XN000022-1990-03-10 — Page 5

SATURDAY, MARCH 10, 1990

PORT DEVELOPMENT PROGRAMME AMBITIOUS YET REALISTIC

HIGHLY AMBITIOUS BUT THE WHOLE PORT DEVELOPMENT PROGRAMME IS

ANSON IT IS ALSO REALISTIC, THE SECRETARY FOR ECONOMIC SERVICES, MRS CHAN, SAID THIS (SATURDAY) EVENING.

OF ALL TRANSPORT FACILITIES" SINGLING OUT THIS "MOST UNSUNG FOR MENTION IN A SPEECH AT THE ANNUAL BALL OF THE CHARTERED

NOTED THAT "THE GREAT THING CHAN MRS OF TRANSPORT, DEVELOPMENT IS THAT IT IS INCREMENTAL".

ABOUT

INSTITUTE PORT

WE DON'T HAVE THE LUXURY OF "HONG KONG IS A SMALL PLACE

WE OPTIMISE WIDE OPEN SPACES WITHIN WHICH TO WORK, SO WE MUST ENSURE OUR RESOURCES.

— —

"IF CARGOES INCREASE AT

RATES

DIFFERENT FROM

THOSE WE NOW

PREDICT, THEN THE PACE OF DEVELOPMENT CAN SLOW DOWN OR QUICKEN.

POINT

TRY WE

TO PRINCIPLE, OF "AS A

MATCH RESOURCES, WITH NEITHER ONE GREATLY OUTPACING THE OTHER.

PRIVATE ENCOURAGED

"IN THE PAST THIS HAS AND WE HOPE TO SUSTAIN THIS APPROACH IN THE FUTURE,

DEMANDS WITH

SECTOR INVOLVEMENT

SHE SAID.

THE

CARGO

HONG KONG

MRS CHAN POINTED OUT THAT AT PRESENT 75 PER CENT OF WAS GENERATED OR ABSORBED DOMESTICALLY WHILE THE REST WAS TRANSHIPMENT

EITHER GOING TO OR COMING FROM CHINA, OR MOVING BETWEEN AND REGIONAL PORTS.

KONG BY SEA: IT HAS OF OUR PORT TRAFFIC, AND I

"MUCH OF THE CHINA TRADE COMES TO HONG ALWAYS BEEN THE MOST VOLATILE SEGMENT SUPPOSE IT WILL CONTINUE TO BE.

AND "BUT IT HAS SHOWN AN ENORMOUS GROWTH IN THE PAST FEW YEARS

TERM INDUSTRIAL OUTPUT THERE IS NO REASON TO THINK THAT IN THE LONG

IMPORT OF ESSENTIAL

CHINA,

THE OR

NEED FOR THE IN SOUTHERN COMMODITIES, WILL DIMINISH," SHE SAID.

MRS CHAN SAID THAT THIS

AGAIN REINFORCED

THE VALUE OF THE

INCREMENTAL APPROACH TO THE CONSTRUCTION OF PORT FACILITIES.

PORT CARGO

"IT ALSO HIGHLIGHTS THE NEED TO CONSTANTLY MONITOR THROUGHPUT AND ADJUST AS NECESSARY THE BALANCE OF FACILITIES REQUIRED OF WE MUST PROVIDE THE RIGHT TYPE IN THE LIGHT OF CHANGING DEMANDS

PRICE TO DEAL WITH THESE

FACILITY AT THE RIGHT TIME AND THE RIGHT

CHANGING DEMANDS.

"THE

PORT DEVELOPMENT

BOARD,

WHICH

HOPE WE

TO

SHE SAID.

ESTABLISH

SHORTLY WILL BE EXPECTED TO UNDERTAKE THIS ROLE,

/LOOKING BACK