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THE CENTRE IS BEING BUILT UNDER CONTRACT FROM THE TDC BY NEW WORLD DEVELOPMENT LTD ON A 2.96 HECTARE SITE PROVIDED FREE OF COST BY THE GOVERNMENT. UNDER THE CONTRACT NEW WORLD IS MAKING A PAYMENT - THE TDC OF $750 MILLION SPREAD OVER THREE YEARS. NEW WORLD WILL BE RESPONSIBLE FOR MARKETING, FURNISHING AND OPERATING THE EXHIBITION CENTRE AND WILL PAY THE TDC FIVE PER CENT OF GROSS SALES FROM EXHIBITIONS AND CONVENTIONS WITH A GUARANTEED MINIMUM.
ON A PRIME WATERFRONT SITE, NEAR A FERRY TRMINAL, EASILY ACCESSIBLE BY ROAD, A SHORT WALK FROM A MASS TRANSIT RAILWAY STATION AND WITH HOTEL AND OFFICE ACCOMMODATION ON THE PREMISES, THE HONG KONG CONVENTION AND EXHIBITION CENTRE WILL OFFER FACILITIES UNRIVALLED IN THE REGION.