TNAG-2140-FCO40-3059-Hong-Kong-Port-and-Airport-Development-Strategy-(PADS)-1990 — Page 70

(c)

TRANSPORT

-6-

Rail

Loan (to Rail Corp.)

1997

1992

Lantau Fixed Crossing

BOO/BOT (Note 2)

1996

1991

North Lantau-

Green Island

BOO/BOT

2004

1998

Note 1: B00 = Build, own and operate by the private sector Note 2: BOT = Build and operate by the private sector for a certain

period and then transfer to the Government

8.

A further

elaboration of some of the reasons why these

projects are thought to be attractive to the private sector is

as follows :

(a) all container terminals in Hong Kong are privately

financed, built and operated. They have proved to

be a very attractive commercial enterprise;

(b)

multi-purpose terminals are another type of port facility. They are more versatile than container

terminals and can handle cargo from different

types of ships. Hong Kong does not yet have any

purpose-built multi-purpose terminals. However,

studies done So far indicate that they would be

commercially viable;