2. Amendments of substance to the Kowloon-Canton
Railway Corporation Ordinance include the following
-
(a) clause 5 confers on the Corporation the powers to
construct and operate the new light rail system
and to operate bus services within the North-west
Transit Service Area;
(b) clause 6 as read with clause 20 vest in the
Corporation rights in relation to land needed for
the new railway;
(c) clause 8 increases the borrowing limits of the
(d)
(e)
Corporation from $1,500,000,000 to
$3,000,000,000.
The provision that the Financial
Secretary may authorize an increase of this sum
is not affected;
clauses 10 and 12 extend provisions of Part V
relating to the extension of the Kowloon-Canton
Railway to the construction of the new railway;
clause 13 relieves the Corporation from the
obligation it would otherwise have to reimburse
the Government for land acquired for the new
railway;
(£) clause 14 enables the Governor in Council to make
regulations dealing with signs and indicators on