Includes bibliographical references and index.

Introduction -- Project finance -- Financial instruments and cash flow modelling -- Risk management -- The financial assessment process -- Case study -- Developing the base case model -- Initial economic assessment by lenders -- Financial engineering -- Final assessment to determine project commercial viability -- Financial close -- Islamic finance and project finance -- Conclusions and recommendations.

This work provides a structured process for determining the commercial viability of large construction projects - from gas pipelines and bridges to hospitals and schools - procured with project finance (PF). With this guide, readers can develop their own assessment structures as required using the assessment mechanism described.