WEDNESDAY, JUNE 8, 1988
"THE INITIAL TOLLS, RANGING FROM $4 FOR PRIVATE CARS TO $8 HEAVY GOODS VEHICLES, ARE SPECIFIED IN THE SCHEDULE.
FOR
"THIS CAN ONLY BE VARIED WITH THE AGREEMENT OF THE GOVERNOR
BOTH
AND GOVERNMENT
THE COMPANY MAY COUNCIL, FAILING WHICH ARBITRATION,"
PART X CONTAINED AN IMPORTANT PROVISION FOR THE THE FRANCHISE IF THE COMPANY WAS IN DEFAULT.
IN
SEEK
REVOCATION OF
ΤΟ
BE
UNDER WHICH HE SAID IT PUT DOWN, IN DETAIL, THE CIRCUMSTANCES
IN DEFAULT AS WELL AS THE COMPANY WOULD BE REGARDED AS BEING
THE
GONE THROUGH
THE BEFORE
COMPANY'S
THE COMPANY
PROCEDURES WRICH HAVE FRANCHISE COULD BE REVOKED.
REVOCATION WOULD BE THE ULTIMATE SANCTION AGAINST IF IT FAILED TO FULFILL ITS PRIMARY OBLIGATIONS.
VITAL NEW AND URBAN THE
MR LEUNG SAID THAT TATE'S CAIRN TUNNEL WOULD FORM A LINK BETWEEN THE FAST DEVELOPING NORTHEAST NEW TERRITORIES KOWLOON AND WOULD BRING LONG-TERM RELIEF TO TRAFFIC CONGESTION AT LION ROCK TUNNEL.
DIAMOND HILL
HE SAID.
"IT WILL STRETCH FROM SIU LIK YUEN IN SHA TIN TO IN KOWLOON. ITS LENGTH IS 3.9 KM, THE LONGEST IN HONG KONG,
PART "IT WILL ALSO FORM
OF A GREATER NETWORK LINKING THE EASTERN HARBOUR CROSSING, WHICH IS NOW UNDER CONSTRUCTION, ALL THE WAY TO TOLO HIGHWAY.
WHILE THIS $2
BILLION
PRIVATE SECTOR, GOVERNMENT WILL PARTS OF THIS GREATER NETWORK.
PROJECT WILL BE UNDERTAKEN BY TAP
CONSTRUCT SIMULTANEOUSLY
THE OTHER
NEK
BYPANS AND "THESE INCLUDE, ON THE KOWLOON SIDE, THE KWUN TONG
TIN SIDE, THE PRINCE EDWARD ROAD INTERCHANGE AND, ON THE SHA
APPROACH ROADS BRIDGE ACROSS SHING MUN RIVER, THE T5 HIGHWAY AND THE TO THE NORTHERN PORTAL OF THE TUNNEL.
BY PRIVATISING THE TATE'S MR LEUNG SAID THAT
CAIRN OTHER IMPORTANT CAPITAL PROJECT, FUNDS COULD BE RELEASED FOR PROJECTS WHICH MIGHT OTHERWISE BE CARRIED OUT AT A LATER DATE.
TUNNEL WORKS
THE GOVERNMENT WOULD ALSO RECEIVE
ROYALTY PAYMENTS FROM
THE
COMPANY WHEN IT BEGAN OPERATION.
THE PRIVATE SECTOR WHEN
IN MAY LAST YEAR, WERE OF HIGH QUALITY,
REFERRING TO THE KEEN RESPONSE FROM THE GOVERNMENT INVITED PROPOSALS FOR THE PROJECT MR LEUNG SAID ALL THE SIX PROPOSALS RECEIVED OFFERING ATTRACTIVE TERMS.
/THE GOVERNMENT