XN000022-1979-04-29 — Page 3

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SUNDAY, APRIL 29, 1979

+HOWEVER, WHERE IT IS POSSIBLE LAND WILL ALSO BE MADE AVAILABLE BY THE NORMAL LETTER 'B' OR AUCTION PROCESS IN ORDER TO CREATE A BALANCED RELATIONSHIP BETWEEN HIGH DENSITY INDUSTRIAL CONCERNS AND THOSE THAT ARE LAND INTENSIVE.+

DEVELOPMENT PROJECTS HAVING BEEN SET UP OR ARE UNDERWAY ON THE ISLAND INCLUDE THOSE BY DOW CHEMICALS, OUTBOARD MARINE, TAI TUNG, FEOSO OIL, CHEMSYN, HONG KONG UNITED DOCKYARD, EUROASIA AND YOU LIAN - ALL OF WHICH ARE LAND-INTENSIVE DEVELOPMENTS.

THESE PROJECTS REPRESENT_INVESTMENTS OF WELL OVER $1,000 MILLION AND SHOULD BE OF GREAT LONG-TERM BENEFIT TO HONG KONG.

TS ING YI ISLAND IS AT PRESENT LINKED TO THE MAINLAND BY A ROAD BRIDGE, BUILT ACROSS THE 608-METRE WIDE RAMBLER CHANNEL BY SIX MAJOR COMPANIES OPERATING ON THE ISLAND IN 1974. THE GOVERNMENT CONTRIBUTED TO THE PROJECT BY BUILDING THE APPROACH ROADS ON EITHER SIDE.

+A SECOND BRIDGE JOINING THE NORTH-EAST TIP OF TSING YI AND TSUEN WAN IS BEING PLANNED.

+THERE ARE INDICATIONS THAT THIS SECOND BRIDGE WILL BE REQUIRED BY THE EARLY 1980S BUT THE TIMING OF ITS CONSTRUCTION WILL DEPEND ON THE RATE OF DEVELOPMENT ON THE ISLAND, MR. BEESON NOTED.

AS PART OF THE OVERALL PLAN, A MAJOR ROAD SYSTEM WILL BE BUILT FOR THE ISLAND FROM WHICH A SERIES OF SECONDARY AND LOCAL DISTRIBUTOR ROADS WILL LEAD INTO ALL AREAS.

+TSING YI HAS ALREADY ESTABLISHED ITSELF AS A KEY INDUSTRIAL CENTRE BECAUSE OF ITS RELATIVELY CENTRAL LOCATION, ONLY A FEW MILES FROM KOWLOON, AND BECAUSE IT PROVIDES A CONSIDERABLE AMOUNT OF LAND WITH DEEP WATER MARINE ACCESS, + MR. BEESON SAID.

+ITS PROXIMITY TO THE BOOMING INDUSTRIAL TOWN OF TSUEN WAN AND THE KWAI CHUNG CONTAINER TERMINAL IS LIKEWISE AN OBVIOUS ATTRACTION.

+NOT ONLY WILL THE PLANTS ON TSING YI MAKE A VALUABLE CONTRIBUTION TO INDUSTRIAL AND ECONOMIC GROWTH, THEY WILL PROVIDE PARTICULARLY GOOD EMPLOYMENT OPPORTUNITIES TO THE LOCAL WORKFORCE AND OTHER SKILLED WORKERS, HE ADDED.

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