XN000022-1988-10-20 — Page 11

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THURSDAY, OCTOBER 20, 1988

ANOTHER INVOLVEMENT WOULD BE THE DELAY IN THE

CONSTRUCTION OF

THE TOWN CENTRE AND OTHER COMMUNITY FACILITIES, HE NOTED.

OF

MR BARNES SAID THE THEORETICAL COST OF THE EXERCISE, EXCLUDING

COULD BE TAKEN AS THE COST MTRC AND EXPO CONSTRUCTION COSTS,

SERVICING PROGRAMME, NOW COMPRESSING A NINE-YEAR LAND-FORMATION AND ESTIMATED AT $1.5 BILLION INTO SEVEN YEARS.

17 WOULD ALSO INVOLVE COMPRESSING THE PUBLIC HOUSING PROGRAMME, 1991 AND 1998, ESTIMATED FOR ABOUT $1.4 BILLION TO BE SPENT BETWEEN WHICH NOW AVERAGED AT ABOUT $200 MILLION PER ANNUM.

FIVE YEARS

"TO COMPLETE IT IN

WOULD RAISE THE THEORETICAL ANNUAL AVERAGE EXPENDITURE TO $280 MILLION, MR BARNES SAID.

11

"

THEORY; AND

HE ADDED.

I WILL

"BUT THIS IS JUST FOR BASICS AND THIS IS EMPHASISE THAT HASTE TOO WOULD HAVE ITS OWN PRICE,

THE HOUSING RESULT IN INEVITABLE THAT WOULD ALSO BE SEEN AS

SAID THE COMPRESSED MR BARNES

OF DEVELOPMENT PROGRAMME AND THE CONSTRUCTION OF THE EXPO TO FOLLOW WOULD A CRASH PROGRAMME, IMPOSED AT A TIME WHEN IT SEEMED MOST OF THE MAIN INFRASTRUCTURAL PROGRAMMES "CRASH" PROGRAMMES.

THESE WOULD INCLUDE THE NEW AIRPORT; MAJOR NEW PORT FACILITIES; AIRPORT AND THE TRUNK ROADS, BRIDGES AND TUNNELS NECESSARY TO SERVE

CONTINUED

NEW EXPANSION OF NEW PORT FACILITIES; THE

TOWNS; MAJOR ΤΟ WEST RECLAMATION AROUND THE HARBOUR; A MAJOR ROAD FROM THE BORDER

SEWAGE AND FLOOD PROTECTION AS KOWLOON; AND SUBSTANTIAL WORKS FOR PART OF THE MAJOR ENVIRONMENTAL IMPROVEMENT PROGRAMME.

MR BARNES SAID THESE MAJOR PROJECTS, IN THE 90'S, WOULD NOT BE THE ONLY ONES AFFECTED.

WHICH WOULD BE

UNDERWAY

HE SAID THESE "CRASH" PROGRAMMES COULD RESULT IN COMPETITION WHICH COULD BECOME FOR LIMITED FINANCIAL AND CONSTRUCTION RESOURCES, SCARCE AND MORE EXPENSIVE.

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