XN000022-1987-10-26 — Page 5

MONDAY, OCTOBER 26, 1987

MILLION.

FOR

THE OTHER SITE, LOCATED AT ON LOK TSUEN, FANLING, WAS

$8.7 LIMITED FOR EASTERN SKY DEVELOPMENT AND/OR GODOWN USE, BUT NOT FOR OFFENSIVE TRADES.

SOLD INDUSTRIAL

то

BIDDING OPENED AT $8 MILLION.

ACCORDING TO

CONDITIONS, SALE COMPLETE A GROSS FLOOR AREA OF BEFORE SEPTEMBER 30, 1991.

NOT LE99

IS THE BUYER

REQUIRED THAN 3,300 SQUARE

ΤΟ

METRES

TODAY'S AUCTION

TOOK PLACE

AT

THE HOTEL

CONDUCTED BY GOVERNMENT LAND AGENT, MR N.P. BURLEY, AND LANDS DEPARTMENT,

FURAMA AND OF THE BUILDINGS

WAS

$820-MILLION TIN SHUI WAI CONTRACT SIGNED

AWARD DEPARTMENT

IN THE NORTHWESTERN THE DEVELOPMENT OF TIN SHUI WAI NEW TOWN NEW TERRITORIES TODAY (MONDAY) TOOK BIG A STEP FORWARD WITH THE

THE TERRITORY DEVELOPMENT OF A $820-MILLION CONTRACT BY FOR FORMATION OF LAND IN THE AREA.

THE CONTRACT

TERRITORY DEVELOPMENT, MR W.K. KWOK, AND REPRESENTATIVES OF A JOINT

CHINA COMPRISING

VENTURE COMPANY CORPORATION AND

BAUAKTIENGESELLSCHAFT.

WAS

SIGNED

THIS MORNING

BY THE DIRECTOR OF

STATE

CONSTRUCTION

A

WEST GERMAN

CONTRACTOR,

BILFINGER,

ENGINEERING BERGER

TOWN WILL OWNERSHIP SCHEME HOME

HOUSE 140,000

AND ESTATES

BE FORMED INITIAL DEVELOPMENT OF PEOPLE IN IN PRIVATE

GOVERNMENT TO OF THE TOTAL

UNDER THE CONTRACT, ABOUT 240 HECTARES OF LAND WILL AND MAIN DRAINAGE CONSTRUCTED TO ENABLE THE THE NEW TOWN TO BEGIN. THE NEW PUBLIC HOUSING AND

DEVELOPMENTS.

INCLUDED IN THE CONTRACT IS A PROVISION FOR THE AUTHORISE THE JOINT VENTURE COMPANY TO COMPLETE THE FORMATION

488 HECTARES AT A ENTIRE TIN SHUI WAI LANDHOLDING

OF SOME

CONTRACT PRICE OF JUST UNDER $1 BILLION.

TAKE

ABOUT 37 MONTHS TO TO 20 MILLION CUBIC URMSTON ROAD TO

WORK WILL START ON NOVEMBER 2 AND COMPLETE. IT WILL INVOLVE THE EXTRACTION OF UP METRES OF SAND FROM A MARINE BORROW AREA LOCATED IN THE NORTH OF LUNG KWỤ CHAU.

THE

MATERAL FILL

WILL

THEN BE

TRANSPORTED

BY SEA TO A ON TO ΤΟ FORM THE

REHANDLING BASIN OFF LAU FAU SHAN FROM WHERE IT WILL BE PUMPED SHORE AND DEPOSITED WITHIN THE TIN SHUI WAI LANDHOLDING LAND FOR DEVELOPMENT.

THE WORK

BE WILL

SUPERVISED

BY

THE

GOVERNMENT

CONSULTANTS, BINNIE AND PARTNERS (HONG KONG).

15

APPOINTED