1.
FRIDAY, JANUARY 25, 1991
GOVERNMENT INTENDS TO INVOLVE PRIVATE SECTOR IN AIRPORT PROJECT
THE
THE
FAR
NEW
GOVERNMENT INTENDS TO INVOLVE THE PRIVATE SECTOR AS AS
IN THE PROVISION OF FACILITIES AND SERVICES AT POSSIBLE
MRS ANSON CHAN, AIRPORT ITSELF, THE SECRETARY FOR ECONOMIC SERVICES F SAID TODAY (FRIDAY).
SPEAKING AT THE PLENARY SESSION ON PROJECT FINANCING AND PRIVATISATION AT THE APEX '91 HONG KONG CONFERENCE, MRS CHAN POINTED AT OUT THAT THE WORK OF THE FINANCIAL CONSULTANTS ON THE NEW AIRPORT
кок, L'HEK
RANGE TO DATE, LAP
HAS CONCENTRATED ON THE
OF POSSIBLE INSTITUTIONAL ARRANGEMENTS FOR ON-AIRPORT ACTIVITIES.
AS
AIR TERMINAL.
THEY INCLUDED THE SCOPE FOR PRIVATISING MAJOR FACILITIES SUCH
THE AIRCRAFT MAINTENANCE CARGO,
FACILITIES AND
PASSENGER
SHE NOTED THAT MANY SERVICES AT KAI TAK
AS CARGO SUCH MAINTENANCE AIRCRAFT
AND HANDLING,
ENGINEERING, THE HANDLING OF BAGGAGE, APRON SERVICES AND AIRCRAFT CATERING WERE ALREADY PRIVATISED.
"THE
MAIN SCOPE FOR INCREASING THE LEVEL OF PRIVATIZING CHEK LAP KOK OVER AND ABOVE THAT ALREADY FOLLOWED AT KAI TAK RESPECT
THE PASSENGER TERMINAL, WHICH AT KAI TAK OF OPERATED BY THE GOVERNMENT.
AT
WAS
WAS IN OWNED AND
"THE MASTER PLANNERS ARE ENSURING THAT THEIR CONCEPTS FOR THE PASSENGER TERMINAL AT CHEK LAP KOK WILL BE SO DESIGNED AS TO MAKE THEM AMENDABLE TO PRIVATIZING, MRS CHAN SAID.
то
SHE STRESSED THAT A MAJOR OBJECTIVE OF THE GOVERNMENT WAS
ΤΟ THE AIRPORT KEEP THE AMOUNT OF PUBLIC SECTOR FINANCIAL SUPPORT
THE WITH
OPTIMAL
AUTHORITY TO
THAT A LEVEL DEVELOPMENT OF THE NEW AIRPORT,
IT WAS
CONSISTENT
"OUR AIM IS TO BUILD A POST-EFFECTIVE AIRPORT THAT WOULD MEET INTERNATIONAL STANDARDS OF SERVICE AND SAFETY.
GOVERNMENT SUCCESSFULLY
SHE ADDED.
"AS THE
THE ONLY SHAREHOLDER IN THE AUTHORITY, WILL ALSO WISH TO ENSURE THAT THE AUTHORITY WILL OPERATE WITH A REASONABLE RATE OF RETURN ON ITS INVESTMENT,
TURNING TO
THE
AIRPORT
THE
FOR THE
AUTHORITY, MRS CHAN SAID
GOVERNMENT
REQUIRED PREPARE THE LEGISLATION CONTINUED TO ESTABLISHMENT OF THE AUTHORITY PROPER IN LATE 1991 OR EARLY 1992.
THE
"THE AUTHORITY WILL BE A BODY CORPORATE WHOLLY-OWNED BY
SUCCESSFUL MASS GOVERNMENT
AN ARRANGEMENT NOT UNLIKE THAT OF THE TRANSIT RAILWAY CORPORATION, FOR EXAMPLE.
AND
"THE AIRPORT AUTHORITY ORDINANCE WILL ESTABLISH THE FRAMEWORK
THE WITHIN WHICH
AUTHORITY WILL
INCLUDING POLICY OPERATE, FINANCIAL OBJECTIVES LAID DOWN BY THE GOVERNMENT.
/"THE LEGISLATION