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MDHIAN
COMPLETION OF THE SITE PREPARATION CONTRACT. THE EARLIER POSITION HAD BEEN BASED ON THE VIEWS OF OTHER NATIONAL CREDIT AGENCIES IF THEY WERE PREPARED TO CHANGE, THE AMERICANS WOULD NOT OBJECT.
6.
DUNDAS OBSERVED THAT THIS WAS A CRUCIAL POINT FOR THE PAA: IT HAD NOT BEEN RAISED IN THE MARCH ROUND OF DISCUSSIONS. WERE REPAYMENTS TO START TWO YEARS BEFORE THE AIRPORT OPENING, THE AUTHORITY WOULD RAPIDLY GO INTO DEFAULT.
7.
COMMENTING ON ALLEN'S LETTER, HE SAID THE PAA HAD NO INTENTION OF SUGGESTING THAT ECGD SHOULD BREAK THE CONSENSUS ON THE LOAN REPAYMENT PERIOD. HE UNDERSTOOD, HOWEVER, THAT TERMS FOR MAJOR PROJECTS WERE UNDER DISCUSSION AMONG NATIONAL CREDIT AGENCIES. THE PAA SIMPLY WISHED TO PUT DOWN A MARKER SO THAT, WERE THE CONSENSUS RULES TO CHANGE, THE AIRPORT PROJECT COULD SUBSEQUENTLY BENEFIT FROM REVISED TERMS.
DAY
YYYY
ΜΑΙΝ
79
DISTRIBUTION
87
.HONG KONG AIRPORT GENERAL
HKD
PUSD
ECONOMIC ADVISERS
ERD
FED
JOINT DIRECTORATE
LEGAL ADVISERS//MS BROOKS
.AND MS BARRETT
NEWS D
PLANNERS
RAD
PS
PS/MR GOODLAD
PS/PUS
MR CROWE
SIR J COLES
MR MILES
MR HUM
ADDITIONAL
8
CAOFF//SIR R BRAITHWAITE
HMT//MR MACINTYRE
BANKE//MR C ELSTON
CAOFF//MISS D CORNER
NNNN
CAOFF//MR A CHARLTON
CAOFF//MR SIBSON
DTI//MR ROBBINS
ECGD//MR PENTECOST ECGD
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