For the financial security of the project, private partners need to maintain a minimum required equity ratio.
∙During the construction period, project companies need to maintain a minimum required equity ratio of at least 20% for
a BTO project, or 5% or more for a BTL project.
∙When the investment ratio of financial investors is above 50% of the total equity, the minimum required equity ratio
during construction can be lowered from 20% to 15%.