WEDNESDAY, MARCH 2, 1977
15
OVER 260 ACRES OF LAND TO BE FORMED
IN NEW TOWNS
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THE GOVERNMENT IS EXPECTED TO SPEND ABOUT $457 MILLION IN 1977-78 ON THE INFRASTRUCTURE WORKS TO DEVELOP NEW TOWNS WHERE 264 ACRES OF LAND INCLUDING 47 ACRES FOR INDUSTRIAL USE WILL BE FORMED IN THE COMING FINANCIAL YEAR, THE FINANCIAL SECRETARY, THE HON. PHILIP HADDON-CAVE SAID TODAY.
IN HIS BUDGET SPEECH TO THE LEGISLATIVE COUNCIL, HE SAID: +THIS INFRASTRUCTURE COMPRISES THE FORMATION OF LAND FOR BOTH PUBLIC AND PRIVATE DEVELOPMENT, THE PROVISION OF ROADS, SERVICES AND WATER SUPPLIES AND THE BUILDING OF COMMUNITY FACILITIES.+
HE SAID DURING 1976-77, $297 MILLION WOULD HAVE BEEN SPENT ON SUCH WORKS IN THE NEW TOWNS AND COMPARABLE FIGURES FOR THE MARKET TOWNS AND RURAL TOWNSHIPS WERE $7 MILLION IN 1976-77 AND $43 MILLION IN 1977-78.
THE AMOUNT OF LAND FORMED IN THE NEW TOWNS IN 1976-77 WILL TOTAL 119 ACRES, OF WHICH 22 ACRES WOULD BE FOR INDUSTRY.
IN THE MARKET TOWNS AND RURAL TOWNSHIPS ONLY EIGHT ACRES WILL HAVE BEEN FORMED IN 1976-77 BUT, IN 1977-78, 114 ACRES WILL BE FORMED OF WHICH FIVE ACRES WILL BE INDUSTRIAL LAND.
THIS DOES NOT INCLUDE THE TAI PO INDUSTRIAL ESTATE WHERE A TOTAL OF 79 ACRES OF INDUSTRIAL LAND WILL HAVE BEEN FORMED BY MARCH 1978.
ON THE DEVELOPMENT OF VARIOUS NEW TOWNS, MR. HADDON-CAVE SAID THE EMPHASIS ON DEVELOPMENT IN TSUEN WAN NEW TOWN WOULD STILL BE ON THE PROVISION OF MORE LAND IN TSING YI AND ON THE DEVELOPMENT OF COMMUNITY FACILITIES IN THE OLD TOWN.
+THE DEVELOPMENT OF SHA TIN NEW TOWN IS LESS ADVANCED. AND THE EMPHASIS THERE WILL STILL BE ON THE PROVISION OF LAND AND BASIC ENGINEERING SERVICES TO PERMIT FURTHER DEVELOPMENT.
+A UNIQUE FEATURE OF THE DEVELOPMENT OF SHA TIN NEW TOWN IS THE SUBSTANTIAL INVOLVEMENT OF PRIVATE DEVELOPERS WHO ARE FORMING LARGE AREAS OF LAND FOR THE GOVERNMENT.
+ IN RETURN, + SAID THE FINANCIAL SECRETARY, THE DEVELOPERS WILL RETAIN SOME OF THE LAND THEY HAVE FORMED.
MR. HADDON-CAVE ALSO SAID THAT ENGINEERING DEVELOPMENT WORKS WOULD CONTINUE TO BE GIVEN PROMINENCE IN TUEN MUN NEW TOWN, WHERE DEVELOPMENT ON STAGE IB WOULD BE WELL UNDER WAY THIS YEAR, WITH INVESTIGATIONS CONTINUING INTO THE SUBSEQUENT DEVELOPMENT OF STAGE 11.
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