XN000022-1993-02-18 — Page 14

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THURSDAY, FEBRUARY 18. 1993

CONTRACTS FOR REDUCING FLOODING RISK SIGNED

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THE DRAINAGE SERVICES DEPARTMENT TODAY (THURSDAY) SIGNED TWO CONTRACTS TOTALLING ABOUT $24.3 MILLION FOR WORKS TO REDUCE THE RISK OF FLOODING IN KOWLOON CITY AND TUEN MUN AREAS.

THE CONTRACTS WERE SIGNED AT A CEREMONY BY THE DEPARTMENT'S ASSISTANT DIRECTOR (PROJECTS AND DEVELOPMENT), MR CHUNG KWOK-LEUNG, AND REPRESENTATIVES OF THE CONTRACTORS, SEQUENCE CONSTRUCTION AND CHEUNG KEE FUNG CHEUNG CONSTRUCTION COMPANY LIMITED.

ONE OF THE CONTRACTS, VALUED AT $21.15 CONSTRUCTION OF STORMWATER DRAINS

KOWLOON

IN

IXISTING OVERLOADED DRAINAGE SYSTEM IN THE AREA.

MILLION,

COMPANY

IS FOR THE CITY ΤΟ RELIEVE THE

IT INVOLVES THE BUILDING OF ABOUT 240 METRES OF TWIN-PIPELINE AND 40 METRES OF TWIN-CELL BOX CULVERT ALONG LOK SIN ROAD FROM SA PO ROAD TO CHOI HUNG ROAD NULLAH.

THE STORMWATER

MR CHUNG SAID

DRAIN WOULD DIVERT THE TORMWATER COLLECTED IN KOWLOON WALLED CITY AND PART OF LOK FU 1ЯTATE FROM THE EXISTING STORMWATER SYSTEM TO CHOT HUNG ROAD NULLAH.

THE WORKS WILL BEGIN TOMORROW (FRIDAY) FOR COMPLETION IN DECEMBER NEXT YEAR.

"WHEN THE WORKS ARE COMPLETED, THE RISK OF FLOODING IN KOWLOON CITY AREA WILL BE REDUCED," MR CHUNG SAID.

THE OTHER $3.15 MILLION-CONTRACT IS FOR

IMPROVEMENT

CHING CHUNG KOON FLOOD WATER PUMPING STATION IN TUEN MUN.

WORKS IN

THE WORKS INCLUDE THE CONSTRUCTION OF A ONE-STOREY BUILDING то HOUSE A STANDBY DIESEL GENERATOR WHICH WILL PROVIDE BACKUP ELECTRICAL POWER TO THE FLOOD WATER PUMPING STATION IN CASES OF POWER FAILURE DURING HEAVY RAINSTORM.

THE CONTRACT ALSO INVOLVES THE PROVISION OF A VEHICULAR ACCESS AND THE ASSOCIATED FOUNDATION AND DRAINAGE WORKS.

WORKS OF THIS CONTRACT BEGAN EARLIER COMPLETED IN MID-JANUARY NEXT YEAR.

THIS

WEEK AND

WILL

BE

ENORMOUS OPPORTUNITIES FOR INSURANCE INDUSTRY

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THE OPPORTUNITIES FOR THE INSURANCE INDUSTRY IN THE BURGEONING ECONOMIES OF THE ASIA-PACIFIC REGION ARE ENORMOUS, AND BY TAKING ADVANTAGE OF HONG KONG'S SOPHISTICATED COMMUNICATIONS, COMPANIES BASED HERE ARE WELL PLACED TO SERVE A WIDER MARKET, THE ACTING SECRETARY FOR MONETARY AFFAIRS, MR TAM WING-PONG, SAID TONIGHT (THURSDAY).

SPEAKING AT THE ANNUAL DINNER OF THE HONG KONG FEDERATION OF INSURERS, MR TAM SAID HE WAS PLEASED TO LEARN THAT THE FEDERATION TAKEN AN ACTIVE ROLE IN ESTABLISHING CLOSE CONTACTS WITH CHINA.

HAD

"THROUGH SUCH