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WEDNESDAY, MAY 11, 1988
YEAR IN
MR JACOBS NOTED THAT VISIBLE PROGRESS WAS MADE IN THE THE CONSTRUCTION OF PHASE ONE OF THE LIGHT RAIL TRANSIT SYSTEM IN NORTHWEST NEW TERRITORIES, WHICH WAS DUE FOR COMMISSIONING THIS YEAR.
THE
IN AUGUST
SIX
"THE CORPORATION HAS ALSO EMBARKED ON THE DESIGN WORK OF ADDITIONAL REGIONAL LINKS TO COMPLETE THE FULL REGIONAL SAID.
SYSTEM, HE
"GOOD PROGRESS HAS BREN ACHIEVED ON THE TWO PROPERTY DEVELOPMENT PROJECTS ABOVE THE LIGHT RAIL TRANSIT PIERHEAD 1 ERMINUS AND DEPOT IN TUEN MUN AND DETAILED ARRANGEMENTS FOR A PACKAGE DEVELOPMENT DEAL INVOLVING THREE SITES ALONG THE KCR HAVE BEEN MADE.
"THE CORPORATION HAS ALSO COMMENCED STUDIES ON THE FEASIBILITY OF HAVING PROPERTY DEVELOPMENT ABOVE THE REMODELLED KCR DEPOT AND WORKSHOPS AT HO TUNG LAU.
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MR JACOBS SAID THE CORPORATION'S BUSES BEGAN OPERATION IN SEPTEMBER, PROVIDING FEEDER SERVICES TO THE KCR AND INTERNAL SERVICES IN THE NORTHWEST TRANSIT SERVICE AREA, WITH ENCOURAGING PASSENGER GROWTH IN THE LAST QUARTER.
"ADDITIONAL ORDER FOR BUSES HAS BEEN PLACED TO PROVIDE THE NECESSARY BACK-UP FOR THE LIGHT RAIL TRANSIT SYSTEM, HE ADDED.
P
THE FINANCIAL SECRETARY POINTED OUT THAT THE KOWLOON-CANTON RAILWAY CORPORATION HAD DEMONSTRATED ITS SUCCESS AS A RESPONSIBLE AND EFFICIENT CORPORATION RENDERING A VARIETY OF TRANSPORT AND ASSOCIATED SERVICES TO THE COMMUNITY.
"WITH THE FUNDS GENERATED FROM THE RAILWAY OPERATION, THE CORPORATION IS PLANNING ΤΟ UNDERTAKE A NUMBER OF MAJOR INFRASTRUCTURAL PROJECTS AND TO UPGRADE THE RAILWAY FACILITIES 80 AS TO KEEP PACE WITH THE CONTINUED POPULATION GROWTH IN THE NEW TERRITORIES AND THE GROWTH IN PASSENGER AND FREIGHT MOVEMENTS BETWEEN HONG KONG AND CHINA," HE SAID.
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