XN000022-1988-06-08 — Page 3

WEDNESDAY, JUNE 8, 1988

"THE INITIAL TOLLS, RANGING FROM $4 FOR PRIVATE CARS TO $8 HEAVY GOODS VEHICLES, ARE SPECIFIED IN THE SCHEDULE.

FOR

"THIS CAN ONLY BE VARIED WITH THE AGREEMENT OF THE GOVERNOR

BOTH

AND GOVERNMENT

THE COMPANY MAY COUNCIL, FAILING WHICH ARBITRATION,"

PART X CONTAINED AN IMPORTANT PROVISION FOR THE THE FRANCHISE IF THE COMPANY WAS IN DEFAULT.

IN

SEEK

REVOCATION OF

ΤΟ

BE

UNDER WHICH HE SAID IT PUT DOWN, IN DETAIL, THE CIRCUMSTANCES

IN DEFAULT AS WELL AS THE COMPANY WOULD BE REGARDED AS BEING

THE

GONE THROUGH

THE BEFORE

COMPANY'S

THE COMPANY

PROCEDURES WRICH HAVE FRANCHISE COULD BE REVOKED.

REVOCATION WOULD BE THE ULTIMATE SANCTION AGAINST IF IT FAILED TO FULFILL ITS PRIMARY OBLIGATIONS.

VITAL NEW AND URBAN THE

MR LEUNG SAID THAT TATE'S CAIRN TUNNEL WOULD FORM A LINK BETWEEN THE FAST DEVELOPING NORTHEAST NEW TERRITORIES KOWLOON AND WOULD BRING LONG-TERM RELIEF TO TRAFFIC CONGESTION AT LION ROCK TUNNEL.

DIAMOND HILL

HE SAID.

"IT WILL STRETCH FROM SIU LIK YUEN IN SHA TIN TO IN KOWLOON. ITS LENGTH IS 3.9 KM, THE LONGEST IN HONG KONG,

PART "IT WILL ALSO FORM

OF A GREATER NETWORK LINKING THE EASTERN HARBOUR CROSSING, WHICH IS NOW UNDER CONSTRUCTION, ALL THE WAY TO TOLO HIGHWAY.

WHILE THIS $2

BILLION

PRIVATE SECTOR, GOVERNMENT WILL PARTS OF THIS GREATER NETWORK.

PROJECT WILL BE UNDERTAKEN BY TAP

CONSTRUCT SIMULTANEOUSLY

THE OTHER

NEK

BYPANS AND "THESE INCLUDE, ON THE KOWLOON SIDE, THE KWUN TONG

TIN SIDE, THE PRINCE EDWARD ROAD INTERCHANGE AND, ON THE SHA

APPROACH ROADS BRIDGE ACROSS SHING MUN RIVER, THE T5 HIGHWAY AND THE TO THE NORTHERN PORTAL OF THE TUNNEL.

BY PRIVATISING THE TATE'S MR LEUNG SAID THAT

CAIRN OTHER IMPORTANT CAPITAL PROJECT, FUNDS COULD BE RELEASED FOR PROJECTS WHICH MIGHT OTHERWISE BE CARRIED OUT AT A LATER DATE.

TUNNEL WORKS

THE GOVERNMENT WOULD ALSO RECEIVE

ROYALTY PAYMENTS FROM

THE

COMPANY WHEN IT BEGAN OPERATION.

THE PRIVATE SECTOR WHEN

IN MAY LAST YEAR, WERE OF HIGH QUALITY,

REFERRING TO THE KEEN RESPONSE FROM THE GOVERNMENT INVITED PROPOSALS FOR THE PROJECT MR LEUNG SAID ALL THE SIX PROPOSALS RECEIVED OFFERING ATTRACTIVE TERMS.

/THE GOVERNMENT