Consideration of these funding sources will be subjected
to a process of refinement in consultation with the
Steering Group throughout the consultancy period.
6.1.3
Aid or similar programmes
6.2
6.3
6.3.1
Commercially based funding
Consultants will consider what resort could and should be
made to the commercial lending market. It will be
important to strike the optimum balance between Euro-
currency and local finance, to ascertain whether the issue
of Euro-dollar bonds or other capital market instruments
would be appropriate or possible for a project of this
nature, and to form a view as to the impact of floating
market rates on the project cash flow.
Capital markets
The following sources will be considered :-
Bond markets
(1)
Euro-bond Market
(2) Domestic bond market in Hong Kong
6.3.2
Equity markets
Consultants will consider the possibility of introducing
private equity to the project and will advise on the
nature and timing of such an introduction.
i