42.
to
For many years, the driving force behind our development plans has been the Government's determination ensure that adequate housing is available for all. As a further step in this process it is intended that the Housing Authority will, with effect from next month, assume full financial responsibility for the Home Ownership Scheme, the Home Purchase Loan Scheme, Temporary Housing Areas and Cottage Areas (19). The new arrangements will ensure that the Authority is able to plan a comprehensive housing programme in cooperation with the private sector, and with greater flexibility than before. The Government will, of
of course, continue to support the housing programme with finance and land as necessary, retaining its overall policy responsibility.
43.
We have already made a considerable impact on the provision of housing. NOW the emphasis can increasingly be turned elsewhere. If we are to maintain economic progress we must ensure the efficient movement of people and goods within Thus, greater priority must now be given to In this respect, the Government is cooperating closely with the private sector in the planning and construction of several major transport projects such as the Eastern Harbour Crossing and Tate's Cairn Tunnel.
Hong Kong.
transport.
(19)
The new arrangements are subject to Legislative Council approval and their impact has therefore been excluded at
at this stage from the detailed estimate proposals and the Medium Range Forecast.
/44. We
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