GOVERMENT HOUSE HUNG KUNG.
THU 17 Ser 82 11:09
MG.0b
-3-
the
MI
Yeung
Chinese
said that information handed over to
side of the Airport Committee
illustrated in more detail the kind of effect the
new proposals would have on the original financial
packages. This information showed that, in
preparing figures to illustrate the effect of the
new proposals, the cash flows have been adjusted:
Airport
a) by increasing the level of the AA's paid
up equity by $25ba;
b) by requiring payment to Government of air
traffic control charges and meteorological
from the opening of the airport,
charges
rather than being deferred till 2005;
On this basis:
a) the maximum debt of the Airport Authority
would be reduced to $5.9bn from $37bn;
b).. all debt could be repaid by 1999;
c)
be
savings in the total project cost could
possible because of the reduction in interest and financing charges. The order of
savings would be $5.5bn;
a) dividends could be paid to the SARG from
2000 instead of 2005.
for 4