XN000022-1992-01-29 — Page 39

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WEDNESDAY, JANUARY 29, 1992

WILL PROVIDE TWO EXISTING

THE BRIDGE WILL COST ABOUT $145 MILLION AND

TRAFFIC ADDITIONAL

LANES ADJACENT TO THE CONSTRUCTION IS PLANNED TO START IN THE SECOND HALF OF THIS TO BE COMPLETED IN EARLY 1995.

GOVERNMENT A HAD BEEN

DISTRICT

BRIDGE. YEAR AND

THE

SPOKESMAN SAID TODAY (WEDNESDAY) CONFLICTING EXPRESSED WITHIN THE SOUTHERN

ON

ALIGNMENT OF THE SECOND BRIDGE.

VIEWS

FAVOURED AN

HE SAID OBJECTORS TO THE ALIGNMENT NOW AUTHORISED ALIGNMENT BETWEEN AP LEI CHAU MAIN STREET AND CENTRAL ABERDEEN.

RESIDENTS, OTHER

HOWEVER, OBJECTED TO SUCH AN ALIGNMENT AND NEARBY BECAUSE OF THE IMPACT THIS WOULD HAVE ON ABERDEEN HARBOUR RESIDENTIAL BUILDINGS IN ABERDEEN.

THAT THE ALIGNMENT MEANS TO KEEP PACE

"A COMPARISON OF THE ALIGNMENTS HAS SHOWN CHOSEN OFFERS THE QUICKEST, MOST COST EFFECTIVE WITH THE DEVELOPMENT AND TRANSPORT NEEDS OF AP LEI CHAU.

BUILDING

CENTRAL

COST

"THE ALTERNATIVE OF

A BRIDGE TO WOULD HAVE OFFERED NO PARTICULAR TRANSPORT ADVANTAGE, AND LEAD TO WIDESPREAD TRAFFIC CONGESTION DURING THE EXTRA REQUIRED FOR DESIGN AND CONSTRUCTION," THE SPOKESMAN SAID.

HARBOUR

AND

"BUILDING THE BRIDGE ALONGSIDE THE

THE USE OF INTERFERE ENVIRONMENTAL TERMS," HE ADDED.

WITH

ABERDEEN MUCH MORE 20 MONTHS

EXISTING BRIDGE WILL NOT

IS

MORE

ACCEPTABLE

IN

GOVT TO CONDUCT SECOND FOREIGN EXCHANGE MARKET SURVEY

THE MONETARY AFFAIRS BRANCH WILL BE CARRYING OUT THE SECOND FOREIGN EXCHANGE MARKET SURVEY IN APRIL AS PART OF A GLOBAL SURVEY CO- ORDINATED BY THE BANK FOR INTERNATIONAL SETTLEMENTS.

ANNOUNCING THIS TODAY (WEDNESDAY), A GOVERNMENT SPOKESMAN SAID: "THE PREVIOUS SURVEY CONDUCTED IN APRIL 1989 REVEALED THAT THE FOREIGN EXCHANGE MARKET IN HONG KONG IS ONE OF THE LARGEST IN THE WORLD, WITH A DAILY TURNOVER OF US$49 BILLION. THE FORTHCOMING SURVEY WILL PROVIDE VERY USEFUL INFORMATION ON THE LATEST DEVELOPMENTS IN THIS MARKET.

CONFIRMED THEIR DENMARK, JAPAN, LUXEMBOURG,

APART FROM HONG KONG, 24 CENTRES HAVE PARTICIPATION. THEY ARE. AUSTRALIA, AUSTRIA, BELGIUM, CANADA, FINLAND, FRANCE, GERMANY, GREECE, IRELAND, ITALY, NETHERLANDS, NEW ZEALAND, NORWAY, PORTUGAL, SINGAPORE, SOUTH AFRICA, SPAIN, SWEDEN, SWITZERLAND, UK AND USA.

THE SPOKESMAN