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Thursday, January 10, 1974
The spokesman said that the company's expanded plans gave a
major boost to the government's efforts to attract technologically
advanced industries to Hong Kong.
"This is a further indication of the new impetus which is being
given to industrial development in Hong Kong under the government's
modified land policy permitting grants of land on special terms for
selected industries unsuitable for high-rise buildings," he added.
Approval in principle has already been given for a 10-acre site
on Tsing Yi Island to be made available for the construction of a $100
million plastics manufacturing plant, which will be the largest of its
type in the world.
polyester
An application for a site to be granted for the manufacture of
an important raw material for Hong Kong's textile industry
is now under discussion.
TWO-WAY TRAFFIC RESUMES ALONG ELECTRIC ROAD
The section of Electric Road between Watson Road and North Point
Road has been reverted back to two-way traffic following the completion of
trench works in the area.
CMB buses No. 23 will resume their journeye on Electric Road.
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