A study of the concept and practice of project financing in UK-based banks

The thesis reports the results of an exploratory study designed to examine and clarify the concept and practice of project financing within the UK banking industry and with particular reference to the petroleum and minerals industries. The specific objectives of the research were: (a) to determine exactly what is meant by the term project financing; (b) to identify the motives of both borrowers and banks in using project financing; (c) to examine and assess the practices of banks when evaluating and arranging project financing deals. [Continues.]