1920-10-ST 23127
6.1.0
10
21.
But there are other
important aspects of our
financial strategy for the airport programme. The first is
the need to control te overall cost of the programme
effectively.
22.
sector
The second relates to the need to keep public costs to the minimum by encouraging private sector participation where
where tlis
tis makes
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 artly from the private sector.
23.
Private sector articipation not only reduces the requirement for public funds, it also introduces the
commercial disciplines and 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
in the
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% t 60% of the package of projects included in the total Port and Airport Development Strategy can
be financed by the private sector remains true.
No comments yet.
Private notes are available after approval.