Infrastructure Bond Programme

The Government established the Infrastructure Bond Programme (IBP) in 2024 to enable better management of the cashflow needs of major infrastructure projects and facilitate their early completion for the good of the economy and people’s livelihood.

The sums borrowed under the IBP are credited to the Capital Works Reserve Fund (CWRF) to provide funding for Government infrastructure projects. The IBP covers projects under the Government’s capital works programme of the CWRF (except for those that have been or are expected to be included in the Government Sustainable Bond Programme), including projects under major infrastructure initiatives. HKMA assists the Government in implementing bond issuance under the IBP.

For more information, please visit the Hong Kong Government Bonds website.