TNAG-2790-FCO40-4029-Future-of-Hong-Kong-1993 — Page 76

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

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CONFIDENTIAL #

Issue

Objective/explanation

Secretary for Treasury (Cont'd)

Container Terminal No. 10 (CT 10)

Land Development Progress Committee approved the preferred concept plan for Phase I of the Lantau Port Development in August 1992. To meet forecast port demands, CT10 is scheduled to be operational in mid 1997; this also ties in with the opening of the Lantau Fixed Crossing. Preliminary design for CT10 and associated facilities including back-up area and road links have to start around mid 1993.

Present status/progress

China interest*

UK interest*

LegCo Finance Committee approved funds for site investigations and design on 11 June.

China has withheld

agreement for CT9. Given the delay,

some

consortium members have suggested that CT 9 is no longer financially viable. FB has carried out a study and doubts whether this is more than a ploy to

argue for a smaller premium.

CONFIDENTIAL ##

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