CONFIDENTIAL
me stime HED
063533 MDLIAN 7207
TO PRIORITY DTI
OF 040622Z SEPTEMBER 91
CONFIDENTIAL
FM BTC HONG KONG
TELNO OTTER 169
earlier exstinatio?
INFO PRIORITY FCO, PEKING, TOKYO, ECGD
росл
3: how does
there houver
пори
стуйт
wilt
23% Private.
FOR ADAMS, PEP, AND MEADWAY, OT2.
HONG KONG AIRPORT PROJECT.
SUMMARY
1. ALLEN, CHIEF EXECUTIVE OF THE AIRPORT AUTHORITY, PROVIDES A PROGRESS REPORT ON THE PROJECT, WHICH SERVES TO IDENTIFY OPENINGS FOR BRITISH COMPANIES, AND OUTLINES POINTS HE WILL WISH TO MAKE WHEN HE CALLS ON DTI AND FCO MINISTERS IN LONDON LATER THIS
MONTH.
DETAIL
2. I CALLED ON RICHARD ALLEN, CHIEF EXECUTIVE OF THE PROVISIONAL AIRPORT AUTHORITY (PAA) ON 2 SEPTEMBER, TO REVIEW PROGRESS SO FAR AND TO DETERMINE WHAT TOPICS WILL CONCERN HIM WHEN HE CALLS ON MR SAINSBURY ON 20 SEPTEMBER AND LORD CAITHNESS ON 17 SEPTEMBER DURING HIS VISIT TO LONDON. BEFORE THEN ALLEN WILL ALSO HAVE MADE VISITS TO AUSTRALIA AND TO JAPAN. THE PAA'S RESPONSIBILITIES ARE CONFINED TO THE AIRPORT PLATFORM AND ALL THAT IS BUILD ON IT, SO OUR DISCUSSION SCARCELY TOUCHED UPON BRIDGES, ROADS AND OTHER INFRASTRUCTURAL PARTS OF THE PROJECT.
COST
what fiqures
were we
working on before
a
3. ALLEN SAID THEIR LATEST REVISED ESTIMATE FOR THE COST OF THE PLATFORM, THE AIRPORT, AND ITS EQUIPMENT WAS HKD 43.6 BILLION AT 1991 PRICES. HKD 13.8 BILLION WILL BE PROVIDED IN THE FORM OF EQUITY CONTRIBUTION BY THE HONG KONG GOVERNMENT. HKD 3.9 BILLION WILL BE THE COST OF GOVERNMENT FACILITIES SUCH AS AIR TRAFFIC CONTROL, CONTROL TOWER ETC. HKD 10 BILLION WILL COME FROM PRIVATE INVESTMENT IN EG CARGO FACILITIES, CATERING ETC. THE BALANCE, OF HKD 15.9 BILLION, WOULD BE DEBT. THE COST OF THE PLATFORM, TO BE BUILT IN THE FIRST TWO MONTHS, WOULD BE HKD 8 10 BILLION.
THE PLATFORM
4. SOME 10
-
-
12 GROUPS HAD SOUGHT TO PRE-QUALIFY. ABOUT SIX WOULD DO SO. THE DEADLINE FOR THE REVISION OF GROUPS HAD CLOSED ON 30
1
PAGE CONFIDENTIAL
No comments yet.
Private notes are available after approval.