20.
V.
Failure to provide an additional parallel north-south
transport link in Kowloon on the Reclamation would
require that this be built separately at additional
cost.
vi. Construction of the entire project on BOT basis would
provision of
of vital
unnecessarily put at risk the
strategic facilities.
1997.
In sum, Mr. Wu's Proposal would require significant
additional expenditure prior to the airport opening in
Equally important, the cash flow required would be
heavily front-end loaded and therefore unattractive,
especially on the proposed BOT basis. Mr. Wu's Proposal is
silent on the potential Government support and assurances
that might be required.
Programming
21. In order to develop a programme for Mr. Gordon Wu's
Proposal, comparable to that for the core PADS projects the
construction periods identified by Mr. Wu in his report
have been adopted and certain assumptions regarding
duration of the front-end activities have been included.
The latter provide for all the various alignment studies,
site investigations, committing investors and lenders, and
Governmental approval processes which would be required
prior to competitive bidding for either a Government or a
BOT project.
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