TNAG-0639-FCO40-787-Construction-of-underground-railway-system-in-Hong-Kong-(Mas-1978 — Page 75

SOURCES OF FINANCE

Equity

Export Credits

Yarket Finance

IOTAL LOANS CUTSTANDING AT END OF EACH YEAR

Opening Valance

Loans repaid during the year

Loans drawn down during the year.

Closing Palance

Tsuen Wan West Extension

;

Sources of Finance and Loans Outstanding

(with $500M equity)

HKSM

Armex C page 4

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

1,923

481

1,442

975

576.

284

173

81

54

27

467

399

292

111

92

12

27

27

27

1,442

975 **

576

284

173

81

25

54

27

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