UVENTICAT
18
unlikely event
of the combination of adverse circumstances
tested in the 'low case'.
32.
this
The
Outline
equity may
Agreement with
the PAA sets out how
be drawn down.
On each occasion
callable
that the AA seeks to draw down such equity it will need to
report
fully to
the
Government's
satisfaction the
circumstances
which have led to
the events concerned and
satisfy
Government
that ail reasonable measures would be
taken
to reduce
to
а
minimum any
further
call on such
equity. In
addition, the close monitoring of costs and
other progress in the project by senior Government officials
appointed to
AA the
Board
will
ensure all appropriate
on the callable equity.
33.
The Outline
enable the Government to
measures are taken to avoid drawing
Agreement provides
that callable
equity may be drawn in the event of -
a)
Increase in Project Cost
originally estimated
-
an increase in the
project
cost
completion of the airport.
prior to
Project cost
includes
the cost
of construction
and the
AA's management and financing costs;