XN000022-1993-07-05 — Page 2

MONDAY, JULY 5, 1993

1.

CENTRAL AND WAN CHAI RECLAMATION

*

IN RESPONSE TO MEDIA

ENQUIRIES, A GOVERNMENT OFFICIAL SAID TODAY (MONDAY) THAT THE TWO LOWEST TENDERERS FOR THE CENTRAL AND WANCHAI RECLAMATION PHASE I CONTRACT HAD AGREED TO EXTEND THE VALIDITY OF THEIR TENDERS FOR A FURTHER FOUR MONTHS FROM JULY 5 TO NOVEMBER 8.

THE PROJECT INCLUDES THE SITE OF THE AIRPORT RAILWAY'S HONG KONG STATION TERMINUS, AND THUS FORMS AN INTEGRAL PART OF THE AIRPORT RAILWAY.

"BECAUSE OF THIS, WE HAVE BEEN IN DISCUSSION WITH THE CHINESE SIDE OF THE AIRPORT COMMITTEE ABOUT THE PROJECT AND WE HOPE CHINESE SIDE WILL BE ABLE TO INDICATE ITS SUPPORT FOR THE THE CONTRACT IN THE NEAR FUTURE.

THAT THE AWARD of

PROGRAMME

"WE REMAIN COMMITTED TO COMPLETING AIRPORT CORE PROJECTS TO THE MAXIMUM EXTENT POSSIBLE BY JUNE 1997, IN LINE WITH THE MEMORANDUM OF UNDERSTANDING.

"CLEARLY HOWEVER, IT BECOMES HARDER ΤΟ AVOID THE RISK OF SLIPPAGE AND RISING COSTS IF THERE ARE DELAYS IN AWARDING CONTRACTS," THE OFFICIAL SAID.

GOVERNMENT ENDEAVOURS TO MAXIMISE RESOURCES

票

THE GOVERNMENT IS PROPOSING TO THE LEGISLATURE THAT IT SHOULD ESTABLISH A MANAGEMENT SERVICES AGENCY WHICH CAN BE CALLED UPON BY DEPARTMENTS TO PROVIDE EXPERT ASSISTANCE IN VALUE FOR MONEY STUDIES AND TOP DOWN REVIEWS, THE SECRETARY FOR THE TREASURY, MR DONALD TSANG, SAID.

SPEAKING AT A HONG KONG SHIPPERS' COUNCIL LUNCHEON THIS (MONDAY) AFTERNOON, MR TSANG SAID IN ESSENCE THE NEW SYSTEM WOULD PROVIDE MORE PRECISE COST INFORMATION ON BACH DEPARTMENTAL ACTIVITY AND WOULD ASSIST POLICY SECRETARIES IN DETERMINING WHETHER THEY WERE MAKING THE BEST USE OF THEIR RESOURCES.

"IN SHORT, WE ARE ENDEAVOURING

что

T

PRACTICES ADDED.

OF THE PRIVATE SECTOR INTO THE CIVIL

BRING THE SUCCESSFUL SERVICE, MR TSANG

HE POINTED OUT THAT THE NEW SYSTEM WAS IN ADDITION WHICH HAD NOW BEEN PUT IN PLACE TO HELP POLICY SECRETARIES MORE CLEARLY WHERE RESOURCES WERE BEING CONSUMED.

TO

THOSE IDENTIFY

/THE FINANCE