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6.

Good progress has been achieved on the two

property development projects above the Light Rail Transit

Pierhead terminus and depot in Tuen Mun and detailed

a package development deal involving exerting mainline

arrangements

for

three sites along the KCR has been made. The Corporation

has also

also

commenced commenced studies on the feasibility of having

property development above the remodelled KCR depot and

workshops at Ho Tung Lau.

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SAX, The Zorporation's buses commenced operation in

September, providing feeder services to the KCR and

internal services in the North-west Transit Service Area,

with encouraging passenger growth in the last quarter.

Additional order for buses has been placed to provide the

necessary back-up for the Light Rail Transit system.

8.

The Kowloon-Canton Railway Corporation has

demonstrated its success as responsible and efficient

Corporation rendering a variety of transport and

associated services to the community With the funds

generated from the railway operation, the Corporation is

planning to undertake a number of major infrastructural

projects and to upgrade the railway facilities SO as to.

keep pace with the continued population growth in the New

Territories and the growth in passenger and

movements between Hong Kong and China.

freight

Je.

7

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