Long-term investments: project planning and appraisal

The book is a blend of traditional corporate finance theory and contemporary real-world situations, presented from a practitioner's perspective. This combination is intended to introduce the subject to beginners in a systematic manner, while also serving as a resource for investment professionals.

Beginning with a 'guided-tour' of the world of projects and of the strategic aspects, the book goes on to describe the development of financial models for project finance. It contains the analytical tools for appraising long-term projects while constantly reminding the reader the challenges and uncertainties associated with making long-term projections. Written lucidly, with numerous examples and cases, the book acquaints the reader with the circumstances that analysts face frequently and helps systematic decision making, bringing qualitative aspects to the fore. The book concludes with an overview of risk assessment and mitigation measures while highlighting the role of governments in an era where 'public-private partnership' is an oft-repeated phrase.

Cases presented include the Panama Canal Expansion project, the LaFarge Surma Cement project in Bangladesh and a comparison of the under-sea links in Europe, along with numerous mini cases laying out various project finance situations viz., Olympia and York Developments, the Antonov Mriya, the Delhi Noida flyway etc.