bullpts.PR.JRB
have to make at the end of the day.
NEW AIRPORT
- All agree that Hong Kong needs a new airport if it is to remain an important international trade and financial centre.
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Hope that agreement on the overall financing arrangements can be reached with the Chinese soon.
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In the meantime, we are maintaining momentum on the airport to avoid expensive slippages and cost increases.
The project represents excellent value for money. Any substantial cost reduction would compromise the scope of the project and would not lead to the construction of the first rate airport which Hong Kong needs.
ECONOMY
Economic fundamentals in Hong Kong remain very strong. Probably sounder than in any other community in the world. grew by 5% in 1992, and is expected to remain in the range of 5-5.5% in 1993. Trade with China continues to boom. will be sustained by Government infrastructure projects.
GDP
Investment