XN000022-1990-01-05 — Page 3

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FRIDAY, JANUARY 5, 1990

CLEARLY THE PADS PROJECTS WOULD GENERATE A

SUBSTANTIAL AMOUNT

OF BUILDING AND CONSTRUCTION ACTIVITY IN THE 1990'S, SHE POINTED OUT.

EXPENDITURE ABOUT 18 PER

"IN THE YEAR OF PEAK

AND CONSTRUCTION BUILDING (1993), THE PADS-RELATED WORKS ARE EXPECTED TO TAKE UP CENT OF THE PROJECT CAPACITY OF THE CONSTRUCTION INDUSTRY.

OTHER "TAKEN TOGETHER WITH CONCURRENT DEMANDS FROM A NUMBER OF

BOTH

THE IN

PUBLIC AND MAJOR DEVELOPMENT PROGRAMMES

THE PRIVATE CONSTRUCTION INDUSTRY CAN BE SECTORS, EVEN HEAVIER PRESSURE ON THE EXPECTED.

"IT IS LIKELY THAT THIS DEMAND FOR PUT UPWARD PRESSURES ON CONSTRUCTION WAGES, CONSTRUCTION COSTS, SHE SAID.

CONSTRUCTION LABOUR WOULD AND THUS PUSH UP UNIT

SECTORS

INFLATIONARY IMPACT ON MRS CHAN NOTED THAT IN DUE COURSE THE THE CONSTRUCTION SECTOR WAS EXPECTED TO FEED THROUGH TO OTHER OF THE ECONOMY, PRINCIPALLY THROUGH THE LABOUR MARKET.

THE CONSTRUCTION SKILLS FROM OTHER HAVE ΤΟ RAISE TO RETAIN

"THIS IS BECAUSE THE HIGHER WAGES OFFERED BY INDUSTRY WOULD ATTRACT WORKERS POSSESSING SIMILAR INDUSTRIES, AND THE INDUSTRIES THEREBY AFFECTED WOULD WAGES AND IMPROVE WORKING CONDITIONS AND BENEFITS IN ORDER THEIR WORKERS," SHE SAID.

ON THE REGARDING THE INFLATIONARY IMPACT OF THE PADS PROJECTS

SECTORS, MRS CHAN SAID CONSTRUCTION INDUSTRY AND ON OTHER ECONOMIC IT WAS DIFFICULT AT THIS STAGE TO QUANTIFY THIS.

AND "MUCH DEPENDS ON THE STATE OF THE ECONOMY AND OTHER PUBLIC

TIME, AS PRIVATE SECTOR DEMANDS ON THE CONSTRUCTION INDUSTRY AT THAT

ACHIEVE SIGNIFICANT WELL AS ON WHETHER THE CONSTRUCTION INDUSTRY CAN PRODUCTIVITY IMPROVEMENTS.

THAT

IS CONCERNED, IT "AS FAR AS THE PUBLIC SECTOR THE

PAUS AND VARIOUS

NON-PADS RELATED PRIORITISED AND IMPLEMENTED SYSTEMATICALLY WITH THE STRAIN ON THE CONSTRUCTION INDUSTRY AND PRESSURES.

"STEPS SHOULD ALSO BE TAKEN IMPROVEMENTS IN THE CONSTRUCTION INDUSTRY.

IS IMPORTANT PROJECTS SHOULD A VIEW TO REDUCING THE LIKELY INFLATIONARY

BE

TO ENCOURAGE

PRODUCTIVITY

WELL ENSURE AN SELECTIVE

"HOWEVER, IN ORDER TO KEEP CONSTRUCTION COSTS DOWN IT MAY

TO ARRANGEMENTS BE NECESSARY TO

EXCEPTIONAL CONSIDER ADEQUATE SUPPLY OF CONSTRUCTION LABOUR, FOR EXAMPLE THROUGH IMPORTATION ON A PROJECT-ORIENTED BASIS,

SHE SAID.

TO

EARLIER, MRS CHAN POINTED OUT THAT IF THE GOVERNMENT FAILED

SUBSTANTIAL ECONOMIC PROVIDE ADEQUATELY FOR HONG KONG'S AIR TRAFFIC,

AMOUNT ΤΟ $101 BILLION DISBENEFITS, ESTIMATED BETWEEN 1996 AND 2010, WOULD BE INCURRED.

BY CONSULTANTS

TO

N

/THE FIRST