Points to make
*
Both the AR and the Airport will be heavily supported by commercial lending. This is also private participation. (See breakdown at bottom of page).
Roads, tunnels and bridges can be privatised on a toll basis. However, it would not be acceptable to the public to have many tolls charged along the route to the airport.
We have exhausted all possible sources of private funding for the ACP : further private capital investment would not be forthcoming without a high level of Government financial support, either in terms of forgoing premium, or in terms of guarantees, equity or loans.
Breakdown of Public/Private Participation in the ACP
(Money of the Day - incl.
incl. financing costs)
Public HK$ BN
Private HK$ BN
Airport
Private
Government equity
lending
37.0
16.6
Franchises
15.4
16.6
52.4
Airport Rail
Government equity
Private
3.7
lending
36.0
Western Harbour Crossing
Project
cost
6.5
6.5
Government ACP capital works
Project cost
60.1
60.1
TOTAL PUBLIC
80.4
TOTAL PRIVATE
PERCENTAGE PUBLIC 46%
PERCENTAGE PRIVATE
Private sector participation: p.2 of 2
94.9
54%