XN000022-1990-04-25 — Page 17

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WEDNESDAY, APRIL 25, 1990

14

POSITION TO 'ALTHOUGH IT WILL BE SOME TIME BEFORE WE ARE IN A

THE EXPRESSION OF TAKE FINAL DECISIONS ON FUNDING WE KNOW, BASED ON

ELEMENTS IN THE OVERALL INTEREST RECEIVED SO FAR, THAT MANY OF THE PROGRAMME ARE LIKELY TO PROVE ATTRACTIVE TO THE PRIVATE INVESTOR.

EXISTING CONTAINER SECTOR, WE EXPECT THAT OF THE MULTI-PURPOSE INTERESTED IN ORGANISATIONS

SAME WAY THAT THE "FOR EXAMPLE, IN THE TERMINALS HAVE BEEN FINANCED BY THE PRIVATE

AS WELL AS SOME THE NEW CONTAINER TERMINALS,

FINANCED BY ALSO BE TERMINALS, WILL PROVIDING SUCH FACILITIES.

"ALSO WITH REGARD TO

THE NEED

FOR ADDITIONAL PUBLIC CARGO WE BELIEVE

WORKING AREAS, SINCE THESE AREAS FULFIL A COMMERCIAL NEED,

PRIVATE SECTOR TO HAVE A THERE MAY WELL BE SCOPE FOR ALLOWING THE ROLE IN THEIR OPERATION, THAT IS WE ARE CONSIDERING PRIVATISING THEM, SHE SAID.

FIXED

MRS CHAN SAID THE GOVERNMENT EXPECT THE LANTAU AND WESTERN HARBOUR CROSSING TO BE COMPLETELY FINANCED BY THE SECTOR.

CROSSING

PRIVATE

"WITH REGARD TO THE AIRPORT PROJECT, WHILE THE INITIAL WILL BE PROVIDED BY THE GOVERNMENT, ONCE THE AIRPORT AUTHORITY

COMPLETE THE PROJECT WILL BE PLACE, MUCH OF THE FINANCE NEEDED TO RAISED THROUGH BORROWINGS.

FUNDING IS IN

+

AT

PRIVATE INVESTMENT "THERE WILL, HOWEVER, ALSO BE OPENINGS FOR

AT ALTHOUGH, AIRPORT THE

THIS

THE STAGE,

EXTENT

THESE OPPORTUNITIES HAVE NOT BEEN FULLY DETERMINED, SHE ADDED.

OF

REGARDING THE

INFLATIONARY IMPACT

IMPACT

PADS PROJECTS

MIGHT BRING ABOUT, MRS CHAN SAID IT WAS NOT POSSIBLE AT THIS STAGE

CONSTRUCTION INDUSTRY QUANTIFY SUCH ECONOMIC SECTORS.

THE WHICH

סין

ON THE

THE

CONSTRUCTION INDUSTRY IMPROVEMENTS.

"MUCH DEPENDS ON OTHER PUBLIC AND

INDUSTRY AT THAT CONSTRUCTION

CAN ACHIEVE

PRIVATE

SECTOR

TIME,

AND SIGNIFICANT

ON WHETHER THE

DEMANDS

ON

PRODUCTIVITY

NOR ON OTHER

"

IS

IT IS CONCERNED,

IMPORTANT PROJECTS ARE PRIORITISED то A MINIMUM

'AS FAR AS THE PUBLIC SECTOR THAT THE VARIOUS PADS AND NON-PADS RELATED AND IMPLEMENTED SYSTEMATICALLY WITH A VIEW TO REDUCING THE STRAIN ON THE CONSTRUCTION INDUSTRY.

"STEPS ALSO NEED ΤΟ BE TAKEN TO ENCOURAGE

SHE SAID. IMPROVEMENTS IN THE CONSTRUCTION INDUSTRY,

MRS CHAN ADDED THAT THE GOVERNMENT WOULD BE KEEPING WATCH OVER THE SITUATION.

PRODUCTIVITY

A

CAREFUL

/"IF NECESSARY