MONDAY, MAY 18, 1992
+
THE MAIN SUPPORT TOWERS WILL BE CONSTRUCTED OF CONCRETE AND WILL BE MORE THAN 200 METRES HIGH. VEHICULAR TRAFFIC WILL BE RUNNING ON THE STEEL BRIDGE DECK AT A HEIGHT OF NEARLY 80 METRES ABOVE THE WATER OF MA WAN CHANNEL.
THE BRIDGE IS DESIGNED TO CARRY A DUAL THREE-LANE EXPRESSWAY ON THE TOP DECK. IT WILL ALSO HAVE A LOWER DECK CARRYING THE AIRPORT RAILWAY AND A TWO-LANE SHELTERED ROADWAY FOR USE IN EMERGENCIES AND BAD WEATHER.
WORK
ON
THE BRIDGE WILL START ON MAY 25, 1992 AND WILL TAKK ABOUT FIVE YEARS TO COMPLETE.
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GOVT LAND SOLD FOR $541.65M
*
TWO PIECES OF GOVERNMENT LAND WERE SOLD FOR A TOTAL OF $541.65 MILLION IN A PUBLIC AUCTION BY THE BUILDINGS AND LANDS DEPARTMENT THIS (MONDAY) AFTERNOON.
THE FIRST LOT IS LOCATED AT AREA 30, TAI PO, NEW TERRITORIES.
THE SITE HAS AN AREA OF ABOUT 14,540 SQUARE METRES AND IS
PURPOSES, RETAIL SHOPS,
A
EARMARKED FOR PRIVATE RESIDENTIAL
SUPERMARKET AND A PUBLIC CAR PARK AND SUCH ANCILLARY USES.
IT WAS SOLD TO TIME RANK LIMITED AT $533 MILLION WITH BIDDING OPENED AT $390 MILLION.
THE BUILDING COVENANT STIPULATES THAT THE DEVELOPER HAS ΤΟ COMPLETE A GROSS FLOOR AREA OF NOT LESS THAN 13,894 SQUARE METRES ON OR BEFORE JUNE 30, 1996.
THE OTHER LOT IS LOCATED AT ON CHUEN STREET, ON LOK TSUEN, FANLING, NEW TERRITORIES.
WITH AN AREA OF ABOUT 471 SQUARE METRES, THE SITE IS INTENDED FOR INDUSTRIAL AND/OR GODOWN PURPOSES (EXCLUDING OFFENSIVE TRADE AND ANY 'GODOWN FOR DANGEROUS GOODS).
THE LOT IS BOUGHT BY V-DAY LIMITED AT $8.65 MILLION. BIDDING
· OPENED AT $7.5 MILLION.
ACCORDING TO THE BUILDING COVENANT, THE DEVELOPER HAS COMPLETE A GROSS FLOOR AREA OF NOT LESS THAN 1,415 SQUARE METRES OR BEFORE JUNE 30, 1996.
TO
20
ON
THE AUCTION, HELD IN THE CITY HALL THEATRE, WAS CONDUCTED GOVERNMENT LAND AGENT, MR JOHN CORRIGALL.
BY
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