- 4
overseen
It has been
by different Chairmen of
Under CAM, Secretaries for Public Works and Governors. It is a project dear to the Portugese because it would leave tangible evidence of modern development and perhaps help prevent Macau' s absorption into Guangdong. But Portugal is wary of its cost, while eying the contracts keenly.
technical The project may yet run into difficulties and we shall hear more of escalating costs. (There certain, though limited, analogies to be made with Chek
are
Kok).
company
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Overall the chances of the airport being completed have increased and
To date a UK there is perhaps only a 15% chance of failure.
CAM provided designed the airport and another has with financial advice. A UK subsidiary is doing the bulk of the runway work. We stand a good chance of winning other contracts; the fuel depot concession should go to Shell, ground handling may well involve Jardine Airways and there is still an outside chance of winning the project management contract. Above all, it would
if
share in there was not a reasonable UK surprising
consortium for the major terminal and airport equipment
be winning contract.
UK
Plc, exports, British
has
the
Macau Airport has therefore already been a worthwhile project for and invisible generating about £15 million of visible and
£50 million. potential to add up to another success in this Portuguese territory is also reminder of
expertise in this sector as the Chek contracts are put up for tender.
Our
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useful
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Kok