XN000022-1990-08-02 — Page 3

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THURSDAY, AUGUST 2, 1990

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THE AIRPORT THAT THE CONSULTANCY

BRIEFING HER AUDIENCE ON THE LATEST PROGRESS OF PROJECT, MRS CHAN SAID THAT IT WAS EXPECTED COMMISSIONED FOR PREPARING A MASTER LAYOUT

OF THE AIRPORT AND FOR IMPACT DESIGN AND ENVIRONMENTAL CARRYING OUT

ENGINEERING CIVIL ASSESSMENT WOULD REPORT BEFORK THE END OF 1991.

SHE POINTED OUT THAT BOTH THE PORT AND AIRPORT PROJECTS OFFERED EXCITING OPPORTUNITIES FOR INVESTORS, CONSULTANTS AND CONTRACTORS.

FOR

"WE INTEND THERE TO BE INDIVIDUAL FINANCIAL CONSULTANCIES

CROSSING ΤΟ THE AIRPORT, THE RAIL LINK TO THE AIRPORT AND THE FIXED LANTAU ISLAND ON WHICH THE NEW AIRPORT WOULD BE BUILT," MRS CHAN SAID.

STUDIES.

THESE

SHE ALSO SAID THERE WILL ALSO BE A LARGE NUMBER OF

DESIGN FEASIBILITY, INVESTIGATION AND BOTH FOREIGN AND LOCAL EXPERTISE.

ENGINEERING REQUIRE

WILL

"SOME STUDIES ARE ALREADY IN PROGRESS, FOR EXAMPLE THE RAILWAY FEASIBILITY STUDY. OTHERS WILL SHORTLY COMMENCE.

AIRPORT

INTERESTED IN FOR COMPANIES

PROJECTS TO PUT IN KONG'S INFRASTRUCTURAL

MRS CHAN SAID.

"IT IS THEREFORE IMPORTANT

HONG IN PARTICIPATING IMAGINATIVE AND COMPETITIVE PROPOSALS,

"WE OPERATE A LEVEL PLAYING FIELD FOR ALL OUR PROJECTS; FOR ALL OUR INVESTORS.

LOCAL

то EITHER "HISTORICALLY, WE HAVE GIVEN NO SPECIAL INCENTIVES

SELECTION IS BASED ON THE MERITS OF OR OVERSEAS CONCERNS.

PROPOSALS," MRS CHAN SAID.

THE

TURNING TO THE

PORT

AND

AIRPORT

STRATEGY,

THE

THE

DEVELOPMENT STUDIED OVER 40 DEVELOPMENT SECRETARY SAID THAT THE GOVERNMENT HAD STRATEGIES AND HAD OPTED FOR AN INTEGRATED APPROACH THAT PROVIDED BEST OPTIONS IN TERMS OF OVERALL DEVELOPMENT AND USE OF RESOURCES.

SHE SAID THAT IT WAS THE GOVERNMENT POLICY TO ENCOURAGE PRIVATE SECTOR PARTICIPATION IN AIRPORT-RELATED TRANSPORT PROJECTS.

PRIVATISED "THE EXACT DETAILS AS TO HOW SUCH PROJECTS WILL BE

BE REMAIN TO BE WORKED OUT, BUT I ENVISAGE THAT OPEN INVITATIONS WILL

BOTH LOCAL AND MADE BEFORE NEXT YEAR TO PRIVATE SECTOR CONSORTIA,

ON THE BASIS OF ΤΟ INTERNATIONAL,

IN THESE PROJECTS PARTICIPATE 'BUILD, OPERATE AND TRANSFER' ARRANGEMENTS.

**

THE TRANSPORT PROJECTS. *SOME WORK HAS NOW STARTED ON ALL

ARE BEING STUDIES HAVE EITHER COMMENCED OR FEASIBILITY

ENGINEERING PLANNED.

"THE NEXT STAGE IS DETAILED FINANCIAL ANALYSIS TO ENABLE US DECIDE WHICH PROJECTS SHOULD BE PRIVATISED AND IN WHAT FORM.

TO

"

CONFIDENT EMERGE, SHE SAID.

"KEEN COMPETITION FROM THE PRIVATE SECTOR IS EXPECTED AND I

VIABLE TRANSPORT PROJECTS THAT A GOOD PACKAGE OF

AM

WILL

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