Provides a detailed review and analysis of the technique of project financing in an international environment (particularly in emerging markets). Emphasis is placed upon structuring and risk allocation issues, which are looked at in the context of specific transactions and from the perspective of the various parties to the project (equity holders, lenders, providers of goods and services). Material is selected from actual transactions so as to illustrate documentation issues when different sources of financing participate in the project. The aspects peculiar to infrastructure projects (such as power, telecommunications, ports, toll roads, etc.) are also considered.