TNAG-2264-FCO40-3261-Hong-Kong-Port-and-Airport-Development-Strategy-(PADS)-gener-1991 — Page 10

SUMMARY OF NEEDED GOVERNMENT SUPPORT TO GO FORWARD

COMMITMENT

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$13.8 billion maximum equity contribution

<

-

PROMPT RESPONSE

ON KEY POLICIES

Defer dividend to match cash flow

- Support for scope of activities

and land use envisioned for real

estate development

Confirm PTC assumption

Confirm separate funding for

government facilities

Reconfirm TRM leve!

AIRPORT PROJECT

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Robust enterprise in

expected environment

-

Viable in least

attractive environment