XN000022-1989-09-16 — Page 3

SATURDAY, SEPTEMBER 16, 1989

FACILITIES PROVIDE "PORT. AIRPORT AND

OUR ESSENTIAL LINKS FOR

WE TOURISM AND

SHE SAID. COMMITTED TO THEIR CONTINUOUS UPGRADING AND IMPROVEMENT,

TELECOMMUNICATION TRADE. COMMERCE

THE

AND

ARE

"

SPEAKING ABOUT THE PORT FACILITIES. GOVERNMENT SHOULD SHORTLY BE IN DEVELOPMENT PROGRAMME.

A

POSITION

MRS CHAN SAID THAT THE

то

ANNOUNCE

A MASSIVE

CHAN ENVISAGED

MRS YET, WHILE DETAILS COULD NOT BE RELEASED THAT BY 2006 ALONE. IT WAS LIKELY THAT AN ADDITIONAL 420 LAND WOULD BE REQUIRED FOR CONTAINER TERMINALS AND GENERAL CARGO BERTHS.

HECTARES OF

370 HECTARES FOR

ON PORT OF IN TERMS

"CAPITAL EXPENDITURE OF THE

INFRASTRUCTURE ALONE

WILL DE

ORDER OF US $5 REQUIRED, MUCH

BILLION

от

IT

TURNING

TO

AIRPORT DEVELOPMENTS,

MRS CHAN

SAID

PRIVATE INVESTMENT, SHE SAID.

A FINAL

DECISION ON THE REPLACEMENT AIRPORT SITE WOULD BE MADE SHORTLY.

"THE REPLACEMENT AIRPORT PROJECT WOULD BE INFRASTRUCTURAL PROJECT EVER UNDERTAKEN IN HONG US$4 BILLION IN 1988 DOLLAR TERMS," SHE SAID.

LARGEST THE SINGLE KONG, COSTING SOME

FINDINGS ON FINANCIAL MRS CHAN POINTED OUT THAT CONSULTANTS'

TWO VIABILITY OF THE

ALTERNATIVES AND THE APPROPRIATE FINANCING PACKAGE AND INSTITUTIONAL ARRANGEMENTS FOR IMPLEMENTING ALTERNATIVE HAD SO FAR BEEN ENCOURAGING.

"KE EXPECT CONSIDERABLE

■

PARTICIPATION.' SHE ADDED.

BACH

SCOPE

FOR

PRIVATE

SECTOR

BOOSTER COMMITMENT TO HONG KONG,"

WILL "WE HOPED THAT THIS DECISION

BE A CONFIDENCE SINCE IT IS A VERY CLEAR DEMONSTRATION OF GOVERNMENT'S MEETING THE LONG TERM ECONOMIC AND AIR TRAFFIC NEEDS FOR SHE SAID.

MRS CHAN ALSO DWELT AT LENGTH ON HONG TELECOMMUNICATION SERVICES.

KONG'S DEVELOPMENTS IN

A GOOD FRIEND OF HONG ON CANADA, SHE SAID "CANADA HAS BEEN

GOVERNMENT WAS AMONG KONG'S". THE CANADIAN

ΤΟ THE FIRST

SIGN A THUS KONG,

ENSURING THAT SEPARATE AIR SERVICES AGREEMENT WITH HONG THESE AIR SERVICES WOULD CONTINUE UNINTERRUPTED BEYOND 1997.

CANADA AND HONG KONG HAD HONG KONG'S 13TH

GROWN STEADILY IN RECENT LARGEST TRADING PARTNER.

SHE ALSO NOTED THAT TRADE BETWEEN

YEARS

WAS AND IT

NOW

13