PRIVATE PARTICIPATION : POSSIBILITIES AND RESTRAINTS
Main features
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-K
The HK Government's policy is to maximize private participation in the ACP. To achieve this, a project must show prospects of a reasonable return on investment, although many commercial operators are now prepared to take a long-terms view.
Infrastructure
developments
as
such show such
reclamation work would not potential unless land development rights were offered at little or no premium.
We estimate that tolls can be reasonably charged for the Western Harbour Crossing and the Lantau Fixed Crossing. The first is being tendered now on a BOT basis. a Franchise to operate the second will be let at a suitable time in the future. Route 3, the West Kowloon Expressway and the North Lantau Expressway will have to be undertaken by the Government, So as not to overburden the public with toll charges and create traffic delays at numerous toll-booths.
All
the support facilities for the new Airport will be privatised to the greatest extent possible. Revenues from franchises at the airport will go to the AA : this will reduce the demands on the Government for paid up equity and callable equity before and
after 1997.
Private sector participation: p.1 of 2
No comments yet.
Private notes are available after approval.