CONFIDENTIAL
HKA 182/3
197
020035 MOLIAN 4583
TOP COPY Q DIST?
CONFIDENTIAL
FM HONG KONG
TO PRIORITY FCO
TELNO 2970
OF 310853Z DECEMBER 92
INFO PRIORITY PEKING, UKREP JLG HONG KONG
176
YRTELNO 1776: AIRPORT CORE PROGRAMME: CENTRAL AND WANCHAI RECLAMATION
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1 WE HAVE SECURED AGREEMENT FROM THE LOWEST AND SECOND LOWEST BIDDERS FOR AN EXTENSION OF THE TENDER VALIDITY PERIOD. IN THE FIRST INSTANCE, THE EXTENSION OFFERED IS UP TO 1 FEBRUARY 1993, THEN BY FURTHER PERIODS OF ONE MONTH. THESE EXTENSIONS COME WITH A PRICE TAG.
2. AS WE ARE NOT READY YET TO APPROACH FINANCE COMMITTEE (AS WE COULD NOT BE SURE OF GETTING A PROPOSAL TO FUND THE RECLAMATION APPROVED), WE HAVE ALREADY EXERCISED THE OPTION OF EXTENDING THE CONTRACT VALIDITY TO 1 FEBRUARY 1993.
3. IN THE MEANTIME WE ARE ASSESSING AN OPTION TO SEEK FUNDING OF THE RECLAMATION BUT WITH THE PART DIRECTLY RELATED TO THE AIRPORT RAILWAY DELETED OR LEFT AS A PROVISION ITEM UNDER THE CONTRACT. THIS COULD BUY US SEVERAL MONTHS AS LITTLE ADDITIONAL COST. BUT WE FIRST NEED TO JUSTIFY FULLY STARTING THE NON-RAILWAY WORKS NOW.
4. IN THE MEANTIME, WE HAVE NOT YET TAKEN ACTION WITH THE CHINESE. WE SHALL CONSULT EXCO ON THE STUDY REFERRED TO IN PARAGRAPH 3, AND THEN APPROACH THE CHINESE WHEN WE HAVE DECIDED WHAT ACTION TO TAKE.
PATTEN
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