Project finance is a fast-growing area of capital investment for major infrastructure and other large projects. Financing such projects as Euro Disney, airports, highways, tunnels, schools, hospitals, and other large projects presents a complex and interesting challenge that the specialty of project finance takes on wholeheartedly, combining financial engineering with legal and contractual expertise to develop various financing options. In this book, Stefano Gatti of Bocconi University describes the theory that underpins this cutting-edge industry, and then provides illustrations and examples from actual practice to illustrate that theory. At key points in the book, Gatti brings in other project finance experts who share their specialized knowledge on the legal issues and the role of advisors in project finance deals. – Forword by William Megginson, Professor and Rainbolt Chair in Finance, Price College of Business, The University of Oklahoma- Comprehensive coverage of theory and practice of project finance as it is practiced today in Europe and North America