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Financially independentand sustainable• Logistics nodes and facilities• Under-utilised land in KTCTsLand resource• Subsidised by ship registration fee and tonnage feeFinancial resourceFigure 58. Ways of ensuring financial sustainability for proposed statutory bodyStrategiceconomicstatutorybodyLand in the logistics nodes can be injected into the statutory body to ensure its financial sustainabilityWe therefore recommend that the Government upgrades or consolidates the HKMPB, LOGSCOUNCIL and the HKTDC to form a new statutory body for the development of our strategic industries. One of the possible challenges in setting up a statutory body would be the financial implications, such as the cost of additional staff and funding for new initiatives. This issue can be solved by injecting land from the proposed logistics nodes into the statutory body to ensure its financial sustainability. The port back-up facilities surrounding the KTCTs can also be injected into the statutory body to enhance their utilisation efficiency. In the same way that the AAHK receives airport charges such as ground handling service and cargo revenues as income, the statutory body can take ship registration and tonnage fees as another source of income (Figure 58).92