PERSONAL AND CONFIDENTIAL
7. If we go above the headroom of £900 million, that will be a problem of success. That would increase the likelihood of difficulty with the Treasury.
But we shall
ensure that our Ministers make full play with the argument (which Richard Allen was making effectively here last week) that the airport is not just another project, but the key to wider economic confidence in Hong Kong, yielding enormous benefits to successful bidders, sometimes for decades to come. I am hopeful that if necessary we can use this argument for sui generis consideration to some effect, particularly given the Prime Minister's personal commitment to the project.
8.
We shall keep you posted on developments at this end. Meanwhile many thanks again for your own sterling
efforts and those of your team.
Yo ever.
sélér Riketh
RA Burns
CC:
CCW Adams Esq, PEP, DTI
Mr Rogers, PEP, DTI
Mr Bayne
Mr Miles
Mr Broadbent
Mr Ricketts, HKD
PERSONAL AND CONFIDENTIAL
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