XN000022-1992-05-18 — Page 4

3

MONDAY, MAY 18, 1992

CAN

"HONG KONG PEOPLE HAVE A DEEP-SEATED CONVICTION AND SHOULD GET BETTER, SAID THE GOVERNOR.

"

THAT THINGS

HAD IN

HE SAID THE FUNDAMENTAL STRENGTH OF THE ECONOMY, WHICH THE PAST MADE IT POSSIBLE FOR THE PEOPLE OF HONG KONG TO REALISE THEIR ASPIRATIONS AND WOULD GO ON DOING SO IN THE FUTURE.

H

HE SAID.

"WE HAVE EVERY REASON TO BE CONFIDENT ABOUT OUR TRADE PROSPECTS,

ECONOMIC

AND

LORD WILSON POINTED OUT THAT HONG KONG HAD TRANSFORMATION

SEEN A RAPID TAKE PLACE AS A LARGE PART OF ITS MANUFACTURING HAD BEEN TRANSFERRED TO THE LOW COST ENVIRONMENT OF GUANGDONG.

SEEN

"SERVICES NOW ACCOUNT FOR ABOUT 70% OF OUR GDP. WE HAVE A MASSIVE GROWTH IN OUR TRADE WITH CHINA AND THE REGION. TRENDS LOOK SET TO CONTINUE.

"I SEE NO REASON WHY HONG KONG SHOULD NOT CONTINUE TO THROUGH FREE TRADE AND ENTERPRISE," THE GOVERNOR SAID.

BASE

ALSO THESE

PROSPER

TSING MA BRIDGE CONTRACT SIGNED

FIXED

THE HIGHWAYS DEPARTMENT TODAY (MONDAY) AWARDED THE CONTRACT FOR TSING MA BRIDGE WHICH FORMS THE MAJOR PART OF THE LANTAU CROSSING,

THE

THE $7 BILLION CONTRACT HAS BEEN AWARDED TO THE CONSTRUCTION JOINT VENTURE FORMED BY DORMAN LONG COSTAIN CIVIL ENGINEERING LTD AND MITSUI & CO LTD.

ANGLO-JAPANESE OVERSEAS

LTD,

S.K.

THE CONTRACT WAS SIGNED BY THE DIRECTOR OF HIGHWAYS, MR KWEI, AND MESSRS. BOYLE & HOLLANDERS (DORMAN LONG), LAWSON & WATKINSON (COSTAIN) AND IKEDA & TAKEYAMA (MITSUI) ON BEHALF OF THE VENTURE.

JOINT

THE SECRETARY FOR TRANSPORT, MR MICHAEL LEUNG, THE SIGNING CEREMONY.

ALSO ATTENDED

WITHIN THE SHUI

THE LANTAU FIXED CROSSING IS AN ESSENTIAL ELEMENT GOVERNMENT'S AIRPORT CORE PROGRAMME, AND TOGETHER WITH THE KAP MUN BRIDGE AND MA WAN VIADUCTS, WILL LINK THE ROUTE 3 (KWAI CHUNG TSING YI SECTORS) AND THE NEW AIRPORT AT CHEK LAP KOK.

THE TSING MA BRIDGE WILL HAVE AN OVERALL LENGTH OF KILOMETRES, WITH A MAIN SUSPENDED SPAN OF 1,377 METRES.

IT WILL BE ONE OF THE WORLD'S LONGEST SUSPENSION THE LONGEST CARRYING BOTH A RAILWAY AS WELL AS A ROAD.

AND

OVER 2

BRIDGES

AND

/THE MAIN