21
WEDNESDAY, MARCH 30, 1994
NEW AIRPORT COST-EFFECTIVE
THE COST AND STANDARD OF THE NEW AIRPORT AT CHEK LAP KOK ARE IN OTHER MAJOR THE MIDDLE OF THE RANGE, ACCORDING TO A COMPARISON WITH AIRPORTS CARRIED OUT BY THE PROVISIONAL AIRPORT AUTHORITY.
THE FOR ECONOMIC MEANS, BUILDING THE
ADDRESSING POINTS RAISED BY LEGISLATIVE COUNCIL MEMBERS IN
THE SECRETARY RESUMED DEBATE ON THE 1994/95 BUDGET, SERVICES, MR GORDON SIU, SAID: "WE ARE, BY NO WORLD'S MOST EXPENSIVE AIRPORT.
++
"WE
NOT SHOULD
PROVIDE SUB-STANDARD
SERVICES
AT OUR
NEW
AIRPORT, NOR SHOULD WE OVER BUILD.
"HONG KONG IS A MODERN VIBRANT WORLD ECONOMY. WE SHOULD HAVE COST-EFFECTIVE AIRPORT APPROPRIATE TO OUR STANDING. NO MORE, NO LESS, MR SIU SAID.
A
FOR THE
FOURTH FINANCING PROPOSAL ON THE LEVEL OF DEBT PROPOSED IN THE FOR THE NEW AIRPORT, MR SIU SAID THE TOTAL DEBT PROPOSED AIRPORT AND AIRPORT RAILWAY WAS SUBSTANTIALLY REDUCED.
CONCERNS AND SO
"OUR LATEST FINANCING PROPOSALS WILL MEET IN FULL THE RAISED BY THE CHINESE SIDE IN RESPECT OF THE LEVEL OF DEBT, THERE IS NO PROSPECT THAT THEY COULD COMPLICATE OUR DISCUSSIONS THE CHINESE SIDE, HE SAID.
++
WITH
NOT TO
IT MUST BE IN THE BEST INTERESTS OF HONG KONG PEOPLE INVEST MORE OF THE TAXPAYERS' MONEY IN THESE PROJECTS THAN IS STRICTLY NECESSARY ΤΟ PROVIDE A PRUDENT AND CONSERVATIVE FINANCING EXPLAINED.
PLAN, HE
THE PROVISIONAL IF THE MASS TRANSIT RAILWAY CORPORATION AND
MORE PUBLIC BORROWINGS, AIRPORT AUTHORITY
UNDERTAKE SENSIBLE CAN
IN OTHER NEEDED RESOURCES WILL BE AVAILABLE INFRASTRUCTURAL PROJECTS.
FOR INVESTMENT
"IN
THE
VIEW OF THE COMMERCIAL STRENGTH OF THESE TWO PROJECTS
THE WILL GENERATE, THEY REVENUES SUBSTANTIAL PROPOSED IN THE FOURTH PLAN WOULD BE EASILY SERVICED.
AND
LEVEL OF
DEBT
MR SIU SAID BY ANY STANDARD, THIS WAS A TO FINANCING THESE PROJECTS.
CONSERVATIVE
APPROACH
BY
"NOT ONLY IS THE GOVERNMENT ITSELF NOT HAVING TO BORROW TO FUND THESE PROJECTS, NEITHER IS IT HAVING TO GUARANTEE THE DEBT RAISED THE CORPORATIONS.
"80 FAR FROM CREATING ANY RISKS FOR THE
GOVERNMENT OF THE WHOLE SPECIAL ADMINISTRATIVE REGION, THE AIRPORT CORE PROGRAMME AS A
GROWTH, WILL PROVIDE AN ESSENTIAL SPRINGBOARD FOR CONTINUED ECONOMIC HE SAID.
..
/TURNING TO
TT
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