XN000022-1990-05-31 — Page 4

THURSDAY, MAY 31, 1990

SECRETARY GIVES JOINT PRESENTATION ON AIRPORT PROJECT

* * * * ‡

EUROPE, THE (MAY 30) GAVE A CORPORATION VICE

ON THE FINAL LEG OF HIS TOUR OF NORTH AMERICA AND SECRETARY FOR WORKS, MR KENNETH KWOK, ON WEDNESDAY JOINT PRESENTATION IN SAN FRANCISCO WITH A BECHTEL PRESIDENT, MR STUART HILL, IN CONNECTION WITH THE NEW AIRPORT PROJECT.

OF ADDRESSING AROUND 150 MEMBERS AND GUESTS AT A LUNCH MEETING

CALIFORNIA, MR KWOK GAVE AN THE HONG KONG ASSOCIATION OF NORTHERN OVERVIEW OF THE PORT AND AIRPORT DEVELOPMENT STRATEGY (PADS).

THE

THE PROJECT HE DESCRIBED THE TRANSPORTATION LINKS INVOLVED IN

IN TYING TOGETHER ALL THE COMPLEX COMPONENTS OF THE AIRPORT DEVELOPMENT FOR A COMMON TARGET DATE.

AND

CO-ORDINATION ROLE

HAD APPOINTED A WORLD-CLASS BECHTEL CORPORATION, AS

FOR THIS REASON, THE GOVERNMENT STATUS PROJECT MANAGER, SAN FRANCISCO-BASED OVERALL PROJECT MANAGER FOR THE WORKS, MR KWOK SAID.

BE INVOLVED IN ENSURING HE EXPLAINED THAT THE COMPANY WOULD THAT THE TRANSPORT INFRASTRUCTURE WAS IN PLACE SIX MONTHS

FULLY IN AIRPORT WAS READY,

CO-ORDINATING

ACTIVITIES AND IN MONITORING THE CASH FLOW.

ALL THE

TURNING TO THE PORT DEVELOPMENT, MR KWOK SAID DIFFERENT TO THE AIRPORT PROGRAMME.

BEFORE THE CONSTRUCTIONAL

THIS

WAS QUITE

PORT

BUT TRIGGER

TO BE DEMAND LED. WE "WE WANT THE PORT EXPANSION PROGRAMME DON'T HAVE A TARGET DATE FOR THE PHYSICAL EXPANSION OF THE WE KEEP A VERY CLOSE MONITOR ON THE THROUGHPUT OF THE PORT TO OFF FURTHER DEVELOPMENT WITH SUFFICIENT LEAD TIME TO MEET THE DEMAND.

AND THIS EIGHT WILL NINE WILL BE AT COMPLETED ALL THE MR KWOK SAID.

"WE HAVE JUST FINISHED CONTAINER TERMINAL NUMBER SIX IS JUST IN OPERATION; NUMBER SEVEN IS BEING BUILT; NUMBER BE CONTIGUOUS WITH STONECUTTERS ISLAND; AND NUMBER TSING YI. AFTER TERMINAL NUMBER NINE WE WILL HAVE CONTAINER TERMINAL DEVELOPMENT AT KWAI CHUNG,

11

ISLAND

"FOR FURTHER EXPANSION, WE WILL COME TO NORTHERN LANTAU

1 WITH CONTAINER TERMINALS AND TO DO WHAT WE CALL A 'PORT PENINSULA

LINK FIXED CROSSING MULTI-PURPOSE TERMINALS, WITH A POSSIBLE SECOND TO HONG KONG ISLAND.

THE

THE US$16

EXPRESSWAY

MR KWOK ASSURED HIS AUDIENCE THAT A GOOD PORTION OF BILLION PORT AND AIRPORT DEVELOPMENT WOULD BE DIRECTLY FUNDED BY GOVERNMENT RESERVES, FOR INSTANCE THE 10-MILE NORTH LANTAU PROJECT, ESTIMATED TO COST AROUND US$700 MILLION.

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