XN000022-1990-11-16 — Page 15

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FRIDAY, NOVEMBER 16, 1990

"BY THE YEAR 2006, IT IS ANTICIPATED THAT THE NET LAND REVENUE AFTER DEDUCTING THE ENGINEERING COSTS IS LIKELY TO STAND AT $17 BILLION AT 1989 PRICES, HE ADDED.

TH

AS ANNOUNCED BY THE GOVERNMENT IN APRIL THIS YEAR, THE WEST KOWLOON RECLAMATION PROJECT IS DIVIDED INTO TWO MAIN PARTS -THE NORTHERN AREA AND THE SOUTHERN AREA.

THE NOTICES OF AUTHORISATION OF BOTH AREAS WERE PUBLISHED IN THE GAZETTE TODAY.

THE SOUTHERN AREA RECLAMATION COMPRISING 167 HECTARES OF SEABED WILL START IN EARLY 1991 AND IS SCHEDULED TO COMPLETE BY ABOUT THE END OF 1996.

WORKS WILL MAINLY BE RECLAMATION OVER THE EXISTING YAU MA ΤΕΙ TYPHOON SHELTER WHEN THE NEW TYPHOON SHELTER TO THE WEST OF THE EXISTING ONE IS COMPLETED BY AROUND EARLY 1993.

THE NORTHERN AREA RECLAMATION COVERING 190.8 HECTARES OF SEABED BE PHASED OVER A PERIOD OF FOUR YEARS, WITH THE FIRST CONTRACT COMMENCING IN APRIL 1991.

WILL

THE FIRST PHASE OF THE RECLAMATION WILL PROVIDE LAND REPROVISIONING OF EXISTING WATERFRONT USERS BEFORE THESE ARE INOPERATIVE THROUGH LOSS OF MARINE ACCESSES.

FOR THE RENDERED

WORK

WATERFRONT USERS WITHIN THE LIMITS OF THE SECOND PHASE OF WOULD BE NOTIFIED BY THE GOVERNMENT OF THE DATE WHEN RECLAMATION SHOULD AFFECT THEIR OPERATIONS.

DISCUSSIONS HAVE BEEN HELD BY THE GOVERNMENT WITH THE AFFECTED WATERFRONT USERS FOR SUITABLE REPROVISIONING ARRANGEMENTS,

CO. LTD'S

AN AREA OF FORESHORE AND SEABED AT NORTH TSING YI HAS BEEN IDENTIFIED FOR RELOCATION OF HONG KONG FERRY (HOLDINGS) EXISTING SHIPYARD AT TAI KOK TSUI SERVING THE FERRIES.

IN ADDITION, A SITE ON THE PROPOSED RECLAMATION NEAR TAI KOK TSUI WILL BE GRANTED TO THE COMPANY FOR REFUELLING AND MINOR REPAIR SERVICES WHICH IF MOVED TO NORTH TSING YI WOULD ENTAIL HIGH DEAD MILEAGE FOR ITS ENFRANCHISED FERRIES.

THE EXISTING FERRY PIERS AT JORDAN ROAD, TAI KOK TSUI AND SHAM PO WILL BE RATIONALISED AND RELOCATED TO THE EDGE OF THE NEW RECLAMATION.

SHUI

THE

MEANWHILE, A PERMANENT SITE AT SIU LAM, TUEN MUN HAD PREVIOUSLY BEEN PROPOSED TO BE RECLAIMED BY THE GOVERNMENT FOR RELOCATION OF EIGHT SHIPYARDS AT CHEUNG SHA WAN.

HOWEVER, ALL THE SHIPYARDS REJECTED THE PROPOSAL ON GROUNDS ITS PURPORTEDLY REMOTE LOCATION.

OF

/ANOTHER SITE