Financial Modelling for Project Finance provides a detailed description of how to plan and build a pre-financial close Project Finance cash flow model. Providing sufficient theory to give the context for each modelling topic, it focuses on detailed practical methods. Topics covered include treatment of flexible timing assumptions, inflation, multiple currencies, circular calculations, debt and equity calculations, cover factors and IRRs, optimisation of PFI/PPP bid models and the use of the model to produce alternative base cases and sensitivity cases.

The workbook concludes with a series of exercises which work through the process of building a model from a set of illustrative data. Excel files illustrating topics in the book and supporting the exercises are available via the author. 

First published in 1997, this edition is based on the updated 2010 second edition.