Preface to the First Edition

I started working in the project finance sector in 1993, when I was assistant professor at the Institute of Financial Markets and Financial Intermediation at SDA Bocconi School of Management in Milan. My initial involvement in this field was due to the launch of a new research project investigating the development of project finance techniques in Italy.

At that time, Europe had just started to see the use of this technique in the private sector, particularly for the development and subsequent exploitation of off-shore crude reserves (the Forties Fields, off the coast of Scotland). The Italian project finance market was still in its infancy.

From that point on, the most absorbing field of interest on my research agenda ...

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