22
WEDNESDAY, OCTOBER 10, 1990
THE
ON DECISIONS
THE AUTHORITY WOULD SOON TAKE PROVISIONAL
THEN BE OVERALL LAYOUT OF THE NEW AIRPORT AND THE CONSULTANTS WOULD ABLE TO GO AHEAD WITH THEIR DETAILED DESIGN WORK.
I EXPECT THE "THIS WILL BE FINISHED BY NOVEMBER NEXT YEAR.
HALF MAIN SITE FORMATION WORKS FOR THE AIRPORT TO BEGIN IN THE SECOND OF 1991, "THE GOVERNOR SAID.
THE GOVERNOR SAID THE PRESENT ESTIMATE OF THE COST OF THE AIRPORT WAS APPROXIMATELY $38 BILLION AT TODAY'S PRICES, EXCLUDING RELATED TRANSPORT LINKS AND OTHER SUPPORTING INFRASTRUCTURE.
NEW
ITS
"CONSULTANTS HAVE BEEN APPOINTED TO ADVISE HOW BEST TO THE FINANCING OF THIS MAJOR INVESTMENT.
HANDLE
JUNE
NEXT YEAR,
THEY WILL
MADE HAVE
DETAILED
"BY RECOMMENDATIONS ON AN EFFECTIVE FINANCIAL STRATEGY.
PLANS FOR CO- AIRPORT IS MAXIMUM POSSIBLE
"A CRUCIAL PART OF THEIR BRIEF IS TO DEVELOP OPERATING WITH THE PRIVATE SECTOR, TO MAKE SURE THAT THE NOT ONLY COMMERCIALLY VIABLE, BUT ALSO MAKES THE CONTRIBUTION TO OUR ECONOMIC DEVELOPMENT,
**
HE SAID.
THE
SUM UP, SIR DAVID SAID, LAST OCTOBER HE ANNOUNCED THAT GOVERNMENT WOULD BUILD A NEW AIRPORT AT CHEK LAP KOK AND THIS DECISION FOLLOWED DETAILED INVESTIGATIONS OVER MANY YEARS.
"1990 HAS
SEEN THE LAYING OF THE VITAL
FOUNDATIONS
PROJECT, WITH EXPERTS AT WORK ON THE FINANCIAL PACKAGES, AS THE ENGINEERING AND OTHER FEASIBILITY STUDIES.
FOR THE WELL AS
"WE HAVE MADE A GOOD BEGINNING, AND SOME CONTRACTS WITH THE PROJECT HAVE ALREADY BEEN LET, HE SAID.
++
ASSOCIATED
SOON
THE FIRST WORK ON THE GROUND WOULD BEGIN IN JANUARY NEXT
THE TENDERS WOULD BE CALLED FOR
LANTAU AFTERWARDS, CROSSING, THE CENTREPIECE IN THE NEW ROAD AND RAIL SYSTEM WHICH LINK THE AIRPORT TO KOWLOON AND HONG KONG ISLAND.
PROGRESS
YEAR.
FIXED
WOULD
AS THE
TEAM OF FOR THE
SIR
WOULD ACCELERATE DAVID SAID PROFESSIONALS BEING ASSEMBLED, INCLUDING A CHIEF EXECUTIVE AIRPORT AUTHORITY, TOOK UP THEIR POSTS IN THE MONTHS AHEAD.
TO TAILOR
INDIVIDUAL
AND
"AND WE STILL HAVE SOME FLEXIBILITY ELEMENTS WITHIN THE TOTAL PROJECT IN RESPONSE TO ADDITIONAL DATA FURTHER ANALYSIS BY THE EXPERTS," HE ADDED.
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