Chapter 1 Infrastructure Demand and Investment Funds.
An Overview of Infrastructure Demand.
Availability of Funds.
Chapter 2 Infrastructure Asset Characteristics.
Defining Asset Classes.
Portfolio Perspective to Asset Classification.
Large Upfront Investments.
Strong Cash Flows.
Stable Cash Flows.
Value under Default.
Chapter 3 Equity Infrastructure Indexes.
Infrastructure Investment Options.
Equity Infrastructure Indices.
Macquarie Global Infrastructure Index.
S&P Global Infrastructure Index.
CSFB Emerging Markets Infrastructure Index.
Chapter 4 Debt versus Equity Mode of Investment.
Theories of Capital Structure.
Pecking Order Theory.
Free Cash Flow Theory.
Trade-off Theory of Capital Structure.
Governance and Capital Structure.
Private Equity Model of Investing.
Chapter 5 Infrastructure and the Threat of Holdup.
Transaction Cost Economics.
Solutions for the Holdup Problem.
Chapter 6 Infrastructure Assets and Political Risk.
Political Risk Typology.
Types of Risk.
Hedging Sovereign Hold-up.
Risk Mitigation Strategies.
Chapter 7 Project Finance and Infrastructure.
Project Finance Structure.
Project Finance versus Corporate Finance.
Ras Laffan Revisited.
Project Risk Analysis.
Credit Rating Agencies.
Using the Project Finance Structure.
Role of Government.
Chapter 8 Infrastructure Asset Valuation and Bond Returns.
An Overview of Infrastructure Valuation Theory.
Basel II and Infrastructure Lending.
Infrastructure Bond Returns.
Chapter 9 Case Studies.
Case Study 1: Aguas Argentinas S.A.
Case Study 2: Dabhol Power Company.
About the Author.
RAJEEV J. SAWANT is a Research Fellow at the Center for Emerging Market Enterprises at the Fletcher School, Tufts University. Prior to this, heconsulted for JSA Partners (an A.T. Kearney spin-off) in international strategic alliances in aerospace and defense. Sawant is a member of the Academy ofManagement and the Financial Management Association, is an Inlaks Shivdasani Foundation scholar, and has served as Aide de Camp to the President of India. He holds a PhD inbusiness strategy and international management.