TNAG-0639-FCO40-787-Construction-of-underground-railway-system-in-Hong-Kong-(Mas-1978 — Page 79

SOURCES OF FINANCE

Equity

Export Credits

Market Finance

ROTAL LOANS OUTSTANDING AT END OF EACH YEAR

Tsuen Wan West Extensions

Sources of Finance and Loans Outstanding

(without $500M equity)

HKSM

Annex D Page 4

1989

1990

1991

1992. 1993

1994

1995

1996

1997

1993

1999

2000

Opening Balance

Less

Loana repaid during the year

2,974

724

2,250

1,522

886

426

208

81

54

728

636

460.

218

127

27

27

2223

27

27

Loans druen down during the year

1

1

t

Closing frlasse

2.250

1,522

885

426

209*

81

54

27