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"The scheme will also considerably enhance our ability to handle the fast growing river trade with China.
"The Government has commissioned consultancy studies on the design of the reclamation and terminal quay structures. In parallel, detailed planning and design of ancillary works are being undertaken. We hope the first new berths will be ready for use by early 1998."
On other major projects, he noted that the Tin Shui Wai Reserve Zone Development would produce about 40,000 residential units in the private and public sectors.
The Tseung Kwan O Hospital will provide 450 beds upon completion in 1999. Work on the South Duplicate Tsing Yi Bridge is targeted to begin later this year for completion in early 1999.
Turning to PWP expenditure, Mr Blake said: "The actual spending for 1994-95 will be about 96 per cent of the Budget estimate.
"This will be the second consecutive year that we are able to keep the PWP spending so close to the estimate. It is a big improvement when you compare with the 39 per cent underspending in 1991-92 and 23.9 per cent in 1992-93 before a package of measures was put in place to strengthen our control and monitoring of PWP spending.
"Certainly, we are not complacent with this figure and would continue to improve our management and ability to deliver the PWP programme on time and within budget," Mr Blake said.
End/Friday, March 10, 1995
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