Future revenue-generator: Tsing Ma Bridge is one of the infrastructure developments to be securitised.

Future revenue from six toll bridges and tunnels will be securitised early next year, Secretary for Financial Services & the Treasury Frederick Ma said.

This will bring in about $6 billion in capital revenue.

The Government notified the Legislative Council today of its intention to move a motion to pass a resolution on the securitisation.

The resolution will allow the Government to issue notes backed by future revenue from these toll bridges and tunnels to investors.

Capital markets to broaden

Mr Ma said the securitisation will help deepen and broaden our capital markets.

"Ownership of the concerned toll bridges and tunnels will be retained by the Government and we have no plan to amend the toll levels because of the proposal," he said.

"Subject to market conditions, we expect that about $6 billion capital revenue can be generated from this exercise if the proposed resolution is approved by the LegCo," he added.

Financial institutions to be appointed to refine proposal

The toll bridges and tunnels are the Lantau Link (including the Tsing Ma Bridge, the Ma Wan Viaduct and the Kap Shui Mun Bridge); Aberdeen, Cross-Harbour, Lion Rock, Shing Mun, and Tseung Kwan O Tunnels. 

Subject to LegCo approval, the Government will appoint financial institutions to act as arrangers to refine the structure and indicative terms of the securitisation developed by the Government's financial adviser.