XN000022-1973-01-19 — Page 10

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Friday, January 19, 1973

Reclamation of the remaining three acres will be the responsibility

of the successful tenderer.

A sea wall also will have to be built to the satisfaction of

the Public Works Department.

Advertisements offering the sale of the site will be placed in

newspapers in Common Market countries, the United States, Australia,

Japan and Hongkong.

March 15.

Tenders will be accepted in Hongkong between February 15 and

The successful tenderer is expected to be able to take possession

of the site early in April.

Future Development

The government's decision to sell the land will pave the way

for the planned future development of Tsing Yi Island.

The island, a predominantly rural area and home to about 3,500

people, has been earmarked as a future industrial centre with an ultimate

population of about 80,000.

The population of the neighbouring industrial towns of Tsuen

Wan and Kwai Chung is expected to increase from 325,000 people to 580,000

in the next three years.

Much of the labour force required for industries that establish

themselves on Tsing Yi Island will come from Tsuen Wan and Kwai Chung.

/Spearheading

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