RESTRICTED COMMERCIAL IN CONFIDENCE
159
062616
MDHIAN 3699
HKA 182/3
RESTRICTED
COMMERCIAL IN CONFIDENCE
FM BTC HONG KONG
TO IMMEDIATE INTRA
TELNO INTRA 201
OF 290955Z JULY 92
AND TO IMMEDIATE FCO, ECGD
TOP COPY Q DIST?
FOR HEAD OF PEP
AIRPORT PLATFORM CONTRACT.
1. ACCORDING TO BALFOUR BEATTY'S FINANCIAL ADVISERS (CHARTERED- WEST) WHO HAVE SPENT THE DAY IN NEGOTIATION WITH THE PAA, THE AIRPORT AUTHORITY ARE EXPECTED TO ISSUE 'WRAP-UP LETTERS' TO THE BALFOUR BEATTY AND THE NISHIMATSU/COSTAIN GROUPS (MY INTRA 198) IN THE COURSE OF THIS EVENING. BOTH WILL HAVE TO SIGN THEIR ACCEPTANCE OF THE CONTRACTUAL TERMS IN THE COURSE OF TOMORROW, 30/7. THE PAA WILL THEN SUBMIT BOTH PROPOSALS TO THEIR BOARD, WITH A RECOMMENDATION, FOR A DECISION ON FRIDAY MORNING
152
2. GEMMELL, THE FINANCIAL ADVISER, GAVE HIS IMPRESSION OF THE RECENT FLURRY OF HIGH LEVEL CORRESPONDENCE AND CONCLUDED THAT THE PAA WERE WORKING FOR A HKG GUARANTEE BUT NEEDED TO CONDUCT PRELIMINARY SKIRMISHES WITH ECGD, EXIM BANK AND OTHERS IN ORDER TO PREPARE THE GROUND LOCALLY.
3. WE LOOK FORWARD TO PASSING ON YOUR LETTER OF COMFORT LATER TODAY OR EARLY TOMORROW MORNING.
DAY
YYYY
ΜΑΙΝ
30
DISTRIBUTION
37
.HONG KONG AIRPORT RESTRICTED
HKD
LEGAL ADVISERS//MISS BROOKS PUSD//HD
PAGE
PLANNERS//HD
RAD//MR WYE
PS
PS/MR GOODLAD
1
RESTRICTED COMMERCIAL IN CONFIDENCE