Transport infrastructure
Road and rail transport links to the new airport are obviously required and a fixed crossing to Lantau Island
will be needed to carry such links. The total estimated
cost of all transport infrastructure is HK$27 billion (at 1989 prices), about 50% of which would be funded by the Hong
Kong Government and the rest by the private sector.
5.
Lantau Urban Development
The Hong Kong Government will be responsible for creating the land and providing the infrastructure for residential,
commercial and industrial areas on Lantau at an estimated
cost of HK$15 billion. Like the port, this will be incremental development phased to meet demand.
Overall cost in relation to the Hong Kong Government's
financial position
On the basis of the detailed financial studies conducted
so far, the total expenditure likely to fall to the Hong
Kong Government over the next 15 years is expected to be
about HK$50 billion. The cost of the projects will continue to be refined as studies progress. If the Hong Kong
Government thought that the projects or their costs were becoming unmanageable, they would re-examine them.
The Hong Kong Government's reserves currently stand at over
HK$72 billion. This excludes the SAR Government's Land Fund
which stands at about HK$20 billion and will probably double
between now and 1997. The Hong Kong Government will not, of course, pay for its share of the costs simply by spending
its reserves but will maximise the amount derived from
general revenue and external sources (eg loans) in order to
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