XN000022-1994-11-18 — Page 12

FRIDAY, NOVEMBER 18, 1994

10

PHASE III OF THE CENTRAL RECLAMATION, FORMERLY KNOWN AS STAR

IN FERRY AND TAMAR EXTENSION RECLAMATION, IS SCHEDULED TO START

LATE

1996.

THIS PHASE WILL PROVIDE LAND FOR CONSTRUCTION OF THE AIRPORT RAILWAY FULL OVERRUN TUNNEL AND THE CENTRAL-WAN CHAI BYPASS.

ON THE WAN CHAI RECLAMATION PROJECT, MR LEE NOTED THAT GOOD PROGRESS HAD ALSO BEEN MADE ON THE PHASE I WORKS SINCE ITS START IN JUNE THIS YEAR.

HONG KONG

THIS PHASE WILL PROVIDE THE NECESSARY LAND FOR THE CONVENTION AND EXHIBITION CENTRE EXTENSION (HKCECE) AND ITS INFRASTRUCTURAL REQUIREMENTS.

"THE RECLAIMED ISLAND AND ONE OF THE LINK BRIDGES ARE EXPECTED TO BE COMPLETED BY APRIL 1995.

"THE REMAINING LINK BRIDGE AND INFRASTRUCTURAL WORKS ARE SCHEDULED FOR COMPLETION BY DECEMBER 1996 TO TIE IN WITH THE TARGET OPENING OF THE EXTENSION IN MID-1997, MR LEE SAID.

TI

זי

WHICH IS THE

AS REGARDS PHASE II OF THE WAN CHAI RECLAMATION LAST PHASE OF THE WHOLE RECLAMATION PROJECT, MR LEE SAID THIS PHASE WOULD EXTEND FROM HKCECE TO CAUSEWAY BAY.

[I

"NO TIMETABLE HAS BEEN SET FOR THIS PHASE OF WORKS. BUT IT IS EXPECTED THAT THE WORKS WILL BEGIN IN 1998 FOR COMPLETION IN 2002, HE ADDED.

VALUE OF MANUFACTURERS

ORDERS-ON-HAND IN SEPTEMBER 1994

IN

THE VALUE OF MANUFACTURERS' ORDERS-ON-HAND FOR LOCAL PRODUCTION SEPTEMBER 1994 INCREASED BY 10% OVER A YEAR EARLIER, ACCORDING TO THE PROVISIONAL RESULTS OF A MONTHLY SURVEY RELEASED TODAY (FRIDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.

COMPARING SEPTEMBER 1994 WITH SEPTEMBER 1993, SIGNIFICANT INCREASES IN THE VALUE OF OUTSTANDING ORDERS WERE RECORDED IN THE PLASTIC PRODUCTS INDUSTRY (+48%), ELECTRONIC PRODUCTS INDUSTRY (+29%), FABRICATED METAL PRODUCTS INDUSTRY (+23%) AND TEXTILES INDUSTRY (+15%).

ON

THE OTHER HAND, SIGNIFICANT DECREASE IN ORDERS WAS REGISTERED IN THE PRINTING AND PUBLISHING INDUSTRY (-18%). ORDERS IN THE ELECTRICAL PRODUCTS INDUSTRY AND WEARING APPAREL INDUSTRY ALSO DROPPED, BY 12% AND 7% RESPECTIVELY.

COMPARED WITH AUGUST 1994, AND BEARING IN MIND THAT COMPARISON MAY BE AFFECTED BY SEASONAL FACTORS, THE VALUE MANUFACTURERS' ORDERS-ON-HAND IN SEPTEMBER 1994 DECREASED BY 6%.

THE MONTHLY SURVEY OF ORDERS-ON-HAND COVERS A SAMPLE OF 300 MANUFACTURING FIRMS ENGAGING 50 OR MORE WORKERS.

THIS

OF

SOME

/MANUFACTURERS'