Р
1990 · 16-85 18:0 6.1.0
2. 02. 144
Lawas Fixed Crossing
eat Questions and Answers
O
Why build the LFC 18 a Government
project?
step in the
The Lantau Fixed creasing is a kay first PADS program. Wanted to clarify Government's commitment and letazmination to proceed.
Less expensive than BOT
Government cost of funds cheaper
Faster, less complicated than 30T
given tight time schedule, Government undertaking
moze sensible
·construct
time required to negotiate and finance
construct contract will be considerably shorter than a BOT
Preserves planning clexibility
leaves options open for various port
development schemes
allows freedom to use various traffic
management approaches
leaves open possibility of future
privatization
Until today, Govarmant was considering a 300 approach. Why the change?
we were considering a privatized approach to the LFC because we bellave that major
infrastructure projects should, wherever
practicable, be carried out by the private sector. This has been something of a tradition in Hong Kong and we think it should continue.
However, as we have considered the situation further, it seamed to 170
important issues, such as the issue of port development on Lantau Island, which were complex and not necessarily finally resolvable in the time frame in which we would need to proceed with the