XN000022-1995-01-12 — Page 17

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15.

He urged members of the Hong Kong Institute of Company Secretaries to take the opportunity offered by this project to consider what aspects of the legislative and regulatory framework for the conduct of business in Hong Kong needed to be attended to if the territory is to continue to attract investment and to remain competitive.

"This will ensure that Hong Kong, as a business community, will be able to respond and adapt as we confront the inevitable challenges of the next century," he said.

End/Thursday, January 12, 1995

Government improves on public works management

There has been overall a steady improvement in Government's ability to meet its programme of capital works, the Secretary for Works, Mr James Blake, said this (Thursday) afternoon.

Speaking to the media during a visit to the work site of the Kap Shui Mun Bridge, Mr Blake said expenditure on the public works programme was likely to exceed $22 billion in 1994-95, representing a nearly 20 per cent increase over the previous year.

"A small shortfall in expenditure is likely to be recorded for this financial year, which is largely due to savings from tender prices remaining very competitive," he said.

To help further improve the management of the public works programme, Mr Blake said the Government had introduced a computerised Public Works Management System (PWMS) to monitor the day-to-day progress of each project in the public works programme and to take prompt remedial action where there was a risk of major slippage occurring.

He said the PWMS would house complete data on over 1,500 works items in the public works programme.