TNAG-2258-FCO40-3254-Hong-Kong-Port-and-Airport-Development-Strategy-(PADS)-Brit-1991 — Page 193

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MDLIAN 4729

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THE MASTER PLAN FOR THE AIRPORT IS NOW EXPECTED TO BE COMPLETED IN OCTOBER. IT WILL ALSO BE THE END OF THE YEAR BEFORE THE PERMANENT AIRPORT AUTHORITY WILL BE IN PLACE AND TAKE OVER FROM THE EXISTING PROVISIONAL AIRPORT AUTHORITY. ONLY THE PERMANENT AUTHORITY WILL BE EMPOWERED TO UNDERTAKE ANY BORROWING.

4. THERE HAS STILL BEEN NO ANNOUNCEMENT ABOUT THE APPOINT OF A CHIEF EXECUTIVE, BUT NUMEROUS GOVERNMENT STATEMENTS SAY THIS IS IMMINENT.

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