THURSDAY, JANUARY 18, 1990
PROJECTS FUNDED AND IMPLEMENTED BY THE URBAN COUNCIL REGIONAL COUNCIL WERE FINANCED BY THE COUNCIL'S OWN INCOME, RATES GOVERNMENT GRANTS.
AND
AND
PROJECTS FUNDED BY STATUTORY BODIES WHICH WERE WHOLLY GOVERNMENT-OWNED - INCLUDING THE HOUSING AUTHORITY, MTRC, KCRC, THE INDUSTRIAL ESTATE CORPORATION, AND THE FUTURE AIRPORT AUTHORITY, WERE FINANCED BY THE ORGANISATION'S OWN INCOME AND GOVERNMENT FINANCE THROUGH LOANS FROM THE DEVELOPMENT LOAN FUND AND/OR EQUITY FROM VARIOUS OTHER FUNDS.
THERE WERE ALSO PROJECTS INITIATED BY THE GOVERNMENT BUT FUNDED AND IMPLEMENTED BY THE PRIVATE SECTOR, SUCH AS THE TATE'S CAIRN TUNNEL, EASTERN HARBOUR CROSSING, THE FUTURE WESTERN HARBOUR CROSSING AND LANTAU FIXED CROSSING, SIR PIERS SAID.
SOME BROAD ORDERS OF COSTS OF GOVERNMENT PROJECTS ARE:
COMMITMENT IN THESE
1989-90 TO 1993-94
(S BILLION)
1989 PRICES
PUBLIC WORKS PROGRAMME
CAPITAL SUBVENTIONS
EQUITY INJECTION INTO HOUSING AUTHORITY, MTRC
65.14
9.70
10.36
POSSIBLE EQUITY INJECTION FOR REPLACEMENT AIRPORT
AND AIRPORT RAILWAY
14.03
INFORMATION ABOUT PADS
+1
THE GOVERNMENT IS IN THE PROCESS OF ESTABLISHING A ONE STOP" UNIT TO DEAL WITH ALL ENQUIRIES AND INFORMATION ABOUT THE PADS PROJECT, A GOVERNMENT SPOKESMAN SAID TODAY (THURSDAY).
"THE UNIT WILL COVER BOTH TECHNICAL AND GENERAL INFORMATION RELATING TO THE NEW AIRPORT AT CHEK LAP KOK, THE NEW PORT DEVELOPMENT, AND ALL RELATED ROAD AND RAIL LINKS, THE SPOKESMAN SAID.
11
IT IS INTENDED THAT THE NEW UNIT BE OPERATIONAL LATER THIS
MONTH.
TO
OBTAIN
IN THE MEANTIME, ANY COMPANY OR INDIVIDUAL WISHING FURTHER INFORMATION ABOUT THE VARIOUS COMPONENTS OF PADS IS WELCOME TO CONTACT ONE OF THE FOLLOWING:
/SECRETARY FOR