TNAG-2255-FCO40-3239-Hong-Kong-Port-and-Airport-Development-Strategy-(PADS)-gene-1991 — Page 101

CONFIDENTIAL # 3

7

(d) licensing of air transport operators; and

(e) Hong Kong's relations with

Conclusion

bodies including the

Aviation Organisation.

international

International

Civil

10.

as the

We see the establishment of an Airport Authority

best and most economically efficient institutional

framework for building and managing the new airport at Chek

Lap Kok.

11.

The MTRC provides an excellent example of how this

institutional structure has worked in managing another key

area of the Hong Kong

responsible since

economy.

The MTRC has been

1975 for the financing, construction and

management of a major infrastructural facility. Over the

years the

Corporation has spent some $26 billion on three

railway lines.

manages

billion.

It now employs some 5,000 employees and

successfully

an

operating budget in excess of $1

CONEIDENTIAL *k na