E.R. Yescombe
E.R. Yescombe has some 35 years’ experience in various forms of structured finance, including project finance, leasing, export credits, real estate and asset finance. He has been an independent consultant on project finance and PPPs / PFI since 1998. Work has included advice to project sponsors and government entities on power, infrastructure and PPP / PFI projects, as well as training courses in these fields.
He was previously head of project finance for Bank of Tokyo-Mitsubishi in London, and its predecessor Bank of Tokyo (then the largest international Japanese bank). His work included advising on and arranging finance for projects in sectors such as power generation, infrastructure, telecommunications and natural resources, as well as in leasing, aircraft finance and real estate finance. Before working for Bank of Tokyo and its predecessor banks in London, he worked for Grindlays Bank Group in London, India and Singapore. He is a law graduate of Oxford University.
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Publications
Principles of Project Finance (Academic Press, 2002); translated into Japanese (2006), Polish (2007), Russian (2008), Hungarian (2008) and Chinese (2010). The book is intended as both an introduction to project finance and a working handbook for those involved in any aspect of a project, and is recognised both in academic circles and amongst practitioners as a leading work on the subject.
Evaluation of PPP
projects financed by the EIB (European Investment Bank, Luxemburg, 2005)
Public-Private Partnerships: Principles of Policy and Finance (Butterworth-Heinemann, 2007); translated into Polish (2008) and Croat (2010); Russian and Chinese translations in progress
Co-author of How to Engage with the Private Sector in Public-Private Partnerships in Emerging Markets (World Bank / PPIAF, 2011)
“Public-Private Partnerships” in Management Policies in Local Government Finance, 6th edition, to be published 2012 by ICMA (International City/County Management Association)
“Project Finance and PPPs” in The Routledge Companion to Public-Private Partnerships, edited by Piet de Vries (University of Twente) and Étienne B. Yehoue (IMF), to be published 2012
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(* PowerPoint files)
Chairman at Opening Up New Sources of Finance for UK Infrastructure Investment (London 2012)
Value for Money in PPPs at PPP Américas 2011 (Inter-American Development Bank, Guanahuato, Mexico 2011)
Chairman at Renegotiating PPP/PFI Projects to Achieve Better Value for Money—An Update (London 2011)
PPPs & International Experience in Wastewater* at 1st Lagos State Wastewater Investment Forum (Lagos 2011)
Chairman at Renegotiating PPP/PFI Projects to Achieve Better Value for Money (London 2011)
Speaker at Lagos State Public-Private Partnership Office Capacity-building programme for Ministries, Departments and Agencies (Lagos 2010)
Road Procurement in Nigeria: The Role of PPPs* at Nigeria Road Infrastructure: Challenges for Achieving Vision 20:2020 (Engineering Forum of Nigerians, London 2010)
Chairman at Managing PPP/PFI Projects During Challenging Economic Times (London 2010)
PPPs—An Introduction* at Understanding Public-Private Partnerships: A Practical Guide for Market Participants (London 2010)
Speaker at
Nigeria Infrastructure Advisory Facility PPP workshops (Abuja 2009)
Speaker at Ghana National PPP/PFI Workshop: “Financing Ghana’s Infrastructure Needs: A Public-Private Partnership / Private Finance Approach” (Elmina 2008)
Speaker at Strengthening Public-Private Partnership for Infrastructure Investment in Viet Nam (Asian Development Bank Institute Hanoi, 2008)
Refinancing* at Contractual and Legal Issues in PPP/PFI Projects (London 2008)
Panel member at Workshop on PPP-Procurement, Corruption, and Development (Stockholm School of Economics 2008)
Speaker at Infrastructure Finance for Public-Private Partnership Projects (World Bank Institute, Johannesburg, 2008)
Managing PPPs at the National Level / Selection & Prioritization of PPP projects / Project Financing* at Managing and Executing Public-Private Partnerships in Infrastructure: A Knowledge Sharing Forum for Policy Makers in Africa (Kampala 2008)
Value for Money and Refinancing* at Accounting & Auditing in PPP/PFI Projects (London 2008)
Managing Changes in Control and Refinancings at the National Conference of the Canadian Council for Public-Private Partnerships (Toronto 2007)
Understanding the Nature of PPPs at EuroRoads 2007 (London 2007)
Approaches in financing NPDs* at seminars on The Non-Profit Distributing Model—Advice for Practitioners (Glasgow / Edinburgh 2007)
PPPs—Lessons of Experience at Czech PPP Forum 2007 (Prague 2007) + Czech translation
PPPs & Public-Sector Project Management* at 21st International Project Management Association World Congress (Krakow 2007)
PFI – The New NPDO structure* at Projects International 2006 (Paris 2006)
Evaluation of PPP projects financed by the European Investment Bank (2005)
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Basic Financial Concepts in PFI Projects* (2004)
“Ahead of the Gain” – “PFI Intelligence
Bulletin” (2003)
Financial Bear Traps in PFI Contracts (2003)
PFI Funding Competitions, and transcript (2002)
Managing Project Finance Legal Costs*
Carthage Power / Radès II power project, Tunisia
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