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WEDNESDAY, AUGUST 26, 1992
THAT
"IT EQUALLY MAKES THE GREATEST POSSIBLE SENSE TO ENSURE WHERE LANDS ARE SURPLUS TO MILITARY REQUIREMENTS, THEY'RE AVAILABLE FOR CONTINUED DEVELOPMENT FOR ECONOMIC AND SOCIAL PURPOSES.
"WE'VE ALREADY SEEN SOME OF THE ADVANTAGES OF THOSE SORT OF RE- DEVELOPMENTS AND WE'LL SEEN MANY MORE OVER THE NEXT FEW YEARS. HONG KONG HASN'T STOOD STILL FOR THE LAST FEW DECADES AND IT'S CERTAINLY NOT GOING TO STAND STILL FOR THE NEXT FEW," HE SAID.
AIRPORT PROJECT COST EFFECTIVE
OF
NO ARRANGEMENTS HAVE BEEN PUT IN PLACE YET FOR THE NEXT MEETING THE AIRPORT COMMITTEE, THE CHIEF SECRETARY, SIR DAVID FORD, SAID TODAY (WEDNESDAY).
IN REPLY TO A QUESTION BY REPORTERS AFTER OFFICIATING AT THE GROUND-BREAKING CEREMONY OF THE LAND DEVELOPMENT CORPORATION'S SOY STREET RESIDENTIAL PROJECT, SIR DAVID SAID: "WE ARE LOOKING FORWARD TO THAT MEETING.
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"WE WILL BE VERY INTERESTED TO SEE WHAT THE CHINESE HAS TO SAY ABOUT OUR PROPOSALS. WE BELIEVE THAT THEY ARE EFFECTIVE PROPOSALS,
GOVERNMENT
VERY COST
INDEED, I
"WE ARE PROCEEDING WELL WITH THE ARRANGEMENTS AND, THINK THE EFFECTIVENESS OF OUR PROPOSAL HAS BEEN WELL BORNE OUT IN RECENT MONTHS.
"WE HAVE NOW LET NO LESS THAN $29 BILLION WORTH OF CONTRACTS. TENDERS HAVE COME IN WITHIN BUDGET. THAT'S A SUBSTANTIAL PART OF THE WHOLE OF THE AIRPORT CORE PROGRAMME.
** "AND WE WERE VERY PLEASED THAT WE HAVE BEEN ABLE TO INSTITUTE COST CONTROL MEASURES WHICH HAVE ENABLED BOTH CONTRACTS AND THOSE TENDERS TO COME IN WITHIN THE PRICE.
"I THINK THAT'S A VERY GOOD EVIDENCE OF WE HAVE THE PROJECT WELL UNDER CONTROL. IT'S FINANCIALLY VIABLE, IT'S COST EFFECTIVE, AND OF COURSE WE BELIEVE IT'S GOOD FOR HONG
KONG," THE CHIEF SECRETARY ADDED.
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