10.
terms are allowed in respect of older properties
until such time as redevelopment takes place.
Capital Works Programme
18.
The Capital Works Programme (sometimes
referred to as the Public Works Programme) consists
of land acquisition, buildings, engineering works
(including civil engineering and highways), new
towns and public housing (other than public housing
constructed by the Hong Kong Housing Authority) and
waterworks projects which have been approved by
the Finance Committee of the Hong Kong Legislative
Council for implementation.
19.
The government's Estimates for the 1984-85
financial year indicate that, as at 31 March 1984,
approved projects in the Capital Works Programme at
a total estimated cost of HK$50,000 million were in
various stages of development and that a total of
HK$23,000 million remained to be expanded on these
projects. As some of these projects are completed,
new projects will from time to time be added to
the Capital Works Programme, having regard to approved
policies and programmes and the constraints of
financial and land resources.