XN000022-1990-09-11 — Page 4

TUESDAY, SEPTEMBER 11, 1990

ANYONE

LIMITED,

TORONTO

"ON THIS, I KNOW CANADIAN FIRMS ARE JUST AS CAPABLE AS ELSE. INDEED THE CANADIAN COMPANY MARSHALL MACKLIN MONAGHAN WHO IS HEAVILY INVOLVED IN THE CONSTRUCTION OF TERMINAL 3 AT

WARDLEY CAPITAL TO AIRPORT, HAVE BEEN ENGAGED WITH HONG KONG FIRM

** PROJECT, SHE UNDERTAKE A FINANCIAL CONSULTANCY FOR THE NEW AIRPORT SAID.

POLICY то ENCOURAGE

MRS CHAN SAID IT WAS THE GOVERNMENT'S PRIVATE SECTOR PARTICIPATION IN TRANSPORT PROJECTS.

PRIVATISED

"THE EXACT DETAILS AS TO HOW SUCH PROJECTS WILL BE REMAIN TO BE WORKED OUT, BUT I ENVISAGE THAT OPEN INVITATION WILL

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

ON THE BASIS OF IN THESE PROJECTS TO INTERNATIONAL,

PARTICIPATE 'BUILD, OPERATE AND TRANSFER' ARRANGEMENTS.

"WE

THE BELIEVE THAT ONE OF HONG KONG'S KEY STRENGTHS LIES IN

THE GOVERNMENT AND THE CONTINUING AND FRUITFUL PARTNERSHIP BETWEEN PRIVATE SECTOR.

ENVIRONMENT STRUCTURE.

AND

A SOUND, "THE GOVERNMENT PROVIDES

A REGULATORY FRAMEWORK

STABLE AND BY SUPPORTED

CONSISTENT

A LOW TAX

MANAGEMENT AND

"THE PRIVATE SECTOR USES ITS ENTREPRENEURIAL, OPERATIONAL SKILLS TO MAKE OPTIMUM USE OF THE COMMERCIAL OPPORTUNITIES THAT WE OFFER," SHE SAID.

SHE POINTED OUT

THAT HAD

ALL OF VIRTUALLY

HONG KONG'S PORT BY THE BEEN BUILT AND WERE OPERATED

INFRASTRUCTURAL SERVICES PRIVATE SECTORS IN SUCH A WAY.

"WE INTERFERE WITH THEIR OPERATIONS AS LITTLE AS POSSIBLE. INTEND THIS POLICY TO CONTINUE.

WE

EMERGE, I

"WITH REGARD TO THE MANY OPPORTUNITIES THAT WILL WOULD LIKE TO STRESS THAT WE OPERATE A LEVEL PLAYING FIELD FOR ALL OUR PROJECTS AND IN RESPECT OF ALL OUR INVESTORS.

EITHER

WE HAVE GIVEN NO SPECIAL INCENTIVES TO

SELECTION IS BASED ON THE MERITS OF THE

"HISTORICALLY,

LOCAL

OR OVERSEAS CONCERNS. PROPOSALS," SHE ADDED.

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