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Wednesday, October 17, 1973
INDUSTRIAL LAND POLICY TO BE REVISED
More Sites For Special Industries May Be Sold Soon
The government has re-examined its industrial land policy and has
concluded that some revision may be desirable, the Governor, Sir Murray
·
MacLehose, announced today.
Addressing the opening session of the Legislative Council, he
also revealed that more sites for special industries may soon be offered
for sale on a restricted user basis, similar to the Tsing Yi Island site
sold in April this year.
The shortage of land for private development was also apparent,
the Governor added.
"A determined search has therefore been made for large blocks of
unformed land that could be made available quickly for private development,"
he said, adding that the results would shortly be explained by the
Secretary for Environment.
Sir Murray felt that there was not so much an absolute shortage
of land as lack of access communications that make land attractive to
developers.
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"It is against this background that we are pressing on with a second
turmal to Shatin and a motorway to Castle Peak, and both in due course
will open up other substantial areas for development, as will the now bridge
to Tsing Yi Island in itself a monument to the far-sightedness of our
entrepeneurs,
Lantau