© 2019

Natural Resource and PPP Infrastructure Projects and Project Finance

Business Theories and Taxonomies


Part of the Economics, Law, and Institutions in Asia Pacific book series (ELIAP)

Table of contents

  1. Front Matter
    Pages i-xi
  2. Takao Higuchi
    Pages 21-101
  3. Takao Higuchi
    Pages 103-180
  4. Back Matter
    Pages 181-183

About this book


This is one of the first books that comprehensively explains fundamental theories of natural resource and infrastructure public private partnership (NRI–PPP) projects and project finance.

NRI–PPP projects and project finance have been adopted in natural resource development, including oilfield development, mine development, and liquefied natural gas production; manufacturing, such as petrochemistry, which uses crude oil; and infrastructure-related projects such as railways, roads, airports, ports, water supply, waste treatment, communications, and electricity.

An important concern during negotiations among the various stakeholders is the lack of congruence between theories underlying NRI–PPP projects and project finance and the particular, real-life business considerations of the subject project and lack of understanding of the key theories. Studies that help us understand NRI–PPP projects and project finance have been developed based on economic theories such as contract theory and the economics of law by several distinguished professors. Until now, however, in financial institutions staff  in departments that specialize in project finance have developed an understanding of the theories underlying NRI–PPP projects and project finance primarily through on-the-job training during which business points of view were passed on.  Principles and theories regarding NRI–PPP projects and project finance have not been taught through textbooks in these firms. In fact, there are only a few books that explain the fundamental theories for actual project structures or actual project finance.  This book attempts to fill that gap by making  clear the fundamental theories that exist behind the actual projects and project finance in relation to natural resources and infrastructure.

Readers of this book will include not only professionals in various private sectors and banks but also those involved in PPP projects in the public sector.


natura resource management infrastructure investment Public Private Partnership (PPP) Private Finance Initiative (PFI) Project Finance Infrastructure Management NRI-PPP

Authors and affiliations

  1. 1.Attorney-at-LawNagashima Ohno & TsunematuTokyoJapan

About the authors

Takao Higuchi is a partner at Nagashima Ohno & Tsunematsu, a Japanese law firm. He has more than 29 years of experience in project finance, corporate finance, and banking, with a particular focus on infrastructure and energy projects and Public–private partnership (PPP) and PFI transactions.

Mr. Higuchi graduated with an LL.B. from The University of Tokyo in 1987 and with an LL.M. from Columbia Law School in 1995. He was admitted to the bar in Japan in 1989. He worked at Milbank, Tweed, Hadley & McCloy LLP in New York (1995–1996) and Linklaters & Paines in London (1996–1997) as a visiting attorney. He also worked exclusively for the Project Finance Department of The Export–Import Bank of Japan in Tokyo (1997–1999). Further, since 2010 he has served as a part-time instructor (hijokin koshi) at the Graduate School of Management, Kyoto University.

Bibliographic information

  • Book Title Natural Resource and PPP Infrastructure Projects and Project Finance
  • Book Subtitle Business Theories and Taxonomies
  • Authors Takao Higuchi
  • Series Title Economics, Law, and Institutions in Asia Pacific
  • Series Abbreviated Title Economics, Law, and Institutions in Asia Pacific
  • DOI
  • Copyright Information Springer Nature Singapore Pte Ltd. 2019
  • Publisher Name Springer, Singapore
  • eBook Packages Energy Energy (R0)
  • Hardcover ISBN 978-981-13-2214-3
  • Softcover ISBN 978-981-13-4748-1
  • eBook ISBN 978-981-13-2215-0
  • Series ISSN 2199-8620
  • Series E-ISSN 2199-8639
  • Edition Number 1
  • Number of Pages XI, 183
  • Number of Illustrations 1 b/w illustrations, 11 illustrations in colour
  • Topics Energy Policy, Economics and Management
    Business Law
    Development Finance
  • Buy this book on publisher's site
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