(2) Model II
By calculation, mode II loan repayment period is 45.66 years. But before the operation period of 3 years for an injection of $ 252,690,000 capital to repay the loan interest, as gradually improved profitability, interest coverage ratio gradually more than 1, indicating that the project has the operational capability to protect the interest payment period. Except for the first three years of operations debt coverage ratio of less than 1, the other life Debt Service rate greater than or equal to 1, indicating that the project can repay loan principal and interest on schedule. Project calculation period the highest debt ratio was 93.1%, with repayment of the loan gradually reduced to zero.
The results show that an integrated development model two-phase solvency