- 3.
billion,
billion).
Hong
plus
Lantau development and utilities $15
The overall costs are high, but not so high that
Kong cannot afford them.
It should be noted that
expenditure will be spread over a period of about fifteen years, if not longer, depending on demand and will be shared between the public and private sectors. Implementation of the various works will follow more detailed investigations,
feasibility and design studies drawing on
Many of these studies are
engineering
foreign and local expertise.
currently in progress. There will be rigorous control over
public expenditure.
Restraint will be exercised in
for other development projects;
providing resources
expenditure on existing service will be closely scrutinized. It is not possible at this stage to state
precisely what our financing package will be. Over the coming year, we will be refining the detailed options with.
the help of an
overall financial adviser to be appointed
shortly.
which
5. However, we already have a reasonably clear idea of projects will generate enough revenue to have private sector involvement and of the approximate split between public and private sector, based on internal studies plus
the views of merchant bank advisers. Subject to more
detailed studies, the split between public and private
sector is likely to be :