Like the MTRC and the KCRC, the Airport Authority received government equity injections to get the project rolling. And like the two railway corporations, we expect the Airport Authority to eventually repay that equity injection - and then be ready for privatisation. The Authority derives income from areas such as airport landing fees and charges, retail franchises, office rentals and advertising. It also has a valuable land bank on the airport island which it can utilise for commercial gain. The Authority has a great deal of flexibility in the use of its assets in order to maximise returns.
Privatisation is a natural progression from corporatisation.
The success of the MTRC, for example, makes it a prime candidate. Within this fiscal year we will bring forward a bill to privatise a substantial minority share of the MTRC through a public offering. All of this is fine for railways, roads and airports. In March this year, in the annual Budget, I announced plans to develop a high-tech Cyberport in Hong Kong. This is a strategic information technology infrastructure project.