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In January this year, the HKMA Working Party on Payment and Settlement System recommended Hong Kong to move to RTGS as soon as possible.
Having accepted the Working Party's recommendation, the HKAB in June commissioned Mr Paul Whitmore as the Project Co-ordinator to undertake the feasibility study.
end/Monday, December 5, 1994
Study on Central and East Kowloon Development
The Director of Planning, Dr Peter Pun, today (Monday) signed a consultancy agreement with Shankland Cox Limited to commission the firm to undertake a study on the Central and East Kowloon Development Statement (CEKDS).
A spokesman for the Planning Department said the study aimed to provide a planning framework to guide the planning and development of Central and East Kowloon up to 2011.
"The Development Statement is to translate the broad Metroplan concepts into specific district planning targets," the spokesman said.
"It is the fifth to be prepared for the metropolitan area. So far Development Statements for West Kowloon, Tsuen Wan Kwai Tsing and South East Kowloon have been completed, and that for Hong Kong Island West is under preparation.
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"The areas for the CEKDS cover east of the Kowloon- Canton Railway Terminus and north of the Kai Tak Airport, including the Hung Hom Bay Reclamation, Ho Man Tin, Kowloon Tong, Wong Tai Sin, Ngau Tau Kok, Kwun Tong and Yau Tong.
"As compared to the other metro districts, much of Central and East Kowloon has been developed in the relatively recent past.