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: January 6, 2009

Project Name: Kwai Chung Container Terminals 1 to 9
Year in Operation: 1994
Sector: Transportation
Subsector: Transportation Terminal, Port
Status: In Operation
Type: New Facility
Description: Private Sector Development of nin (9) different container terminals at Kwai Chung, Kowloon and on Tsing Yi Island between 1970 and 1994. Largest container port in the world in 1994.
Delivery Method as described in the country where it's located: Build Own Operate
Is the project still active: Yes
Comments: Long term concession to private operators of container ports to design, build, operate and maintain on very long term basis at no expense to the government. Long term lease of land by Operator that was reclaimed by the government for the purpose of encouraging commercial traffic in containerized goods through Hong Kong.

Project Locations

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

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

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

Souces of Project Support (Non-monetary)

Checkbox Checked Land: Government reclaimed each of the nine different container port land sites to be reasonably suited for use as container port.
Checkbox Checked Access to Land: Government competitively awarded long term leases (essentially equivalent to ownership) to operate container port on the various sites.
Checkbox Checked Revenue Stream (Cash Flow) Created Through Initial Commitment of Public Sponsor(s): Reclamation costs incurred by the government in expectation of phased expansion of container port facilities in Kowloon.
Checkbox Checked Environmental Clearance

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers: For reclamation of land from harbor.

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt: Design, construction, repair, ongoing O&M all at the Operator's costs as if it were an Owner. Split between debt and equity is not disclosed. Internal competition among the nine (9) sections of the container port keep competitive pressure on price.

Checkbox Checked

From Producers as Equity: Design, construction, repair, ongoing O&M all at the Operator's costs as if it were an Owner. Split between debt and equity is not disclosed. Internal competition among the nine (9) sections of the container port keep competitive pressure on price.

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? No
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
99
0
Forms
Description
 
 

Project Value (If and As Known)

Date of Estimated Project Value: January 1, 1994
Project Value
Hard Cost
Hard & Soft Costs
Total
< $200 Million US
(none)

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