Financial Engineering For Project Finance

The candidate confIrms that the work submitted is his own and that appropriate credit has been given where reference has been made to the work of others. This copy has been supplied on the understanding that it is copyright material and that no quotation from the thesis may be applied without proper acknowledgement. ACKNOWLEDGEMENTS Acknowledgement is made of Paul Cleal of PricewaterhouseCoopers, London who made my exposure to project [mance in practice possible, and to Paul Newman for his unwavering support and assistance. 11 The provision of public services and infrastructure has evolved over the years and currently, the ever-increasing demand for public services and the greater levels of required renewal and repair of infrastructure have created unsustainable strains on limited public sector resources, leading to a resurgence of private sector involvement in such proj ects, to a much larger degree than ever before. The key to the success of such privately financed projects is the structure of the