88.    Capital expenditure finances investments in infrastructure and the like.  We will continue to allocate resources where they are required to meet the long-term development needs of Hong Kong .  We are delivering the commitment made last year to set aside an average of about $29 billion a year on works projects.  We will actively consider channelling capital and talent in the private sector into designing, constructing and managing suitable projects.

89.    Capital expenditure for 2005?6 is estimated to be $39.8 billion.  Over the next five years, capital expenditure will amount to about $43 billion a year on average.

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