10
-
16
21.
But there are
other important aspects of our
financial strategy for the airport programme.
The first is
the need to control the overall cost of the programme
effectively.
22.
sector
The second relates to the need to keep
to keep public
costs to the minimum by encouraging private sector
participation where this makes financial sense. This
strategy is founded on Hong Kong's successful experience in
funding projects like the container terminals and various
major tunnels, wholly or partly from the private sector.
23.
Private sector participation not only reduces the
requirement for public funds, it also introduces the
commercial disciplines and efficiencies of
efficiencies of the private sector. The exact mix of public and private sector funding
will emerge gradually as refined cost estimates, revenue
projections and financial analyses of the various projects
become available in the coming months. This mix must
ensure that we obtain the best overall results for Hong
Kong in the longer term. I am confident that the original
estimate that some 40% to 60% of the package of projects
included in the Port and Airport
Port and Airport Development Strategy can
be financed by the private sector remains true.
I'd 3660 SP8 258
(SпOH NODE BODO SWWOO PS:02 TE-OT-0661
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