TNAG-0639-FCO40-787-Construction-of-underground-railway-system-in-Hong-Kong-(Mas-1978 — Page 74

SOURCES OF FINANCE

Tsuen Wan West Extension

Sources of Finance and Loans Outstanding

(with $500M equity)

HK$M

Annex C Pace 3

Total

1977

1978

1979

1980

1981

1982

1983

1984

1935

1986

1997

1995

Equity

661

23

97

382

173

3

Export Credits

1

220

505

659

392

315

Market Finance

35

746

935

804

124

268

428

338

76 ·

23

97

637 1,424

1,597

1,199

124

268-

743

338

`` 76

TOTAL LOANS CUTS UNDING AT END OF EACH YEAR

Opening balance

255

1,506

3,100

4,287

4,050

3,723

5,672

3,167

2,520

Less

Loans repaid during the year

9

361

595

794

843

723

597

Add

Loans drun-down during the year

255

1,251

1,594

1,196

124

268

743

338

76

Closing Bilance

255

1,506

3,100

4,287

.4,050

3,723

3,672

3,167

2.520

1,923

(1)

Maximum lean cutstanding