Handbook of Project Finance for Water and Wastewater Systems provides an easy-to-read guide for gaining an understanding of the myriad options available for financing water and wastewater projects and how to evaluate which options are most appropriate.
This crucial reference delineates a basic system for comparing the actual costs of various programs. The book describes the seven major factors that can dramatically affect user charges. It then analyzes each funding alternative in terms of these common cost factors. No other book provides such an understandable framework for comparing project costs and their ultimate impact on ratepayer charges.
Handbook of Project Finance for Water and Wastewater Systems is an essential book for utility managers, consultants, engineers, regulators, environmental attorneys, and planners.
Addresses the seven major factors that affect project costs
Easy to read
Presents easily comparable options
Table of Contents
Project Finance: Getting the Best Value for the Ratepayers.
Project Finance and the Non-Financial Manager/Director.
Calculating Cash Available for Debt Service.
Calculating Debt Service Payments.
Evaluating Annual Project Payments.
Discounting and Determination of Discount Rates.
Comparing Apples and Oranges, Upfront Costs Versus Annual Costs.
Evaluating Alternative Funding Programs.
Evaluating Project Costs by the Annual Payment Method.
Evaluating Project Costs by the Total Payment Method.
Factors Which Inflate Project Costs.
Loan and Bond Terms and Maturities.
Finance Charges and Bond Issuance Costs.
Timing: Estimating the Cost of Delays.
Imposed Costs and Hidden Charges.
Eligible Costs and Ineligible Costs.
Debt Service Coverage Ratios.
Funding Alternatives for Water and Wastewater Projects.
Public and Private Funding Programs.
Tax-Exempt and Taxable Municipal Bonds.
Commercial Bank Loans.
The Farmers Home Administration (FmHA) Grant and Loan Program.
The US Environmental Protection Agency's (EPA) State Revolving Fund (SRF) Loan Program.
"I think the Handbook of Project Finance for Water and Wastewater Systems is excellent. [It is] easily the most readable book I have seen on how to select the correct financing option and understand the true cost of water and wastewater projects."