XN000022-1991-03-21 — Page 7

THURSDAY, MARCH 21, 1991

6

AWARD OF DEVELOPMENT RIGHTS FOR CT8

DEVELOPMENT

8,

.

GROUP

THE GOVERNMENT ANNOUNCED TODAY (THURSDAY) THAT THE RIGHTS FOR HONG KONG'S NEXT CONTAINER TERMINAL, CONTAINER TERMINAL WERE TO BE AWARDED TO A CONSORTIUM COMPRISING MODERN AND HONGKONG INTERNATIONAL TERMINALS GROUP.

ARE

IN

TERMINALS

DISCUSSION

WITH CO.

+

IT IS UNDERSTOOD THAT THE OPERATORS THE CHINA OCEAN SHIPPING CORPORATION AND CHINA MERCHANTS HOLDINGS LTD WITH REGARD TO THEIR INVOLVEMENT IN THE CONTAINER PORT OPERATION.

A GOVERNMENT SPOKESMAN SAID THE GRANT WOULD BE OF PRIVATE TREATY. CONTAINER TERMINALS 4, 5 AND 6 HAD OF IN THIS WAY, HE SAID.

MADE BY MEANS BEEN DISPOSED

BY PRIVATE TREATY AND HONG KONG'S PORT FOR WAY

OF WITHOUT THE

INVESTMENT MASSIVE

HE EXPLAINED THAT A MIXTURE OF GRANTS

AN EFFECTIVE PUBLIC TENDER HAD INFRASTRUCTURE TO BE DEVELOPED

PROVED

PUBLIC FUNDS WHICH WOULD OTHERWISE BE REQUIRED.

HECTARES ΤΟ

CONTAINER TERMINAL 8 WILL OCCUPY AN AREA OF 58.47

ISLAND. IT WOULD COMPRISE STONECUTTERS BE RECLAIMED ON NORTH WEST FOUR BERTHS AND HAVE A CAPACITY OF 1,600,000 TEU'S (20-FOOT EQUIVALENT UNITS). IT WOULD INCREASE HONG KONG'S CONTAINER TERMINAL CAPACITY 6.6 MILLION BY LATE 1995.

THE TERMINALS HANDLED 3.8 MILLION TEU'S IN TO WHICH 1.2 MILLION WERE HANDLED IN THE STREAM.

то

1990, IN ADDITION

WILL THE NEW CONTAINER TERMINAL WILL HELP ENSURE THAT THE PORT

HONG KONG'S TRADE CONTINUE TO BE CAPABLE OF MEETING THE DEMANDS OF AND THAT OF ITS NATURAL HINTERLAND IN SOUTHERN CHINA.

INFORMAL INT'L MEETING ON VM'S NEXT WEEK

MARCH

25

AND

26,

A

GOVERNMENT

MIGRANTS WILL SPOKESMAN

AN INFORMAL INTERNATIONAL MEETING ON VIETNAMESE

ON IN GENEVA BE HELD ANNOUNCED TODAY (THURSDAY).

THE PURPOSE OF THE MEETING, WHICH WILL

+ WILL BE TO REVIEW PROGRESS WITH IMPLEMENTING OF ACTION.

BE

THE

AT WORKING LEVEL, COMPREHENSIVE PLAN

HONG KONG

HONG KONG WILL BE REPRESENTED AT THE MEETING BY THE GOVERNMENT REFUGEE CO-ORDINATOR, MR CLINTON LEEKS, THE SPOKESMAN SAID.

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