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077 13
MDLIAN 47
EXTRA INJECTION FOR THE AA'S HK DOLLARS 48.2 BILLION PROJECT COST, WHICH IS WHAT THE REPORTED PROPOSAL WOULD AMOUNT TO, WOULD NOT MAKE GOOD SENSE: THE AA WILL BE LESS ABLE TO BORROW THAN THE MTRC GIVEN ITS LACK OF TRACK RECORD AND THE FACT THAT IT WOULD RECEIVE NO REVENUE BEFORE COMPLETION OF THE PROJECT. BUT WE HAVE RECEIVED EARLIER INDICATIONS THAT THE CHINESE WANT THE HONG KONG GOVERNMENT TO PUT AN ADDITIONAL HK DOLLARS 30 BILLION INTO THE PROJECTS, SO THE FIGURE OF HK DOLLARS 29 BILLION SUGGESTS THAT THIS REPORT MAY REPRESENT LATEST CHINESE THINKING.
5. HU HOUCHENG, THE CHINESE AIRPORT EXPERT ATTACHED TO THE JLG, WENT TO PEKING YESTERDAY FOR MEETINGS ON THE AIRPORT.
PATTEN
YYYY
ΜΑΙΝ
30
DISTRIBUTION
34
.HK AIRPORT POLITICAL
HKD
LEGAL ADVISERS//MISS BROOKS
PUSD//HD
ECONOMIC ADVISERS//HD
ERD//HD
FED//HD
NEWS D//HD
PLANNERS//HD
RAD//MR WYE
PS/MR GOODLAD
PS
PS/PUS
SIR J COLES
MR APPLEYARD MR BONE MR HUM
ADDITIONAL
CAB OFF//SIR R BRAITHWAITE
CAB OFF //MS D CORNER
BANKE//MR ELSTON
HMT//MR MCINTYRE
NNNN
2
PAGE
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