XN000022-1992-02-10 — Page 3

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MONDAY, FEBRUARY 10, 1992

THE SECOND MAJOR PHASE OF THE WEST

KOWLOON RECLAMATION WILL START AT THE END OF THIS YEAR FOLLOWING THE NECESSARY REPROVISIONING AND WILL SEE THE MAIN RECLAMATION WORKS COMPLETED BY THE END OF 1994, ENABLING THE TRANSPORT PROJECTS TO BE COMPLETED.

THE WHOLESALE MARKET SITE, EVENTUALLY TOTALLING ABOUT 18 HECTARES, 15 BEING COMPLETED EARLIER, AND HANDED OVER BY THE CONTRACTOR TO THE ARCHITECTURAL SERVICES DEPARTMENT IN PHASES FROM MARCH THIS YEAR.

THIS WILL ENABLE THE FIRST HALF OF THE HUGE MARKET TO BE REPROVISIONED BY AUGUST NEXT YEAR.

AFTER TOURING THE RECLAMATION SITES BY LAUNCH, MR BLAKE WENT ASHORE AT THE NEW WHOLESALE MARKET SITE FOR A BRIEFING ON PROGRESS ON THE ENTIRE PROJECT. THIS WAS GIVEN BY PROJECT MANAGER FOR THE URBAN AREA DEVELOPMENT OFFICE OF THE TERRITORY DEVELOPMENT DEPARTMENT, MR KEITH AUSTIN.

THE LAND FOR THIS SITE BEGAN TO FIRST APPEAR ABOVE SEA LEVEL AT THE END OF DECEMBER LAST YEAR.

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SPEAKING TO REPORTERS AFTERWARDS, MR BLAKE SAID HE WAS PLEASED WITH WHAT HE HAD SEEN.

VERY

"THESE THREE CONTRACTS ARE PROGRESSING VERY WELL INDEED. THE FIRST CONTRACT WILL BE COMPLETED LATER THIS YEAR.

"IT WILL BE COMPLETED ON PROGRAMME AND, INDEED, I AM PLEASED WITH WHAT I HAVE SEEN TODAY," HE SAID.

VERY

IN

THE RECLAMATION WOULD BRING ABOUT A SUBSTANTIAL IMPROVEMENT THE ENVIRONMENTAL SITUATION IN WEST KOWLOON, BESIDES PROVIDING THE TRANSPORT CORRIDOR FOR THE ACP TRANSPORT-RELATED PROJECTS, HE SAID.

THE RECLAMATION WOULD ALSO ENABLE SUBSTANTIAL IMPROVEMENT ΤΟ BE MADE TO THE TRAFFIC SITUATION IN WEST KOWLOON.

INDEX OF INDUSTRIAL PRODUCTION FOR THIRD QUARTER 1991 * * * * *

THE INDEX OF INDUSTRIAL PRODUCTION FOR THE THIRD QUARTER 1991 SHOWED NO CHANGE OVER THE SAME QUARTER OF 1990, ACCORDING TO RESULTS OF A SURVEY RELEASED TODAY (MONDAY) BY THE CENSUS STATISTICS DEPARTMENT,

OF

THE AND

BEARING IN MIND THAT THE COMPARISON COULD BE AFFECTED BY SEASONAL FACTORS, THE INDEX OF INDUSTRIAL PRODUCTION IN THE THIRD QUARTER OF 1991 WAS 8.2% HIGHER THAN THAT IN THE PRECEDING QUARTER.

AMIDST THIS OVERALL TREND, PRODUCTION IN SOME INDUSTRIES STILL SHOWED SIGNIFICANT GROWTH IN THE THIRD QUARTER OF 1991 COMPARED WITH A YEAR AGO.

/THE GREATEST

J