7.
TUESDAY, NOVEMBER 8, 1994
"WE THEN NEED THE FINANCIAL SUPPORT AGREEMENT TO BE IN PLACE AS FINANCING QUICKLY AS POSSIBLE, SO THAT THE MTRC CAN COMMENCE ITS DEBT FOR THE PROJECT.
"THE MTRC HAS BEEN MAKING EXCELLENT PROGRESS WITH DESIGN AND PLANNING AND HAS COMPLETED MORE THAN 75 PER CENT OF THE DETAILED DESIGN OF THE PROJECT.
APPROACHING
20 CONTRACTS,
"IT HAS OPTION LETTERS SIGNED ON WHICH CAN GO AHEAD AS SOON AS THE EQUITY COMMITMENT IS APPROVED.
"THE CONTRACTS COVER A VARIETY OF WORK INCLUDING CONSTRUCTION, TRACK LAYING, AND PROVISION OF ROLLING STOCK.
STATION
THAT
"THE TENDERS FOR THESE CONTRACTS HAVE BEEN SUBMITTED ON A HIGHLY COMPETITIVE BASIS, AND IT IS IN THE INTEREST OF HONG KONG THE WHOLE PROJECT SHOULD GO AHEAD WITHOUT DELAY. WITHIN FURTHER TENDERS WILL REACH THE SAME STAGE AND BE READY FOR AWARDING.
WEEKS,
OF
"THE TOTAL VALUE OF THE CONTRACTS SCHEDULED TO BE LET, TOGETHER WITH RELATED SUPERVISION AND OTHER MANAGEMENT COSTS, IS IN EXCESS $23 BILLION.'
A DISCUSSION PAPER OUTLINING THE EQUITY FUNDING REQUEST HAS ISSUED TODAY TO MEMBERS OF THE LEGISLATIVE COUNCIL'S PLANNING
BEEN LANDS AND WORKS PANEL, AND TO MEMBERS OF THE ACC.
IT WILL BE DISCUSSED AT MEETINGS OF THE PANEL AND THE ACC ON NOVEMBER 10, PRIOR TO A MEETING OF FINANCE COMMITTEE LATER THIS MONTH.
DIRECTOR OF CIVIL AVIATION
ATTENDS LEGCO PANEL ON HERCULES ACCIDENT
THE DIRECTOR OF CIVIL AVIATION, MR PETER LOK, TODAY (TUESDAY) CONFIRMED THAT THE HERCULES AIRCRAFT USED TO REPATRIATE VIETNAMESE MIGRANTS FROM HONG KONG WERE PROPERLY AUTHORISED FOR THE CARRIAGE PASSENGERS.
OF
HE WAS BRIEFING A MEETING OF MEMBERS OF THE LEGISLATIVE COUNCIL ECONOMIC SERVICES PANEL ON THE CRASH AT KAI TAK AIRPORT ON SEPTEMBER 23 THIS YEAR OF A HERCULES L-382 OPERATED BY PELITA AIR SERVICE ON A NON-PASSENGER CARRYING FLIGHT.
MR LOK STATED THAT THE AIRCRAFT IN QUESTION WAS AUTHORISED FOR CARRIAGE OF PASSENGERS BY THE COMPETENT AVIATION AUTHORITIES IN INDONESIA, THE COUNTRY IN WHICH THE AIRCRAFT WAS
THE
REGISTERED.
FLIGHTS,
THAT AUTHORISATION APPLIED TO INTERNATIONAL AS WELL AS DOMESTIC
AND RELATED TO FOUR SPECIFIC HERCULES AIRCRAFT OF WHICH CRASHED AIRCRAFT WAS ONE.
THE
/MR LOK