M (90) 34
(a)
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469
1t would be cheaper in the long-term,
although there might be a cash flow
problem in the short-term;
(b) construction work would
(0)
uate;
commence at an
сле project would be entirely under
Government's control which was important
for ensuring early completion and for
boosting confidence in other PADS
related projects especially in the eyes
international investors and the local
of
community;
{ }
I18K Of adverse publicity arising
from the private sector submitting
unacceptably high tenders on the basis
of numerous uncertainties would be
removed; and
(e)
De certain that the bridge
would be built before 1997 and would not
therefore
Chinese.
be a legitimate concern of the
CONFIDENTIAL