XN000022-1988-04-06 — Page 2

WEDNESDAY, APRIL 6, 1988

$4.39 BILLION FOR CONTAINER TERMINAL 7

BEEN AWARDED GOVERNMENT ANNOUNCED

ΤΟ

CONTAINER TERMINAL 7 AT KWAI CHUNG HAS HIT LIMITED FOR A PREMIUM OF $4.39 BILLION, THE TODAY (WEDNESDAY).

HIT LIMITED IS AN ASSOCIATED COMPANY OF HONGKONG TERMINALS LIMITED.

NEW TERMINAL,

INTERNATIONAL

NOW UNDER SEA. IT

THE

ADJACENT TO TERMINAL 6 CONSTRUCTION, WILL BE BUILT ON LAND TO BE RECLAIMED FROM THE WILL HAVE AN AREA OF 31.5 HECTARES.

SIGNING TERMINAL TO BE

THE PURCHASER WILL BE GIVEN 12 MONTHS FROM THE DATE OF

FOR DEVELOPMENT OF THE THE AGREEMENT TO SUBMIT HIS PLANS INCLUDING DETAILS OF ROADS, ANY BUILDINGS, QUAYS OR STRUCTURES CONSTRUCTED ON THE SITE AND THE TIMING OF DEVELOPMENT WORKS,

THE GOVERNMENT

AVAILABLE A BORROW AREA

THE ON FILL FOR THE SOUTHWEST OF TSING YI ISLAND FOR HIT LIMITED TO OBTAIN RECLAMATION WORKS IF REQURIED.

MAKE WILL

UNDER THE SALES CONDITIONS THE TERMINAL WILL OPERATION IN PHASES OVER A PERIOD OF 60 MONTHS.

WITHIN 18 MONTHS HIT LIMITED WILL BE REQUIRED LOT SUFFICIENTLY TO BE ABLE TO OPERATE ONE CONTAINER 54 MONTHS, TO BE ABLE TO OPERATE TWO BERTHS.

BE BROUGHT INTO

ΤΟ DEVELOP THE BERTH AND, AFTER

OPERATIONAL BY CONTAINER SHIPS OF 750,000 TEU'S

THE THREE-BERTH TERMINAL WILL NEED TO BE FULLY

CAPABLE OF BERTHING THREE 1993 WHEN IT SHOULD BE SIMULTANEOUSLY AND MAINTAINING. A HANDLING CAPACITY (TWENTY-FOOT EQUIVALENT UNITS) PER ANNUM.

STRINGENT ENVIRONMENTAL CONDITIONS WILL BE APPLIED CONSTRUCTION PERIOD AND AFTER THE TERMINAL IS OPERATING.

+

ΤΟ PURCHASER THE

DURING THE

ENSURE THAT NUISANCE THESE REQUIRE

VICINITY OF ANNOYANCE TO OWNERS OR OCCUPIERS OF PREMISES IN THE LOT AND BORROW AREAS IS AVOIDED.

OR THE

THE FILL WILL THEREBY AVOIDING THE USE OF ROADS

ON

IN THE EVENT THAT THE LAND BORROW AREA IS USED, BE LOADED DIRECTLY ON TO BARGFS TSING YI.

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