FRIDAY, SEPTEMBER 29, 1978
TENDERS FOR THE SITE, PUBLISHED IN TODAY'S GOVERNMENT GAZETTE, WILL CLOSE ON OCTOBER 27, THIS YEAR.
THE ESTATE SURVEYOR (TSING YI) OF THE TSUEN WAN DISTRICT OFFICE, MR. HUMPHREY BEESON, SAID TODAY ONE OF THE KEY CONDITIONS WOULD ALLOW THE SUCCESSFUL TENDERER TO DEVELOP THE FLOOR AREA OF THE PLANT TO A MAXIMUM OF 24,000 SQUARE METRES - MORE THAN 250,000 SQUARE FEET.
+THE CONDITIONS SPECIFY THE MANUFACTURE AND STORAGE OF HYDROGEN, CHLORINE, CAUSTIC SODA AND OTHER APPROVED CHEMICALS,+ MR, BEESÓN SAID.
+THE CONDITIONS ARE SPECIALLY DESIGNED TO ENCOURAGE FURTHER DEVELOPMENT IN THE TEXTILES CHEMICALS FIELD ALLOWING INTERESTED COMPANIES TO FORMULATE THE IR PLANS WITHOUT HAVING TO COMPETE AGAINST PROPERTY DEVELOPERS SPECIALISING IN GENERAL INDUSTRIAL DEVELOPMENT.+
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MR. BEESON POINTED OUT THAT WHILE THE TOPOGRAPHY OF THE SITE WOULD REQUIRE FORMATION WORKS TO OBTAIN THE MAXIMUM ADVANTAGE, IT WAS LOCATED IN A VERY ATTRACTIVE AREA FOR INDUSTRIALISTS.
+ IT IS CLOSELY LINKED BY ROAD TO THE CONTAINER PORT COMPLEX AND THE INDUSTRIAL AND COMMERCIAL CENTRES OF TSUEN WAN AND KWAI CHUNG.
+AND TSING YI ITSELF IS DEVELOPING QUICKLY INTO A SELF CONTAINED COMMUNITY OF ABOUT. 190,000 BY THE MID-80S WHEN THE ISLAND'S WORK FORCE WILL BE AN ESTIMATED 34,000.
+THE POPULATION HAS ALREADY DOUBLED TO MORE THAN 20,000 WITH THE COMPLETION OF THE CHEUNG CHING HOUSING ESTATE.+
MR. BEESON SAID THAT ALTHOUGH THE SITE CARRIED A BUILDING COVENANT OF $6.2 MILLION OVER 36 MONTHS, THE SUCCESSFUL TENDERER WOULD OBVIOUSLY INVEST MANY MILLIONS OF DOLLARS IN DEVELOPING THE CHEMICALS PLANT.
MR. BEESON SAID THAT TSING YI HAD ALREADY ESTABLISHED ITSELF AS A KEY INDUSTRIAL CENTRE WITH COMPANIES LIKE FEOSO, DOW CHEMICALS, CHEMSYN, AND OUTBOUND MARINE.
ANOTHER SITE ON THE EAST COAST WAS BEING DEVELOPED BY THE TAI TUNG MACHINE TOOL MANUFACTURING GROUP AND PLANS WERE ALSO WELL ADVANCED FOR THREE DOCKYARDS ON THE WEST COAST.
+MOST OF THE SPECIALIST INDUSTRY SITES HAVE NOW BEEN TAKEN UP BUT THERE MAY BE ROOM FOR FURTHER DEVELOPMENT ALONG THESE LINES IN THE NEXT COUPLE OF YEARS,+ HE SAID.
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