XM (90) 26
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240
7
for
the
provision
of the necessary technical
equipment were not yet known.
2.
In reply to
the Governor said that
whilst there was no formal necessity to obtain
Chinese approval for the new Hong Kong airport, it
was obviously desirable to persuade them to
favourably in order to encourage
comment
investment in the project. But HKG would not
delay the commencement of construction pending a
response from the Chinese. The Chief Secretary
said that the construction of airports in Zhuhai,
Shenzhen and Macau were of a much smaller scale
and they would not rival the new airport in Hong
Kong nor affect HKG's long-term planning of the
facility.
3. In response to
borrowing
and
there
comment that heavy
would be required to finance the airport
were
that the repayment schedule would extend
beyond 1997, the Financial Secretary said that
many other forward financial
commitments for the SARG, but that in this case,
the burden would not necessarily fall on the SARG
possibly, on the Airport Authority.
but
The
Financial Secretary said that the intention was
that the project itself would finance repayments;
Redacted under FOI exemptions 27(1), 40(2) and 41.
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