USWAZ
لما
5.
exercise
and will
At the same time, the Government will continue to
prudent oversight of the management of Chek Lap Kok
continue to provide directly ન number of key
services such
services,
as
air traffic control, meteorological
customs, immigration, fire services and policing.
The AA will also be required to seek the prior agreement of
Government before increasing
aeronautical charges. Before
approving the level of such charges the Government must be
that the increase would not place it in breach of
satisfied
an international obligation.
The Airport Financial Study
6.
Against
this
background,
the
Government
commissioned Wardley Capital Limited ( Wardley) in August
develop a financial strategy for the funding of the
new airport. During the course of the study, which has just
1990 to
been completed, Wardley
Government and the PAA.
received
inputs both from the
7.
The
Government advised
Wardley Co adopt the
following key assumptions and parameters
(a) the
requirement for Government equity should
be kept to a minimum and borrowings maximized;