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FRIDAY, JULY 17, 1992
GROWTH IN KONG HAD SHARED
NOTING THAT THE PACIFIC RIM WAS AN AREA OF DYNAMIC MANY AREAS OF ECONOMIC ACTIVITY, MR YEUNG SAID HONG IN THAT GROWTH BY BEING COMPETITIVE, AND IT MUST REMAIN SO.
THE ACP OPPORTUNITIES FOR FURTHER GROWTH CLEARLY EXISTED, AND
ΤΟ EXPLOIT THESE THE GOVERNMENT'S DETERMINATION WAS ESSENTIAL IN OPPORTUNITIES, FROM WHICH THE ENTIRE COMMUNITY WOULD BENEFIT.
ACP
OF MONEY AND PHYSICAL
"BY STIMULATING ECONOMIC GROWTH, THE NEW AIRPORT AND OTHER PROJECTS WILL ALSO BOOST EMPLOYMENT AND INCREASE THE AMOUNT
AVAILABLE FOR OTHER SOCIAL WHICH THE GOVERNMENT HAS INFRASTRUCTURE, HE SAID.
"
TURNING TO CONCERNS THAT THE
GOVERNMENT'S INVESTMENT IN THE
AND SERVICES, ACP SHOULD NOT BE AT THE EXPENSE OF OTHER PUBLIC
THAT ACP SPENDING COSTS AND INFLATION SHOULD BE CONTROLLED, MR YEUNG SAID HAD TO BE KEPT IN PERSPECTIVE.
A
SPENDING OVER THE NEXT FIVE YEARS WOULD AMOUNT TO ONLY ABOUT
HAD TO QUARTER OF THE GOVERNMENT'S TOTAL CAPITAL EXPENDITURE, AND IT
MANY AN INTEGRATED SOLUTION TO
OF BE BORNE IN MIND THAT THE ACP WAS
LARGE PORTION OF THE SPENDING
OUR INFRASTRUCTURAL PROBLEMS, AND A WOULD HAVE TO BE INCURRED IN ANY EVENT.
GOVERNMENT HAD DEVISED A ON COST CONTROL, MR YEUNG SAID THE
SYSTEM COMPREHENSIVE REPORTING
IDENTIFY POTENTIAL PROBLEMS EARLY ON, AND ENABLE PROMPT REMEDIAL ACTION TO BE TAKEN.
COULD WHICH
CASH
SYSTEM
ON ALL ACP
IN PARALLEL WITH THIS, A
LIMITING COST CONTROL PROVIDED PROCEDURES FOR MONITORING AND CONTROLLING COSTS PROJECTS CARRIED OUT BY THE GOVERNMENT.
ESTIMATED FIGURES WERE MISUNDERSTANDING
NO INCREASE IN THE STRESSING THAT THERE HAD BEEN COST OF THE GOVERNMENT-FUNDED ELEMENTS OF THE ACP SINCE ANNOUNCED IN JULY LAST YEAR, MR YEUNG SAID THERE WAS OF THE CONCEPT OF MONEY OF THE DAY.
OF COURSE, REPRESENT ANY
CONSTRUCTION
INTO ACCOUNT PERIOD," HE
"MONEY OF THE DAY FIGURES DO NOT, INCREASE IN THE REAL COST OF PROJECTS. THEY SIMPLY TAKE PROJECTED INFLATION OVER THE COURSE OF THE SAID.
BE
TO ALERT
INFLATION'S
WHILE THE GOVERNMENT MUST EFFECT, THE PRESENT MOMENTUM ON THE ACP HAD TO BE MAINTAINED.
POSSIBLE
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