#zd
CONFIDENTIAL
017266
MDLIAN 525
SEEK ADB LOANS ON A PROJECT BASIS (E.G. FOR THE AIRPORT AND THE AIRPORT RAILWAY). WE WOULD EXPECT THE BORROWER TO BE A BODY SUCH AS THE AIRPORT AUTHORITY (AA) AND THE MASS TRANSIT RAILWAY CORPORATION (MTRC).
6.
WE WOULD BE ASKING THE ADB TO TREAT THE AA AND MTRC AS IF THEY WERE PRIVATE SECTOR BODIES. WE APPRECIATE THAT THIS COULD BE A SENSITIVE ISSUE FOR THE BANK BUT WE BELIEVE THAT WE SHOULD NEVERTHELESS PURSUE THIS APPROACH DUE TO THE IMPORTANCE OF THE ADB LENDINGS FOR THESE PROJECTS. IN ORDER TO SECURE ADB LENDINGS, WE MIGHT NEED A CREATIVE AND IMAGINATIVE APPROACH TO THE PROBLEM. ANY SUGGESTIONS YOU MAY HAVE WILL BE APPRECIATED.
7.
YOUR PARA 7: WE NOTE THAT LENDING FROM AFIC IS A POSSIBILITY. WE BELIEVE THOUGH THAT THIS WOULD BE MUCH LESS
DESIRABLE THAN ADB PARTICIPATION.
WILSON
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MAIN
141
MONETARY
HKD
SIR J COLES
MR BURNS
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DISTRIBUTION
141
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CONFIDENTIAL
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