XN000022-1986-03-11 — Page 13

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TUESDAY, MARCH 11, 1986

+WE ANTICIPATE THAT AS THE TAI PO INDUSTRIAL ESTATE REACHES ITS FULL CAPACITY LATER THIS YEAR, THE INDUSTRIAL LAND AVAILABLE IN THE YUEN LONG INDUSTRIAL ESTATE WILL QUICKLY BE TAKEN UP,+ HE SAID.

+OUR VISIT TODAY, APART FROM ENABLING US TO EXCHANGE VIEWS WITH OFFICIALS OF THE INDUSTRIAL ESTATE CORPORATION, ALSO ALLOWS OUR MEMBERS TO STUDY ON-THE-SPOT. THE SUCCESS OF OUR COUNTERPART. THIS WILL HELP US FORMULATE OUR FUTURE STRATEGY IN ENCOURAGING INDUSTRIALISTS TO ESTABLISH A BASE IN YUEN LONG.

+ IT IS ENCOURAGING TO LEARN FROM THE CORPORATION THAT THE NUMBER OF ENQUIRIES FROM BOTH LOCAL AND OVERSEAS INDUSTRIALISTS ABOUT THE YUEN LONG INDUSTRIAL ESTATE HAS BEEN PICKING UP.+

MR TAI WAS CONFIDENT THAT WITH SO MANY MAJOR DEVELOPMENTS COMING UP IN THE NEXT FEW YEARS, THE YUEN LONG INDUSTRIAL ESTATE WOULD SOON BECOME A POPULAR INDUSTRIAL INVESTMENT HEADLAND.

CITING EXAMPLES, HE SAID THE MOST PROMISING DEVELOPMENT WOULD BE THE CONSTRUCTION OF THE NEW LIGHT RAIL TRANSIT SYSTEM WHICH WOULD GREATLY IMPROVE THE TRANSPORTATION BETWEEN YUEN LONG AND TUEN MUN.

THE OTHER LARGE PROJECT WAS THE CONSTRUCTION OF HONG KONG'S THIRD CROSS-BORDER HIGHWAY AT LOK MA CHAU WHICH WOULD LINK UP WITH THE NEW TERRITORIES CIRCULAR ROAD, PROVIDING A FAST ACCESS TO CHINA UPON ITS COMPLETION IN 1988.

+ THE IMPROVED COMMUNICATION NETWORK WILL GREATLY ENHANCE YUEN LONG'S STRATEGIC POSITION AS A COMMERCIAL CENTRE OR SERVICE SUPPORT BASE FOR ESTABLISHING BORDER TRADE OPERATIONS.+

MOREOVER. THESE MAJOR TRANSPORTATION SYSTEMS ARE BEING MATCHED BY NEW HOUSING PLANS.

THE LONG PING ESTATE WHICH IS VIRTUALLY NEXT TO THE INDUSTRIAL ESTATE IS NEARING COMPLETION. THE FIRST INTAKE OF POPULATION WILL COMMENCE IN ABOUT TWO MONTHS AND BY 1987, IT WILL HOUSE 40 000 PEOPLE. IN THE 1990'S, COUPLED WITH THE POPULATION OF THE TIN SHUI WAI NEW TOWN, YUEN LONG WILL HAVE AN AMPLE SUPPLY INDUSTRIAL WORKFORCE,

DURING TODAY'S VISIT, BOARD MEMBERS WERE BRIEFED BY THE CORPORATION'S MANAGER, MR FRANCIS LEUNG, AFTER WHICH THEY TOUKEU A FACTORY IN THE ESTATE WHICH MANUFACTURES ALUMINIUM BEVERAGE CANS, AND THE TAI PO SEWAGE TREATMENT PLANT.

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