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THURSDAY, MAY 24, 1979
CONTRACT FOR $13.1 MILLION ROAD PROJECT SIGNED
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WORK WILL BEGIN NEXT WEEK ON A 1.2-KILOMETRE ROAD ON THE RECLAIMED LAND SOUTH OF TAI YUEN HOUSING ESTATE NOW UNDER CONSTRUCTION IN TAI PO.
CONTRACT FOR THE WORK, WORTH MORE THAN $13.1 MILLION, WAS FORMALLY SIGNED TODAY (THURSDAY).
MR. GEORGE CHIEN, CHIEF ENGINEER OF THE TAI PO AND FANL ING DEVELOPMENT OFFICE, SIGNED ON BEHALF OF THE PUBLIC WORKS DEPARTMENT AND MR. K. INOUCHI, OF NISSAN CONSTRUCTION - CO. LTD.
A PWD SPOKESMAN SAID THAT THE PROJECT WOULD INCLUDE THE LAYING OF A 1.5-KILOMETRE TRUNK SEWER AND THE CONSTRUCTION OF A BUS TERMINUS.
THE NEW ROAD, HE ADDED, WOULD SERVE THE COMMERCIAL AND RESIDENTIAL AREA TO BE DEVELOPED ON THE RECLAIMED LAND.
MEASURING ABOUT 22 HECTARES, THE AREA WILL HAVE SCHOOLS, A MULTI-STOREY CAR PARK, OPEN SPACE AND A TOWN SQUARE.
THE PROJECT, WHICH FORMS PART OF THE TAI PO DEVELOPMENT PROGRAMME, WILL TAKE ABOUT 10 MONTHS TO COMPLETE.
THE WORKS HAVE BEEN DESIGNED AND CONSTRUCTION WILL BE SUPERVISED BY THE CONSULTING ENGINEER, MAUNSELL CONSULTANTS ASIA, FOR THE NEW TERRITORIES DEVELOPMENT DEPARTMENT OF THE PUBLIC WORKS DEPARTMENT.
CONSUMER PRICE INDEX
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THE CONSUMER PRICE INDEX (A) AND CONSUMER PRICE INDEX (B) FOR LAST (APRIL) MONTH WERE 137 AND 136 RESPECTIVELY. COMPARED WITH THE PREVIOUS MONTH, C.P.I. (A) ADVANCED BY FOUR POINTS AND C.P.I. (B), BY THREE POINTS.
THE C.P.I. (A) IS BASED ON WEIGHTS DERIVED FROM THE EXPENDITURE OF HOUSEHOLDS SPENDING BETWEEN $400 - $1,499 A MONTH AND THE C.P.I. (B), BETWEEN $1,500 - $2,999 A MONTH IN THE HOUSEHOLD EXPENDITURE SURVEY, 1973-74.
THE SECTION