TNAG-1175-FCO40-1477-Proposed-replacement-airport-for-Hong-Kong-at-Deep-Bay-or-Ch-1982 — Page 132

Progress Meeting 3 (end Month 4)

7.

Cost data will have become firmer and consultants will require

review thereof. (Task 2)

8.

Key areas of assumptions to be used in sensitivity analysis must

be checked with Government and range of assumptions agreed as

acceptable. Government views on internal rate of return

forecasts (as determined from existing cash flow figures) must

be taken. (Task 4)

9.

Key elements in capital cost breakdown must be reviewed and any

policy consideration received as to sourcing of supply (and

therefore possibly finance). (Task 5)

INTERIM REVIEW MEETING (end Month 5)

10.

Results of discussions with funding sources must be reviewed and

any significant trend identified to Government. (Task 6)

11.

Initial range of potential finance models will be available and

any policy considerations in respect of Government funding which

may narrow that range must be identified.

(Task 7)

12.

In the light of consultant's findings with regard to appropriate

funding sources, a further view of Government on currency

questions will be sought. (Task 8)

13. Following consultant's findings in relation to appropriate

funding sources the further view of Government will be sought on

operating structure before final conclusions are reached. (Task 9)

Progress Meeting 4 (end Month 6)

14.

Impact of assumptions on overall cash flow must be reviewed on

interim basis. (Tack 4)

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