TNAG-2410-FCO40-3504-Hong-Kong-Port-and-Airport-Development-Strategy-(PADS)-Brit-1992 — Page 76

HKA 182/3

tts

Mr Whitney

Mr Ricketts

Airport

1.

Fine Howks.

ра

Our silmission was not, I Hink, misleeding?

Pse take

a

fix

't' wilt NABCO. It will

I have checked whether HKG always intended to fund the airport platform contract. He work knowing.

Qr

28710.

2. The draft financial agreement between HKG and the PAA/AA sets out how the Authority would fund construction of the airport ($16.6 billion equity; $37 billion borrowing), but does not specify whether HKG equity injection should be spent on particular elements of the project. However, I believe it was the intention that at least the initial costs of the platform contract would be funded from equity, with the AA commencing borrowing in 1993/94, by which time it would have established a track record.

+ 13. +1

HKG has mentioned in telegrams that the fuel pipeline is the next major decision. I am not sure what is special about this contract and it may be worth my checking with HKG. According to the original programme of work, the next really major decision will be the Western Harbour Crossing in April 1993, although there may be some room for this to slip as completion is projected at end 1996.

4. One other point for us to bear in mind: the PAA will be paying for the airport platform contract and I therefore presume that at some point it will have to be given title to the land.

175

а

N Whitney

Hong Kong Department

WH 304 270 2651

28 October 1992

Mr Furney

166

ric.min.ADM

SLM

You had best monks it char in the letter that we are asking for this informatio so the tive upon what decellines we

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ajamit. If ther one

the deadlines, pls could they

Fell

ahut them

a 29/100

Pleans would

(R. Hui)

drop

ужи сетер

you

line to MAPCO / asking then:

mopco/asking

will

1. How much will the pipeline ¿cost

2. What is the cartuctes period is there

any

My de

for the contruct to ship of it had be

3. Is it correct that this would he a frunching -

of 10, would it he possible to pureed in

410,

a nan-

franchine hain (ie the to find.

tu

4. When does MAPCO enninge

award of the cartret for the WHC taking place, and in these roun

for slippage.