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سرا
30 October 1991
Tel:
071-270-2673
Fax:
071-270-3443
R J Watts Esq
HM Treasury
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ан
72 Furtes Had
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Caliper for commità / clearing pls. (ASAP)
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probably amounts to only a formality: HIT
will say No cd Ministes will have to be
Ý HONG KONG: LANTAN FIXED CROSSING
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inuched.
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Mr Stace
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41
Yes Kplease
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agree. 30/10
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1. Please refer to Nancy Cowie's (ECGD) letter of 28 October in X which she seeks authority to give without commitment indication to Cementation Ltd in respect of their bid for the Lantan Fixed Crossing Contract.
2.
и
We support strongly ECGD's wish to indicate on this
project. We have argued before that HMG have a strong
political commitment to Hong Kong and that care is needed to
avoid undermining confidence in Hong Kong's future. We have invested a great deal of political credibility in securing the airport MOU with the Chinese. That credibility would be lost and confidence seriously undermined if the first company to
an a part approach ECGD for an indication of support on a PADS related
project was rejected. I realise that the issue of ECGD cover
bo
ayport
for PADS is one in which the Prime Minister has sought advice y but I do not think that a decision on Lantaй should be delayed
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Keneal
pending that (advice. I note that, although in excess of the "Amber Zone" review points, the contract can be easily accommodated both within ECGD's Market Exposure Control and
this year's Amber Zone budget. I hope, therefore, that you
is X will agree to an indication being given in their case.
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