9
Friday, January 19, 1973
Reclamation of the remaining three acres will be the responsibility
of the successful tenderer.
A sea wall also will have to be built to the satisfaction of
the Public Works Department.
Advertisements offering the sale of the site will be placed in
newspapers in Common Market countries, the United States, Australia,
Japan and Hongkong.
March 15.
Tenders will be accepted in Hongkong between February 15 and
The successful tenderer is expected to be able to take possession
of the site early in April.
Future Development
The government's decision to sell the land will pave the way
for the planned future development of Tsing Yi Island.
The island, a predominantly rural area and home to about 3,500
people, has been earmarked as a future industrial centre with an ultimate
population of about 80,000.
The population of the neighbouring industrial towns of Tsuen
Wan and Kwai Chung is expected to increase from 325,000 people to 580,000
in the next three years.
Much of the labour force required for industries that establish
themselves on Tsing Yi Island will come from Tsuen Wan and Kwai Chung.
/Spearheading
Page 10Page 11