:
(3)
34.
DEVELOPMENT OF INFRASTRUCTURE
(a) Land Supply
in the
A ready
The Government will continue to invest infrastructure necessary for our economic development. supply of land is essential for this purpose, but our land production programme should not be too influenced by short-term market conditions. The Special Committee on Land Supply has taken a long term view in assessing land requirements over the next five years, and the Government is committed to providing sufficient land to meet the needs of both the public and private sectors. The Government will continue to make available as much land as is required for genuine development, leaving it to the free operation of market forces to determine the development value of land. We have not had and do not have a "high land price" policy. In this financial year total land production is expected to be 593 hectares, including 77 hectares for industry. In each of the following two years, total land production is expected to exceed the figure for this
year.
35.
(b) Long-term Development Strategy
By the end of this decade, the new town development programmes already in train will be substantially complete. We must now decide on a development strategy which by the turn of the century can accommodate the needs of a population likely to be over 7 million people, as against just over 5 million at
present, and a workforce of about 3.4 million people, as against 2.4 million at present.
13
/36. To
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