TNAG-2412-FCO40-3507-Hong-Kong-Port-and-Airport-Development-Strategy-(PADS)-pres-1992 — Page 37

GOVERMENT HOUSE HUNG KUNG.

LOV 1/

34 11:12

M1.09

ILLUSTRATION OF THE

TECTS OF NEW FINANCING PROPOSALS

AIRPORT

AIRPORT RAILWAY

ORIGINAL

NEW

ORIGINAL

NEW

Government Equity Injection

$16.6bn

$41.6bn

$3.7bn

$18.

7bn

caliable Equity

$8.5 bn

Nil

$12.5bn

Nil

Land

Other Provisions :

1

(unchanged)

Land premia

to go to

HKG and SAR Land Fund

Additional land premia invested in MTRC and PAA

Maximum debt

$37bn

$5.9bn

$36bn

$17bn

Repayment of debt by

2005

1999

2010

2006

Begin dividend

2005

2000

2001

1997

payments

AIRPORT AUTHORITY

to pay air traffic

control and

meteorological

charges from :

2005

Day of

Opening

i .....