MORE WATER FROM CHINA
TUESDAY, JUNE 7, 1988
HONG KONG HAS ENTERED INTO AGREEMENT WITH CHINA TO INCREASE THE ANNUAL SUPPLY OF WATER OVER
PERIOD FROM 1989/1990 UP ΤΟ 1994/95.
THE
FOR THE CURRENT YEAR (1988-89), CHINA HAS ALSO AGREED TO SUPPLY AN ADDITIONAL 180,000 CUBIC METRES OF WATER DAILY FOR MAY TO SEPTEMBER ON TOP OF THE ANNUAL SUPPLY OF 430 MILLION CUBIC METRES. DURING THIS PERIOD, CHINA MAY INCREASE THE ADDITIONAL SUPPLY TO 280,000 CUBIC METRES PER DAY.
THE AMOUNT OF SUPPLY AS NOW AGREED FOR THE SEVEN-YEAR PERIOD AND THEIR RESPECTIVE PRICES ARE:·
-
YEAR
1988-89
1989-90
1990-91
1991-92
1992-93
1993-94
1994-95
AMOUNT
PRICE
(MILLION CUBIC METRES)
(HK DOLLAR/CUBIC METRE)
430
1.112
500
1.201
535
1.297
570
600
630
660
(PRICES FROM THE YEAR 1991-92 ONWARDS ARE SUBJECT TO FURTHER REVIEW)
THE SUPPLY FROM CHINA STARTS FLOWING EVERY YEAR FROM MAY 1 ΤΟ
THE END OF FEBRUARY THE FOLLOWING YEAR.
SUPPLY LAPSES EACH MARCH AND APRIL TO ENABLE MAINTENANCE AND REPAIRS TO THE SUPPLY SYSTEM BY BOTH SIDES.
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