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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