How will the project be financed?

How will the project be financed?

How will the project be financed? 150 150 admin_kilden

The project will only go ahead if it has a profitable financial model. We have already done a lot of work on this area. It will be both natural and necessary for the model to be refined and updated during the planning process, in response to the results of impact assessments and political decisions.

Specifically, EY is currently working on refining a complex financial model that incorporates numerous parameters for the potential profitability of the various functions of the port based on their space requirements and various scenarios for the number of visitors, turnover, etc. It will also take into account factors relating to construction, taxes, financing terms, etc. The model also estimates the wider economic benefits, during both the construction period and subsequent operation.

The idea is to gradually feed figures into the model as the project advances, so it will be a dynamic model capable of simulating countless combinations of design options and parameters. It is vital to all of the involved and affected parties for the project to be financially sustainable. We believe that can be achieved by working with strong partners. We won’t start digging until we have a model showing an acceptable profit margin. Without that it will anyway be impossible to get investors and partners at various levels on board.