TNAG-2264-FCO40-3261-Hong-Kong-Port-and-Airport-Development-Strategy-(PADS)-gener-1991 — Page 6

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

PAA BUSINESS OBJECTIVES

OVERALL MANDATE

10

In the context of providing

competitive air transportation

infrastructure to sustain

and support growing Hong Kong economy, to develop, in a timely

manner, and manage an airport capable of handling air traffic projected for Hong Kong up to 2040"

KEY BUSINESS OBJECTIVES

Be commercially viable as an independent, legal entity

Provide sufficient incentives for private-sector companies to participate

Be self-funding beyond the initial Government equity contribution

Be operationally effective while meeting standard of services expected of major international airport

Maintain long-term strategic freedom to determine

How best the airport should evolve over time in response to changing circumstances

How value can best be created and shared between the public and private sectors

Meet the financial requirements established by the Government without needing Government guarantee

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