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TUESDAY, NOVEMBER 10, 1987
AND
DEVELOPMENT STUDY,
LAND USE WAS LOOKED AT IN THE TERRITORY UPDATED LAST YEAR, WHICH INCLUDED URBAN GROWTH ON MAJOR RECLAMATIONS AROUND VICTORIA HARBOUR, UPGRADING
THE EXTENSION OF PRINCIPAL DEVELOPMENT OF ADDITIONAL TRANSPORT LINKS, DEVELOPMENT
CONTAINER KAI TAK AIRPORT KWAI CHUNG, AND THE CONTINUED USE OF PRACTICAL CAPACITY.
-
TO
TERMINALS AT ITS FULL
NEW
OTHER FEASIBILITY STUDIES LINKED WITH THE INFRASTRUCTURE DEVELOPMENT INCLUDED ROUTE X
A LINK BETWEEN NORTHWEST TERRITORIES AND SHENZHEN SEZ AND BETWEEN THE KWAI CHUNG CONTAINER TERMINAL AND THE METROPOLITAN AREA; A FREIGHT RAIL LINK BETWEEN SHA TIN AND KWAI CHUNG; EXPANSION OF THE KCRC RAILWAY FREIGHT TERMINAL AT HUNG HOM BAY, WHICH WOULD SERVE KWAI CHUNG PRINCIPALLY BY LIGHTERS; AND THE SECOND COMPREHENSIVE TRANSPORT STUDY.
MR JACOBS SAID ALL THIS WAS NECESSARY TO ENSURE EFFECTIVE AND EFFICIENT LINKAGES AND COMMUNICATIONS WITH OTHER COUNTRIES, ESPECIALLY CHINA AND OTHER TRADING PARTNERS,
"THE PORT AND AIRPORT ARE CRUCIAL NODES IN THE INFRASTRUCTURE NETWORK," HE SAID.
IN REPLY TO A PRESS QUESTION, AFTER THE LUNCHEON, ON WHETHER THE PORT AND AIRPORT PROJECTS WOULD BE AFFECTED BY A SLOWDOWN IN THE ECONOMY, MR JACOBS SAID "OBVIOUSLY THE TIMING OF THIS SORT OF PROJECT WOULD BE AFFECTED BY THE ECONOMY”.
"THAT'S WHAT I'VE MENTIONED IN MY SPEECH, THE FACT THAT WE LOOK AT THE GROWTH OF TRADE OVER A PERIOD OF TIME, PARTICULARLY IN RELATION TO THE DEVELOPMENT OF THE CONTAINER TERMINAL. 80 THIS IS AN ONGOING, CONTINUOUS PROCESS. SO, YES, IT COULD HAVE AN EFFECT ON FURTHER DEVELOPMENTS, HE SAID.
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ON THE EXTENT OF STOCK MARKET EVENTS AFFECTING HONG KONG'S ECONOMY, MR JACOBS SAID ECONOMIES THE WORLD OVER WHERE BEING AFFECTED.
"IF YOU LOOK AT EVERYWHERE IN THE WORLD WHERE THERE HAS BEEN A TRAUMATIC FALL IN STOCK MARKETS, I THINK MOST PROPLE RECOGNISE THAT THERE COULD BE SOME SLOWDOWN.
"I THINK HONG KONG IS VERY WELL PLACED. IF YOU GET AWAY FROM CENTRAL AND STOP THINKING ABOUT THE STOCK MARKET YOU'LL FIND BUSINESSES ARE JUST AS GOOD AS THEY WERE BEFORE, HE NOTED.
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