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SATURDAY, SEPTEMBER 8, 1990
NEW HIGHWAYS, BRIDGES AND RAILROADS WOULD BE BUILT TO THESE NEW FACILITIES.
SERVI
"THE COST OF THE COMBINED PORT AND AIRPORT PROJECT IS ESTIMATED AT US$16.3 BILLION AT CURRENT PRICES," HE SAID.
PRIVATE
MR BARMA SAID ALL THESE UNDERTAKINGS WOULD INVOLVE SECTOR PARTICIPATION IN PROJECT FINANCE, ENGINEERING CONSULTANCY, CONSTRUCTION AND SUPPLY OF MATERIALS.
"RESPONSES, BOTH LOCAL AND OVERSEAS, HAVE BEEN ENCOURAGING. IN FACT, BECHTEL OF CALIFORNIA HAS BEEN AWARDED THE CONTRACT FOR THE OVERALL MANAGEMENT OF THE AIRPORT AND RELATED PROJECTS," HE SAID.
TURNING TO FUTURE PROSPECTS, MR BARMA SAID PAST EXPERIENCE SHOWN THAT THE ECONOMY OF HONG KONG WAS EXTREMELY RESILIENT.
HAD
"WHENEVER THERE WAS A GLOBAL ECONOMIC SLOWDOWN, THE ECONOMY HONG KONG WAS ONE OF THE FIRST TO BOUNCE BACK QUICKLY WITH ENHANCED VIGOUR," HE SAID.
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MR BARMA SAID HONG KONG'S FUTURE WAS NOT WITHOUT UNCERTAINTIES, "BUT NEITHER DOES IT LACK EXCITING OPPORTUNITIES.
AND THE
"THE LARGE NUMBER OF OVERSEAS COMPANIES IN HONG KONG, CONTINUOUS INFLOW OF TECHNOLOGY AND INVESTMENT, SHOW CLEARLY THAT HONG KONG IS A PLACE WHERE YOU CAN FIND OPPORTUNITIES AND CHALLENGE FOR COMMERCIAL AND INDUSTRIAL ACTIVITIES,
FI HE TOLD PARTICIPANTS AT THE SEMINAR.
THE "HONG KONG WORKS" SEMINAR IS THE FIRST OF THE KIND ORGANISED BY THE INDUSTRY DEPARTMENT IN SILICON VALLEY. THE PANEL, DRAWN FROM U.S. AND HONG KONG BUSINESSMEN AND HONG KONG GOVERNMENT OFFICIALS, WAS CHOSEN BECAUSE OF ITS EXPERTISE ON THE MANY CHANGING ASPECTS OF HONG KONG AND THE TERRITORY'S CONTINUED IMPORTANCE AS A MANUFACTURING AND BUSINESS CENTRE.
OTHER SPEAKERS FROM THE HONG KONG GOVERNMENT INCLUDED THE COUNSELLOR AT THE HONG KONG ECONOMIC AND TRADE OFFICE IN WASHINGTON, MS CAROL VALENTINE, AND THE REGIONAL DIRECTOR (NORTH AMERICA) FOR INDUSTRIAL INVESTMENT PROMOTION, MR IAN HOWARD.
THE WIDE RANGING SEMINAR PROGRAMME PROVIDED AN IN-DEPTH UPDATE FOR SILICON VALLEY COMPANIES INTERESTED IN DOING BUSINESS AND MANUFACTURING IN HONG KONG.
APART FROM TAKING PART IN THE SEMINAR, MR BARMA ALSO ADDRESSED THE HONG KONG ASSOCIATION OF SOUTHERN CALIFORNIA IN LOS ANGELES AND THE HONG KONG ASSOCIATION OF NORTHERN CALIFORNIA IN SAN FRANCISCO.
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