Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBFOM All Private Finance
# of Projects: 1
100% of the Results

Background informationProject Created: October 8, 2008

Project Name: Hong Kong Western Harbour Crossing
Year in Operation: 1997
Sector: Transportation
Subsector: Tunnel
Status: In Operation
Type: New Facility
Description: Third harbour crossing (tolled) in Hong Kong, carrying 6 lanes (3 in each direction) of traffic from Hong Kong Island to Kowloon. This crossing is part of the Airport Core Programme connecting Hong Kong to the new airport at Chek Lap Kok. Delivered through a 30 year BOT franchise to Western Harbour Tunnel Company, which operates the tunnel.
Delivery Method as described in the country where it's located: Build Operate Transfer
Is the project still active: Yes
Comments: Immersed tube tunnel construction technique for design and construction. First duall three lane immersed tube tunnel in the world, formed from 12 pre-cast units 115 meters long, 33 meters wide, and 8.5 meters high. Franchise awarded in 1993 after competitive tender, but resulting in only one proposal, which was accepted.

Project Locations

Address:
City: Hong Kong
State:
Country: Hong Kong, Special Administrative Region of China

Address:
City: Kowloon
State:
Country: Hong Kong, Special Administrative Region of China

Address:
City: Sheung Wan
State:
Country: Hong Kong, Special Administrative Region of China

Souces of Project Support (Non-monetary)

Checkbox Checked Land: Government provided land cross harbor and on reclaimed land at either end of the tunnel.
Checkbox Checked Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s): Government authorized successful bidder to set and collect tolls.

Souces of Project Support (Monetary)

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt: Details not known.

Checkbox Checked

From Producers as Equity: Details not known.

Project Delivery & Finance Method

Project Delivery:
All Public Finance. Public Sponsor contracts for initial design, and separately contracts for initial construction. Public Owner operates and maintains the resulting facility.
Is there an independent checking engineer? Yes
Project Finance Method: All By Private Sponsor

Procurement Approach

Project Component
Qualifications
Based Selection
Request for
Qualifications
Request for
Proposals
Invitation
for Bids
Unsolicited
Proposals

Term for Key Components & Forms of Contract

Project Component
Years
Quarters
Combined Term: Initial Design, Construction, O&M Period
30
0
Forms
Description
 
 

Project Value (If and As Known)

Date of Estimated Project Value: August 1, 1993
Project Value
Hard Cost
Hard & Soft Costs
Total
$500 Million - 2 Billion US
$500 Million - 2 Billion US

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