2
Part I
CONFIDENTIAL ##
Subject
3. Hiving off the
KCR
(CR 1/645/77)
4. Tuen Mun/Yuen
Long Transport System
Negotiations
(CR 2/5591/79)
Purpose
To hive off KCR from the Government and to determine the future organization.
To reach a mutual agreement between the Hong Kong Government and the Hong Kong & Kowloon "harf & Godown Co.Ltd. on details of the development and operation of a transport system incorporating a light rail transit system for Tuen Mun and Yuen Long and to present a detailed submission to the Executive Council.
Progress Made & Present Position
(a)
The Transitional Board appointed in December 1981.
(b) Chief Executive (Designto) also appointed on 1 January 1982.
(c)
Chaired by S for T, the Transitional Board meets monthly.
(a) Passenger and vehicle projections
for 1991 have been completed by Transport Department. Based on these, KG has revised financial forecasts, but ten year growth estimates have subsequently been prepared by TD/TB and T is completing detailed 1986 forecasts.
(b) A review of rolling stock options
has been completed.
(c) Phasing-in of services discussed
with TD on 21.1.82.
:
::
(d) First draft Bill prepared. Drafting
instructions for a franchise prepared. Comments received.
(e) TAC has been consulted and agreed
the package.
Next Quarter Targets
Carry out the tasks of
the Transitional KCR Board through its sub-committees
Obtain ExCo approval for KWG to begin construction.
4:1
CONFIDENTIAL #
H
No comments yet.
Private notes are available after approval.