The following report is the product of the labours of a number of the partners and assistant solicitors of the Wilde Sapte Project Finance Group, whom I should like to thank for the time and effort which they have devoted to this task. In particular, I should like to thank James Ashe-Taylor of our Brussels office and Giles Frost for the chapter on tenders, Martin Bartlam for the sections relating to bond financing and derivatives, Mary Bonar for the sections on finance leasing and (with Christopher Clement-Davies) the chapter on contractual structures, Christopher Clement-Davies additionally for the chapter on concession agreements, Jane Richardson for the sections on loan and security documentation and direct agreements, as well as Mathew Kidwell, David Nanson and Martin Fleetwood.