XN000022-1994-05-24 — Page 4

TUESDAY, MAY 24, 1994

IN

3

STATEMENT ON AIRPORT FINANCING

* * * * *

REMARKS

TODAY

RESPONSE TO MEDIA REQUESTS FOR COMMENTS ON (TUESDAY) BY THE DIRECTOR OF THE HONG KONG AND MACAU AFFAIRS OFFICE OF THE CHINESE STATE COUNCIL, MR LU PING, ABOUT THE POSSIBILITY AGREEMENT SOON ON FINANCING FOR THE NEW AIRPORT, A SPOKESMAN SAID:

OF AN GOVERNMENT

WITH THE

BE

"WE WELCOME

DISCUSSIONS THIS INDICATION THAT OUR CHINESE SIDE ON FINANCING FOR THE AIRPORT AND AIRPORT RAILWAY WILL BROUGHT TO AN EARLY AND SUCCESSFUL CONCLUSION.

**WE WILL ALSO WELCOME FURTHER CONSULTATIONS CORPORATION BILL."

ON

THE

AIRPORT

EXCO APPROVES YAUMATI FERRY FARE RISE

THE

GOVERNOR-IN-COUNCIL

OVERALL

WEIGHTED

HAS APPROVED A FARE AVERAGE OF 14.2 PER CENT FOR YAUMATI FERRY COMPANY (HYF).

THE

INCREASE BY AN

HONG KONG

AND

HYF LAST REVISED ITS FARES TWO YEARS AGO.

TO

THE STATUTORY ORDER SETTING OUT THE NEW FARES WILL BE GAZETTED SUBMITTED TO THE LEGISLATIVE COUNCIL FOR APPROVAL WITH A VIEW IMPLEMENTING IT ON JULY 1.

AND

IN APPROVING THE FARE INCREASE, THE GOVERNOR-IN-COUNCIL HAS TAKEN INTO ACCOUNT THE FOLLOWING CONCESSIONS TO BE INTRODUCED TOGETHER WITH THE NEW FARES,

THE

THE HIGHER WEEKEND FARES FOR

OUTLYING ISLAND SERVICES

ON

SATURDAY MORNINGS WILL BE WITHDRAWN.

THE EXISTING CONCESSIONARY FARE SCHEME FOR CHILDREN UNDER 12 WILL BE EXTENDED TO HOVERFERRY SERVICES.

SENIOR CITIZENS

THE EXISTING CONCESSIONARY FARE SCHEME FOR AGED 65 AND ABOVE WILL BE EXTENDED TO ALL ROUTES AT ALL TIMB AND IN ALL NON-DELUXE CLASSES.

FARE

CHANGES

SERVICES ARE AS FOLLOWS:

PASSENGER SERVICES

-

CROSS HARBOUR

- NEW TOWN

- OUTLYING DISTRICTS

-

WEEKDAYS

FOR

DIFFERENT TYPES

OF

PASSENGER

FERRY

WEEKENDS AND HOLIDAYS

RANGE OF % INCREASE

INCREASE IN MONEY TERMS

-

13% - 19% 10% 20%

30 CENTS 50 CENTS

50 CENTS $2

12% 8%

-

-

22% 22%

50 CENTS

—

$3

60 CENTS

-

$3.5

/EXTENSION OF