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FULL TEXT OF MEMORANDUM
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THURSDAY, JULY 4, 1991
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MEMORANDUM OF UNDERSTANDING
CONCERNING THE CONSTRUCTION OF THE NEW AIRPORT
IN HONG KONG AND RELATED QUESTIONS
After friendly discussions in Beijing between representatives of the Government of the United Kingdom of Great Britain and Northern Ireland and representatives of the Government of the People's Republic of China from 27 - 30 June 1991, the two Governments, bearing in mind
the urgent need for a new airport in Hong Kong in order to ensure and develop its prosperity and stability,
the need for the airport project to be cost-effective and not to impose a financial burden on the Government of the Hong Kong Special Administrative Region of the People's Republic of China after 30 June 1997, and
the need for practical and workable arrangements to allow work connected with the new airport to be carried out speedily and efficiently,
have reached the following understandings:
A.
Between now and 30 June 1997 the Hong Kong Government will complete the Airport Core Programme projects listed in the Annex to this Memorandum of Understanding to the maximum extent possible. The Hong Kong Government will be responsible for the construction of projects covered by this Memorandum up to 30 June 1997.
/B.
The