04-JUL-1931
HKGU LUNDUN
071 490 1964
P.06
24-67-1991 19:50 COVT INFORMATION SERUICER
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Senior Legco member Allen Lee commented that it was important that wo agreement had been reached ask Omelco member Rita Fan said that the agreement was "reasonable” in view of the fact that the project straddied 1997 obliging the future SAR Government to shoulder responsibilities.
The local stock market has reacted favourably to the agreement, rising more than 50 points.
AmCham president Warren Williams said HK did need a new airport and that he would welcome any breakthrough in the afsport controversy "with open arms“.
NCNA UK vice-director Zhang Junzheng described the agreement as "a very significant document" that would enhance relationship between the two countries.
Distribution
Divia Duty Officer)
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AU
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Duty Office:
P71 3/8/1
(5)
PRD
Data: 27.31 Time: 18.50
TOTAL P.01