2
THE TOTAL
FINANCED
BY
THE
COST
OF THESE PROJECTS, PRIVATE SECTOR, WAS THEN
INCLUDING ESTIMATED
BILLION AT 1989 PRICES OVER THE PERIOD UP TO 2006.
THOSE
AT SOME
то BE $127
WHICH
THE GOVERNMENT HAD NOW REFINED A LIST OF THOSE PROJECTS ARE REQUIRED TO MEET THE PRIMARY AIM OF HAVING THE FIRST RUNWAY OF THE NEW AIRPORT OPEN IN 1997. THESE ARE THE AIRPORT ITSELF, THE THE TRANSPORTATION LINKS AND ASSOCIATED RECLAMATION.
BRIDGES,
THE
ESTIMATED ORDER OF COSTS OF THESE KEY AIRPORT PROJECTS
IS
AS FOLLOWS:
PROJECT
ORDER OF COST
($ MILLION AT 1990 PRICES IN PERIOD TO 1997)
WESTERN KOWLOON RECLAMATION
9,500
WESTERN KOWLOON EXPRESSWAY
2,500
WESTERN HARBOUR CROSSING
4,000
ROUTE 3 (SECTION LINKING TSING YI, KWAI
5,000
CHUNG AND WEST KOWLOON)
CHEK LAP KOK AIRPORT
38,000
NORTH LANTAU EXPRESSWAY
5,000
(INCLUDING RAIL RESERVE)
TUNG CHUNG DEVELOPMENT PHASE I
3,000
CROSSING BETWEEN LANTAU AND TSING YI
-
TWO BRIDGES
7,000
RAIL PORTION OF BRIDGES & ROUTE 3 INTERCHANGE
3,000
UTILITIES & OTHER MISCELLANEOUS
2,000
79,000
ARE
APPROXIMATE, AS MOST OF
THE
ARE
DO
IN
RAILWAY
COSTS (THESE
PROJECTS CURRENTLY AT THE PRELIMINARY DESIGN STAGE. ALSO THE FIGURES NOT
AIRPORT INCLUDE ALLOWANCE FOR CONTINGENCIES. THE HAS ALSO BEEN EXCLUDED. A STUDY OF THE RAILWAY IS CURRENTLY HAND, WHICH WILL REVIEW THE SCOPE AND TARGET COMMISSIONING DATE OF THE PROJECT).
IN
ITS THE
FINANCIAL STRATEGY FOR THE NEW AIRPORT PROJECTS,
SAID THE SPOKESMAN
GOVERNMENT EXPECTS REVENUE FROM THE AIRPORT PROJECTS.
AND
RELATED CONSIDERABLE
REVENUE DIRECT
GOING TO THE GOVERNMENT WILL INCLUDE REVENUE
FROM
FRANCHISE, AS THE LANTAU BRIDGE, TOLLS AND/OR FROM SALE OF THE AS TOLLS FROM OTHER ROADS SUCH AS ROUTE 3. THIS IS IN ADDITION WELL TO THE POTENTIAL REVENUE FROM LAND SALES.
/ASIDE FROM