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prepared to invest in the development of terminal facilities
on the same basis as has been adopted elsewhere in the world -
i.e. the public authorities develop the quay wall and a 100-
foot width of apron and the private developer then completes
the terminal facilities. This roughly divides the development
cost 40:60 between the public authorities and the developer
which is roughly in the same proportions as the cost of
forming, as against developing and equipping of the terminal,
as set out in paragraph 2 above. In so far as the construction
of Stage I is concerned, for example, this would mean that
Government's share of the cost involved would be in the region
of $50 million.
15.
In the light of the keen interest expressed by
several shipping lines in the development of container-
terminal facilities, it is proposed that the two berths at
Kwai Chung involved in Stage I of the scheme as set out in
the Engineering Report should be put out to tender, the
conditions requiring the tenderer to quote a premium that he
would be prepared to pay at the outset in addition to an
annual rental set by Government (each subject to a stated
minimum), for the exclusive use of the berth and back-up
This approach would serve two purposes:-
area.
(a)
(b)
it would test the genuine intentions of the
shipping lines; and
it would provide Government with some of the
required capital to finance the construction
of the quay walls and complete the reclamation.
Information received from the shipping lines suggests that
to service the large, specialised container-ships now coming
into operation it is essential to maintain a very rigid
control of the movement of containers in the marshalling
/yard