Scientific Publishing PROJECT FINANCE IN THE BUILT ENVIRONMENT: PRINCIPLES AND PRACTICE: 13 (WORLD SCIENTIFIC SERIES ON THE BUILT ENVIRONMENT)

This book offers a comprehensive, lifecycle-oriented examination of how project finance is structured, implemented, and actively managed across complex infrastructure developments. Written for graduate students, practitioners, and policymakers, the book bridges foundational theory and real-world application, tracing the full arc of infrastructure investment from front-end feasibility and financial close through construction execution, long-term operations, and eventual asset recycling or secondary market exit.The book is organized in three parts. Part I establishes the conceptual and structural foundations of project finance, covering the defining characteristics of limited recourse lending, Special Purpose Vehicle architecture, capital structuring, revenue mechanisms, and risk allocation principles. Part II follows the project finance lifecycle in sequence, addressing development phase dynamics, procurement strategy, construction-phase disbursement and cost control, and operations and maintenance management. Part III turns to strategic horizons, examining infrastructure asset management, active value management through refinancing, restructuring and asset recycling, and the convergence of commercial project finance discipline with development finance and sustainable finance imperatives.Throughout, the book integrates multidisciplinary perspectives drawn from law, engineering, ESG frameworks, climate resilience, and digital innovation. A distinctive feature is its treatment of the "Project Finance Triad", i.e., the convergence of commercial logic, development mission, and sustainability imperative, which frames the frontier challenges facing the built environment. Rich in original diagrams, financial flow illustrations, and decision frameworks, this book equips readers to navigate the increasingly complex landscape of global infrastructure finance.