XN000022-1992-01-27 — Page 9

*

MONDAY, JANUARY 27, 1992

LAST 12 MONTHS

JAN-DEC 1991

JAN-DEC

INCREASE

1990

HK$ MN.

HK$ MN.

HK$ MN.

%

DOMESTIC EXPORTS

231,045

225,875

5,170

2.3

(% OF TOTAL EXPORTS)

(30.2%)

(35.3%)

RE-EXPORTS

534,841

413,999

120,842

29

.2

TOTAL EXPORTS

765,886

639,874

126.012

19.7

IMPORTS

778,982

642,530

136,452

21.2

TRADE BALANCE

-13,096

-2,656

-10,440

0

GOVT TO SPEND $102.4 BILLION ON CAPITAL WORKS PROJECTS

THE GOVERNMENT HAD ALLOCATED $102.4 BILLION FOR CAPITAL WORKS FOR WORKS, MR PROJECTS SPENDING BETWEEN NOW AND 1995, THE SECRETARY JAMES BLAKE, SAID TODAY (MONDAY).

SPEAKING AT THE LLOYD GEORGE MANAGEMENT INVESTMENT CONFERENCE

MR BLAKE LUNCHEON AT THE MANDARIN ORIENTAL HOTEL,

SAID SPENDING BY 1995 TO GOVERNMENT ON CAPITAL WORKS PROJECTS FOR THE YEAR

2000 WAS EXPECTED TO CONTINUE AT AN ANNUAL RATE

ΤΟ THAT FOR THE

PERIOD UP TO 1995.

EQUIVALENT

"IN ADDITION TO THIS, SUBSTANTIAL EXPENDITURE WILL BE INCURRED BY THE PRIVATE SECTOR, AND BY THOSE AGENCIES WHICH SECURE THEIR OWN FUNDS FROM INTERNATIONAL CAPITAL MARKETS WITH THE HONG KONG GOVERNMENT IN SUPPORT. PLANNED EXPENDITURE WITHIN THIS DECADE BILLION, HE SAID.

"

IS $73.

KOK AND

SPENT

LAP APART FROM THE $43.6 BILLION NEW AIRPORT AT CHEK RELATED CORE PROJECTS, MR BLAKE SAID ABOUT $40 BILLION WOULD BE ON NEW TOWN INFRASTRUCTURE CONSTRUCTION AND SERVICING, PRIMARILY FOR TSEUNG KWAN O AND TIN SHUI WAI WHICH WILL HAVE A TOTAL POPULATION OF ABOUT 600,000.

"A MAJOR PROGRAMME OF UPGRADING AND NEW SEWAGE AND STORMWATER WILL INVOLVE EXPENDITURE OVER THE NEXT 10 YEARS, HE SAID.

TT

OF

DRAINAGE SYSTEMS FOR SOME $20 BILLION

$2.8 IN ADDITION, MR BLAKE SAID

BILLION WOULD BE SPENT ON FOR WATER EXTENDING OUR RECEIVING, TREATMENT AND DISTRIBUTION SYSTEM FROM CHINA'S EAST RIVER TO COPE WITH FURTHER ANTICIPATED INCREASE SUPPLY.

IN

WOULD

BE

SOME

OF

SOME

HE SAID THREE STRATEGIC LANDFILL OPERATIONS FRANCHISED FOR BUILDING AND OPERATION AT AN ESTIMATED COST OF $12.8 BILLION, TO COPE WITH OUR PRESENT NEED TO DISPOSE 23,000 TONNES PER DAY.

/"FROM THE