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VALUE FOR MONEY
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23
Reference
AB 18271
always be held lo standard Hen everyone else (cl Bout People)
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Mr Stone
You will no doubt have seen the recent press reports on the Government's proposal to go ahead with a £2.8 billion (HK$36 bn) improvement to the M25. This figure is not unadjacent to the cost of Hong Kong's new airport.
1.
It would be interesting to know what economic appraisals and studies on the return of the capital employed, the Treasury have done. I think we should be told.
2.
me
M Stone
Hong Kong Department
WH 304
270 2651
6 September 1991
CC: Mr Broadbent, Economic Advisers
CODE 18-77
RODAIC
TG
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