CONFIDENTIAL
FM HONG KONG
TO IMMEDIATE FCO
TELNO 2779
OF 27102OZ NOVEMBER 92
CONFIDENTIAL HKA 182/3
187
111437
MDHIAN 9668 2
TOP COPY Q DIST?
INFO IMMEDIATE BTC HONG KONG, BRUSSELS, THE HAGUE
185
pa
YRTELNO 1658: NEW HONG KONG AIRPORT: SITE PREPARATION CONTRACT
1. AS FAR AS WE CAN ASCERTAIN, THE CONTRACTOR WILL BE SATISFIED ONCE WE ISSUE A LETTER TO THE PAA STATING THAT FINANCE COMMITTEE HAS APPROVED SUFFICIENT FUNDS TO PERMIT THE PAA TO MEET ALL ITS OBLIGATIONS UNDER THE CONTRACT.
2. THE CONTRACT IS TO BE LET ON A CASH BASIS. THE DUTCH AND BELGIAN TENDERERS APPEAR TO BE SEEKING SOVEREIGN RISK INSURANCE FROM THEIR RESPECTIVE ECAS. WE DO NOT BELIEVE THERE WILL BE ANY CALLS FROM THE ECAS FOR GUARANTEES OR LCS IN THIS CONTEXT. THE CONTRACTOR IS NOT AWARE OF ANY SUCH REQUESTS.
3. THANK YOU FOR YOUR OFFER OF HELP. WE DO NOT CONSIDER ANY ACTION IS WARRANTED AT THE MOMENT. THE DUTCH TRADE MINISTER, WHO WAS HERE THIS WEEK TO SIGN AN IPPA, HAS BEEN BROUGHT UP-TO-DATE AND IS SUPPORTIVE. SHE WILL BE SPEAKING TO HER MOF IN THE HAGUE. WE EXPECT THE BELGIANS TO FALL QUICKLY INTO LINE.
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