The Government published the Infrastructure Bond Framework (“Framework”) in September 2024, setting out how it intends to issue infrastructure bonds (“Infrastructure Bonds”) under the Infrastructure Bond Programme (“IBP”) to fund projects that are conducive to the long-term development of Hong Kong. The proceeds of Infrastructure Bonds will be used exclusively to finance or refinance projects under the Government’s Capital Works Programme of the Capital Works Reserve Fund (“CWRF”) (except for those that have been or are expected to be included in the Government Sustainable Bond Programme (“GSBP”)). There are currently nine “Eligible Categories” of projects under the Framework.
Infrastructure Bond Framework (September 2024 version)
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