TNAG-2141-FCO40-3060-Hong-Kong-Port-and-Airport-Development-Strategy-(PADS)-1990 — Page 135

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An entertaining performanic by the F.S. Interesting to note that nearly all the questions were political.

Colls.

Thursday, April 19, 1990.

PORT AND AIRPORT DEVELOPMENT INFORMATION UNIT

VERBATIM TRANSCRIPT.

PRESS CONFERENCE FINANCIAL SECRETARY

SIR PIERS JACOBS

НКС 18212

-CEIVED IN RI

NIE

3 1 MAY 1990

i

Y

What I want to talk to you about this afternoon, in fact, is not PADS, It's ADS. I am only going to talk to you about the airport not the port - if we could just clarify that point.

I thought it would be timely for me to come down and speak to you because, as you probably know we have recently established a Provisional Airport Airport Authority and we have also appointed Bechtel as our project management team, or as our project coordinators. So these are two, actually, quite significant events, as this particular project unfolds. So, as I say, I thought it would be timely to come down and see you.

Much has happened since we decided to go ahead with the new airport last October. As I have said, we have established the Provisional Airport Authority and we have appointed project managers, so my purpose this afternoon is basically to update you on these developments and also to set out some of the milestones that you should watch for, some of the developments that are likely to take place, in the next few months.

The first point I would like to make by way of background is to give you reasons why we have embarked on this major infrastructural project and why we believe it to be essential.

And the first point I would like to make is that, from the various studies that we have carried out, it is clear that Kai Tak will be saturated by about the middle of this decade, 94-95, so if we fail to provide adequate airport facilities in Hong Kong we will incur substantial economic disbenefits.

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