XN000022-1990-06-29 — Page 4

FRIDAY, JUNE 29, 1990

3

ADVANCE FOR PROVISIONAL AIRPORT AUTHORITY APPROVED

OF

AUTHORITY

ΤΟ

THE FINANCE COMMITTEE TODAY (FRIDAY) APPROVED A COMMITMENT

THE $20 MILLION AS AN ADVANCE TO

PROVISIONAL AIRPORT FINANCE ITS ESTABLISHMENT AND INITIAL OPERATION.

ON OCTOBER 10 LAST YEAR, THE GOVERNOR IN COUNCIL ORDERED,

UP то INTER ALIA, THAT A PROVISIONAL AIRPORT AUTHORITY SHOULD BE SET

DEVELOPMENT PI'EPARE FOR THE

OF THE REPLACEMENT AIRPORT AND THAT AUTHORITY SHOULD

ΤΟ ESTABLISHED

CARRY AND MANAGEMENT OF THE

SUBSEQUENTLY AN AIRPORT FORWARD THE PLANNING, FUNDING, AIRPORT.

BE

DEVELOPMENT,

ON APRIL 4

A BILL PROVIDING FOR THE ESTABLISHMENT OF THE PROVISIONAL

COUNCIL AIRPORT AUTHORITY WAS PASSED BY THE LEGISLATIVE THIS YEAR AND THE RESULTANT ORDINANCE WAS GAZETTED ON APRIL 6.

APPOINTMENTS TO THE AUTHORITY WERE ANNOUNCED ON JUNE 15 AND THE FIRST MEETING WAS HELD ON THE SAME DAY.

TASK DURING ITS TENURE THE MAIN

OF THE PROVISIONAL AIRPORT HEADED BY A AUTHORITY WILL BE TO ESTABLISH A CORE MANAGEMENT GROUP,

THAT CHIEF EXECUTIVE OFFICER,

WILL BE

OF CAPABLE

OVERSEEING THE CONSULTAN IS ENGAGED TO PREPARE THE AIRPORT MASTER PLAN ENGINEERING DESIGN FOR THE AIRPORT, ESTABLISHING POLICIES ON FINANCIAL PROJECT MANAGEMENT, DETERMINING PROCUREMENT AND PROCEDURES, AND GENERALLY PLANNING FOR ACTIVITIES OF THE AIRPORT AUTHORITY.

THE

AND

CONTRACTING

ORGANISATION

AND

THE LEGISLATION FOR THE ESTABLISHMENT OF THE AIRPORT AUTHORITY

ALL THE ASSETS, WILL PROVIDE FOR THE AIRPORT AUTHORITY TO TAKE OVER LIABILITIES, POWERS AND DUTIES OF THE PROVISIONAL AIRPORT AUTHORITY.

THE LATTER WILL BE DEEMED TO BE DISSOLVED ON THE DATE WHEN AIRPORT AUTHORITY COMES INTO EXISTENCE.

THE

:

AT THE SAME TIME, ALL ADVANCES MADE TO THE PROVISIONAL AUTHORIT/ AS WELL AS GOVERNMENT DIRECT ATTRIBUTABLE TO THE NEW AIRPORT

BE EQUITY IN THE AIRPORT AUTHORITY.

WILL

CONVERTED INTO

WHICH EXPENDITURE

GOVERNMENT

AIRPORT IS

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