PCPD details Cyberport dispute with government

Comment: readers will recall we criticised this interventionist property project, announced by Donald Tsang in his 1999 budget and awarded to Richard Li without tender. Now it turns out that they left a loophole in the definition of "deficit" in the agreements - PCPD says it excludes depreciation, while the Government says it doesn't. The difference: about HK$1.2bn of taxpayer's money.

Organisations

HONG KONG CYBERPORT MANAGEMENT COMPANY LIMITED 香港數碼港管理有限公司
PACIFIC CENTURY PREMIUM DEVELOPMENTS LIMITED
PCCW LIMITED 電訊盈科有限公司

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Government intervention

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