WEDNESDAY, MARCH 2, 1983
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LAND GRANT TO HONG KONG INDUSTRIAL ESTATES CORPORATION
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DEVELOPMENT OF THE TAI PO INDUSTRIAL ESTATE TOOK ANOTHER STEP FORWARD WHEN DOCUMENTS WERE SIGNED TODAY FOR THE GRANT OF AN ADDITIONAL 20.5 HECTARES OF LAND TO THE NORTH OF TAI PO HOI TO THE HONG KONG INDUSTRIAL ESTATES CORPORATION.
THIS MEANS THAT THE CORPORATION WILL NOW HAVE MORE INDUSTRIAL LAND IN TAI PO AND BE ABLE TO SUB-LEASE INDIVIDUAL LOTS IN THIS ADDITIONAL AREA TO SELECTED INDUSTRIALISTS.
THE DOCUMENTS WERE SIGNED THIS AFTERNOON BETWEEN THE DIRECTOR OF LANDS, MR JOHN TODD, AND THE CHAIRMAN OF THE CORPORATION, MR LI FOOK-WO.
MR TODD SAID THAT UNDER THE CONDITIONS OF THIS PRIVATE TREATY GRANT THE CORPORATION WAS REQUIRED TO FORM AND RECLAIM ANOTHER 15 HECTARES OF LAND WHICH WOULD THEN BE HANDED BACK TO THE GOVERNMENT FOR THE PURPOSES OF ROADS, A WATER TREATMENT PLANT, A PUMPING STATION AND OTHER USES.
+ THE FIRST PHASE OF THIS SITE FORMATION WORK BEGAN IN JANUARY LAST YEAR AND IS EXPECTED TO BE COMPLETED BY THE END OF THIS MONTH WHILE THE REST WILL BE COMPLETED BY 1985, + MR TODD SAID.
THE INDUSTRIAL ESTATE CATERS FOR INDUSTRIES WHICH CANNOT OPERATE IN ORDINARY MULTI-STOREY INDUSTRIAL BUILDINGS AND WHICH INTRODUCE A HIGH LEVEL OF TECHNOLOGY,
A SPOKESMAN FOR THE HONG KONG INDUSTRIAL ESTATES CORPORATION SAID THAT RECLAMATION OF STAGES 1 AND 2 OF THE TAI PO INDUSTRIAL ESTATE TOTALLING 46 HECTARES, HAD BEEN COMPLETED WITH ALL THE ESSENTIAL SERVICES INCLUDED. AT PRESENT, 37 FACTORIES HAD TAKEN UP SITES AND 20 OF THEM ALREADY IN OPERATION. ABOUT 18 HECTARES OF LAND WERE STILL AVAILABLE.
THE LATEST GRANT FORMS THE THIRD STAGE OF DEVELOPMENT OF THE TAI PO INDUSTRIAL ESTATE.
THE SPOKESMAN SAID THAT THE YUEN LONG INDUSTRIAL ESTATE WOULD BE COMPLETED LATER THIS YEAR TO PROVIDE 67 HECTARES OF INDUSTRIAL SITES.
+AT PRESENT, 17 HECTARES ARE AVAILABLE FOR LEASING, HE ADDED.
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