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THURSDAY, NOVEMBER 14, 1974 ·
+SOME 1,340 ACRES OF LAND ARE, OR WILL SHORTLY BECOME AVAILABLE IN THE THREE TOWNS, WHILE THE IMPETUS OF CURRENT BUILDING PROJECTS IS BEING MAINTAINED WITH 175,000 UNITS OF PUBLIC HOUSING CURRENTLY UNDER CONSTRUCTION.
+IN ADDITION, PROPOSALS ARE WELL ADVANCED FOR PRIVATE DEVELOPERS TO FORM SOME 240 ACRES OF LAND, RETAINING 64 ACRES FOR PRIVATE HOUSING AND HANDING THE REMAINDER BACK TO GOVERNMENT FOR PUBLIC HOUSING, COMMUNITY FACILITIES AND OTHER USES.+
SUMMING UP, MR. BELL SAID THE PAST YEAR HAD BEEN ONE OF CONTINUING ENDEAVOUR AND MUCH HAD BEEN ACHIEVED. +AS TO THE FUTURE, WORKS WILL CONTINUE ON A BROAD FRONT.+
MUCH HAD BEEN SAID ABOUT +CUTS+ IN THE PUBLIC WORKS PROGRAMME. +THIS IS SIMPLY NOT TRUE ALTHOUGH A REASSESSMENT OF PRIORITIES HAS RESULTED IN A REPHASING OF CERTAIN PROJECTS.
+AS EVIDENCE OF THE MAGNITUDE OF THE CAPITAL WORKS IN THE PUBLIC WORKS PROGRAMME, EXPENDITURE IN THE CURRENT FISCAL YEAR IS EXPECTED TO BE ABOUT $1,500 MILLION, WHICH IS SOME 50 PER CENT MORE THAN THAT SPENT IN THE PREVIOUS YEAR. EVEN ALLOWING FOR INFLATIONARY TRENDS AND HIGHER COSTS OF CONSTRUCTION, THIS SUM STILL REPRESENTS A FORMIDABLE INCREASE.+
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