XN000022-1992-10-28 — Page 10

WEDNESDAY, OCTOBER 28, 1992

"WE MUST ALSO REMEMBER HOW THIS ALL FITS

DEVELOPMENT

INTO THE OF HONG KONG. THE AIRPORT CORE PROJECTS ARE NOT FROM THE REST OF THE ECONOMY.

FUTURE ISOLATED

"WITHOUT EFFICIENT AIR, SEA AND

TRANSPORT WORLD

OTHER COMMUNICATION FACILITIES, HONG KONG WOULD NOT REMAIN AT THE FOREFRONT TRADING ECONOMIES. WE MUST REMEMBER THIS WHEN WE CHART OUR FORWARD ON THE AIRPORT.

AND

OF

WAY

"

"THERE IS A VISION OF THE FUTURE HERE SIGHT OF IT,' HE SAID.

AND WE

MUST NOT

LOSR

WOULD HONOUR WOULD BE HEAR

IN CONCLUSION, THE FINANCIAL SECRETARY SAID HE HIS PLEDGE TO MEMBERS IN THE LAST BUDGET DEBATE AND THAT HE MEETING THEM IN EIGHT SEPARATE GROUPS OVER THE NEXT FORTNIGHT TO THEIR VIEWS ON THE REVENUE PROPOSALS FOR THE NEXT BUDGET.

0

PUBLIC WORKS PROGRAMME OUTLINED

*

THE GOVERNMENT WILL SPEND $78 BILLION ON PUBLIC WORKS PROGRAMME INFRASTRUCTURE PROJECTS, AT MARCH 1992 PRICES, IN ADDITION TO $43 BILLION AT MARCH 1991 PRICES WHICH IS BEING SPENT ON SEVEN AIRPORT CORE PROJECTS (ACP) DURING THE FIVE YEARS' PERIOD 1992/93 TO 1996/97.

THIS WAS STATED BY THE SECRETARY FOR WORKS, MR JAMES BLAKE, IN THE RESUMED DEBATE ON THE MOTION OF THANKS FOR THE GOVERNOR'S POLICY ADDRESS IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).

HE SAID THE PROJECTED SPENDING ON NON-ACP WORKS OF $78 BILLION REPRESENTED A 44% GROWTH IN REAL TERMS OVER SPENDING ON PUBLIC WORKS DURING THE PAST FIVE YEARS.

IT ALSO REPRESENTS

ABOUT THREE QUARTERS OF GOVERNMENT'S FORECAST OF TOTAL CAPITAL WORKS EXPENDITURE OVER THE NEXT FIVE YEARS, MR BLAKE SAID.

"WE SHALL CONTINUE TO BUILD FOR THE

■

FUTURE, THE SECRETARY

SAID.

OUR

AND

"WE SHALL INCREASE OUR LAND ASSETS BY RECLAMATION, IMPROVE DRAINAGE SYSTEM AND SEWAGE SERVICES, UPGRADE OUR PORT FACILITIES TRANSPORT NETWORK, AND PROVIDE MORE HEALTH, EDUCATION AND COMMUNITY FACILITIES.

"OUR INVESTMENTS IN OUR ECONOMIC AND SOCIAL INFRASTRUCTURE WILL ENHANCE THE COMPETITIVENESS OF OUR ECONOMY AND IMPROVE OUR QUALITY OF LIFE," HE SAID.

THERE ARE AT PRESENT OVER 2,000 ITEMS IN THE PUBLIC WORKS PROGRAMME (EXCLUDING THOSE OF $10 MILLION OR LESS IN CONTRACT VALUE) ALL OF THEM AT DIFFERENT STAGES OF PLANNING, INVESTIGATION AND CONSTRUCTION.

THE LIST

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