-1991
17:01
SECRETARIAT D.A.U.
+852 845 7895
P.19
29
Over the next few months, tenders will also be
invited for other important transport projects,
including the North Lantau Expressway.
Tenders for preparatory works for the new town
of Tung Chung will be invited before the end of
this month.
Finally, design work is well advanced for the
Expressway and the Airport
West
Kowloon
Railway.
54.
Some people remain concerned about whether we can
afford these massive projects. I believe that we both can
and must. Of course we need to plan our financing of these
and ether major projects prudently. Costs must be
controlled, and budgets rigorously monitored. But it is
worth remembering that our current expectation is that the
Airport Core Programme will absorb only about one-quarter
of our total capital expenditure during the six years
needed for
be
the
period.
construction.
This level of expenditure will
equivalent of about 2% of annual GDP over the same
This
is
only a little higher than the
/corresponding