Nevertheless, having regard to the value of now works injected into the programme during 1002-83, and to
to estimated total
expenditure during this year, there should be room for atarts to. be made on about 05 billion worth of now projecta in 1983-84.
112. Annual expenditure on capital works in the Public Works Programme and on public housing projecte has increased from $6.8 billion in 1980-81, to $11.0 billion in 1901-82 and to $13.6 billion in 1982-83. Again, this rate of increase clearly cannot be sustained, particularly aï rovenuo from lånd calos, which has been contributing exceptionally to the financing of the capital account, is unlikely to
is unlikely to continuo at the high levels of recent years. The intention, theroforo, io to maintain expenditure in 1983-84 at about the level of the cuzzoat your. This should, however, enable work to proceed as planned on all our projects and programmes, including housing and our new town programmes in Tsuen Wan/Kwai Chung, Tuen Mun, Yuen Long, Sha Tin, Tai Po and Fanling. Sha Tin is being extended to include development at Ma On Shap and preliminary πόνο have beon made towazȧa the
establishment of the next now town at Junk Bay.
113.
•
the
We shall need to decide soon how
how boot to moat demands for urban growth and improvozante. in living standards which population increases and ` appipationo will continue to place upon
beyond Cho precont decade. Ragional and sub-regional studies aro now in hand to identify developmont options throughout Hong Kong We cia to complete these studies and the formulation of a long term dovolopment atrategy within the next twelve months. The choice of a particular strategy involves reconciling the domands of housing, industry, domestic and international transport, environmental factors and, of course, the availability of resources. Likowico, the quoation of replacing Kai Tak with a new international airport is the subject of detailed and on-going consideration within the Government, related as it is to the studies presently in hand.
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