XN000022-1990-11-26 — Page 3

PRIVATE SECTOR INVOLVEMENT IN PORT DEVELOPMENT SUBSTANTIAL

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THE GOVERNMENT HOPES THAT SOME 80 PER CENT OF THE COST

WILL BE PORT DEVELOPMENT

THE PRIVATE SECTOR FINANCED, SECRETARY, SIR PIERS JACOBS, SAID TODAY (MONDAY).

SUPPLY

OF THE 1990

SPEAKING AT THE OPENING CEREMONY KONG CONFERENCE THIS AFTERNOON, SIR PIERS SAID: "WE CAN

WITH CLOSELY THIS IF WE SUCCEED IN MATCHING DEMAND, THEREBY ASSURING A REASONABLE RETURN CONCERNED.

OF NEW FINANCIAL

SEATRADE HONG ONLY ACHIEVE

THE GROWTH IN ON INVESTMENT FOR ALL

HAS BEEN SIR PIERS POINTED OUT THAT OVER THE YEARS, HONG KONG IN INVOLVING THE SUCCESSFUL

PRIVATE SECTOR IN REMARKABLY

THE

FACILITIES. NOTABLY THE DEVELOPMENT OF PORT

CONTAINER TERMINALS, WHICH ARE ALL FINANCED AND OPERATED BY PRIVATE FIRMS.

OF GROWTH TO DECIDE ON THE HE SAID.

"MUCH WORK NEEDS TO BE DONE TO REFINE OUR FORECASTS IN PORT TRAFFIC CARGO OVER THE NEXT FEW YEARS AND OPTIMAL TIME SCALE FOR EACH STAGE OF DEVELOPMENT,

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A PORT

REPRESENTATIVES

"TO HELP WITH THESE TASKS WE HAVE RECENTLY ESTABLISHED

HIGH-POWERED DEVELOPMENT BOARD, MADE UP OF SUITABLY OF THE SHIPPING WORLD AND PORT OPERATORS.

ON

FACILITIES

HE

DECISIONS BASED "THEIR JOB WILL BE TO ENSURE THAT WE MAKE THE BEST POSSIBLE INFORMATION AND ADVICE, AND THAT THE NEW WE BRING ON STREAM ARE

EFFICIENTLY AND COST-EFFECTIVELY,

ADDED.

USED

SIR PIERS NOTED THAT 1990 IS A VERY KONG IN SHIPPING TERMS.

YEAR IMPORTANT

FOR

HONG

"IN A FEW DAYS' TIME, WE WILL BE LAUNCHING OUR OWN INDEPENDENT SHIPPING REGISTER.

RIGHT ON

SCHEDULE

"THIS MARKS THE CULMINATION OF NEARLY FIVE YEARS OF BY THE GOVERNMENT AND BY MEMBERS OF THE LOCAL SHIPPING FRATERNITY

TIME HAVE GIVEN FREELY OF THEIR

AND ADVICE TO ENSURE

REGISTER IS BOTH REPUTABLE AND HAS THE ABILITY TO COMPETE GOOD QUALITY REGISTERS AROUND THE WORLD, HE ADDED.

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HARD WORK

WHO

THAT WITH OTHER

THE

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