The Western Harbour Tunnel Company finalised a US$448M loan last month to repay further loans used to build Hong Kong’s US$1bn Western Harbour Tunnel.

The loan, which was agreed with a syndicate of banks, will be made in two tranches, one of 7.5 years and the other 8.5 years.

The lead coordinating arrangers are ICBC (Asia), Bank of China (Hong Kong), CITIC Ka Wah Bank and HSBC.