XN000022-1993-02-10 — Page 24

22

WEDNESDAY, FEBRUARY 10, 1993

IN A WRITTEN REPLY TO A QUESTION BY DR THE HON SAMUEL WONG IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY), THE SECRETARY FOR TRANSPORT, MR MICHAEL LEUNG, SAID THE GOVERNMENT WOULD SPEND $4.2 BILLION ON ROAD CONSTRUCTION AND IMPROVEMENTS IN THE CURRENT FINANCIAL YEAR.

THIS COMPARED WITH $8.6 BILLION SPENT ON SUCH WORK IN THE LAST THREE YEARS.

-

SELECTION OF LDC JOINT VENTURE PARTNERS BXPLAINED

THE LAND DEVELOPMENT CORPORATION (LDC) INVITES A WIDE RANGE OF DEVELOPERS TO SUBMIT OFFERS THROUGH A COMPETITIVE TENDERING PROCESS TO ENSURE PROPRIETY IN THE SELECTION OF JOINT VENTURE PARTNERS SECURE THE BEST POSSIBLE OFFERS.

AND ΤΟ

THIS WAS STATED BY THE SECRETARY FOR PLANNING, ENVIRONMENT LANDS,

MR TONY EASON, IN A WRITTEN REPLY TO A QUESTION BY DR THE LEONG CHE-HUNG IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).

AND HON

FINANCIAL MANAGEMENT OF PREVIOUSLY

HE SAID THE CRITERIA USED BY THE LDC IN SELECTING JOINT VENTURE PARTNERS FOR ITS PROJECTS INCLUDED THE DEVELOPER'S OVERALL STRENGTH; TRACK RECORD IN SALES AND MARKETING; ITS PROJECT WELL AS PROPERTY MANAGEMENT EXPERIENCE AND QUALITY COMPLETED DEVELOPMENTS.

AS

"THE

SELECTION OF JOINT VENTURE PARTNERS IS NOT UNDERTAKEN PRIVATE NEGOTIATION BETWEEN THE LDC AND INDIVIDUAL DEVELOPERS.

"THE

BY

TO EVALUATE

LDC APPOINTS EXTERNAL FINANCIAL CONSULTANTS THE TENDERS AND MAKE RECOMMENDATIONS TO THE LDC'S MANAGING BOARD AS TO WHICH IS THE BEST OFFER," HE SAID.

0

NO CHANGE IN COUNTRY PARK LAND USE

YEARS

NO CHANGE OF LAND USE HAS BEEN APPROVED IN THE LAST FIVE

WHICH DRALS WITH UNDER SECTION 10 OF THE COUNTRY PARKS ORDINANCE

PRIVATE PROPERTY IN CONTROL OF NEW DEVELOPMENT ON LEASED LAND AND AREAS COVERED BY A DRAFT PLAN OF A PROPOSED COUNTRY PARK.

AND THE HON

ENVIRONMENT THIS WAS STATED BY THE SECRETARY FOR PLANNING, LANDS, MR TONY EASON, IN A WRITTEN REPLY TO A QUESTION BY PETER WONG IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).

14

'ITS APPLICATION IS THUS LIMITED AS REGARDS BOTH TIME AND AFFECTED," HE SAID, ADDING THAT THE LAST TIME A PROPOSED COUNTRY WAS GAZETTED AND CONSEQUENTLY DESIGNATED WAS 1979.

LAND

PARK

/23