TNAG-2413-FCO40-3515-Hong-Kong-Port-and-Airport-Development-Strategy-(PADS)-fina-1992 — Page 58

GOVERMENT HOUSE HONG KONG.

MON 30 MAR 92 10:52

PG.25

24

available

resources

are (which

considerable) proved to be

inadequate to enable the AA to service its debt.

Directions from Government

43.

undertake

shortfall

payments on project initial debt caused by

The Agreement provides

to make good any

that the Government will

in debt service

a)

of

a profit control scheme on the the imposition AA or other limitations on its revenues;

b) any Government

directions

given to the AA under

powers in the AA Ordinance;

c)

imposition of any tax specifically directed at the

AA or the airport; or

d)

any

change

in

project

scope necessitated by any

new policy directed specifically at the AA.

44.

These

practical problem

not

to seek

actions

unlikely

to

cause

апу

undertakings are

for the Government. The Agreement does

prevent

Government

from taking any

of the

listed; it simply creates an obligation to make up