JAN 28 '93 12:12 UKDEL
ECO...
TUE.26 JAN 93 13:24
GOUE TENT HOUSE HONG] KONG.
TUE 26 JAN 93 89105
CONFIDENTIAL
PG.14
PG.69
P.1/1
(E)
(F)
Hong Kong to meet other' demands, will also lessen the impact of the change in the riscal position.
The airport project is a once-in-a-generation event jand the new alsport is meeded to replace the existing Kai Tak sirport which is expected to reach its design by end-1994. 1 It is not desirable or finance this exceptional project' at the
fincal roserves at 31
capacity
ponsible
[expense
barch 1993 · stood
stood at a historically high level of $99
Billion.
should decide
is cmly reasonable that the Government
Co Apply some of
of these accumulated to fand eris construction of the new airport
Ind its related projects, which after all is an
Spaential investment in Hong Kong's
frastructure and future well-being.
economic
the SUPPOSTAĆ ZEPPACoe raising measures, the HK DOUBETUL that they are likely to be
itically Iwasible.
(A)
Issues
AUEROTİ
opertinue to place reliance on the
festive functioNLLING”
the multilateral trading
They russia donoamed about the increasing