TNAG-2415-FCO40-3517-Hong-Kong-Port-and-Airport-Development-Strategy-(PADS)-fina-1993 — Page 11

Once we know exactly what level of support will be required, ECGD will be ready to consider constructively the exact terms, taking account of the points in your letter to Mr Needham and

You the positions adopted by other export credit agencies. should be in no doubt, however, that it would be unrealistic to

This is the expect credit beyond eight and a half years. maximum permitted for such a project in Hong Kong under the OECD

China is eligible for ten years credit but, as you know, it would be contrary to HMG's policy to present Hong Kong

Under the consensus, twelve years is as if it were China.

consensus.

available for power stations alone.

Since your letter to Mr Needham we have, of course, had the opportunity to speak on 2 or 3 occasions and I have also spoken

Some further clarification has on the telephone to Mr Dundas. been sent to London and I stand ready to explain both to-you and if you wish to the Hong Kong Government, ECGD' s position in the wider context of arrangements for Hong Kong.

-

suverely

SP Day

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