5
FRIDAY, FEBRUARY 25, 1994
"THIS
DISPARITY
BE
WIDENED
THE
SINGAPORE LATE IN
WILL
WHEN INTERNATIONAL CONVENTION AND EXHIBITION CENTRE IS COMPLETED 1994, HE SAID.
**
THE EXTENSION WILL BE BUILT ON AN ISLAND RECLAMATION IN OF THE CONVENTION CENTRE.
FRONT
HONG
"THE CONSTRUCTION OF THE PROJECT WILL BE ENTRUSTED TO THE KONG TRADE DEVELOPMENT COUNCIL WHICH HAS HAD LONG EXPERIENCE IN THE OWNERSHIP OF BOTH DEVELOPMENT AND MANAGEMENT OF THE EXISTING CENTRE.
THE GOVERNMENT, ISLAND AND BUILDING WILL REMAIN SPOKESMAN SAID.
THE
WITH
ון
THE
SOME
4,000
THE EXTENSION WILL HOUSE THREE EXHIBITION HALLS PROVIDING 26,000 SQUARE METRES OF EXHIBITION SPACE, A CONVENTION HALL FOR
AS MEETING ROOMS AND ΤΟ 4.500
AND OTHER FACILITIES SUCH
ΤΟ IS EXPECTED THE EXTENSION CONSTRUCTION COMPLETED BY MID-1997.
PEOPLE
RESTAURANTS.
OF
BE
FUNDING,
WELCOMING THE FINANCE COMMITTEE'S DECISION TO APPROVE
PROJECT WOULD BRING MAJOR ECONOMIC SAID THE NEW SPOKESMAN BENEFITS TO HONG KONG.
THE
WILL ORDERS
BE WILL
"VISITORS' SPENDING WILL INCREASE AND EXPORT BOOSTED. THE TOTAL QUANTIFIABLE VALUE TO THE HONG KONG ECONOMY
HE SAID. BE IN THE ORDER OF $10 BILLION A YEAR,
++
MECHANISM UNDER
ΤΟ ENSURE
THE SPOKESMAN SAID A PROJECT MONITORING AND CONTROL IN THE FORM OF A PROJECT CONTROL COMMITTEE HAD BEEN ESTABLISHED THE CHAIRMANSHIP OF THE SECRETARY FOR TRADE AND INDUSTRY THAT THE EXTENSION WOULD BE COMPLETED WITHIN BUDGET BY THE TARGET DATE OF JUNF 1997.
AS
OF EXTENSION
TRADE THE
THE COMMITTEE ́S MEMBERSHIP INCLUDES THE CHAIRMAN OF THE
AS WELL
REPRESENTATIVES SENIOR COUNCIL DEVELOPMENT GOVERNMENT POLICY BRANCHES AND DEPARTMENTS INVOLVED IN THE PROJECT.
RESPONDING TO THE CONCERNS VOICED BY SOME LEGISLATIVE
OF ANY MANAGEMENT MEMBERS, THF SPOKESMAN CONFIRMED THAT THE TERMS CONTRACT WOULD REQUIRE PRIOR GOVERNMENT APPROVAL.
COUNCIL
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