XN000022-1994-02-25 — Page 7

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FRIDAY, FEBRUARY 25, 1994

"THIS

DISPARITY

BE

WIDENED

THE

SINGAPORE LATE IN

WILL

WHEN INTERNATIONAL CONVENTION AND EXHIBITION CENTRE IS COMPLETED 1994, HE SAID.

**

THE EXTENSION WILL BE BUILT ON AN ISLAND RECLAMATION IN OF THE CONVENTION CENTRE.

FRONT

HONG

"THE CONSTRUCTION OF THE PROJECT WILL BE ENTRUSTED TO THE KONG TRADE DEVELOPMENT COUNCIL WHICH HAS HAD LONG EXPERIENCE IN THE OWNERSHIP OF BOTH DEVELOPMENT AND MANAGEMENT OF THE EXISTING CENTRE.

THE GOVERNMENT, ISLAND AND BUILDING WILL REMAIN SPOKESMAN SAID.

THE

WITH

ון

THE

SOME

4,000

THE EXTENSION WILL HOUSE THREE EXHIBITION HALLS PROVIDING 26,000 SQUARE METRES OF EXHIBITION SPACE, A CONVENTION HALL FOR

AS MEETING ROOMS AND ΤΟ 4.500

AND OTHER FACILITIES SUCH

ΤΟ IS EXPECTED THE EXTENSION CONSTRUCTION COMPLETED BY MID-1997.

PEOPLE

RESTAURANTS.

OF

BE

FUNDING,

WELCOMING THE FINANCE COMMITTEE'S DECISION TO APPROVE

PROJECT WOULD BRING MAJOR ECONOMIC SAID THE NEW SPOKESMAN BENEFITS TO HONG KONG.

THE

WILL ORDERS

BE WILL

"VISITORS' SPENDING WILL INCREASE AND EXPORT BOOSTED. THE TOTAL QUANTIFIABLE VALUE TO THE HONG KONG ECONOMY

HE SAID. BE IN THE ORDER OF $10 BILLION A YEAR,

++

MECHANISM UNDER

ΤΟ ENSURE

THE SPOKESMAN SAID A PROJECT MONITORING AND CONTROL IN THE FORM OF A PROJECT CONTROL COMMITTEE HAD BEEN ESTABLISHED THE CHAIRMANSHIP OF THE SECRETARY FOR TRADE AND INDUSTRY THAT THE EXTENSION WOULD BE COMPLETED WITHIN BUDGET BY THE TARGET DATE OF JUNF 1997.

AS

OF EXTENSION

TRADE THE

THE COMMITTEE ́S MEMBERSHIP INCLUDES THE CHAIRMAN OF THE

AS WELL

REPRESENTATIVES SENIOR COUNCIL DEVELOPMENT GOVERNMENT POLICY BRANCHES AND DEPARTMENTS INVOLVED IN THE PROJECT.

RESPONDING TO THE CONCERNS VOICED BY SOME LEGISLATIVE

OF ANY MANAGEMENT MEMBERS, THF SPOKESMAN CONFIRMED THAT THE TERMS CONTRACT WOULD REQUIRE PRIOR GOVERNMENT APPROVAL.

COUNCIL

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