WEDNESDAY, JUNE 22, 1994
3
ADVANCE FUNDING NEEDED FOR AIRPORT PROJECT
* * *
THE
FINANCIAL SECRETARY, THE HON SIR HAMISH MACLEOD, TOLD THE LEGISLATIVE COUNCIL THAT HE HOPED THE FINANCE COMMITTEE WOULD APPROVE
FURTHER $15 BILLION IN ADVANCE FUNDING FOR THE NEW AIRPORT ON JULY 1.
A
PROJECT
"THIS CRUCIAL NEXT STEP MUST BE TAKEN WITHOUT FURTHER DELAY WE ARE TO MAINTAIN PROJECT MOMENTUM.
IF
I
WE
ARE MEANWHILE CONTINUING OUR TALKS WITH THE CHINESE SIDE NEXT AND I AM SURE WE ALL HOPE THAT GOOD PROGRESS WILL BE MADE AT THE MEETING OF THE AIRPORT COMMITTEE TO BE HELD THIS FRIDAY," HE SAID.
THE
OF HE WAS TABLING THE ANNUAL REPORT AND AUDITED ACCOUNTS PROVISIONAL
1991. AIRPORT AUTHORITY FOR THE YEAR ENDED MARCH 31,
HE SAID THE PROVISIONAL AIRPORT AUTHORITY WAS
ITS INTENSIFY
ACTIVITIES IN COMMERCIAL,
AND OPERATIONAL PLANNING, FOLLOWING THE ACHIEVEMENTS MADE IN THE PAST YEAR.
READY
TO
FINANCIAL
"IT
ALSO IT
READY ΤΟ UNDERTAKE THE NEXT MAJOR STEP IN BUILDING, THE CONSTRUCTION OF THIS PROJECT, COMPRISING THE TERMINAL FIRST RUNWAY AND OTHER ESSENTIAL AIRPORT INFRASTRUCTURE FACILITIES. HE SAID.
14
SIR HAMISH SAID THE REPORT TABLED SHOULD BE THE LAST ONE ISSUED RY THIS PROVISIONAL BODY.
"WE AIM TO INTRODUCE THE AIRPORT CORPORAT FON BILL AS SOON AS WE CHINESE CAN TO THIS COUNCIL AFTER OUR CURRENT CONSULTATIONS WITH THE SIDE HAVE BEEN COMPLETED.
TT
OF
HE NOTED THAT ONLY THREE YEARS REMAINED IN THE CONTEXT GOVERNMENT'S COMMITMENT UNDER THE MEMORANDUM
UNDERSTANDING TO OF COMPLETE THE AIRPORT TO THE MAXIMUM EXTENT POSSIBLE BY THE END OF JUNE IN 1997.
**THE
IT OUT,"
IS
HE
TASK AUTHORITY'S
15 THUS A FORMIDABLE ONE AND ESSENTIAL THAT WE GIVE IT THE NECESSARY TOOLS TO CARRY IT SAID.
THESE
TOOLS ARE: FURTHER FUNDING; AGREEMENT WITH SIDE ON FINANCING ARRANGEMENTS; ENACTMENT OF THE AIRPORT BILL; AND PROGRESS ON AIRPORT FRANCHISES.
THE CHINESE CORPORATION
/4