TNAG-2142-FCO40-3061-Hong-Kong-Port-and-Airport-Development-Strategy-(PADS)-1990 — Page 76

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(c) a lot of the

port back-up

container lorry parking

facilities, e.g. for

and stacking, are already

The

being provided by the private sector.

to continue with this

Government

intends

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;

(a)

studies done So far

indicate that the airport at

private entity

to

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 finance, 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;

buildings.

e.g. air

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

of return, which Eastern Harbour Crossing and Tate's Cairn Tunnel;

(£)

studies done

favourably compares

with

the

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).