XN000022-1992-10-14 — Page 5

W

WEDNESDAY, OCTOBER 14, 1992

SHE SAID IF THE APPROPRIATE RISK GUIDELINES COULD NOT BE MET, MITIGATION MEASURES TO REDUCE THE RISK LEVEL WERE IMPLEMENTED AS FAR

AS PRACTICABLE.

"SUCH MEASURES INCLUDE, FOR EXAMPLE, IMPROVEMENTS TO STORAGE FACILITIES AND MORE EFFECTIVE SAFETY DEVICES AT THE PLANT.

"WHERE NECESSARY, RELOCATION OF THE PLANT WILL BE CONSIDERED,"

SHE ADDED.

OF

GOVT'S SHARE OF ACP ESTIMATED AT $7.1B

* * *

*

THE ESTIMATED EXPENDITURE THIS YEAR ON THE GOVERNMENT'S THE AIRPORT CORE PROGRAMME (ACP) WORKS IS ABOUT $7.1 BILLION, SECRETARY FOR THE TREASURY, MR K.Y. YEUNG, SAID TODAY (WEDNESDAY).

SHARE THE

REPLYING то A QUESTION BY DR THE HON SAMUEL WONG IN THE LEGISLATIVE COUNCIL, MR YEUNG SAID THIS WAS A LITTLE OVER 22% OF TOTAL CAPITAL EXPENDITURE FOR 1992-93, ESTIMATED AT $31.8 BILLION.

HE SAID OF THE $24.7 BILLION TO BE SPENT ON NON-ACP PROJECTS, ABOUT $3 BILLION WAS EARMARKED FOR EXPENDITURE ON OVER 200 NEW WORKS PROJECTS TO BE LET CONTRACTS DURING 1992-93.

HOWEVER, MR YEUNG SAID THE FIGURE OF $3 BILLION DID NOT INCLUDE THE EXPENDITURE TO BE INCURRED ON ACQUIRING LAND FOR THESE PROJECTS, AS THIS WAS MET FROM A SEPARATE BLOCK VOTE UNDER HEAD 701 LAND ACQUISITION,

"WHEN WE SAID IN THE PAST THAT THE GOVERNMENT'S FORECAST OF ITS SHARE OF WORKS EXPENDITURE ON THE ACP WOULD BE ABOUT A QUARTER OF THE GOVERNMENT'S FORECAST OF TOTAL CAPITAL EXPENDITURE, WE HAD IN MIND A FIGURE OF $54.5 BILLION SPREAD OVER THE FIVE YEARS 1992-93 TO 1996-97.

"THIS REPRESENTS LESS THAN A QUARTER OF THE GOVERNMENT'S FORECAST OF TOTAL CAPITAL EXPENDITURE, ESTIMATED AT $240.8 BILLION, OVER THE SAME FIVE YEAR PERIOD, MR YEUNG SAID.

++

"BUT ACTUAL WORKS EXPENDITURE ON THE AIRPORT CORE PROGRAMME ANY ONE YEAR COULD BE HIGHER OR LOWER THAN A QUARTER OF ACTUAL CAPITAL EXPENDITURE IN THAT YEAR, HE ADDED.

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IN

TOTAL

14