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Construction of CT9
Following is a question by the Hon Samuel Wong and a written reply by the Secretary for Economic Services, Mr Stephen Ip, in the Legislative Council today (Wednesday):
Question:
Will the Government inform this Council of the latest progress regarding the construction of Container Terminal No. 9 on Tsing Yi Island and the scheduled date of completion of the project?
Reply:
Mr President,
We are negotiating with the developers on the detailed land grant conditions for Container Terminal No. 9 (CT9). The negotiations are expected to be completed and the site handed over to the developers for construction work to begin by the end of this year. Allowing about 24 months for the construction of the terminal, the first berth of CT9 is expected to come into operation by the end of 1999, followed by other berths at six-month intervals. The timing is in line with the current forecast requirement dates for the berths of CT9 under the Port Cargo Forecasts endorsed by the Port Development Board.
End
Land Fund
Following is a question by the Hon Eric Li and a written reply by the Secretary for the Treasury, Mr K C Kwong, in the Legislative Council today (Wednesday):
Question:
As the Government records revenues derived from land sales on a cash accounting basis, will the Government inform this Council: