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During his visit, Mr Tsang will call on senior govemment officials and meet with leading businessmen of the three Asian economies. He will also attend business seminars and make keynote speeches.
The Financial Secretary will also take the opportunity of the visit to update the three cities on the latest developments in Hong Kong.
While in Singapore, Mr Tsang will officially open the Hong Kong Economic and Trade Office (HKETO) and the HKTA Office. The HKETO has been in operation since last August to strengthen economic and trade ties with Singapore and other ASEAN countries.
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Aircraft maintenance and aircraft ramp handling franchises
At a meeting between the British and Chinese Senior Representatives of the Sino-British Joint Liaison Group held today (Monday), the British and Chinese sides reached a common view on the franchises for the provision of aircraft maintenance services and aircraft ramp handling services at the new airport at Chek Lap Kok to be awarded by the Airport Authority.
The Airport Authority will award two 10-year franchises for the provision of aircraft line maintenance services to China Aircraft Services Limited and Pan Asia Pacific Aviation Services Limited, as well as a 20-year franchise for the provision of aircraft line and base maintenance services to Hong Kong Aircraft Engineering Company Limited.
As regards aircraft ramp handling services, three 10-year franchises will be awarded to Hong Kong Airport Services Limited, CLK Airport Ground Handling Limited and Ogden Aviation (Hong Kong) Limited.
The Secretary for Economic Services, Mr Gordon Siu, welcomed the agreement.
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"We are glad to see a common view being reached on these two important franchises for the new airport in accordance with the Sino-British Memorandum of Understanding Concerning the Construction of the New Airport in Hong Kong and Related Questions. The new airport project has been making excellent progress. This latest agreement marks another major step forward in the development of the new airport towards target opening in April 1998," said Mr Siu.
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