20
WEDNESDAY, OCTOBER 10, 1990
"NEVERTHELESS, THERE IS NO DOUBT THAT, PROPERLY MANAGED, PROJECTS ARE WITHIN OUR FINANCIAL CAPABILITY," HE STRESSED.
THESB
THE GOVERNOR SAID BY ANY MEASURE, PADS OFFERED EXCELLENT FUTURE RETURNS AS A SOUND INVESTMENT.
IN THE MEDIUM TERM, THE MOST OBVIOUS BENEFIT WOULD BE THE LAND WHICH IT WOULD OPEN UP FOR DEVELOPMENT.
NEW
BE ON THE NORTH LANTAU COAST, SOME 200 HECTARES OF LAND WOULD
TO THE NEW FORMED FOR INDUSTRIAL DEVELOPMENT ALONG THE APPROACHES AIRPORT.
ANOTHER 70 AND RESIDENTIAL
THE WEST KOWLOON RECLAMATION WOULD GIVE US ABOUT
COMMERCIAL OF
HECTARES DEVELOPMENT.
LAND
FOR
INDUSTRIAL,
THE GOVERNOR POINTED OUT THAT IN ADDITION, ONCE THE NEW AIRPORT WOULD WAS BUILT, THE 270 HECTARE SITE OF THE PRESENT KAI TAK AIRPORT BE AVAILABLE FOR DEVELOPMENT, AND THE WAY WOULD BE OPEN FOR RECLAIMING OVER 300 HECTARES OF NEW LAND IN KOWLOON BAY,
"TAKING INTO ACCOUNT ONLY THE AREAS I HAVE JUST MENTIONED, THIS CREATE A POTENTIAL MEANS THAT THE NEW AIRPORT PROJECT ALONE WILL REVENUE FROM LAND SALES OF NEARLY $40 BILLION AT PRESENT DAY PRICES.
RESULT FROM THE FOR RE-DEVELOPMENT WILL "FURTHER POTENTIAL
AFTER THE REMOVAL, IN DUE COURSE, OF HEIGHT RESTRICTIONS IN KOWLOON CLOSURE OF KAI TAK," THE GOVERNOR SAID.
AIRPORT PROJECT PROVIDES CORNERSTONE OF PROSPERITY OF HKSAR
* * *
TODAY (WEDNESDAY) THE GOVERNOR,
DAVID WILSON, SAID SIR
AIRPORT PROJECT WHICH HOPES ΤΟ SEE CHINA'S SUPPORT FOR THE
OF THE CONTINUED PROSPERITY OF THE PROVIDE THE CORNERSTONE KONG SPECIAL ADMINISTRATIVE REGION.
HE WILL
HONG
THE NEW "THIS IS NOT SOMETHING WHICH JUST AFFECTS HONG KONG.
TO THE CONTRIBUTION
ECONOMIC WILL MAKE A SIGNIFICANT AIRPORT
IN PARTICULAR," DEVELOPMENT OF SOUTH CHINA IN GENERAL AND GUANGDONG SIR DAVID SAID.
IN TURN, ECONOMIC EXPANSION IN SOUTH CHINA WOULD GENERATE THAN ENOUGH BUSINESS FOR THE OTHER EXISTING AND PROPOSED AIRPORTS THE VICINITY OF HONG KONG.
MORE IN
ARE
WITH COMPREHENSIVE "WE HAVE PROVIDED THE CHINESE AUTHORITIES DETAILS OF OUR PLANS, AND WILL CONTINUE TO DO SO AS THESE PLANS UPDATED, SIR DAVID SAID.
IL
/HE STRESSED