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FRIDAY, MAY 16, 1980
+THESE WORKS WILL BE CARRIED OUT IN THREE STAGES OVER A PERIOD OF ABOUT 12 YEARS AT AN ESTIMATED COST OF AROUND $1 100 MILLION, MR MCDONALD SAID.
THE FIRST STAGE OF THE WORKS WILL INCLUDE THE CONSTRUCTION OF A RECEPTION TANK AND A LARGE PUMPING STATION AT MUK WU, AN AQUEDUCT FROM MUK WU TO TAI LAM CHUNG RESERVOIR AND A PUMP ING STATION AT FANL ING. IN ADDITION, THE PUMPS AT TAI PO TAU AND TAI MEI TUK WILL NEED TO BE ENLARGED.
LAND SALE BY TENDER *****
TWO LOTS OF CROWN LAND FORECAST FOR SALE IN THE COMING MONTHS WILL BE SOLD BY TENDER INSTEAD OF AUCTION AS ORIGINALLY PLANNED.
THE AMENDMENTS WERE MADE TO THE PROVISIONAL LAND SALES FORECAST FOR THE PERIOD APRIL 1 TO SEPTEMBER 30, 1980, PREVIOUSLY ANNOUNCED BY THE CROWN LANDS AND SURVEY OFFICE OF THE PUBLIC WORKS DEPARTMENT,
THEY RELATE TO TWO LARGE SITES - ONE IN HARCOURT ROAD (3 300 SQUARE METRES) AND THE OTHER IN CANTON ROAD AT THE CORNER OF HAIPHONG ROAD (6 600 SQUARE METRES).
A NOTICE CONCERNING THE SALE OF THE FIRST SITE IN HARCOURT ROAD WILL BE PUBLISHED IN THE GOVERNMENT GAZETTE ON MAY 30.
A SPOKESMAN FOR THE CROWN LANDS AND SURVEY OFFICE SAID THAT THESE TWO VALUABLE SITES COULD ACHIEVE EXTREMELY HIGH SALE PRICES WHICH WOULD NOW BE PAYABLE WITHOUT THE BENEFIT OF INSTALMENTS AND THE TENDER APPROACH WOULD ALLOW BIDDERS TO ARRANGE THEIR FINANCING ACCORDING TO THE ACTUAL BID MADE.
+THIS WILL ALSO HAVE THE BENEFIT OF GIVING THE GOVERNMENT THE OPPORTUNITY TO EXAMINE THE STATUS AND FINANCIAL RESOURCES OF BIDDERS BEFORE ENTERING INTO A CONTRACT,+ HE ADDED.
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