MONDAY, JANUARY 3, 1994
LATE APPLICATIONS WILL NOT BE ACCEPTED, REGISTRATION FEE FOR EACH SUCCESSFUL APPLICANT IS $2,700.
ENQUIRIES SHOULD BE MADE AT THE IMMIGRATION DEPARTMENT HOTLINE
802 9900.
-
GOVT PUBLISHES AIRPORT CORPORATION BILL
FOR CONSULTATION
THE GOVERNMENT
HAS TODAY
GAZETTED (MONDAY)
THE AIRPORT
CORPORATION BILL IN THE FORM OF A WHITE BILL FOR PUBLIC CONSULTATION.
IS TO THE PURPOSE OF THE BILL
RECONSTITUTE THE PROVISIONAL AIRPORT AUTHORITY AS A PERMANENT GOVERNMENT-OWNED ORGANISATION CALLED THE AIRPORT CORPORATION, WHICH WILL BE RESPONSIBLE FOR DEVELOPING OPERATING HONG KONG'S NEW AIRPORT AT CHEK LAP KOK.
THE
POWERS
OF THE
AND
CORPORATION, AND
THE
THE BILL SETS OUT CONTROLS THAT THE GOVERNMENT WILL EXERCISE OVER IT.
IMPORTANT STEP FORWARD AIRPORT AT CHEK LAP кок,
"PUBLICATION OF THIS WHITE BILL IS AN IN THE PROCESS OF PREPARING FOR THE NEW SECRETARY FOR ECONOMIC SERVICES, MR GORDON SIU, SAID TODAY.
HE
THAT ADDED
THE GOVERNMENT COMPLEMENTARY AIMS IN DRAFTING THE BILL.
HAD
HAD
TWO
11
PRIMARY
AND
FLEXIBILITY ΤΟ
AT
CHEK LAP
КОК
"WE NEED TO CREATE A CORPORATION WHICH HAS THE
AIRPORT ACT
AND TO DEVELOP THE COMMERCIALLY IN A COST-EFFECTIVE WAY WITHIN A TIGHT TIME-FRAME.
CONTROLS NEEDED "AT THE SAME TIME, THE GOVERNMENT MUST RETAIN
OF THE AIRPORT'S STRATEGIC TO: PROTECT THE PUBLIC INTEREST BECAUSE
THE GOVERNMENT'S COMPLIANCE WITH IMPORTANCE; ENSURE OBLIGATIONS; AND ENSURE THAT THE GOVERNMENT, AS THE SOLE RECEIVES A REASONABLE RETURN ON ITS INVESTMENT,
INTERNATIONAL SHAREHOLDER,
"THIS IS A
DELICATE
BALANCE
TO
STRIKE
BETWEEN
COMMERCIAL
FREEDOM AND ACCOUNTABILITY TO GOVERNMENT.
"WE OBVIOUSLY CANNOT CREATE
GOVERNMENT-OWNED
CORPORATION TO SUCH WITHOUT CONTROLS, BUT NEITHER CAN WE FETTER THE CORPORATION
INTERNATIONAL MARKETS, AN EXTENT THAT IT IS UNABLE TO RAISE FUNDS IN
AND ATTRACT INVESTORS IN AIRPORT FACILITIES, AND OPERATE COMMERCIALLY FLEXIBLY," MR SIU SAID.
THE BILL
UNDERSTANDING'S THE MASS TRANSIT
(MOU) RAILWAY
FOLLOWED THE MEMORANDUM OF REQUIREMENT THAT IT SHOULD BE MODELLED ON CORPORATION (MTRC) ORDINANCE.
SOME MODIFICATIONS HAVE BEEN NECESSITATED TO TAKE INTO THE DIFFERENCE BETWEEN RUNNING AN DOMESTIC RAILWAY.
INTERNATIONAL
AIRPORT
ACCOUNT AND
A
/"OUR PLAN