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FRIDAY, OCTOBER 6, 1989
DR BRAND SAID THE CONTRACT WAS PART OF A $2.4 BILLION PACKAGE OF LONG-TERM IMPROVEMENTS AND EXPANSION FOR THE AIRPORT RECOMMENDED BY A GOVERNMENT-COMMISSIONED CONSULTANCY STUDY COMPLETED IN JANUARY THIS
EAR.
THE WORKS INCLUDE THE CONSTRUCTION OF 81,000 SQUARE METRES CONCRETE AIRCRAFT PAVEMENT. TO THE WEST OF EASTERN ROAD, FOUR PRIMARY PARKING POSITIONS WILL BE PROVIDED, EACH CAPABLE ACCOMMODATING A B747/400 AIRCRAFT.
OF
NEW OF
OTHER PARKING POSITIONS WILL BE CREATED IN THE TURFED AREA OF THE MAINTENANCE APRON. THIS WILL MEAN THAT THE AIRPORT WILL EVENTUALLY BE ABLE TO ACCOMMODATE OVER 55 PARKED AIRCRAFT.
OTHER ANCILLARY WORKS COVERED BY THE $118 MILLION CONTRACT INCLUDE THE PROVISION OF APRON FLOODLIGHTING, UNDERGROUND FUEL SUPPLIES, SECURITY FENCING, APRON MARKINGS, MARSHALLING PLATFORMS AND A DRAINAGE SYSTEM.
DR BRAND NOTED THAT THE INSTALLATION OF A 400-HERTZ FIXED UNDERGROUND POWER SYSTEM FOR THE PARKING BAYS WAS ONE OF THE MORE NOTABLE IMPROVEMENT FEATURES OF THE CONTRACT.
"THIS WILL REDUCE THE NOISE AND AIR NUISANCE CAUSED BY AIRCRAFT GROUND OPERATIONS, BECAUSE IT WILL REDUCE THE NEED FOR MOBILE GENERATORS AND FOR AIRCRAFT TO USE THEIR AUXILLARY POWER SYSTEM," HE EXPLAINED.
CONSTRUCTION WILL BEGIN LATER THIS MONTH AND WILL TAKE ABOUT 25 MON HS TO COMPLETE.
BANKING LICENCE REVOKED
A GOVERNMENT SPOKESMAN SAID TODAY (FRIDAY) THAT THE BANKING LICENCE OF WELLS FARGO BANK, N.A., HAS BEEN REVOKED BY THE GOVERNOR IN COUNCIL AT THE REQUEST OF THE BANK.
"THE GIVING-UP OF THE BANKING LICENCE IS PART OF THE BANK'S STRATEGIC DECISION TO SCALE DOWN ITS INTERNATIONAL BUSINESS IN ORDER TO CONCENTRATE ON ITS BUSINESS IN CALIFORNIA.
"THE BANK, HOWEVER, INTENDS ΤΟ MAINTAIN A REPRESENTATIVE OFFICE IN HONG KONG". THE SPOKESMAN SAID.
AFTER THE REVOCATION, THERE ARE 167 LICENSED BANKS IN HONG KONG, OF WHICH 135 ARE INCORPORATED OUTSIDE HONG KONG.
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