TNAG-1518-FCO40-2079-Hong-Kong-International-Airport-1986 — Page 32

REPORT OF THE WORKING GROUP ON

USER CHARGES POLICY AT HONG KONG INTERNATIONAL AIRPORT

1.

Background

Page

1

2.

Terms of Reference and Membership of the Working Group

1

3.

Evaluation of HMG Advice

2

4.

Consideration of Alternative Medium Term Charging Policy Options

-

.1

Determination of a Reasonable Future Rate of

3

Return

2

The Implications of the Brought Forward Accumulated Unapplied Cash Balance

7

.3 The Impact of Appropriating the Accumulated

Un applied Cash Balance and Applying a Future Target Rate of Return of 16.5% on ANFA Employed

5.

Recommendations

Appendix 1

HMG Advice

Appendix 2

-

Implications of Adoption of Working Group Recommendations

10

11