TNAG-1842-FCO40-2617-House-of-Commons-Select-Committee-on-Foreign-Affairs-enquiry-1989 — Page 16

34.

Efficient

+7

telecommunications,

both internal

and

external, have been another vital tactor in the develop ment

of Hong Kong as a leading

centre.

industrial, commercial and

The facilities

financial

now provided by private

companies acting under government regulation (mainly Cable

and Wireless (HK) Limited and its subsidiary, the Hong Kong

Telephone Company) are among the most modern in the world.

They include land and submarine cables and ladio links, As

well as satellite links, via both the Indian Ocean and

Pacific Ocean satellites, from an earth Satellite station

at Stanley on Hong Kong Island.

35.

The public sector investment over the years 10

railways, water supplies, schools, hospitals and

facilities, public housing and public

kinds has been massive.

But over three

roads,

other medical

building of all

quarters of all investment in Hong Kong has been undertaken

by the

the private sector. Apart from the privately owned

public utilities, this includes large numbers of factory

buildings and their plant and equipment, office, commercial

and hotel buildings and shopping complexes, and the rapidly

increasing stock of privately owned housing.

Large

projects, such as the Eastern Harbour Crossing, the Tate's

Cairn Tunnel and the most recent extensions

container terminal, are all long-term invest ments,

back periods extending well after 1997.

of the

with pay