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TUESDAY, FEBRUARY 8, 1983
+
MR CHAU SAID THAT THE STUDY, RECOMMENDED IN THE 1981 REPORT OF THE SPECIAL COMMITTEE ON LAND SUPPLY, WOULD EXAMINE AND REPORT ON THE LEGAL, FINANCIAL AND INSTITUTIONAL IMPLICATIONS AND REQUIREMENTS OF SUCH LAND DEVELOPMENT CORPORATIONS.
IT WILL ALSO LOOK AT HOW THEY WILL RELATE TO EXISTING
GOVERNMENT DEPARTMENTS CONCERNED WITH LAND AND BUILDING DEVELOPMENT.
+ANOTHER AIM OF THE STUDY IS TO DEVELOP A FRAMEWORK INVOLVING GOVERNMENT, DEVELOPERS AND EXISTING PROPERTY OWNERS IN LAND ASSEMBLY, CLEARANCE, SITE FORMATION, FINANCING, DEVELOPMENT, AND THE DISPOSAL AND MANAGEMENT OF COMPLETED PROJECTS,+ MR CHAU SAID.
+SPECIAL CONSIDERATION WILL BE GIVEN TO THE REQUIREMENTS FOR REHOUSING AND COMPENSATION OF EXISTING RESIDENTS AND THE REPROVISIONING OF ACTIVITIES AFFECTED BY ANY SUCH SCHEMES, AND ALSO TO THE SATISFACTORY PROVISION, MANAGEMENT AND MAINTENANCE OF NON-PROFIT-MAKING ELEMENTS SUCH AS COMMUNITY FACILITIES AND PUBLIC OPEN SPACES.+
THE CONSULTANTS HAVE BEEN ASKED TO EXAMINE THREE SPECIFIC SITUATIONS WHERE LAND DEVELOPMENT CORPORATIONS MIGHT PROVE A FEASIBLE AND SUITABLE MEANS FOR IMPLEMENTING THE GOVERNMENT'S DEVELOPMENT PLANS.
+THESE ARE NEW TOWN DEVELOPMENT, THE UPGRADING AND DEVELOPMENT OF RURAL AREAS AND URBAN RENEWAL AND THEY WILL ALSO LOOK AT A SPECIFIC EXAMPLE OF EACH,+ MR CHAU SAID.
LAND FORMATION, SERVICING, AND NEW TOWN DEVELOPMENT ASPECTS, HE ADDED, WOULD BE STUDIED BY USING A DEVELOPMENT PACKAGE IN THE PROPOSED JUNK BAY NEW TOWN AS AN EXAMPLE, WHILE RURAL UPGRADING AND DEVELOPMENT PROBLEMS WOULD BE CONSIDERED USING AN AREA WITHIN THE TUEN MUN AND YUEN LONG CORRIDOR+.
THE POSSIBILITIES OF URBAN RENEWAL THROUGH COMPREHENSIVE REDEVELOPMENT AND ENVIRONMENTAL IMPROVEMENT WILL BE INVESTIGATED IN ONE OF THE OLDER URBAN AREAS YET TO BE CHOSEN.
+THE EXPERIENCE OF SIMILAR ORGANISATIONS WHICH HAVE BEEN SET UP OVERSEAS AND ITS RELEVANCE TO THE HONG KONG SITUATION WILL ALSO BE CONSIDERED, MR CHAU SAID.
*WITHIN HONG KONG THE REASONS FOR THE SUCCESSFUL OPERATION OF CORPORATE BODIES SUCH AS THE MASS TRANSIT RAILWAY CORPORATION AND THE HONG KONG INDUSTRIAL ESTATE CORPORATION WILL BE ANALYSED.+
HE SAID THAT THE CONSULTANTS WOULD ALSO SEEK THE VIEWS OF PROPERTY DEVELOPMENT COMPANIES, BANKS, TRADING FIRMS, CORPORATE PROPERTY OWNERS AS WELL AS FOREIGN INVESTORS.
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