XN000022-1991-08-08 — Page 11

THURSDAY, AUGUST 8, 1991

10

CITIBANK NOT IN DIFFICULTIES: SMA

CITIBANK DAVID NENDICK IN THIS WAY BECAUSE

COMMENTING ON LARGER THAN USUAL WITHDRAWALS FROM SOME BRANCHES TODAY, THE SECRETARY FOR MONETARY AFFAIRS, MR SAID THERE WAS NO REASON FOR THE PUBLIC TO ACT THE BANK WAS NOT IN ANY DIFFICULTIES.

HE NOTED THAT RUMOURS WERE CIRCULATING ABOUT SOME BANKS.

"THESE ARE TOTALLY WITHOUT FOUNDATION," HE SAID.

"THOSE SPREADING

CONDEMNED," HE ADDED.

RUMOURS ARE IRRESPONSIBLE

AND ARE TO BE

CONSULTANCY AGREEMENTS FOR DETAILED DESIGN OF ROUTE 3

BETWEEN

CONSULTANCY NORTHWEST

THE HIGHWAYS DEPARTMENT HAS AWARDED A $120 MILLION

OF ROUTE 3 FOR THE DETAILED DESIGN OF A SECTION TSING YI AND WEST KOWLOON,

THE DETAILED DESIGN THE CONSULTANCY WHICH INVOLVES INITIALLY

WILL ALSO AND PREPARATION OF CONTRACT DOCUMENTS FOR TENDER PURPOSES, PROVIDE FOR SUBSEQUENT SUPERVISION OF CONSTRUCTION OF THE PROJECT.

KWEI SEE-KAN, TODAY (THURSDAY) THE DIRECTOR OF HIGHWAYS, MR

WESTERN SAID ROUTE 3 WAS A STRATEGIC NORTH TO SOUTH EXPRESSWAY ON THE

CIRCULAR ROAD TO SIDE OF THE TERRITORY LINKING THE NEW TERRITORIES THE WESTERN SIDE OF HONG KONG ISLAND.

IT PROVIDED A DIRECT LINK FOR TRAFFIC COMING AND NORTHWEST NEW TERRITORIES TO URBAN AREA.

FROM

FROM THE BORDER

TSING

3

NORTHWEST

YI TO HE SAID THE SECTION OF ROUTE

INFRASTRUCTURE PROJECTS TRANSPORT WAS ONE OF THE WEST KOWLOON ESSENTIAL FOR THE OPERATION OF THE FUTURE CHAK LAP KOK AIRPORT.

IT WOULD INTERCHANGE WITH THE TSING MA BRIDGE AT THE CORNER OF TSING YI AND WOULD CONNECT WITH THE WEST KOWLOON NEAR MEI FOO.

OF

ROUTE

3

NORTHWEST EXPRESSWAY

MAINLY

THE

THREE-LANE CHANNEL

INCLUDED SECTION THE WORKS OF THIS

3 INTERCHANGE, 1.5-KILOMETRE CONSTRUCTION OF THE ROUTE TWIN TUNNELS THROUGH TSING YI, A 500-METRE LONG CROSS RAMBLER BRIDGE AND 3.7-KILOMETRE OF DUAL FOUR-LANE VIADUCT IN KWAI CHUNG AREA.

MR KWEI SAID THE DETAILED DESIGN WOULD WOULD TAKE ABOUT 12 MONTHS TO COMPLETE.

START IMMEDIATELY AND

/CONSTRUCTION WORK