• The post you are reporting:
   
  There has been loads of discussion on other threads about how much net debt would be incurred by DPPT and how that debt would be serviced and funded. I've answered the question on this forum at least twice with a full account and elements of the same question a number of other times.
  
  The answer is the answer and it has been given, just because someone doesn't like the answer or doesn't believe how infrastructure debt funding actually works or how low the rates are for solid cash-flow infrastructure port assets, doesn't change the answer.
  
  Initially more than that would have had to be raised (up to £400m) under the Ports Act process, but due to the way that the purchase process cash flows work, net debt that would have required long term bond funding on completion of the transaction would have been £200m.
  
  Now that we are looking at a different route for purchasing the port because, fortunately, the Ports Act process, which puts DHB in the driving seat, will not immediately be reactivated, the initial and final amount of money that needs to be raised is the same and we can more or less go direct to bond rather than using a 'bridge to bond'.
  
  For those who missed it before - Net debt to purchase the port predicated on actual market value would be between £190m and £230m at the moment. At ticket rates currently indicated by the market this level of debt funding is serviceable within DHB's current pre-tax profit projections with sufficient reserve.
  
  Howard, no DHB buildings or assets will be sold off under the DPPT plans.

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