MEMORANDUM OF UNDERSTANDING CONCERNING THE CONSTRUCTION OF THE
NEW AIRPORT IN HONG KONG AND RELATED QUESTIONS
After friendly discussions in Beijing between representatives of
the Government of the United Kingdom of Great Britain and
Northern Ireland and representatives of the Government of the
People's Republic of China from 27-30 June 1991, the two
Governments, bearing in mind
-
the urgent need for a new airport in Hong Kong in order to
ensure and develop its prosperity and stability,
- the need for the airport project to be cost-effective and not
to impose a financial burden on the Government of the Hong Kong Special Administrative Region of the People's Republic of China
after 30 June 1997, and
- the need for practical and workable arrangements to allow work
connected with the new airport to be carried out speedily and
efficiently,
have reached the following understandings:
A. Between now and 30 June 1997 the Hong Kong government will
complete the Airport Core Programme projects listed in the Annex
to this Memorandum of Understanding to the maximum extent possible. The Hong Kong Government will be responsible for the
construction of projects covered by this Memorandum up to
30 June 1997.
B.
The Chinese Government will support the construction of the
new airport and related projects. It will indicate clearly to interested potential investors in accordance with the principles
enshrined in this Memorandum that obligations related to the airport projects entered into or guaranteed by the Hong Kong
mou.BACKBRIEF.JRB
SLM
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