TNAG-2140-FCO40-3059-Hong-Kong-Port-and-Airport-Development-Strategy-(PADS)-1990 — Page 71

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(c) a lot of the

container lorry

Government

port back-up facilities, e.g. for parking and stacking, are already

intends

being provided by the private sector.

The

to continue with this

arrangement but to improve upon it by making land

available for such use on a long-term basis rather

than the present rather ad hoc approach based on

short term land tenancies;

(d)

studies done SO far indicate that the airport at

Chek Lap Kok should be commercially viable (with a

rate of return on equity of around 20% on a 3:1

debt to equity financing arrangement). We have

already received various expressions of interest,

including an approach by a private entity to

finance,

buildings.

e.g. air

construct and operate passenger terminal The other facilities at the airport,

cargo terminal, catering aircraft repair, currently being financed and provided for

private sector at Kai Tak. We expect that

facilities at Chek Lap Kok would also prove

attractive to private sector investors;

etc are

by the

similar

(e) studies done so far indicate that the Lantau Fixed

Crossing is a robust project with an over 20% rate

return, which compares favourably with the

Eastern Harbour Crossing and Tate's Cairn Tunnel;

of

(£) studies done SO far indicate that an airport railway, providing a dedicated and a public service.

from Central to the airport, would be viable

(around 16% rate of return on a 3:1 debt to equity

ratio).