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HKC 18212
Са
16.
1:5
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FM HONG KONG
TO DESKBY 07093OZ FCO
TELNO 3648
OF 070449Z DECEMBER 90
INFO ROUTINE PEKING
310
172035 MDHIAN 3127
TOP COPY Q DIST?
BRIEFING PAPER ON FINANCIAL ASPECTS OF PADS
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1 PARTLY IN RESPONSE TO REQUESTS BY LEGCO MEMBERS AND PARTLY TO ALLAY PUBLIC CONCERN THAT PADS IS TOO EXPENSIVE, WE HAVE PREPARED A BRIEFING PAPER. THIS FOCUSES ON THE COSTS OF THOSE PROJECTS REQUIRED TO MEET THE PRIMARY AIM OF HAVING THE FIRST RUNWAY OF THE NEW AIRPORT OPEN IN 1997, THE BROAD FINANCING STRATEGY FOR THESE PROJECTS, THEIR CONSIDERABLE REVENUE EARNING POTENTIAL, AS WELL AS THE STRONG FISCAL POSITION ENJOYED BY HKG. WE HAVE ALSO PREPARED A PRESS RELEASE ON THE SUBJECT.
2. BOTH THE BRIEFING PAPER AND THE RELATED PRESS RELEASE WERE ENDORSED BY EXCO ON 4 DECEMBER. THEY WILL BE ISSUED TO LEGCO ON 11 DECEMBER. IN ADDITION, THE PRESS RELEASE WILL BE ISSUED TO THE MEDIA ON THE SAME DAY, AND A PRESS BRIEFING WILL BE GIVEN TO COINCIDE WITH THE RELEASE. COPIES OF THE PRESS RELEASE WILL ALSO BE MADE AVAILABLE TO MEMBERS OF THE DISTRICT BOARDS AND MUNICIPAL
COUNCILS AT THE SAME TIME.
3. IN ANTICIPATION OF THE RELEASE OF THESE PAPERS, PA HANDED OVER A SET OF THE BRIEFING PAPER AND PRESS RELEASE (IN ENGLISH AND CHINESE) TO NCNA YESTERDAY AFTERNOON. COPIES (IN ENGLISH) ARE BEING FAXED TO ALAN PAUL OF HKD. PA ALSO SPOKE ACCORDING TO A SPEAKING NOTE WHICH IS ALSO BEING SENT BY FAX.
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