THURSDAY, JUNE 11, 1981
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$62 MILLION FOR NEW TOWN PROJECTS
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THE NEW TERRITORIES DEVELOPMENT DEPARTMENT OF THE PUBLIC WORKS DEPARTMENT TODAY SIGNED TWO CONTRACTS VALUED AT MORE THAN $62 MILLION, FOR THE DEVELOPMENT OF TUEN MUN NEW TOWN AND TAI PO NEW TOWN.
THE FIRST CONTRACT, WORTH MORE THAN $51 MILLION, IS FOR SITE FORMATION AND ROAD WORKS IN THE WESTERN PART OF TUEN MUN.
IT WAS SIGNED BY MR Y.Y. NG, CHIEF ENGINEER OF PWD'S TUEN MUN NEW TOWN DEVELOPMENT OFFICE AND A REPRESENTATIVE OF SANG LEE CONSTRUCTION COMPANY LIMITED.
A SPOKESMAN FOR THE OFFICE SAID THAT UNDER THE CONTRACT, ABOUT 5.3 HECTARES OF LAND WOULD BE FORMED AT HO TIN.
HE SAID, TOGETHER WITH THE ADJACENT AREA NOW BEING DEVELOPED, THE LAND WILL ENABLE ACCOMMODATION TO BE PROVIDED FOR SOME 34 000 PEOPLE IN PUBLIC HOUSING.+
THIS CONTRACT WILL ALSO INCLUDE THE RECONSTRUCTION AND WIDENING OF A SECTION OF MING KUM ROAD BETWEEN PUI TO ROAD AND SHEK PAI TAU ROAD TO A DUAL CARRIAGEWAY AND THE CONSTRUCTION OF TWO FOOTBRIDGES FOR PEDESTRIAN CROSSING.
WORK ON THIS CONTRACT WILL TAKE ABOUT 18 MONTHS TO COMPLETE.
THE SECOND CONTRACT, VALUED AT ABOUT $11.9 MILLION, IS FOR SITE FORMATION, ROAD AND DRAINAGE WORKS IN TAI PO.
IT WAS SIGNED BY MR C.W.D. TAYLOR, CHIEF ENGINEER OF TA! PO AND FANLING NEW TOWN DEVELOPMENT OFFICE AND A REPRESENTATIVE OF GAMMON (HONG KONG) LIMITED.
THE WORK WILL COMPRISE THE FORMATION OF ABOUT 5.7 HECTARES OF LAND FOR THE CONSTRUCTION OF FACTORY BUILDINGS, AN AMBULANCE DEPCT, A LINK ROAD BETWEEN TING KOK ROAD AND KWONG FUK ROAD AND ASSOCIATED DRAINAGE WORKS.
WORK ON THIS CONTRACT WILL TAKE ABOUT 15 MONTHS TO COMPLETE.
SURVEY OF OVERSEAS INDUSTRIAL INVESTMENT IN HONG KONG
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THE INDUSTRIAL DEVELOPMENT DIVISION OF THE TRADE INDUSTRY AND CUSTOMS DEPARTMENT WILL CONDUCT A FACT-FINDING SURVEY OF OVERSEAS INVESTMENT IN MANUFACTURING INDUSTRY.
THE PURPOSE OF THE SURVEY - WHICH WILL BE HELD FROM JUNE TILL AUGUST - IS TO UP-DATE THE DIVISION'S STATISTICS OF INDUSTRIAL ESTABLISHMENTS WITH OVERSEAS INTERESTS IN TERMS OF CAPITAL INVESTMENT, EMPLOYMENT AND PRODUCTION.
THE INFORMATION COLLECTED WILL ALSO ASSIST IN AN EVALUATION OF THE CONTRIBUTION OF OVERSEAS INVESTMENT IN THE MANUFACTURING INDUSTRY.
INDUSTRIAL ESTABLISEMENTS