- 29
Development of the new towns continues,
нак
expenditure at the rate of some $3 billion a year.
with
Work
has commenced on the construction of two new towns at Junk
Bay and Tin Shui Wai. The first stage of development at
Junk Bay will accommodate 75,000 people in public housing
and 48,000 people in private housing. The first public
housing intake is expected in early 1987. Work on the
first tube of the road tunnel linking East Kowloon to Junk
Bay started in November 1986.
area.
In addition to
to pushing on with the development
of the new towns, the Hong Kong Government has also
decided that a more systematic approach is necessary to
the redevelopment of some of the older parts of the urban
A statutory Land Development Corporation will be
responsible for devising and implementing specific
redevelopment schemes, either alone or in partnership with
existing owners.
The Provisional Board of the
Corporation was formed in September and the planning of
the first urban renewal projects is already underway.
Housing
For the seventh consecutive year the Hong Kong
Housing Authority has exceeded its annual target for the