TNAG-2142-FCO40-3061-Hong-Kong-Port-and-Airport-Development-Strategy-(PADS)-1990 — Page 72

- 3.

billion,

billion).

Hong

plus

Lantau development and utilities $15

The overall costs are high, but not so high that

Kong cannot afford them.

It should be noted that

expenditure will be spread over a period of about fifteen years, if not longer, depending on demand and will be shared between the public and private sectors. Implementation of the various works will follow more detailed investigations,

feasibility and design studies drawing on

Many of these studies are

engineering

foreign and local expertise.

currently in progress. There will be rigorous control over

public expenditure.

Restraint will be exercised in

for other development projects;

providing resources

expenditure on existing service will be closely scrutinized. It is not possible at this stage to state

precisely what our financing package will be. Over the coming year, we will be refining the detailed options with.

the help of an

overall financial adviser to be appointed

shortly.

which

5. However, we already have a reasonably clear idea of projects will generate enough revenue to have private sector involvement and of the approximate split between public and private sector, based on internal studies plus

the views of merchant bank advisers. Subject to more

detailed studies, the split between public and private

sector is likely to be :