The Kowloon-Canton Railway Corp (KCRC) is waiting for the right time to tap capital markets for HK$10.9 billion for the West Rail project.
KCRC chairman Yeung Kai-yin and senior finance director Samuel Lai Man-hay have made trips to Europe and the United States to lay the groundwork for the fund-raising, West Rail director Ian Thoms said.
The officials had contacted investment banks to create an awareness of plans to raise the capital, Mr Thoms said.
'The borrowings can happen any time and it also depends on how we see the opportunities,' he said.
With its strong credit ratings, the corporation does not expect to have any problem raising the necessary capital.
KCRC, which is investing HK$11.8 billion in the West Rail, would only need borrowings for the project next year, Mr Thoms said.