This is one of the first books that comprehensively explains fundamental theories of natural
resource and infrastructure public private partnership (NRI¿PPP) projects and project finance.
NRI¿PPP projects and project finance have been adopted in natural resource development
including oilfield development mine development and liquefied natural gas production
manufacturing such as petrochemistry which uses crude oil and infrastructure-related
projects such as railways roads airports ports water supply waste treatment
communications and electricity.An important concern during negotiations among the various
stakeholders is the lack of congruence between theories underlying NRI¿PPP projects and project
finance and the particular real-life business considerations of the subject project and lack
of understanding of the key theories. Studies that help us understand NRI¿PPP projects and
project finance have been developed based on economic theories such as contract theory and the
economics of law by several distinguished professors. Until now however in financial
institutions staff in departments that specialize in project finance have developed an
understanding of the theories underlying NRI¿PPP projects and project finance primarily through
on-the-job training during which business points of view were passed on. Principles and
theories regarding NRI¿PPP projects and project finance have not been taught through textbooks
in these firms. In fact there are only a few books that explain the fundamental theories for
actual project structures or actual project finance. This book attempts to fill that gap by
making clear the fundamental theories that exist behind the actual projects and project finance
in relation to natural resources and infrastructure. Readers of this book will include not only
professionals in various private sectors and banks but also those involved in PPP projects in
the public sector.
