XN000022-1974-02-02 — Page 5

Daily Information Bulletin 新聞公報 All

Saturday, February 2, 1974

4

C.P.0. SITE TO BE USED FOR COMMERCIAL DEVELOPMENT

The present General Post Office site is to be used for

commercial development.

Commenting on this today, a Government spokesman said the

decision had been reached after careful consideration of all the varying

claims for land in the Central District.

In particular, the need for open space and circulation arcas had

boon considered in some detail.

The conclusion was that the Central District was already better

served in this respect than most urban areas of Hong Kong. The waterfront

was being redeveloped to provide an extensive public concourse; Statue

Square was only a few minutes away from the G.P.0. site and the present

Cricket Club grounds nearby were earmarked for a public park.

"While consideration will continue to be given to the needs for

open space in the Central District, it is felt that office workers in the

vicinity of the present G.P.0. building are already well catered for,"

he commented.

"There is a pressing need for further commercial and office

development in this area," he added. "This is the inevitable outcome of

increasing confidence in Hong Kong's growth as a financial centre.

"The planned redevelopment of several buildings in the Central

District by the Hong Kong Land Investment Company Ltd. is now at an

advanced stage, and the designe include extensive elevated walkways and

pedestrian bridges.

"The designs

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