindex |
| bvnumber | BV036463080 |
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| dewey-full | 363.60681 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 363 - Other social problems and services |
| dewey-raw | 363.60681 |
| dewey-search | 363.60681 |
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| dewey-tens | 360 - Social problems and services; associations |
| discipline | Soziologie Wirtschaftswissenschaften |
| edition | 1. publ. |
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| id | DE-604.BV036463080 |
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| indexdate | 2024-07-09T22:39:59Z |
| institution | BVB |
| isbn | 9780470685709 0470685700 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-020334929 |
| oclc_num | 699761956 |
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| owner_facet | DE-355 DE-BY-UBR |
| physical | XXI, 262 S. graph. Darst. |
| publishDate | 2010 |
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| publisher | Wiley |
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| series2 | Wiley finance series |
| spelling | Weber, Barbara Verfasser aut Infrastructure as an asset class investment strategies, project finance and PPP Barbara Weber ; Hans Wilhelm Alfen 1. publ. Chichester Wiley 2010 XXI, 262 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Wiley finance series Literaturangaben ; Hier auch später erschienene, unveränderte Nachdrucke Public Private Partnership (DE-588)4337462-1 gnd rswk-swf Portfolio Selection (DE-588)4046834-3 gnd rswk-swf Infrastrukturinvestition (DE-588)4127451-9 gnd rswk-swf Finanzinstrument (DE-588)4461672-7 gnd rswk-swf Portfolio Selection Infrastrukturinvestition Public Private Partnership Finanzinstrument Finanzinstrument (DE-588)4461672-7 s Infrastrukturinvestition (DE-588)4127451-9 s Portfolio Selection (DE-588)4046834-3 s Public Private Partnership (DE-588)4337462-1 s 1\p DE-604 Alfen, Hans Wilhelm Verfasser (DE-588)130690953 aut HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=020334929&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Weber, Barbara Alfen, Hans Wilhelm Infrastructure as an asset class investment strategies, project finance and PPP Public Private Partnership (DE-588)4337462-1 gnd Portfolio Selection (DE-588)4046834-3 gnd Infrastrukturinvestition (DE-588)4127451-9 gnd Finanzinstrument (DE-588)4461672-7 gnd |
| subject_GND | (DE-588)4337462-1 (DE-588)4046834-3 (DE-588)4127451-9 (DE-588)4461672-7 |
| title | Infrastructure as an asset class investment strategies, project finance and PPP |
| title_auth | Infrastructure as an asset class investment strategies, project finance and PPP |
| title_exact_search | Infrastructure as an asset class investment strategies, project finance and PPP |
| title_full | Infrastructure as an asset class investment strategies, project finance and PPP Barbara Weber ; Hans Wilhelm Alfen |
| title_fullStr | Infrastructure as an asset class investment strategies, project finance and PPP Barbara Weber ; Hans Wilhelm Alfen |
| title_full_unstemmed | Infrastructure as an asset class investment strategies, project finance and PPP Barbara Weber ; Hans Wilhelm Alfen |
| title_short | Infrastructure as an asset class |
| title_sort | infrastructure as an asset class investment strategies project finance and ppp |
| title_sub | investment strategies, project finance and PPP |
| topic | Public Private Partnership (DE-588)4337462-1 gnd Portfolio Selection (DE-588)4046834-3 gnd Infrastrukturinvestition (DE-588)4127451-9 gnd Finanzinstrument (DE-588)4461672-7 gnd |
| topic_facet | Public Private Partnership Portfolio Selection Infrastrukturinvestition Finanzinstrument |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=020334929&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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