CONFIDENTIAL

ROUTE 3 (PART)

5.1

5.6

5.6

LANTAU FIXED

10.3

11.2

12.1

CROSSING

TUNG CHUNG

3.1

3.4

2.6

DEVELOPMENT

PHASE I

UTILITIES

2.0

2.2

1.5

AIRPORT RAILWAY

14.5

15.8

12.5

CENTRAL AND

3.1

3.4

1.8

WANCHAI

RECLAMATION

TOTAL

97.0

105.7

98.6.

076214

MDHAN 5704

3. THE CONCLUSION THAT CAN BE DRAWN FROM ALL THIS IS THAT THE ACP AS NOW DEFINED SHOULD COST LESS THAN WHAT WE TOLD THE CHINESE, AFTER ALLOWING FOR INFLATION.

4. GALSWORTHY WILL TAKE THE OPPORTUNITY, IN THE COURSE OF HIS NORMAL CONTACTS WITH GUO, TO PUT THIS POINT ACROSS. SUBJECT TO PEKING'S VIEWS, WE SEE NO NEED FOR THEM TO TAKE THE INITIATIVE IN BRIEFING AT THEIR END, BUT THEY CAN OF COURSE USE THE ABOVE IF THE CHINESE RAISE THE ISSUE WITH THEM.

WILSON

YYYY

ΜΑΙΝ

60

.HONG KONG AGREEMENT

.(RESTRICTED)

LIMITED

HKD

HD/FED

DISTRIBUTION

64

PUSD RAD

PS/LORD CAITHNESS PS/MR LENNOX-BOYD

SIR J COLES

PAGE

2

CONFIDENTIAL

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