CONFIDENTIAL
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4.
The capitalization of the airport corporation had initially been M$0.5bn. This had subsesquently been increased to M$1.5bn. There would be a further increase in
The the near future and yet another increase in 1993. financing was coming from shareholders' capital, Government equity and borrowing arranged by a syndicate which included the Bank of China and Portuguese banks. The precise nature of the syndicate's contribution was still to be determined.
5.
The Governor said that he was encouraged to hear this account. It would be important for Hong Kong to hold early discussions on air traffic control. General Vieira agreed. He suggested that CAD should get in touch with the Macau official responsible for air traffic control, Mr (?)
Jimenez.
The Governor outlined progress on our own airport. He said that he saw the two airports as complementary. General Vieira agreed.
5.
Love (man
(W G Ehrman) Political Adviser
10 January 1992
CC
SES, DCA (for action on para 4) SBTC (Mr Peter Heap)
CONFIDENTIAL
A
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