TNAG-2140-FCO40-3059-Hong-Kong-Port-and-Airport-Development-Strategy-(PADS)-1990 — Page 28

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BENEFICIAL TO ESTABLISH AN EARLY CLOSE LIAISON WITH MAUNSELL PARTICULARLY SINCE MAUNSELL'S EXPERTISE AND INPUT WILL CONCENTRATE HEAVILY ON THE LEVELLING OF CHEK LAP KOK AND THE SEA RECLAMATION AROUND IT WHICH IS OF PARTICULAR INTEREST TO COSTAINS.

5. ON A FURTHER CONSULTANCY, KLEINWORT BENSON TELL ME THAT THEY HAVE BEEN AWARDED THAT FOR FINANCIAL ADVISER FOR THE AIRPORT RAIL LINK AND THE LANTAU FIXED CROSSING. ALTHOUGH NO CONTRACT HAS YET BEEN SIGNED AND NO ANNOUNCEMENT HAS BEEN MADE, THEY HAVE ALREADY BEGUN WORK. THE CONTRACT IS WITH KLEINWORT BENSON LTD LONDON ALTHOUGH OF COURSE IT WILL BE HANDLED BY THE LOCAL BRANCH WITH EXTRA BACKING FROM THE UK. THE CLIENT IS THE DEPARTMENT OF TRANSPORT. IT IS A FLAT FEE CONTRACT. I HAVE BEEN TOLD IN STRICT CONFIDENCE BY THE HEAD OF KLEINWORT BENSON HERE THAT ITS VALUE IS SOMETHING OVER HKD10 MILLION. THE CONTRACT IN THE FIRST INSTANCE IS FOR 6 OR 7 MONTHS BUT IS LIKELY TO BE RENEWED FOR A FURTHER TWO YEARS OR SO.

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PS/MR MAUDE

MR MCLAREN

MR BURNS

MR CARRICK

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