ABSTRACT
This chapter provides an overview of the role of a financial advisor throughout the development and procurement cycle for a public private partnership (PPP) transaction. The development and execution of project finance transactions requires a range of specialist financing skills. Resourcing requirements on a Project Finance transaction can vary unpredictably throughout the project. Financial advisors offer large and flexible teams with available capacity of skilled staff to ramp-up resource allocation as necessary. A wider range of potential investors will be encouraged by independent assessment of a project, which will increase the competitive process and result in more competitive financing rates and commercial terms. In the early years of the new millennium, the UK Highways Agency had identified a number of potential major capital projects that would deliver significant economic benefit. The work encompassed both financial analysis, including value for money and affordability, and testing the appetite of both contractors and funders for a number of alternative possibilities.
