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THURSDAY, AUGUST 13, 1992
WEST KOWLOON RECLAMATION A GOOD DEAL: CS
THE CHIEF SECRETARY, SIR DAVID FORD, TODAY (THURSDAY) DESCRIBED WEST KOWLOON RECLAMATION AS A PRETTY GOOD DEAL
VERY AND A
SUCCESSFUL OPERATION.
THE
SPEAKING TO REPORTERS DURING A VISIT TO THE WEST KOWLOON RECLAMATION SITE, SIR DAVID SAID ABOUT $50 BILLION OF REVENUE COULD BE GENERATED FROM THE SALE OF ABOUT 90 HECTARES OF LAND RECLAIMED.
THIS
"WE'VE SPENT ABOUT $10 BILLION ON THE RECLAMATION IN ALL, $50 BILLION IN REVENUE. I CALL THAT A PRETTY GOOD DEAL AND OBVIOUSLY IS A VERY SUCCESSFUL OPERATION," HE SAID.
HE
SAID THIS RECLAMATION WAS CERTAINLY NEEDED INDEPENDENT THE AIRPORT PROJECT.
"BUT THIS RECLAMATION SERVES MANY PURPOSES," HE SAID.
THE
OF
THE
SECRETARY SAID THIS WAS ESSENTIAL CHIEF
ΤΟ RELIEVE TRANSPORT CONGESTION ON THE NATHAN ROAD CORRIDOR, AND TO REDEVELOP AND REDESIGN YAU MA TEI AND MONG KOK.
"EVEN IF WE HAVE NOT BEEN BUILDING THE AIRPORT, THIS RECLAMATION WOULD STILL HAVE BEEN NECESSARY.
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"BUT CLEARLY WE'RE MAKING THE BEST VALUE-FOR-MONEY OUT OF IT BY
TWO PURPOSES SERVING
NEEDED THE TRANSPORT INFRASTRUCTURE WHICH IS TO RELIEVING NATHAN ROAD AND OF COURSE TO PROVIDE NEW LINKS AIRPORT, SIR DAVID SAID.
TO THE
HE SAID HE DID NOT BELIEVE THAT THE COST OF THIS PROJECT
WOULD
RISE.
AS FOR
SAID THE SITE FORMATION OF THE NEW AIRPORT, HE WOULD BE COST IMPLICATIONS IF IT WERE DELAYED FOR A LONG TIME.
THERE PERIOD OF
"EVERY MONTH IS CRUCIAL IN TERMS OF TIMING. WE STILL HAVE PLANNING DATE OF JUNE 1997. IT'S THE TARGET DATE OF THE AIRPORT.
THE
AS
"
"BUT AS THIS HAPPENS, SO THEY BECOME MORE IN QUESTION, AND THE MONTHS GO BY, SO THE COSTS RISE. NOTHING IS PENALTY FREE, REALLY, HE SAID.
SAID ALSO
SIR DAVID
THE GOVERNMENT WAS NOT AWARE PROPOSAL FROM THE CHINESE SIDE ON AIRPORT FINANCIAL ARRANGEMENT.
OF
ANY
"WE'VE GIVEN DETAILED EXPLANATION OF THE FINANCIAL ARRANGEMENT AS I HAVE SAID AND WE'RE WAITING FOR THEM NOW TO CONSIDER THOSE AND TO COME BACK, SIR DAVID ADDED.
HE SAID THERE WAS NO SET MEETING YET FOR THE AIRPORT OF THE JOINT LIAISON GROUP.
COMMITTEE
TO
COME
"THAT WILL DEPEND REALLY WHEN WE FEEL WE CAN MAKE SOME PROGRESS AND THAT WILL DEPEND ON WHEN THE CHINESE SIDE ARE PREPARED BACK AND TALK TO US," HE SAID.
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