XN000022-1991-06-10 — Page 8

MONDAY, JUNE 10, 1991

RECOMMENDED A

PUBLIC TRANSPORT

OF

THE CONSULTANTS CROSS HARBOUR

BASED ON THE STUDY RESULTS, STRATEGY FOR THE DEVELOPMENT SERVICES UP TO AND BEYOND 1996.

THE TAC NOTED THAT, IN FORMULATING THE RECOMMENDED STRATEGY, THE CONSULTANTS HAD TAKEN INTO ACCOUNT THE LIKELY

HARBOUR ON THE DEVELOPMENTS IN THE SERVICES, THE NEED TO HELP RELIEVE THE AND THE TRANSPORT REQUIREMENTS OF DEVELOPING AREAS.

IMPACT OF PLANNED FINANCIAL VIABILITY OF FERRY MTR NATHAN ROAD CONGESTION,

AND

FERRY

AT TODAY'S MEETING, THE TAC ALSO DISCUSSED THE HONG KONG

FRANCHISED YAUMATEI FERRY COMPANY'S PROPOSAL TO WITHDRAW THREE SERVICES IN 1991 AND ITS FORWARD PLANNING PROGRAMME (FPP) FOR 1991-95.

MEMBERS NOTED THAT HYF'S FERRY PATRONAGE WAS HARD HIT BY THE

LATE OPENING OF THE EASTERN HARBOUR CROSSING IN

1989. REVENUE FROM HYF'S INNER HARBOUR SERVICES AS A WHOLE DROPPED 14.8 PER CENT IN 1990.

AND TO RELIEVE UPWARD PRESSURE ON FARES

TO AVOID EXCESSIVE

BETWEEN THE CROSS-SUBSIDISATION

INNER HARBOUR SERVICES AND THE

ONGOING EFFORTS

RECREATIONAL SERVICES TO THE OUTLYING ISLANDS, BEEN MADE TO RATIONALISE HYF'S SERVICES IN KEEPING WITH DEMAND.

HAVE

PROPOSED TO ON HYF'S FPP, TAC NOTED THAT THE COMPANY

FURTHER 1995, HAVING RATIONALISE ITS INNER HARBOUR SERVICES BETWEEN 1991 AND

OF PLANNED REGARD TO THE LIKELY IMPACT

RECLAMATIONS ON INDIVIDUAL FERRY ROUTES, AND COMPETITION FROM OTHER MODES.

OF THE SERVICE HYF TO CONCENTRATE ITS

THERE FOR WHICH

THE TAC WAS INFORMED THAT FULL IMPLEMENTATION

PROGRAMME WOULD ALLOW RATIONALISATION

IMPROVING SERVICES

RESOURCES ON

IS DEMONSTRABLE DEMAND, INCLUDING THE ESSENTIAL SERVICES TO THE OUTLYING ISLANDS.

FROM THE TRANSPORT FINANCIAL PERFORMANCE

AT THE MEETING, THE TAC RECEIVED A REPORT DEPARTMENT ON STEPS BEING TAKEN TO MONITOR THE OF THE TAXI TRADE FOLLOWING THE REMOVAL OF THE $1 FUEL SUPPLEMENT.

WAS BRIEFED

THE IN ADDITION, THE COMMITTEE

ON

POSITION OF REGARDING THE FUTURE LOCAL OIL COMPANIES

MOVEMENT OF THE RETAIL DIESEL FUEL AND PRICES OF

THE LIKELIHOOD OF THE

COMPANIES OIL LOWERING THE DIESEL PRICE IN THE COMING WEEKS.

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