XN000022-1984-12-14 — Page 6

FRIDAY, DECEMBER 14, 1984

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THERE WILL BE A PHOTOGRAPHIC FACILITY AT THE DEPARTURE HALL +F INGER+ TO COVER HIS DEPARTURE. MEDIA REPRESENTATIVES SHOULD ASSEMBLE AT THE AIRPORT PRESS CONFERENCE ROOM NOT LATER THAN 8 PM. THEY SHOULD BRING WITH THEM PROOF OF IDENTITY.

LADY HOWE'S PROGRAMME

AT 3 PM ON DECEMBER 20, LADY HOWE WILL OPEN THE PRE-SCHOOL PLAYGROUPS ASSOCIATION AT BLOCK F, 1ST FLOOR, VICTORIA BARRACKS. THERE WILL BE A PHOTOGRAPHIC FACILITY FOR MEDIA REPRESENTATIVES TO COVER THE FUNCTION. THOSE COVERING THE FUNCTION SHOULD ASSEMBLE OUTSIDE THE ASSOCIATION'S PREMISES AT 2.30 PM. GIS OFFICERS WILL BE ON HAND TO ASSIST.

ACCORD REACHED ON WHAMPOA DOCK PROJECT

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THE GOVERNMENT ANNOUNCED TODAY (FRIDAY) THAT AGREEMENT HAD BEEN REACHED WITH THE HONG KONG AND WHAMPOA DOCK COMPANY ON THE TERMS NECESSARY TO ENABLE THE COMPANY TO COMPREHENSIVELY REDEVELOP ITS HUNG HOM DOCKYARD.

THE 19-HECTARE AREA WILL BE REDEVELOPED IN PHASES OVER SEVERAL YEARS TO PROVIDE UP TO 11 224 FLATS AT AN AVERAGE FLAT SIZE OF 63 SQUARE METRES, AND 157 000 SQUARE METRES OF SHOPS AND OFFICE ACCOMMODATION SPACE.

AS PART OF THE +PACKAGE+, AND IN PHASE WITH THE PROVISION OF THE RESIDENTIAL AND COMMERCIAL ACCOMMODATION, THE DOCK COMPANY WILL BE REQUIRED TO PROVIDE EDUCATION FACILITIES, A MARKET, COMMUNITY FACILITIES, A PUBLIC TRANSPORT TERMINUS AND INDOOR RECREATION FACILITIES TO CATER FOR THE ANTICIPATED POPULATION OF 45 000.

THE DEVELOPMENT WILL BE INTERSPERSED WITH OVER SIX HECTARES OF OPEN SPACE, MORE THAN HALF OF WHICH WILL BE AT GROUND LEVEL AND THE REMAINDER AT PODIUM LEVEL.

+A PREMIUM OF $390 MILLION HAS BEEN AGREED, AND IN ADDITION THE DOCK COMPANY WILL BE ENTRUSTED WITH, AND WILL FINANCE THE CONSTRUCTION OF MAJOR ROADWORKS AND ROAD IMPROVEMENTS OUTSIDE THE REDEVELOPMENT AREA AT AN ESTIMATED COST OF $250 MILLION, A GOVERNMENT SPOKESMAN SAID.

+ THE EXISTING GODOWN ACCOMMODATION TO THE EAST OF THE SITE WILL REMAIN, BUT THE AGREED TERMS DO NOT ALLOW FOR ANY ADDITIONAL INDUSTRIAL OR GODOWN ACCOMMODATION WITHIN THE REDEVELOPMENT AREA.

+THIS IS PROBABLY THE LAST LARGE PRIVATELY OWNED SITE WITHIN THE URBAN AREA CAPABLE OF COMPREHENSIVE REDEVELOPMENT ON THIS SCALE, AND DEMONSTRATES A HIGH DEGREE OF CONFIDENCE IN HONG KONG'S FUTURE ON THE PART OF HONG KONG AND WHAMPOA DOCK COMPANY.+

THE PREMIUM WAS PAID, AND FORMAL DOCUMENTATION COMPLETED TODAY.

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