TNAG-2145-FCO40-3064-Hong-Kong-Port-and-Airport-Development-Strategy-(PADS)-1990 — Page 104

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29.

But there is another option that we will need to

Borrowing by

consider further, and that is borrowing.

we

statutory corporations such as the Mass Transit Railway

Corporation is already a well-established way

well-established way of funding,

and clearly one

one of the methods that the Airport Authority

is likely to use. Also,

must not lose sight of the

possibility of judicious borrowing by the Hong Kong

Government itself, a well-tried method elsewhere for

financing major capital projects and smoothing public

sector cashflow. I have made no decision yet as to whether

this is an option we should actually pursue, but

revert to the issue in my Budget Speech next year.

I

will

Conclusion

colleague

30.

secured

sir,

our longer term economic growth can only be

by ensuring that our physical infrastructure

remains adequate to

adequate to facilitate the

the efficient movement of

people and goods in and out of Hong Kong. This is crucial

to maintaining our position as a major finance, trade and

services centre for the Asia Pacific region. The bew

airport is an important part of that infrastructure.

the

AS

Secretary for Economic Services has already pointed

out, Kai Tak is expected to reach saturation as early as

1993. Thereafter, growth will be constrained because of

limited capacity, and this could have an impact on our

my

economic growth.