XN000022-1995-11-23 — Page 19

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Dualling of Sha Tau Kok Road in Fanling

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An Assistant Director of the Highways Department, Mr Peter Orange, today (Thursday) signed a contract with the China Road and Bridge Corporation for the dualling of a section of Sha Tau Kok Road from Lung Yeuk Tau to Ping Che Road.

The $164-million contract includes the widening and reconstruction of this section of Sha Tau Kok Road (about 2.6 kilometres) from single two-lane to dual two- lane flexible carriageway with a roundabout at Ma Liu Shui San Tsuen and another at Lau Shui Heung.

Works also include the construction of a footbridge near Ma Liu Shui San Tsuen, installation of noise barriers, associated drainage, street lighting, landscaping, water main diversions, retaining walls and slope works as well as other ancillary works.

"The traffic flow between Fanling town and Ping Che will be improved after the works completed," Mr Orange said.

Works will commence later this month for completion in 30 months.

End/Thursday, November 23, 1995

Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million (hours)

change ($million)

Opening balance in the account

1,709

0930

-437

Closing balance in the account

1,272

1000

-437

Change attributable to:

1100

-437

Money market activity

-437

1200

-437

LAF today

NIL

1500

-437

.1600

-437

LAF rate 4.25% bid/6.25% offer TWI 122.1 *-0.1* 23.11.95