3.
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Development of the 870-bed Alice Ho Miu Ling Nethersole Hospital with 642 beds in Tai Po at a cost of $1.2 billion for completion in 1996.
Redevelopment of the HK Stadium funded by the RHKJC with a budget of $850 million and completion in 1994.
Expansion of the Vocational Training Council's facilities including construction of a new Training Centre Complex, Technical College and extension and alteration of existing institutions to be completed by September 1993 at a cost of $767 million.
Private Projects
Hong Kong very successful in encouraging private sector participation in infrastructure building and management :
* Western Harbour Crossing at an estimated construction cost of $5 billion to link West Kowloon and Hong Kong Island West. Completion expected by Mid-1997. Franchise award planned for
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mid-1993.
Development rights for Container Terminal 8 were granted in March 1991, which upon completion in April 1995 will increase HK's container terminal capacity from present 5.4 million TEUS to 7.2 million TEUS per year.
5 new hotels are expected to be operational this year increasing the supply of hotel rooms by 2,300 (33,411 in 1992).
Citicorp Plaza, a twin-tower complex opened in 1992.
74 ha Ocean Park opening new attractions.
All major private projects have pay-back periods well beyond 1997.
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