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ACP exhibition in Sha Tin
An exhibition on the Airport Core Programme (ACP), which is being held at the New Town Plaza in Sha Tin, is open daily from 10 am to 8 pm for three days until Saturday (December 24).
The exhibition is one of a series of local exhibitions being organised by the New Airport Projects Co-ordination Office (NAPCO) to keep members of the public abreast of the progress being made on the 10 ACP projects.
The exhibitions have been well received by members of the public and about 100,000 people have attended the exhibitions held so far in various locations, including Lok Fu, Queensway, Tsuen Wan, Tai Koo Shing, Tuen Mun and Causeway Bay.
Officiating at the opening ceremony of the exhibition today (Thursday), the Chairman of the Legislative Council Finance Committee, Mr Andrew Wong, said that the stringent monitoring of ACP progress and cost would continue to remain one of the Finance Committee's prime objectives.
"The Finance Committee will continue to monitor the ACP cost as the ACP financing programme, including equity and loan, progresses further.
"Given such a huge infrastructure programme, it is essential that the funding of the projects is carefully managed and monitored.
"In this respect, the Airport Committee, the Airport Consultative Committee and the Legislative Council all have an important role to play. All parties concerned are kept informed or consulted on the progress, financing and cost of the ACP."
Mr Wong said he was happy to learn that, under the existing cost monitoring mechanism and the fair and open tender system, the ACP cost estimate was reduced from $163.7 billion to $158.2 billion early this year.
"Based on the progress so far, we are convinced that the 10 ACP projects could be completed to the maximum extent possible by mid- 1997 in a cost-effective manner," he said.