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AIRPORT UNDERSTANDING SIGNING CEREMONY

DRAFT SPEECH BY THE PRIME MINISTER

1. Mr Premier, we have just signed a most important

document. This Memorandum of Understanding now provides a

firm basis for building a modern airport to meet the

expanding needs of Hong Kong. It is the fruit of arduous

negotiations and meets the principal concerns of all

parties. On its initialling and publication, two months

ago, it was widely welcomed in Hong Kong and

internationally. Of course there were some criticisms of this or that aspect. But I hope that we shall soon be able

to show, by the way we put the understanding into practice, that those criticisms were unjustified.

2. The airport at Chek Lap Kok and its supporting infrastructure constitute a massive project. I am delighted that we have with us today the Governor of Hong Kong and

some of the senior members of the Hong Kong Government who

have the overall responsibility for it. Work will now forge

ahead. The first major call for tenders has already issued. All such tenders will be open to international competition.

I know that Hong Kong's overriding concerns, in the

interests of Hong Kong taxpayers, are cost-efficiency and

reliability. I know too that some first-class and

experienced British companies are showing keen interest: I

very much hope that they will meet Hong Kong's criteria and

be able to make a major contribution. I am glad to hear that Chinese enterprises are also closely engaged.

3.

The construction of this new airport is vital for Hong

Kong's future stability and prosperity, and in particular

for the preservation and enhancement of Hong Kong's role as

a centre of regional and international civil aviation.

I also see this understanding as having a still wider

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But,

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