TNAG-1646-FCO40-2293-Chinese-investment-in-Hong-Kong-1987 — Page 22

G.F. 326

1

Table 1

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1986 over the same period in 1985, while capital expenditure on building and construction in the public sector grew by 4% in real terms. For 1986 as a whole, capital expenditure on building and construction in the private sector grew by 2% in

real terms over 1985. There was, however, a

decrease of 4% in real terms in capital expenditure

by the public sector, attributable partly to the completion of works on the MTR Island Line, on

Phase II of the Island Eastern Corridor and on Tolo

Highway. Total cpaital expenditure on building and

construction by both the public and private sectors thus remained roughly unchanged in real terms in

1986

(Table 1). The share of this total

attributable to the private sector was 67% in 1986, compared with 65% in 1985.

15.

Statistics on capital expenditure on

building and construction are not yet available to

enable a firm assessment to be made of the level of

activity in the building and construction sector in

the first quarter of 1987. Given the large number of private sector residential and commercial projects currently in progress, including the new

Standard Chartered Bank Building, the new Bank of

China Building, the Pacific Place, and the

intensification of works on the Eastern Harbour

Crossing, the level of building and construction. activity in the private sector is likely to show considerable growth during 1987. Capital

expenditure by the public sector is also expected

to show some growth this year, attributable mainly

to the work on the Tuen Mun Light Rail System,

increased expenditure on public housing projects, and the work in progress on Route 5 linking Sha Tin with Kwai Chung.

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