(c)
Expropriation of the site and new buildings by the
Chinese is a possibility, but HKD consider the risk is
minimal and the recent introduction of a satisfactory
compensation clause in the PTG would protect our
investment.
Sviel
пе
9. Our Ministers hag accepted our proposed course of action to
proceed with the project at a maximum total estimate cost of £29 55
millin while continuing to scrutinise every aspect of the project
for further cost savings. I should be grateful for your agreement
to proceed. The DCFS on the Passport options will be forwarded as
goon as possible (para6(a) above). I would normally have delayed
this letter until these were also available but time is important
as we need to keep to programme for occupation by 1 July 1996. Key
dates are:
Геок
1 May 1993
Take possession of Colvin House site.
e.)
June 1993
Submit FSDs to Hong Kong Authorities for
Building Ordinance approval.
4 JUNE 1993
Site clearance and enabling works including
demolition of Colvin House.
(Tendir?
in direiton
and hoarding profizals approved by Buulsing Ordinance Office at they permit with reedte
Jane 93
- Go to tender for the foundation works.
September 93
PCAS3.784
Start on site on foundation works (only if we
have received Building ordinance approval).
RESTRICTED