TNAG-0669-FCO40-818-Policy-on-housing-and-resettlement-in-Hong-Kong-1977 — Page 142

G.F. 323

10.

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We have also considered the "overnment's experience with joint ventures: by and large, they have proved exceedingly difficult to get off the ground, partly because the Government has tried to involve the private sector in providing the kind of services and facilities which normally fall to be provided by the public sector and partly because of the absence of an adequate conceptual and procedural framework. We believe, however, that joint undertakings to build flats (which for developers is normal commercial activity) should not give rise to irreconciliable conflicts of interests and, later in this paper, we recommend a framework within which such joint ventures can be appraised and administered.

Land

11.

a

As regards paragraph, 3(b): at the fifth meeting of the working Party, a number of sites identified by the Housing Department, the New Territories Administration and the Crown Linds

and survey Cffice were classified into two schedules, namely

Schedule A:

Schedule B:

for development by the Housing Authority.

for development by the private sector.

At the present time, the development potential of schedule a sites exceeds the number of flats required to boost the housing programme

Total potential

lcss Initial programme:

Phase I 6,080

equals

Flats

35,190

Phase II 3,690

Subsequent programmes:

20.230

30,000

Excess

5,190

3ut given that these sites will be in the vininity of public housing estates (that is to say, they would allow for maximum residential development and the flats could be managed by

1. The most recent example of conflicts of

interest is the proposal to get the Cross- Harbour Tunnel Company to build and run the Aberdeen Tunnel. This fell through because any maximisation of profits would defeat the transport objectives of the project, while any scheme to regulate profits would tend to become very difficult to administer.

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