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4
a significant item of expenditure.
The
conversion of hotel rooms would
for technical
Other local
By way of
involve blocking off these rooms for a
a long period of time and fitting out work. Likewise, substantial expenditure would be incurred in building and furnishing modular offices at the HKCEC.
logistics requirements also involve substantial expenditure. illustration, it cost HK$30 million for the 1982 Toronto Meetings, HK$120 million for the 1988 Meetings in Berlin, and around HK$200 million for the 1991 Meetings in Bangkok.
11.
We intend to be active in seeking sponsorship in order to reduce
the cost to Government.
Arrangements for planning the 1997 Annual Meetings
12.
The planning work would be undertaken by Hong Kong. China has accepted that the same Hong Kong planning team would handle the planning of the Annual Meetings before and after 1 July 1997. The responsible agency in Hong Kong would be the Hong Kong Monetary Authority (HKMA) but consideration would be given to the possibility of following Madrid's approach of setting up a limited company to plan the
Annual Meetings because this would facilitate the planning work in relation example, negotiation of sponsorship and procurement contracts.
13.
HKMA to
with the Bank/Fund.
to,
for
A small planning team would need to be established within the organize and coordinate the preparatory work, in close liaison The team would thrash out the detailed planning requirements of the Bank/Fund for the Hong Kong Meetings and preparation
The team will be built up
Closer to the event, it may
be
staff or second additional staff within
of tender briefs for supply contracts. progressively in light of the workload.
necessary to hire temporary government to assist in the planning work.
14.
An inter-departmental working group, which would include representatives of the Hong Kong Trade Development Council and Hong Kong
Tourist Association, would be set up later this year under the chairmanship of the Hong Kong Monetary Authority. This working group would then set up sub-groups to deal with coordination of individual