TUESDAY, NOVEMBER 1, 1988
3
IN
CENTRAL/WAN
EXPO,
IT
WOULD
MEAN
CHAI
A
OR WEST KOWLOON
IN DELAY
TACKLING
"IF THE RECLAMATIONS
WERE TO BE USED FOR AN THE GROWING CONGESTION PROBLEM.
ADDED
THAT
THE
THE SPOKESMAN PRE-FEASIBILITY STUDY HAD ESTIMATED THAT
FOR
THE EXPO
CONSULTANTS
ABOUT 50',000 PEOPLE WOULD
ENTER AND 20,000 WOULD LEAVE THE EXPO SITE IN THE EVENING PEAK HOUR.
THE AGGRAVATE
TRAFFIC CONGESTION "THIS WILL UNDOUBTEDLY
IN THE URBAN PROBLEM AND PUT A HEAVY STRAIN ON THE TRANSPORT SYSTEM AREA, HE SAID.
**
REITERATED THAT VISITORS AT ON VISITS FROM
THE
THE
TURNING TO FINANCIAL VIABILITY, THE SPOKESMAN
OVERSEAS IN WITH NO ADDITIONAL CAPACITY TO BRING AIRPORT, THE SUCCESS OF EXPO WOULD RELY HEAVILY LOCAL POPULATION AS WELL AS VISITORS FROM CHINA.
COST OF ENTRY OF $80 PUT FORWARD BY FIGURES ATTENDANCE
PER
THE
"THIS, TOGETHER WITH AN AVERAGE PERSON, CASTS DOUBT ON THE CONSULTANTS, " THE SPOKESMAN SAID.
THAN ESTIMATED, "IF ATTENDANCE WERE TO BE SIGNIFICANTLY LOWER
FINANCIAL DEBT POSSIBLY THE SAR GOVERNMENT COULD BE BURDENED WITH A RUNNING INTO BILLIONS OF DOLLARS IN ITS FIRST YEAR OF OPERATION."
ON THE ECONOMIC IMPLICATIONS OF HOLDING AN EXPO, THE POINTED OUT THAT THE ADDITIONAL CAPITAL OUTLAYS
PROJECT WERE DIFFICULT TO QUANTIFY OF THE UNDOUBTEDLY EXCEED THE $2 BILLION QUOTED SCHEME.
SPOKESMAN REQUIRED IN SUPPORT PRECISELY, BUT WOULD
OF BY THE PROPONENTS
THE
"THE COST OF THE EXHIBITS THEMSELVES INCLUDING THE FITTING
HE SAID. OF THE PAVILION WOULD AMOUNT TO A FURTHER $1 BILLION,"
OUT
THAT "AND ASSUMING
INVESTORS WOULD PRIVATE WHICH WOULD FACE LOW OCCUPANCY RATES ONCE EXPO WAS OVER,
ADDITIONAL OF THE COSTS, EXCLUDING LAND COSTS, REQUIRED COULD BE ABOUT $2.75 BILLION.
"IN ADDITION, THERE WOULD PROVIDING THE EXTRA INFRASTRUCTURE THAT WOULD EXPO, FOR EXAMPLE, THE NEED TO HANDLE THE LARGE CROWDS GOING TO FROM THE SITE."
SAID
то SITE
BE DELAY ITS
THE
SITE, THE SPOKESMAN A REQUIRE
GIVEN OR TO BR, OTHERWISE
AS FOR LAND COSTS OF THE EXPO EFFECT OF HOLDING AN EXPO WOULD BE TO FORMED EARLIER THAN IT WOULD AVAILABILITY FOR ITS INTENDED LONG-TERM USE.
5,500
FINANCE
THE BUILDING HOTEL ROOMS
HOTELS
BE THE
COST SUBSTANTIAL BE NEEDED SOLELY
OF FOR
AND
"IN BOTH CASES, AN EXPO WOULD IMPOSE COSTS ON
THE
COMMUNITY,"
HE SAID.
/GIVEN THE