XN000022-1987-07-27 — Page 2

$100 N LOAN TO LAND DEVELOPMENT CORPORATION APPROVED

*

A LOAN OF THE FINANCE COMMITTEE HAS APPROVED THE GRANTING OF

THE

LOAN DEVELOPMENT

FUND TO FROM

THE UP TO $100 MILLION

LAND FINANCE THE ESTABLISHMENT OF THE DEVELOPMENT CORPORATION (LDC) TO

CORPORATION AND ITS INITIAL OPERATION.

IN

IS AIMED THE OLDER

THE CORPORATION, TO BE SET UP FORMALLY THIS OCTOBER,

REDEVELOPMENT PROJECTS UNDERTAKING AT PROMOTING AND URBAN AREAS OF HONG KONG, KOWLOON AND THE NEW TERRITORIES.

A GOVERNMENT SPOKESMAN SAID TODAY (MONDAY) THAT A

THE ESTABLISHMENT OF COUNCIL IN JUNE, 1985.

A

LDC WAS FIRST

APPROVED

THE PROPOSAL FOLLOWED EARLIER WHICH THE GOVERNMENT AND PRIVATE DEVELOPERS WHICH INCLUDED THE CO-ORDINATION OF

PROPOSAL ON

BY THE

EXECUTIVE

IN

ATTEMPTS AT URBAN RENEWAL

ENCOUNTERED DIFFICULTIES, PRIVATE AND GOVERNMENT INTERESTS PROBLEMS ARISING FROM THE

IN AREAS WITH REDEVELOPMENT POTENTIAL AND FRAGMENTED OWNERSHIP OF BUILDINGS IN SUCH AREAS.

AUGUST TO ADVISE ON

THE SPOKESMAN POINTED OUT THAT A PROVISIONAL LDC BOARD, CHAIRED BY THE SECRETARY FOR LANDS AND WORKS, HAD BEEN SET UP LAST OVERSEE THE ESTABLISHMENT OF THE STATUTORY CORPORATION, TO THE RECRUITMENT OF A CHIEF EXECUTIVE AND TO UNDERTAKE PRELIMINARY WORK ON THE IDENTIFICATION OF AREAS SUITABLE FOR REDEVELOPMENT BY THE LDC.

NEW BORDER CONTROL FACILITIES AT LOK MA CHAU

專業

NEW BORDER CONTROL FACILITIES WILL SOON

BE BUILT AT LOK MA BETWEEN HONG

CHIAU TO SPEED UP THF PROCESSING OF VISITORS AND CARGOES KONG AND CHINA.

SAID THE SUPERVISE

THIS WAS DISCLOSED TODAY (MONDAY) BY A PROJECT ARCHITECT OF THE ARCHITECTURAL SERVICES DEPARTMENT, MR JORGE GRACA, WHO ALSO DEPA.C:NENT HAD CALLED FOR TENDERS FOR THE PROJECT AND WOULD ITS CONSTRUCTION.

THE WORK IS EXPECTED TO START IN OCTOBER AND THE END OF 1988.

BE COMPLETED BY

MAIN TERMINAL BUILDIN ANIMAL INSPECTION STATION,

THE FACILITIES TO BE BUILT INCLUDE A

AN BUILDINGS, TWO CARGO EXAMINATION WEIGH-BRIDGE, A HELICOPTER PAD AND POLICE POST, MR GRACA BAID.

/THE TERMINAL

I